Potential ramifications for LOI after todays FAI accounts debacle.

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Originally Posted by marinobohs

Important the club reps have some sort of cohesive approach to this, Government will not want the League to collapse but wont care enough to come up with any solutions. Put some realistic proposal (short term survival, longer term aspirational) to them and there is a chance they might back it but go in with the usual 'me fein' club approach or whinging about the FAI and they (the Government) will pretty soon lose interest.

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At the time of lucid's proposal was there was some kind of ultimatium to the clubs about signing up to fai proposals - so another three years of abject neglect and mismanagement. I think the deadline for that was, somewhat conveniently, just before real extent of problems started coming out.

Does anyone know how much room for manevour the clubs have here? Have they already agreed to fai proposals? fixtures supposed to be out tomorrow. Could they temporarilly take back (mis)management of the league? While waiting for a white knight (Lucid/Quinn)

See top flight fixtures are coming out tmw but first division fixtures are to be held off till a later date. The mind boggles..

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Originally Posted by A N Mouse

At the time of lucid's proposal was there was some kind of ultimatium to the clubs about signing up to fai proposals - so another three years of abject neglect and mismanagement. I think the deadline for that was, somewhat conveniently, just before real extent of problems started coming out.

Does anyone know how much room for manevour the clubs have here? Have they already agreed to fai proposals? fixtures supposed to be out tomorrow. Could they temporarilly take back (mis)management of the league? While waiting for a white knight (Lucid/Quinn)

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I would presume, given what's come to light in FAI, any agreement would be pretty open to challenge (even if the FAI were to try and enforce it).More relevant question is how long would it take the clubs to get some form of alternative administration in place. I would imagine European places will be reallocated if we cant put something in place fairly sharpish. Possibility of UEFA putting in some temporary admin ? deferred start to season ?

The league will start on time and the Govt will bail out the FAI by taking over the stadium debt because Ross is nothing if not a shameless self promoter who realizes he has score a bit of an own goal yesterday and now that he has realized (better late then never) that if he doesn't sort things out the National team wont be able to play in the euros he wont let that amount of voters (fans) down.

If the Govt effectively buy 50% of the Aviva for 30m they will paint it as a rescue which we should be grateful for rather than an Asset strip.
I'm cynical and annoyed at all the pontificating , Lord Ross is a joke but at least the Garda Station in Stepaside is open

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Originally Posted by sbgawa

The league will start on time and the Govt will bail out the FAI by taking over the stadium debt because Ross is nothing if not a shameless self promoter who realizes he has score a bit of an own goal yesterday and now that he has realized (better late then never) that if he doesn't sort things out the National team wont be able to play in the euros he wont let that amount of voters (fans) down.

If the Govt effectively buy 50% of the Aviva for 30m they will paint it as a rescue which we should be grateful for rather than an Asset strip.
I'm cynical and annoyed at all the pontificating , Lord Ross is a joke but at least the Garda Station in Stepaside is open

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I dont know the legalities or whether its possible, but if a salary and pension was signed off by individuals rather than a board then shouldnt that agreement be null and void. A good start to claiming back some positive public opinion would be to suspend any agreement including a severance package. It its rewarding corrupt behaviour at worst and serious incompetance at best. Ross is not untarnished by this so has a lot of work to do and especially if the fallout includes the collapse of LoI and all international sides being suspended. The minister wont come out of that looking too good even if his hands are tied so a significant extent. Timing is everything and I can actually see why the FAI are getting it difficult to appoint independant board members or recruiting a new CEO. What was said by the minister was a major own goal - it also would undermine any ongoing negotiations on refinancing debt. It seems that Shane Ross doesnt really grasp the full extent of the potential issues with UEFA/FIFA.

It wouldnt necessarily be a bad thing if the state had a stake in the National Stadium and got a return for the part ownership. That stake could be sold on and the IRFU would surely consider taking back full ownership earlier if the option was provided in any deal with the state. Further deepens the mess for the FAI with losing an asset and wastes any money already paid toward the project.

Again it might be naive on my behalf but its not as if we havent had plenty of phoenix organisations in the past. Surely it is possible for the league to set up their own company with backing from UEFA, transfer staff to admin the international team stuff within the same entity maybe in the interim period. Either way the FAI will need to rebrand if they dig out of the hole so Football Federation of Ireland by 2021 with a completely new board, ceo etc - honour some of the legacy debt but let the folded FAI honour its obligations on severance packages when it exists only on paper ie nothing there to honour certain 'obligations. Wishful thinking but getting a certain pound of flesh would help things immensely

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Originally Posted by Nesta99

I dont know the legalities or whether its possible, but if a salary and pension was signed off by individuals rather than a board then shouldnt that agreement be null and void. A good start to claiming back some positive public opinion would be to suspend any agreement including a severance package. It looks like it rewarding corrupt behaviour at worst and serious incompetance at best. Ross is not untarnished by this so has a lot o work to do and especially if the fallout includes the collapse of LoI and all international sides being suspened. The minister wont come out of that looking too good even if his hands are tied so a significant extent. Timing is everything and I can actually see why the FAI are getting it difficult to appoint independant board members or reruiting a new CEO. What was said by the minister was a major own goal - it also would undermine any ongoing negotiations on refinancing debt. It seems that Shane Ross doesnt really grasp the full extent of the potential issues with UEFA/FIFA.

It wouldnt necessarily be a bad thing if the state had a stake in the National Stadium and got a return for the part ownership. That stake could be sold on and the IRFU would surely consider taking back full ownership earlier if the option was provided in any deal with the state. Further deepens the mess for the FAI with losing an asset and wastes any money already paid toward the project.

