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Jesus, this type of scheme is doomed to failure, look at Dundalk as a prime example. Especially, if it's to be believed, that the same goons are running the club. A club I worked with have just launched something of this type, looking to raise c. 3grand a week. What's absolutely scary is that the money is going into a black hole, paying for one man and his hangers on's drive for political office. Drogheda's attempt looks sensible in comparison but still crass.
Have Drogheda applied for a licence and what budget have they submitted?
The RTE piece implies that they have FAI backing for the new scheme?
Will they impose a rolling deadline to enable Drog - in whatever form - gain a licence?
From the Drogheda website Q&A about the share issue -
WTF?!Quote:
Q. What happens if sufficient funds are not raised in advance of the 31st January?
A. All monies received for shares will be lodged in a dedicated bank account. If sufficient funds are not raised by the 31st January, all monies will be refunded. The proposers will then recommend that the club be wound up.
The way things are going, Thurles Town will be back in the Premier Division in March.
That really sounds like a big dose of emotional blackmail!! If the supporters dont raise another 200k in a matter of a couple of weeks then there will be a 'recomendation' to wind the club up (as opposed to an actual winding up order). A few years of faux success really seems to have blinded some to the possibility of 10years odd in the 1st division (cough) and allow some financial breathing space to implement and develop income streams. Yes a much harder job languishing in the 1st than sitting top of the Premier and winning Setanta and Cup but as Spudulika said 'look at Dundalk as a prime example'.
Drogheda can rescue themselves but they are laying down a legacy of mistrust and, from what I heard locally in December, disgust with the local business community. It's going to get harder for them from now on. Winding the club up is the easy thing to do, it's far harder to have to face being a battling 1st Division club rebuilding from the ground up. I am certain that with a small budget and amateur players they will be able to compete, there are plenty of decent players around and a good boss would move them on. However this won't fit for some of the ego's behind the club.
After reading that FAQ on the website, it seems as if the egos behind the club are trying to lay fault with supporters for not fully coming to the rescue of the club. Absolutely shocking the way that they have worded that.
A bit confused by all this. If they need this money just to get through this season with an amateur squad due to high fixed costs, won't they be in the exact same position this time next year? What am I missing here?
Edit- ok, read the FAQ. They expect to be self sufficient after two years and the 200k should get them that far.
Hmmm. This is still all a bit odd though.
Someone's been reading Gods vs Mortals!Quote:
Originally Posted by avvenalaf
Well that 200k would allow them to sign some if the better players in the league, when they get in to Europe and win the odd cup then prize money can be reinvested to get a team together that will win the league (as long as there isnt a manager in place that takes 2 to 3 seasons too long to win that elusive league title playing the anti-football that will fail attract the masses of South Louth and North Meath). Some of that 200k can be put toward a planning application for a new ground in the middle of 10000 new homes. CL money and earnings on a land sale will thus make Drogheda Utd the model club and forever self sufficient!!
Seriously though self sufficient on 200k well if that is possible and such a business plan has been devised by the lads United Park please run for general election - you will get my vote....
I think the only way forward for Drogs supporters is for some of them to get off with a thousand fat chicks for €200 or a hundred fat chicks for €2,000 on behalf of the club.
seriously though. best of luck but is it not just trying to catch a falling knife here. maybe its time for the old lady should be put to sleep. Build again. Yeah you'll **** off a few creditors but at least you'll starting from a clean slate and develop more modest ambitions
Quote:
Originally Posted by Nesta99
ok so seemingly im not aloud to respond to posts such as this for some reason , not sure why ? But if my post is seen as trolling what is the likes of this ?
It's sarcasm. Your post, as explained to you by PM, was trolling.
pm a reply ndrog
So the directors of Hinge Trading are prepared to let the club sail off into the sunset.
Change of tune from 2008 when they were pleading with a High Court judge for protection from the courts.
I still don't understand why (assuming that this isn't a case of crying wolf) they can't reduce their budget to eliminate the projected deficit rather than raising a large sum of money. The minimum costs of a First Division season with amateur players can't be that big surely?Quote:
Originally Posted by Mr A
If the FAI own the ground, does some of the debt come from money owed through back rent.
The only future the club seems to have is for the Claret & Blue club to run Drogheda United with a Bohs style membership set up.
That was Plan B.Quote:
Originally Posted by D.24saint
Quote:
Frank Pentony, another long-time supporter, addressed the audience when asked by one “is there a plan B?” “This is plan C”, answered Frank. “Plan A was to try and get the Claret & Blue Club to a point where it could take over the club, that didn’t work, plan B was to try and get an investor, that didn’t work, this is the last throw of the dice”.