What's the story
Sean Connor was in the paper not three weeks ago asking for extra funding to push on. :bulgy:
Are we talking Bohs/Limerick/Derry/Shels/Cork levels of nonsense here or more of a Sligo style poor mouth drive?? :ball:
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What's the story
Sean Connor was in the paper not three weeks ago asking for extra funding to push on. :bulgy:
Are we talking Bohs/Limerick/Derry/Shels/Cork levels of nonsense here or more of a Sligo style poor mouth drive?? :ball:
€900,000 is pretty bad. Not quite IMF bad, but Kilkenny dropped out over 50 grand.
Sounds pretty bad. It's not mentioned what level the debt was at before this year though.Quote:
GUST believe that total debts in the club have now reached €900,000
€900,000?
http://t0.gstatic.com/images?q=tbn:o...ng-Out.jpg&t=1
Good luck Galway - seriously.
Well galway are ****ed so.
How did these roasters get a debt of 900 grand?
That debt level is so high that it nearly seems like time to plan the next GUFC rather than throw good money after bad. That depends though on how much of that debt is owed to former directors etc who never really expect to see the money anyway.
Sounds like the club is on the verge of meltdown, hope it can be turned around.
I cant take any more bad news!!
it is urgent. GUST have gone out of their way to work with club but it has proved practically impossible to extract correct information. The board have a lot to answer for for letting a one man band situation develop again. Clubs of this size dont need ceo, a decent administrator who keeps the bloody head down and does what they are told is suffice.
750k of that debt is belong personally to directors so about 220k is real with about 70k serious enough to impact licencing. The Galway public had voted with their feet and were not prepared to support a bookless operation. Proof of the waste/shocking administration and downright stupidity garnered over the last 12 months is what has brought the club to its knees. No one meant this to happen but the smallest effort and accounting would have nipped this. Everone and their granny seemingly was offering services to GUFC and the bills are coming down like confetti now. We have never won a League, only a paltry fai cup and 2 league cups over 35 years its no wonder our support is small but it is loyal and now also is generational. The other 2 clubs in Galway have not affected crowds one iota, the worry was commercial sponsorship but that has collapsed for everyone anyway.
Im confident we will get out of this
I wonder who the one player the GUST were paying is. :D
bit unfair geezer that one man has worked his backside off for the club
i wonder who the one LOI club is :D
This is simply not true and geezer is being relatively kind.Quote:
Originally Posted by passerrby
are you saying he hasnt ,in my expereince one mand bands develope when people dont step up and one man ends up carrying the burden
this is true too some extent our directors and chairman didnt seem to be in tune/control of what was happening withen the club ,i heard some members/directors didnt even know what players remained on our books at the season endQuote:
Originally Posted by passerrby
#Quote:
Originally Posted by gael353
I'd imagine Salthill Devon, an old debt for the use of their facilities at Drom for training
Roche-y should get onto his direct line to Mr. Delaney and get them to cancel their debt for services to the league..
When the czar knows everything about everything and tells the natives they know nothing can sometimes drive away people....whatever the reason a disaster has unfoldedQuote:
Originally Posted by passerrby
A whole page and nobody's mentioned dvds yet? :D
Bloody FAI. I don't understand how they can justify paying Delaney €430,000 every year when nearly every club in the league is experiencing money issues. Do clubs not have to submit regular account info to them regularly? Why didn't anyone notice earlier about what was going on at Bohs/Derry and well, now Galway? A N Mouse, I think Galway should be asking Bohs fans for fundraising ideas, maybe a few whip arounds down the pub might solve things:p
http://www.investz.com/images/imovies_enlarge7.jpgQuote:
Originally Posted by A N Mouse
A few season's ago when Tony Cousin's was manager Galway Utd had the best structure's in place probably of any club at the time.An executive meeting took place every Monday or every second Monday with different sub committee's operating well.Then gradually bit by bit those structure's collapsed and everything to do with the club started to go through one man.That man made some poor business decision's(20 euro for a match ticket and 5 euro EXTRA for a stand ticket:confused:) and slowly but surely the club started to bleed fan's and thus money.
