Was the FAI payment to Dundalk to cover wages / revenue out of funds due from uefa or is it an advance of future potential winnings?
Printable View
Was the FAI payment to Dundalk to cover wages / revenue out of funds due from uefa or is it an advance of future potential winnings?
Quote:
Originally Posted by nigel-harps1954
Quote:
Originally Posted by oriel
On one of the Dundalk podcasts, journalist from local paper said something about a PFAI emergency fund that's available which the players were told would be used to cover wages if neededQuote:
Originally Posted by Knocklyonhoop
Seems Ainscough is not putting any more money in. The supporters club 1903 paid for the bus to Waterford last night and I'd imagine they paid for food after the game too
So genuine question but would that be considered Dundalk paying the wages? My assumption was that the PFAI emergency fund is something paid into by players as part of their dues/membership fee/whatever it's called of their trade union and the union would then be giving them money from it to pay their bills. i.e. Dundalk still wouldn't have paid them. I can't imagine a trade union stepping in to pay wages for what is essentially an absentee owner so the players would get some money from the fund but Dundalk/Ainscough/New Owner would still be on the hook for back wages.Quote:
Originally Posted by dundalkfc10
They did, they had a post up last night, some hotel with a sign on the table, enjoy the food, the 1903 (it was pre match meal, these things prob cost €500)Quote:
Originally Posted by dundalkfc10
Ainscough is nothing less than a gangster, allowing / leaving it up to the governing body pay his employees and a fan group look after away day match expenses, he's still uncontactable in Boston.
Kerry FC had a lucky escape
A grim state of affairs painted by Stephen McGuinness here. He reckons Dundalk could go out of business within the next few weeks, despite recent optimism from elsewhere on the potential new ownership situation
https://www.lmfm.ie/news/sport/dunda...ks-pfai-chief/
Seems a bit dramatic given there are no winding up petitions out there (as yet). Obviously not a good situation right now but they can limp along for a while yet.
Apparently they’re haemorrhaging close to €20k per month cash wise. With 3 home games left unless there is sponsorship cash due, they need either an investor or it’s SCARP or examinership. Why would anyone invest before either of these happening?
Word around the town today is Ainscough has started liquidation whatever that entails and be a statement in the next few day or 2
Sad times
Heard he is fling for Bankruptcy tomorrow in the States.
Has to be a serious knock on effect for DFC and no idea how this will effect a sale, if the club just stops, goes into liquidation and pulls out, seems its on that road now, desperate stuff.
How the **** was a guy with finances that bad ever allowed to take over not one but two clubs. The FAI have an awful lot to answer for here too.
I'd be shocked if dundalk aren't proper up by the FAI no matter what happens for 1 month to finish the season rather than have to feck the league table up
Message to everyone in the FAI: Keep a lookout for blokes approaching with a can of petrol in their hands.
I really hope for Dundalks sake they dont go with all the history they have. Think the Dundalk board have a lot to answer with all the money from 2016 onwards going astray. Stephen McGuinness is an ex Dundalk player so would have his fingers on the pulse. If Dundalk go the FAI will have to bear the blame!
Not a hope of that happening IMO. The FAI haven’t a pot to **** in at the moment and their recent cutbacks are set to include canning their own emerging talent programmeQuote:
Originally Posted by sbgawa
Quote:
Originally Posted by Martinho II
People keep talking about 2016 money, it was 6m, but after charter planes (that SK insisted on for all group games) and hotels, bonus payments etc, it was down to 3.1m, all that did was to fund 2 more leagues (18 and 19) and a cup win in 2020. a new pitch costs 700k, YDC re-fit was 500k, and 500k o/s council planning fees had to be paid, so there was nothing left.
2020 EL group stage, another story, when Stat Sports led takeover happened Nov 2021, there was 2.1m left from P6 part 2, they didn't spend a cent, just ran that down and accumulated debt.
Disgraceful how it all happened and worse no ground improvements, but the money 'going astray' is not correct, it was just spent, no rainy day fund was the concern, but too many owners and avg lifespan of 2 years meant no planning.
Terribly sad how it has all ended.
Are we done done?
Aye, read that after my post. Still not filling me with confidence. Fingers crossed.
An absolute gob****e Sligo rovers supporter Dylan Kearns is the clown behind all the rumours today.