That would be way beyond odd.
There is a case for loaning an emerging young player out to get first team experience (like Paddy Madden from Bohs to Shels a few years ago or Lorcan Shannon from Shamrock Rovers to Dundalk for the latter part of last season), but rarely will you see an experienced player being signed on a season long contract and then immediately loaned out
This was one of the rare cases - it seems to have been motivated by a changing budget, or at least changing budget prioirities by Pete Mahon at St Pats at that time
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