Again it might be naive on my behalf but its not as if we havent had plenty of phoenix organisations in the past. Surely it is possible for the league to set up their own company with backing from UEFA, transfer staff to admin the international team stuff within the same entity maybe in the interim period. Either way the FAI will need to rebrand if they dig out of the whole so Football Federation of Ireland by 2021 with a completely new board, ceo etc - honour some of the legacy debt but let the folded FAI honour its obligations on severance packages when it exists only on paper ie nothing there to honour certain 'obligations. Wishful thinking but getting a certain pound of flesh would hep things immensely

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Would love to see Delaneys 30 pieces of silver withheld but this is Ireland and executive screws ups are always dealt with by huge payoffs.

Notwithstanding any agreement with the FAI the League is a separate entity and should look to go it alone ASAP. Some interim arrangement will be needed for this season. With a mid/long term plan for the League.

The Govt may buy out the FAI Aviva share, especially now the IRFU bowed out. This should ease the financial pressure and assist FAI Nua put together a plan to deal with the rest of the debt.
Either way the FAI will be far too occupied to look after the "problem child" so they are going to need a new structure.

Former Cork City chairman Jon O'Brien rattles a few about the LOI's future at the Oireachtas committee meeting.

https://www.facebook.com/sinnfein/vi...2580644/?t=265

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Originally Posted by ToberonaTornado

Former Cork City chairman Jon O'Brien rattles a few about the LOI's future at the Oireachtas committee meeting.

https://www.facebook.com/sinnfein/vi...2580644/?t=265

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OBrien was superb at this meeting. He would have made a fine minister for sport if he wasnt Sinn Fein. You know from his involvement with Foras his great knowledge of the background workings of the loi.

https://www.rte.ie/news/2019/1229/11...ting-accounts/

More and more coming out....

Deloitte were paid a fortune for light touch audit and accepting managment representations and are now running for cover.
Predict zero consequences for them with the exception of a bit of bad publicity which given if was for covering up for management will probably do them nothing but good

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Originally Posted by sbgawa

Deloitte were paid a fortune for light touch audit and accepting managment representations and are now running for cover.
Predict zero consequences for them with the exception of a bit of bad publicity which given if was for covering up for management will probably do them nothing but good

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Agreed.Zero consequences.,as always for the big 4/5 ofaccountancy and legal firms.
They have managed to weave themselves into every state and public body,Are making millions from the public purse with no accountability..Govt can't go after them as they have become co dependent.
FAI and Deloitte were a good fit.

My worry is that after all is said and done, the League of Ireland will continue to be the last to benefit from any changes.
All we hear about is grassroots, grassroots, grassroots. don't forget that there are plenty of weeds that are growing amongst the grassroots and feeding them will only make them stronger.
To me this remains an organisation who's 1st,2nd & 3rd priority is the International team.
Its then a scrap between the LOI and the Schoolboy leagues(who proport to be the grassroots of the grassroots!) for whats left over.

If professional football is to ever take off in this country it needs the power of the schoolboy leagues to be greatly reduced, thus lessening their white slavery trade of 14 yr olds over to england.

One day there will be the realisation that a thriving LoI benefits priorities 1, 2 and 3. Lets hope sooner than later. As for the last sentence, while I agree, I doubt LoI teams will thumb their noses at potential transfer fees from their academy ranks. The difference being that ye'd hope that that money would be of significant amounts to build the league and snowball for the benefit of players and the international setup. Just maybe Kenny will have LoI value in mind and use influence to push a new regime in that direction. It is tiresome to hear Ross prattling on about protecting grassroots ad nauseum when grassroots were the powerbase of JD - are those individuals also part of his requirement for true reform of the FAI.....

In the same way that first teams at a LoI club get priority as the main source of income, I understand the FAI prioritising the senior mens international side. What I have never understood is the short term thinking in how the stock of international calibre players is grown. Like government its quick fix and about a next election not the longer term greater benefit

What could help to break the mould of old thinking and mentioned by SK is U21 qualification for the Olympics and the possibility of that team featuring young LoI talent. Yes he will still go to youth players based in England but not in the same exclusive manner as a Noel King....I hope! I dont think he will sell his soul now that he is the man in the job.

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Originally Posted by Nesta99

What could help to break the mould of old thinking and mentioned by SK is U21 qualification for the Olympics and the possibility of that team featuring young LoI talent. Yes he will still go to youth players based in England but not in the same exclusive manner as a Noel King....I hope! I dont think he will sell his soul now that he is the man in the job.

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Dont think Olympic Qualification is possible as according to FIFA, Germany, Spain, France and Romania are Europe's representatives.

Indo headline today reads like FAI have given government an ultimatum, to pay the requested 18 million or lose out on Euro qualification/hosting. Some neck if that's the case.

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Originally Posted by NeverFeltBetter

Indo headline today reads like FAI have given government an ultimatum, to pay the requested 18 million or lose out on Euro qualification/hosting. Some neck if that's the case.

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Have you ever thought that it's the Indo in their headline..... that have given the government an ultimatum

Its interesting the additional Cabinet ministers have joined Ross in commenting on this the las 24hrs. In the context of an GE before the summer. Say we qualify in spring and then have to withdraw and Govt dont step in etc if it pans out before an election the the FAI may have a chance albeit a high risk strategy.

Ross is an absolute tosser but even he can work out that the ole ole ole brigade would be less likely to vote for him if he is the face of that.

What's so annoying is we will be made to feel like the govt have bailed us out. Our canoeing enthusiast Dublin city manager is spending 20+ million on a white water rafting centre for him and his mates

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Originally Posted by NeverFeltBetter

Indo headline today reads like FAI have given government an ultimatum, to pay the requested 18 million or lose out on Euro qualification/hosting. Some neck if that's the case.

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Some Neck is their motto.