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You can never bank on success though. It just isn't feasible. The players have been playing without pay for nine weeks now. Before that we were probably under-performing considering our wage 'budget'. The size of that 'budget' isn't the players' or the backroom staff's concern.Quote:
Originally Posted by dortie
I'd guess that if cash payments were being made to players, the Directors were persuading (deluding?) themselves that it was justified from the on-field success etc which would followQuote:
Originally Posted by OneRedArmy
From there, it is a small step to concluding that if the players deserve it for their efforts on the field, then we deserve it for our "efforts" (guarantees etc).
In which case, the loss of those guarantees should be the minimum sanction applied (imo).
And let's not impugn other posters for claims they have never actually made.Quote:
Originally Posted by OneRedArmy
Or for not "knowing football", for that matter...Quote:
Originally Posted by OneRedArmy
I read somewhere that Derrys fate would be decided today, is that correct?
Anyway, it is not prudent for a club to own its ground.Quote:
Originally Posted by dcfcsteve
That asset should be in trust to be used and maintained by the club, free from risk (due to the boards destructive financial activities) and not be possible to be used as collateral for a loan.
Indeed. There are almost certainly some clubs feeling very nervous indeed about the idea of the FAI/ tax authorities looking at this issue more closely.Quote:
Originally Posted by OneRedArmy
The sooner this happens the better, one step closer to a level playing field for all.
I agree, i also think the board made a critical error in believing that Kenny and the current squad were capable of winning the title. Thats what the budget was based on. They lost the gamble.Quote:
Originally Posted by pól-dcfc
True. And even if we had won the league this season and last season - we'd still be up the left. Some serious soul-searching needs to be done. If some of the dodgier dealings that are being touted are true, could individual board members face prosecution?Quote:
Originally Posted by dortie
I was already wondering about that. Certainly it could have implications for their eligibility to be directors of companies.Quote:
Originally Posted by pól-dcfc
But if the debt is so high as is now being reported, would winning the League have brought in enough revenue to have covered it?Quote:
Originally Posted by dortie
What I cannot understand is, even with under-the-counter payments to players, how can the debt be so high?
After all, over the last two seasons the club has had good crowds, good Cup and European runs, decent League prize money, plus £400k(?) for McCourt and McGinn.
Just how much extra can they have been paying the players? :confused:
Derry Journal:
Quote:
IF DERRY City Football Club received a gift of £1 million this morning, it still would not be enough to secure the "Candy Stripes" status in the top flight of League of Ireland football, the "Journal" can reveal this morning.
In short, Derry City could face automatic relegation to the League of Ireland First Division this weekend, depending on the outcome of a high powered meeting of the FAI in Abbotstown last night.
It's understood that last night's meeting, which involved the FAI's Chief Executive Officer, John Delaney (pictured right), the FAI Compliance Officer, Padraig Smith and the Director of the League of Ireland, Fran Gavin, was arranged to discuss not only the current financial situation at the Brandywell club, but also to consider information which has been brought to the attention of F.A.I.
Have just been told they are gone to first division. Not sure how true but thats what am hearing.
Source? It's a bad move if we don't dissolve. Those debts are unpayable.Quote:
Originally Posted by Magicme
Quote:
Originally Posted by pól-dcfc
I hope not, i know 2 of them very well, i travelled the country with both supporting this club. The 2 in question are diehards who also foolishly invested their own money.
By the sounds of things they won't have a choice on whether to dissolve or not. I'd imagine there'll be a Revenue audit if there's been under the counter payments discovered. Not a very accomodating creditor I'd imagine there'll be no instalments.
Cant really say, but as I said its not confirmed but its what I am hearing from someone who is fairly reliable on these things.Quote:
Originally Posted by pól-dcfc
I heard that same rumour this moring with bray getting a play off spot.Quote:
Originally Posted by Magicme
I don't understand this.Quote:
Originally Posted by Magicme
If they "only" get relegated, that implies that they will still retain their FAI Licence to operate in the LOI, just at a lower level.
Which prompts the question, just what does a club have to do to disqualify themselves from receiving/retaining a Licence?
And if eg Dungannon Swifts or HMRC should close down Wellvan, say, next April, could the FAI simply transfer their old Licence to a new vehicle ("DCFC2010"?) mid-season and carry on as if nothing had happened?
I can well understand why the FAI would want to keep DCFC in the League if at all possible, but delaying what is looking increasingly likely to be inevitable, risks making the shock worse, if/when it does arrive.
Weatherman exactly what I was told, but as I say its only rumour and conjecture at the moment.
Ealingreen, dont know what is happening on that front but maybe they are ok for a 1st division licence but not for a premier.
yeah its only a rumour, only time will tell.Quote:
Originally Posted by Magicme
Lads,
It would make sense
- Automatically demote DCFC T/A Wellvan for breaches of licence this season
- Deny a licence for next season.