It has to be said the club didnt offer "dual contracts" or anything and did let players go when they were in danger of going over budget,unlike certain other club's.
When ye were in danger of going over budget? You mean a 900k hole was in your budget?!Quote:
Originally Posted by eamo1
It's hard to feel sorry for Galway in a way. What is it now - three seasons in a row they've had cash/budget problems midway through the season and had to let their best players go? Can no-one in this league ever learn a simple lesson, or are we doomed to see the same mistake repeated ad infinitum? It's just retarded.
Best of luck to the trust though. Are they basically looking to step up to the plate and take control of the club? (And apologies if that was in the original press release...)
Stu, I'm not giving out to you or anybody else, but it has to be pointed out that the current situation is the fault of one person and one person only.
Ridiculous lies have been told for years. I can't really say anything else.
termonbarry?
I'll accept that alright, which is why I'm saying best of luck to the Trust, who as far as I can see have been supporting the club but not centrally involved the past few years, and now look like they want to deal properly with things.Quote:
Originally Posted by gufcfan
I suppose my frustration is that this has been building for years. Galway have been running up steady six-figure losses since "promotion" (despite some fans on here trying to tell us they have the lowest budget in the Premier). So again, I suppose, it comes down to the question of what the hell were the FAI Licencing department doing while all this was building up?
making sure all clubs where compliing with all other rules other than financialQuote:
Originally Posted by pineapple stu
The people saying that we had the lowest budget (or near enough) were not incorrect. Crazy money (relative to what we can afford) was spent on players in the past, but this was not the case in the last couple of years, in my opinion.Quote:
Originally Posted by pineapple stu
I'm usually one of the first people to bash the FAI over licensing, but it would be ridiculous to lay the blame solely at their door in this case. Again, I'll have to leave it at that.Quote:
Originally Posted by pineapple stu
I'm not blaming the FAI solely. There's a few people to blame. The FAI are one of them. The Galway board are also to blame.
I'd be surprised if your budget was lower than our or Bray's for starters to be honest. Ye've bigger crowds, an active trust and a big loss (i.e. spending more money than ye're earning, so increasing the budget further) for starters. I'll be open to correction on it obviously, but I don't believe it.
When I say budget, I'm referring to the playing budget. At the start of the season, our budget would have been more than Bray's, but the second half of the season we almost certainly had a lower budget than Bray.Quote:
Originally Posted by pineapple stu
That's only because you now owe the players 70k....promises, promises, some players are so naive.Quote:
Originally Posted by gufcfan
You have hit the nail on the head, The budgeting was thrown out the window and a free for all ensued, well before the end of the season GUST stepped in to keep buses, and suppliers paid just to make sure the club fulfilled its fixture list.Quote:
Originally Posted by pineapple stu
All we want to do now is move on put in a simple book keeping system, purchasing system and GUST have offered a Club secretary, Treasurer and PRO to get things back on track, get licence ready and take our place at the starting line.
Wages due to players isn't even in 5 figures.Quote:
Originally Posted by Captain2007
Before you start throwing barbs, at least get your facts right. Have you not a wall somewhere that needs rebuilding?Quote:
Originally Posted by Captain2007
Which raised the central insurance premium for all clubs...Quote:
Originally Posted by WoodquayBoy
Let the **** slinging commence!
(anything to distract people from the issue at hand)
Maybe Galway & Bohs should follow the example of the government and seek foreign assistance !
No thank you. Our CEO has given us enough foreign assistance to last us a lifetime.Quote:
Originally Posted by historynut
Wait. You're blaming 900k of debt on one man? Was there no one else there? No one else involved in the club that saw what was going on?Quote:
Originally Posted by gufcfan
It has nothing got to do with the FAI or how much they're paying Delaney. Moreover, Delaney isn't the one that that checks the accounts is it? No.Quote:
Originally Posted by horton
It is only Galway's fault and theirs alone.