Just who is this FAI employee called Internal Affairs who signed off on the false FAI statement" that the board were kept fully informed"?
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Just who is this FAI employee called Internal Affairs who signed off on the false FAI statement" that the board were kept fully informed"?
Delaney's taken a break, gone outside for a fag and a fart.
The obvious question is who were the FAI's "trade creditors"? It does sound like itd be clubs owed UEFA money, but trade creditors ran into millions in the accounts. I can't understand why the FAI would have so much outsanding to trade creditors. That's what I'd expect in retail or manufacturing.Quote:
Originally Posted by geysir
Creditors would include the bank loan, no?
Delaney talking about outstanding cheques and bank transfers - bank transfers are basically instant. You don't have outstanding transfers; there's money there or there isn't. And you certainly don't lodge a cheque to fix the problem
Then Conway denying insolvency because they've made a profit the last nine years. You can make a profit and still be incident - if, say, you have a huge loan to repay.
It's fun watching Delaney squirm, but what's the possible outcomes here?
That wasn't fair, he went outside to help an old lady cross the road, then drive three 4 year olds to a football training session, followed by inspiring speech to 4 elderly homeless people to get them involved in homeless football, before making it back to the face the drudgery of these tedious ingrates, just how dare they impugn Delaney's honour.Quote:
Originally Posted by geysir
Trade Creditors would be different to bank creditors. A trade creditor is typically another firm (non-bank) from whom you have bought goods or services on credit. When I saw Mark Tighe's first articles I was genuinely surprised that the FAI would have any trade creditors, but UEFA money due to Dundalk would probably be such an item. Maybe payment due for anything related to fixed assets they own at Abbotstown would be another.
Gabby O'Keefe nearly asked a question there, about why not extend the overdraft temporarily instead of all those shenanigans?
Perhaps Delaney will fall on his sword if the furor continues on the basis of things discussed today - and the funding thing of course - but I have a feeling the storm will pass sooner rather than later.Quote:
Originally Posted by pineapple stu
Edit: Conway says the "independent" reviews are paid for by the FAI and the scope is set by the board. Waste of time.
Asked, who decided to hire the accountants?
answer - We were advised by advisors.
Delaney says he hopes UEFA will run an online channel to promote LOI?
Yes and he let it be known he cares about the LOI because in his words, he's from a LOI background.Quote:
Originally Posted by NeverFeltBetter
I hadn't realised before the enormous scale of Delaney's narcissism
Most of those politicians are wafflers, would they ever stop the flow of guff and ask the fcking questiion.
Mark? the smiley suited gobs, has talked gibberish nonstop for his 10 minutes. Not one question.
I know that; I am an accountant. :)Quote:
Originally Posted by Stuttgart88
It's a common mistake to make though - maybe Tighe could have made it? Journalists most certainly aren't accountants.
The FAI would have creditors though. Utilities, consultancy report writers, cleaners, programme printers, security, etc, etc - the same stuff that any company would have.
UEFA funds due to Dundalk shouldn't really be a trade creditor; that would be more like a client/interco account.
Senator Mark Daly praises Delaney for a few minutes, then complains about womens football being underfunded, directing it exclusively at interim CEO Rea Walshe. Coppinger quips that Fianna Fail could do with the similar equality.
They are talking about... how... to... implement... the... Genesis Report.
Ah feck, they are stopping for lunch. Was looking forward to a bit of Healy-Rae antics.
I don't think so - he simply quoted the accounts.Quote:
Originally Posted by pineapple stu
17 years later and we're still talking about hotel arrangements in 2002.
Yeah, the real question is whether anything will arise that makes his position utterly untenable.Quote:
Originally Posted by pineapple stu
Or will he squirm, get through it, and still be there after the committee have pated themselves on the back and the fuss has died down.
Hopefully, with so many people who have been waiting for this for a long time, the knives will really be out for him.
