Jaysus do you want Drogheda to entirely move to Meath in protest...that would be good!!Quote:
Originally Posted by Longfordian
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Jaysus do you want Drogheda to entirely move to Meath in protest...that would be good!!Quote:
Originally Posted by Longfordian
Pfft it'd have to be Harp Lager Harriers!Quote:
Originally Posted by Longfordian
Quote:
Originally Posted by jinxy lilywhite
exactly jinxy, what have we become since then?Quote:
Originally Posted by Cosmo
im not joking about in an earlier post. I genuinely feared youd be up at the top for years. Best manager in loi, pkayed good ball, good crowds, seemed to be doing ok off the park, etc. i could see no end to it, was depressing.
but an american private equity firm taking over? happy days! I predict 2/3 good years, then well see you in division one - at best!
The club sold a publicans licence in 2017; I would assume that was from the YDC so that's not coming back.Quote:
Originally Posted by oriel
Private club licence will do the job.
A new licence of any type is not meant to be issued for a premises which had a licence extinguished. May not be possible to use a club licence.Quote:
Originally Posted by Nesta99
I see this popping up every once in a while. Was there some sort of massive diplomatic incident involving these items in LOI lore, or am I missing something?Quote:
Originally Posted by Longfordian
Just a running gag on here stemming from our visit to Dundalk a couple of years back. One particular Town fan
was very unhappy at their shop selection and decided to call them out on it on here. Others would get exercised about the away facilities generally such as toilets etc but crisps and minerals were all this man wanted and he didn’t get them.
It'll be nachos from now on.Quote:
Originally Posted by Longfordian
I vaguely remember the licence the YDC had was transferred up from a pub that went belly up in the town, then I think that was transferred again down to Kennedys at the train station then when that opened up and the YDC bar closed? This would have been pre the Fastfix lads taking over when Gerry Matthews was feeling the squeeze so he made a few bob off that at the time.
Dan McD did a piece in today's Indo on the possible takeover, nothing new in it that's not already out there but a good overview of Peak6 and the clubs setup currently since the lads took over.
https://www.independent.ie/sport/soc...-36375578.html
If people bought football club surely as a business initiative then you'd be right. But if people were looking to buy something as a sensible business venture, then a football club would and should be near the bottom of their shopping list.Quote:
Originally Posted by mcgonigle
So for a wealthy person looking to own a football club for the sh!ts and giggles of owning a football club, whilst not losing their shirt and potentially even making a relatively decent return, Irish football has to offer some potential.
Plus - billionaires will have their money invested in a whole wide range of things. Any one of those smaller investments making a million or so return in a single financial year, off the back of a total investment of similar size, is actually not a bad bit of business at all. A number of the things they invest in will deliver little or nothing for them, and won't deliver the additional fun of owning your own senior football club competing on a European stage regularly.
I see! Well if that isn't a "Greatest League in the World" moment, I don't know what is.Quote:
Originally Posted by Longfordian
On a more relevant note, I'm delighted that Dundalk are in a position to have their immediate and mid-term future seemingly sorted out, I just really hope it doesn't end in tears for them.
These are not "people" buying a club for anything other then making a return. It is an investment fund, they don't have a "fun" section. If you invested money in a fund and then the fund said we have invested a bit of your money into a football club for a bit of craic ...how would you feel?Quote:
Originally Posted by EatYerGreens
Good man - that answers McGonigle's post for me in significantly fewer words.... :DQuote:
Originally Posted by sbgawa
I have to look at the positives just cause the worrying stuff is too bad to even contemplate before the deal is actually announced. There is general growth potential in Irish football. Yes people will say that any investment fund will look for immediate return and that is all about European money. But that there is no TV deal at the moment is an example of where there is revenue growth potential. Summer football, on TV, a decent product and hopefully growing credibility through European progressiion...well ye never know! These guys may have the clout and expertise to sway tv execs or even make Delaney salivate at the investment potential that Peak6 have and he sees the pay wedge grow as the domestic game grows. One fly in the ointment is the initial cost of making the likes of Oriel Park presentible as part of a sowcase for a proper tv deal to happen and increasing gates steadily to the sort of level Cork had this season to create the atmosphere that grabs a tv audience interest. I get that this all requires a whole mindset change from lst of people starting with the FAI and print media, but maybe this is a breakthrough type investment that we will look back on one day and think that was the moment LoI move properly and fully in to the mainstream. I doubt the like of these guys will sit back and take all the spoofing or piecemeal efforts from the powers that be in the game if it erodes return on investment, like the issue on what the league generates in revenue itself. If a joint body between clubs and FAI take over the running of the league things might improve anyway.....
I kind of agree with looking at the positives, Dundalk don't have a lot to lose , no ground etc etc so its not an asset stripping exercise.
Nothing to lose??? We have a club to lose if this goes tits up at the whim of some desk clerk in Chicago.Quote:
Originally Posted by sbgawa
I can see both sides of the argument and I have worked with and for these types of companies but my gut feeling says we should stay well away from it Irregardless of what promises are being made because they talk a great talk but once they own dfc they do not have to deliver on any supposed promise made or what as their lawyers would of inserted every conceivable contingency possible. It's a win win situation for peak6 with dfc having everything to lose
LOI needs charity, not 'investment'.
A company that actually expects to make a profit? Genuinely, I'd be very wary of them, because they won't make one, and they'll look for ways to recoup their losses. The 'Sure Dundalk have nothing to lose' line is one I'd be careful with too.
Quote:
Originally Posted by jinxy lilywhite
ok I don't mean "nothing" to lose , my point is that without any assets the motivation is not asset stripping, which is a good start.
