Just as long as they don't use the Cobh model of paying the same players more money just because in a different division.
Does any one know what kind of debts Drogs have & who they owe the money to? In our situation we had faceless owners who reneged on their responsibilities but Drogs have local owners who creditors would not be happy with at all.
I think most of Drogheda's sebts are director loans. not 100% on this
54,321 sold - wws will never die - ***
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Their last accounts (Nov 07) showed them owing E110k to Revenue, E110k to other creditors and E170k in accruals. That's in in terms of debt for Hinge Trading Limited; there may be more in Drogheda United (O2) Limited, which was loaning Hings the money. But it's anyone's guess how much that's grown since, particularly if the two boys have turned off the tap.
Last edited by pineapple stu; 14/10/2008 at 11:37 AM.
We got a Premier Licence for this season so I'd assume we'd be applying for one again for next season. As you say better to struggle in the Premier than the First, assuming we didn't indulge in fantasy budgeting like we have done before. I'd hope the lessons have been learned at this stage.
Went up to Saratoga, where my horse naturally won.
Second that Celdrog. Ciaraa - another hanger-on who Drogs could do without at this time. Laws of libel apply very much to web forums as much as they do to newspapers. Be careful when talking about a subject that you clearly know nothing about except from listening to the usual begrudgers.
So what happened today?
Nothing. 11.00 am tomorrow morning due the Court's heavy workload.
Any chance of heading over and taking a few notes?
John Delaney!! GET OUT!!!
www.ssdg.ie
54,321 sold - wws will never die - ***
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New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
Now that an examiner has been appointed, what next for the club?
A 10 point deduction for the team
Interesting to see if the club's true debt comes out
54,321 sold - wws will never die - ***
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New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
http://www.rte.ie/business/2008/1015/drogheda.htmlOriginally Posted by RTÉ
Surely the curent owners/directors have to walk away.
What will happen now to the current owners of Drogheda do people know ?
John Delaney!! GET OUT!!!
www.ssdg.ie
You really think that the current owners are going to just walk away from the club. Don't be that naive. People like Vincent Hoey don't just give nearly 50 years to a club and then hang up their boots. If you'd seen him standing looking out at the pitch at the end of the Glentoran match on Monday, you'd know that this is one man who lives for Drogheda United and the town.
Well will that pay the bills? The fact is that DUFC owe 732,000, with all but 200,000 owed to the Revenue. Now, drop this smoke screen about a new stadium or how badly done over you've been by meath cc, the nra, doyle, louth cc. The simple fact is that there is no excuse for not paying your taxes and meath cc or the nra is not at fault for that.
he he - yes horus you have me. just a hanger on who drogs could do without. I'll just keep telling myself that everyone involved in the club is 100% drogs fans all their lives (like you no doubt) and they really would never have anything but drogheda uniteds interest at heart and its really down to those nasty meath co co and nra crowd who begrudge us the stadium but if it were the gaa they would bend over backwards etc. etc.
you might be better off on the drogs forum - think you'll find more agreement over there with your views.
also thank you for the kind advice about libel laws. luckily however i know a man that works on fair street I can ask these questions to!![]()
aww poor ollie cahill(hate to see drogs go bust though all the same)
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