What club is bankrolled by a state funded college?
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What club is bankrolled by a state funded college?
No, they're a board of directors. All bar Sadlier have very succesful careers elsewhereQuote:
Originally Posted by pineapple stu
As acknowledged earlierQuote:
Your comment that your backer has loads of money sounds an awful lot like Drogs fans' comments about their backers, who are now talking publicly about the wells drying up.
Not like this, not with these credentials, and not with the motives he has.Quote:
The league has been here before.
As I've said elsewhere its up to you whether you belive it or not
Are they getting paid anything?Quote:
Originally Posted by Dodge
This is true. Let's see how it pans out.Quote:
Originally Posted by Dodge
Dunno. They are all either paid, or kept on retainers by the boss man for other reasonsQuote:
Originally Posted by pineapple stu
In fairness Stu, it does seem to be slightly different to Drogheda, in that Drogheda have been building up debt to their directors, while Pats appear to be just badly placed if their money man suddenly pulls out. Let's wait and see a bit longer before we start crying wolf.
In that story the boy cried wolf a few times when there was no wolf and then the villagers didn't believe him the one time there was one.Quote:
Originally Posted by John83
So far, evert time Stu has cried wolf there has been one. This is the exact opposite of the story.
So its when Stu says nothing I should be worried?
Re-read what he said. He is saying, when he DOES cry wolf, there normally is one.Quote:
Originally Posted by Dodge
If he doesn't then you dont have to worry.
Yeah it might take a while to get used to my humour Steve ;)
And for the record in the other cases, far more people than stu have been crying wolf...
Agreed, and I pay attention when he points out trouble on the horizon, but Pats seem better off than the teams he's comparing them to, and we don't have as much information either because of the change of ownership. All I'm saying is that it seems a little premature to get very worked up about Pats.Quote:
Originally Posted by Bald Student
I'll agree but I've heard before the story about the property developer buying into a club saying "I plan to make this club the biggest in ireland with european success etc etc but first I must secure full ownership of all the land that I don't plan to sell.".Quote:
Originally Posted by John83
It's possible that this fella is the real deal but I'm keeping my skeptical hat on for the moment.
He's far too big to go to this much trouble to make money on Richmond Park. Why would he bother when he's messing about with €12 Billion with the Chicago Spire. A notoriously private man, he has too much prestige to lose by ****ing off a few thousand football fans
Quote:
Originally Posted by Steve Bruce
The only really they had a great side was down to the overspending, overspending which forced wage demands of players to go up and up across the entire league
Another issue to consider is what happens if he does pull out? They're totally dependent on him. Say he pulls out at the end of the season, and Pat's have players on two years contracts. They're screwed. They can't cancel those contracts, and wouuld run up a huge loss in the following season, which would mean they'd (a) have to cut back to a break even budget, a massive drop in itself and (b) have to cut back further to pay off the debts incurred in the first year when they couldn't cut back. It's still a problem.Quote:
Originally Posted by John83
We're agreed on this.Quote:
Originally Posted by pineapple stu
Quote:
Originally Posted by Bald Student
If you had a Kabillion euro and wanted to turn an irish team into a european success story, what would you do?
Get in an ex-international manager and most succesful underage manager to run the club from a footballing pov.
Buy land in catchment area for use as said academy.
Put together a partnership with international marketting company with an aim to create a brandname in a foreign country.
Put together a board with business and football people.
Improve stadium, and provide amenities for the local area.
If he wanted the land only he really didnt need to do any of the above. Honestly if he did sell the ground move us to tallaght he wouldnt be a very good business man having spent money on the above.
kdjac
Exactly. He could probably have chucked a couple of Mil at the previous Board to buy them out, made some vaugue promises about building the club, etc, etc,(while finding excuses why no actual work was being done)putting his dastardy plan in place behind the scenes, if that was his agenda. Everything he's actually done has indicated that he is serious. He didn't waste much time in getting the diggers in and starting work behind the goal,for example. The fact that Brian Kerr is on board is also something a lot of the sceptics aren't factoring in, which is another thing Kelleher didn't need to do. So what do you sceptics think Kerr is at ? There are 3 possibilities as I see it:Quote:
Originally Posted by kdjaC
a) Kerr is in on a major scam being perpetrated on the Pats fans - anyone think this is likely ?
b) Kerr has been hoodwinked by Kelleher. Possible, I suppose, it would surprise me though.
c) Kelleher is the genuine article. Yet to be proven, I know. But it does look good from where I'm standing.
Frankly, I wish he hadn't said all the stufff about Europe. That is the kind of guff we've heard too often in the past. I'll be happy if he can make Pats the No 1 club in Ireland. Than let's take it from there.