You'd be surprised what mistakes journalists would make when reading accounts!Quote:
Originally Posted by Stuttgart88
But they still would have trade creditors. What level is another question.
And let's be honest here - the whole story is nonsense. The Director of Finance would not suddenly make the CEO aware that the company was hours away from bouncing payments. The report they were looking at would not include outstanding bank transfers (there's no such thing - a transfer is either made or not made). And you don't write a cheque to cover a cashflow issue you have hours to address and then not lodge it until the following day.
You'll have to excuse my ignorance of the finer points of this PAC meeting, but in my view the only best to get this greasy charlatan and his cohorts out of power is go starve them of money. Sport Ireland should continue to withhold the money, and Irish fans should boycott the international games until further notice. The various schoolboy and junior League committees won't be long in pulling their support of these FAIlures if they are not getting their hand-outs.
Treasurer Eddie Murray being asked questions now, and clearly doesn't know/doesn't want how to answer anything.
Classic Healy-Rae: "I'm going to say what other people won't find popular" and proceeds to kiss JD's feet for five minutes. When its pointed out that he hasn't asked any questions, he lashes out. "You're an embarrassment" Coppinger mouths.
wonder what the quid pro quo was there
Jonathan O'Brien absolutely roasting the FAI delegation here.
Well, he wasn't wrong anywayQuote:
Originally Posted by NeverFeltBetter
Love this from Neil O'Riordan on Twitter -
This is all looking shockingly bad for the FAI.Quote:
Quick recap:
Eddie Murray wasn't told about a 100,000 loan but doesn't feel undermined by this.
And, without checking with someone else, he does not know if the FAI has always had an active tax clearance certificate and if it has only one bank account.
Treasurer Eddie Murray
There was some argument that Murray wasn't expecting to be asked questions, that he was just there to be a support to the other delegates, but that's mad: he's the treasurer and the issue is FAI finances!
Loved how they hauled up the new financial guy... and, of course,... he can't answer because, sure, he's only just been hired.
One man show, all around him being put forward for the cannon fodder that they are, while the one man sits just out of range. For now only, hopefully.
I note this Murray guy is the "Honorary Treasurer", so is he just involved in the finances in name only or something? Catherine Murphy is making him look rather foolish.
Honourary treasurer said 100k wouldn't stick out in the budget, so long as the budget balanced itself.
Oh jaysus, did he just say that...
shows up for dinners and gets box ticketsQuote:
Originally Posted by NeverFeltBetter
Troy twisting the knife here, in grandstanding fashion. Speaking cynically, they know this is a great opportunity to get in the news. Will it have any practical result though?
It's important to keep the pressure up. Time for tennis balls at League of Ireland games imho.
It is beyond the pale that Delaney is getting asked so few questions here. The most he's been addressed since his statement was Healy-Rae's fawning. That Kerins issue has really put the scare in Commitees.
Imelda Munster asks JD if he's ever considered resigning. His answer is "I've read my statement." Outrageous. She calls him a disgrace.
I never knew that Gigi Buffon was from Cork.
I really don't understand that. The questions being asked are largely quite legit - albeit possibly toothless in a practical sense - but why they're not going to Delaney is mad.Quote:
Originally Posted by NeverFeltBetter
I really hope the Revenue step in and decide they want to conduct an audit.
It turns out that though the Treasurer thought the FAI maybe only had one bank account, they have 24.
General picture painted is of a board for the lads, not taking their roles seriously at all, there mainly for the match tickets. Which is a huge surprise of course.
Evidence of that is the general tone/body language coming from them as well: Conway clearly feels affronted, outraged at being asked these questions. Delaney looked at Munster like she was something he just scrapped off his shoe.
They wouldn't even answer a straight up question from Cork Gigi Buffon about whether there are only certain types of payments that can cause cashflow problems to the FAI.
There's no reason for UEFA prize money to be having a good rest at the FAI before being paid on to the clubs, is what he was getting at.