There is a possibility that this could turn Dundalk into a Malmo type club in the Irish context, there is also a possibility that there will be a Dundalk 2019 FC limited after the current club go's bust,
Neither of your posts answers my question! The general consensus is that they are in it for profit and that's hard to argue against. However these people are not stupid and must see that there is no profit to be made in this league, any profit is made through progression in Europe but as I said before even that is peanuts to these guys. So is there another angle? I don't see it but I'm not a billionaire investor.Quote:
Originally Posted by EatYerGreens
Maybe they hope that with consistent results in Europe, there would not only be prize money, but increased revenue from advertising, merchandise and TV as well as the possibility to actually sell players for higher fees every now and then. However, I also struggle to see the big money in that.
Could it actually be that the real profit would not be made in Dundalk, but in Bournemouth, with Dundalk just being a piece in their overall player development and progression setup?
This makes more sense than most of the speculation on the takeover.Quote:
Originally Posted by sidewayspasser
Don't agree....... if the profit is to be made it will be in dundalk red bulls they own 100 % of that and only 25 % of Bournemouth ;)
Long awaited confirmation of the new owners due to be announced tomorrow or Friday i believe.
Malachy Brannigan due to be announced as COO
https://www.independent.ie/sport/soc...-36474246.html
https://www.independent.ie/sport/soc...-36470685.html
100% of nothing is still nothing.Quote:
Originally Posted by sbgawa
Just read that there is another LOI club up for sale.
Can't mention which though. Site rules.
I'd say 90% of League for Ireland clubs are up for sale at all times.
It's finding a buyer is the hassle!
It looks like an announcement on takover by Peak6 may be imminent (although that has been said continually)
Finn Harps are building a new stadium too.Quote:
Originally Posted by Ezeikial
Bray Wanderers' players are all paid up to date too.
Good, but I don't expect any new stadium in Dundalk.Quote:
Originally Posted by nigel-harps1954
All the new stadium energy belongs to you guys
It's all about momentum, my good man.Quote:
Originally Posted by Ezeikial
None of that post makes any sense to meQuote:
Originally Posted by nigel-harps1954
For starters, that Momentum programme is limited to 12 months
Quote:
MOMENTUM is a Government initiative under Pathways to Work which provides free education and training projects for up to 6,500 for individuals who are unemployed for 12 months or longer.
https://www.welfare.ie/en/Pages/momentum.aspx
6,500 eh...one for each seat.
At least in the original plans anyway..
So it seems the takeover will be announced today. Dundalk already listed on the investors website.
http://peak6sports.com
I wish them all the best. This is exciting times for Dundalk. I will continue to be a little worried about it for their sake but it's the sort of now or never moment of status elevation, potentially sizeable cash injections and stability, stadium improvements and progress in Europe that would / should have been the dream of every LOI club. Yes, a lot has to be said for the likes of Sligo and Cork, doing great things with their loyal fanbases, but even then, it seems to me, that genuine outside investment is desperately needed in this League as an addition to the great work many clubs do, largely voluntarily. That's why I'm happy for them. Almost extinct not a decade ago, from ashes to the Europa League, and now, American investment. It will be great to see Dundalk as EL regulars with a modern stadium, a couple years down the line, all things going well.
I think it's a strange investment personally, and that it must be motivated by expectations of a relatively quick win via Euro money.
If you look at the clubs in the League of Ireland dispassionately, there are others with much more potential in terms of fanbase etc. Some of those (e.g. Cork) can't be bought - although supporter-owned clubs can, and occasionally do, vote to convert back into private ownership in return for investment (e.g. Brentford). But in terms of population and catchment area, in the league Dundalk would objectively be behind the 4 main Dublin clubs, Cork, Derry, Limerick, Galway and perhaps even Waterford. The only return I can see these guys getting for their investment is via Euro participation funds and TV rights for Euro fixtures. So they doubtless aim to spend enough to dominate Irish football every year and build on progression in Europe from there ie. the Rosenborg model. But Dundalk will always be hampered by the fact that it doesn't have a very big catchment area.
I don't think you could say that Dundalk are behind Shels for example. Shels have never shown any ability to get support, even at their peak. Dundalk have a limited but passionate local support base, similar to Sligo.
I'd agree that the regional sides (ourselves, Galway, Derry, Waterford and Limerick) could have more potential due to larger catchment areas.
You guys should alert peak6 immediately
Dundalk and Enviorns is about 70,000 people, add in the likes of Mid Louth eg Ardee, Dunleer, East Monaghan like Carrickmacross, South Down and Armagh and it would push immediate catchment to about 100k. So not that small by Irish standards and there is growth potential within the catchment. People from areas further afield have taken to supporting Dundalk due to a number of reasons but not sure how significant that would be to overall support. There are the benefits of being on the M1 half way between the 2 major urban centres on the island. That may not have too much bearing on support of Dundalk FC directly but could be seen as growth potential especially for people that are not particularly familiar with the lie of the land on how 'tribal' football supporters are here. Its just a potential market base.
A one club town of significant size could have its appeal over the less distinguishable areas of support in Dublin say. Try explaining the historical supporting hotbeds of Rovers and Shels for example, outside their current locations. 5 club in Dublin, Bray and even Drogheda are within the city's enviorns! Its nearly as quick from the airport to Dundalk these days at busy times as Dalymount to the airport for jetsetting executives doing their transfer dealings ;P
There is development potential at Oriel Park too near the centre of town, supposedly with LCC planning approval due to be granted (of course objections could yet happen). But most importantly Dundalk FC probably have a reasonable cash reserve that other clubs dont currently and no major outstanding debts/loans, which would catch the eye of investors, maybe not in a good way either.
It doesnt make it any clearer on the 'where is the quick return on investment' question. But I dont think population or demographics would be a big part of why Dundalk FC and not another club.