Yeah, to be honest, that's the only thing stopping me from changing my sig to include youz lot. ;) It's the only bit that doesn't add up to him screwing the club at some stage, to be honest. The new stand is the main bit in that.Quote:
Originally Posted by kdjaC
There is a lot more going on than most people realise as i posted on pats board, usually foot.ie is a haven for knowledge on everyone elses club (love that tbh) but noone here has realised what this lad is doing or has info on his land purchases or who his main associates are (Drury etc)in the pats thing.Quote:
Originally Posted by pineapple stu
If he does what he says he will do then we will leave Richmond, i have no doubts about that but not for a land deal.
kdjac
What about Pat's for Richmond?
Quote:
Originally Posted by pineapple stu
IE "if he does what he says"
<madness?> Special K envisages Pats in the Champions League group stage as a longterm thing</madness?>
Continuing the madness reasoning....
As a student of something how do you think Richmond/Inchicore would cope with a Champions League group match? Possible?
kdjac
Ah, OK. We're in fantasy land, so.
I'm not a student, by the way.
A fantasy land that has Pats with a new stand/pub/board/450k sponsorship/owner worth 500million.Quote:
Originally Posted by pineapple stu
Its madness tbh.
kdjac
Pat's won't be getting to the CL group stages any time soon.
No EL team in its present form will get to the CL, the CL is for the big clubs only.Quote:
Originally Posted by pineapple stu
What will get you to the CL is money and lots of it, EL teams will be lucky with 1st round UEFA football for next few years. But what is happening with Pats is what all EL fans have always wanted someone with money to burn and ambition/plan to to not lose much whichever way it goes.
I reckon he will make more money out of Pats than he puts in (within 5 years), atm hes 14 million or so down(btw for sceptics the ground is worth 12 at current market value)
kdjac
Do you have any idea how much you sound like a Shels fan circa 2002?
You've been embarrassed over your understanding of company accounts; don't go down the same route of embarrassing yourself about the possibility of getting into the group stages of the Champions' League.
Thought Nightdub answered that one about the accounts? I have no belief that we will get to the CL group stages. What our owner believes is otherwise, what you actually read is ehh even more otherwise. What is embarrassing (but suppose your not a student) is your inability to read and understand posts.Quote:
Originally Posted by pineapple stu
So to break it down for simple(non student reading) reading.
Pats new owner worth 500 million.
Pats new owner doesnt need to win anything to pay players.
Pats new owner has paid/put in more than grounds value.
Pats new owner a successful business man.
Pats are top of the league playing good football.
Pats new owner appointed God as Director.
Pats fans are very very happy at the moment (well maybe not the ones who think we will win league).
Pats new owner bought land that confirms his initial plans for Richmond.
Pats new owner has also bought land and converted its zoning to recreational/amenity from residential at a great loss with a view to being an academy.
Please point out where in the above i sound like a shels fan? Also bear in mind when all Pats fans left lansdowne last december we were 99.9% convinced we were going to be in tallaght asap.
Theres condescending and theres not actually reading posts and making assumptions....................
kdjac
Just for the record he hasn't spent 14 million yet.
And nobody thinks we'll be in the champions league
Oh and he's worth more than €500 million
Stu, as I said earlier, your reservations were well-founded based on the financial situation pre-Special K. But what's encouraging is that what's actually happening now, in terms of laying foundations for the future (pun intended) seems to fit with the intentions he's expressed.
Someone asked about Pats for Richmond...we haven't gone away you know. But there doesn't seem a lot of sense campaigning against someone who so far appears to be doing exactly what we'd like to see done.
Going back to the world of high finance, I'd imagine our annual accounts are going to look VERY different from now on to what they were before.
Wikipedia says:
"In finance, a debenture is a long-term debt instrument used by governments and large companies to obtain funds. A debenture is usually unsecured in the sense that there are no liens or pledges on specific assets. It is however, secured by all properties not otherwise pledged.The advantage of debentures to the issuer is they leave specific assets unencumbered, and thereby leave them open for subsequent financing.
In the United Kingdom debentures have frequently been used as a mechanism for raising funds to build or finance sports or leisure venues...blah blah blah...Other stadia financed through the issue of debentures include Millennium Stadium, Wembley Stadium, Arsenal, Twickenham Stadium and Trent Bridge in Nottingham."
We've just issued one of those for €10.1 million. To me, that sounds like someone's intent on doing something serious with Richmond and the surrounding bits of land he's either since acquired or is aiming to acquire. Could be for apartments, could be for a snazzy stadium plus academy plus all the rest. As we keep saying, we'll have to wait and see. I like the sound of the last sentence in the Wiki quote though.