Drogs seek examinership

[Louth4sam]

Show me a piece of paper showing Dundalk do not owe the revenue a single cent?

Why should we? Your the one making the claim, its up to you to prove it or retract.

No Unsubstantiated Rumours
There's too many "I heards" and "someone saids" on football sites, which is often damaging to the clubs and people involved. There's plenty of news sites out there, plenty of people in authority willing to be quoted, plenty of mobile phones with cameras, plenty of sites where pictures and videos can be posted. So there's no excuse for posting rumour and innuendo any more, and every opportunity to make the news yourself. Take a photo or a video, ask someone for a quote, or post a scan or a link to a news article. Alternatively, keep your mouth shut on Foot.ie, or you'll be out on your ear.

Sure you couldn't pay your players last year.

More lies Celdrog,
http://www.dundalkfc.com/News/080319_GerryMatthews.asp

So there is proof that we could in fact pay our players. So your telling more lies.

[Celdrog]

More lies Celdrog,
http://www.dundalkfc.com/News/080319_GerryMatthews.asp

Won't open for me.
http://www.independent.ie/sport/socc...f-1324083.html
Sure it was a misunderstanding .....As was only 4 years ago.

Only point I'm making is just make sure you are not in the glass house. I'm not trying to deflect attention away from us or condon what we did(or well, didn't do). A few Drogs laughed at Cork when they went into examinership, egg on face time now.

[jinxy lilywhite]

Won't open for me.
http://www.independent.ie/sport/socc...f-1324083.html
Sure it was a misunderstanding .....As was only 4 years ago.

Only point I'm making is just make sure you are not in the glass house. I'm not trying to deflect attention away from us or condon what we did(or well, didn't do). A few Drogs laughed at Cork when they went into examinership, egg on face time now.

It was a misunderstanding Celdrog between the players and Management over their first pay date. Should of been nipped in the bud until McGuinness stuck his two cents in. A storm in a tea cup was all it was.

While I don't claim to know inside knowledge of our clubs financial situation I am of the impression that no news is good news where our club is concerned and you where quite unfair in your accusation of our chairman and our board, who have made sure that our club lives within its means and don't threathen its long term objective of serving the community of Dundalk for short term gains.

While you brought the debacle that we had 4 years ago you must agree that we are a completely different now from what we where. I think you can credit our chairman with that

[Celdrog]

While you brought the debacle that we had 4 years ago you must agree that we are a completely different now from what we where. I think you can credit our chairman with that

Would agree totally with that. Gerry Matthews has been very good for Dundalk.

We had a bigger debacle five years ago, Vincent Hoey came in (again) and turned it around. Didn't work out though.

[SMorgan]

Celdrog

Its been said that Hoey, Byrne and O'Connor invested €12m or €8m (depending on who you listen to) over 4 years.

Surely to goodness the three guys could reasonably be expected to pay off the 500k that is owed to the Revenue. Thats approximately 5% of what is claimed to have been invested. Why won't they do that given their previous investment and given the fact that they over-looked the payments.

I think Drogs fans are being too grateful for their own good.

[WindmillWarrior]

Celdrog

Its been said that Hoey, Byrne and O'Connor invested €12m or €8m (depending on who you listen to) over 4 years.

Surely to goodness the three guys could reasonably be expected to pay off the 500k that is owed to the Revenue. Thats approximately 5% of what is claimed to have been invested. Why won't they do that given their previous investment and given the fact that they over-looked the payments.

I think Drogs fans are being too grateful for their own good.

I'd agree with that. Seems almost a bit too simple though doesn't it! I think thats maybe why some Drogs fans seem a bit easy going about the whole debacle. The thinking being that the 3 lads maybe still have something up their sleeve! But as always the info coming from the club is pathetic, leaving the fans in limbo - some thinking its a good idea to get active now and get a trust going, others not so sure.

[White Horse]

I'd agree with that. Seems almost a bit too simple though doesn't it! I think thats maybe why some Drogs fans seem a bit easy going about the whole debacle. The thinking being that the 3 lads maybe still have something up their sleeve! But as always the info coming from the club is pathetic, leaving the fans in limbo - some thinking its a good idea to get active now and get a trust going, others not so sure.

The question remains as to whether the "3 lads" invested their own money or money they had borrowed. There could be a long chain that leads back to the banks.

[seand]

I'd agree with that. Seems almost a bit too simple though doesn't it! I think thats maybe why some Drogs fans seem a bit easy going about the whole debacle. The thinking being that the 3 lads maybe still have something up their sleeve! But as always the info coming from the club is pathetic, leaving the fans in limbo - some thinking its a good idea to get active now and get a trust going, others not so sure.

How could it possibly be a bad idea to get a Trust going? If things go tits up you might be in a position to save the club, if ultimately the Trust isn't needed you'll have a bit of cash to investin the club/give to the club. Seriously, now is the time to get active.

[Dodge]

http://www.irishtimes.com/newspaper/...625124602.html

Revenue set to oppose McCarthy

THE Revenue Commissioners will this morning oppose the confirmation of Kieran McCarthy's appointment as examiner to Hinge Trading Limited, effectively Drogheda United, claiming that the company has little chance of survival, reports Emmet Malone .

McCarthy is due to report at the hearing on his work since being appointed on an interim basis last week and it is expected that he will reveal that there hav been two significant expressions of interest in the club.

----

More trouble for Drogheda

[John83]

Wow. It says a lot when even the revenue want you gone.

[Dodge]

In fairness Revenue were annoyed when Rovers "got away" with paying so little, and opposed the examiner's recommendation on the Cork settlement so now they're trying to stop it even getting that far...

[Longfordian]

The Revenue are probably the worst people to owe money to but generally the courts will give a business, especially a football club, every chance they realistically can to get themselves out of it. I'd still expect the examiner to be appointed.

[charliesboots]

Examiner was appointed this morning despite objection from the revenue.

[pete]

Aside from the Revenue Commissioners who do Drogs owe money to?

All the creditors we had were all linked to the club which is why I feel they were willing to wait for their cash. Hummel, Pubs, MFA etc... all of which would benefit from CCFC existence & indirect business from fans. The type of creditor you have I think has a big impact on what they are willing to accept.

The Drogs situation confuses me as clearly they have the money to pay the Examiner in the short term whose fee could be 1/3 of all the debts.

[bohs til i die]

Aside from the Revenue Commissioners who do Drogs owe money to?

All the creditors we had were all linked to the club which is why I feel they were willing to wait for their cash. Hummel, Pubs, MFA etc... all of which would benefit from CCFC existence & indirect business from fans. The type of creditor you have I think has a big impact on what they are willing to accept.

The Drogs situation confuses me as clearly they have the money to pay the Examiner in the short term whose fee could be 1/3 of all the debts.

They owe Bohs nearly 10k for renting Dalymount during the summer for their CL games

[Dodge]

was that not wiped off when you kept the money from the ticket sales recently?

[Macy]

was that not wiped off when you kept the money from the ticket sales recently?

Yeah, I thought that was why Drogs wouldn't give Bohs tickets to sell, but eventually it was agreed to send €8k (or some other value) worth of tickets as settlement?

[sligored]

Aside from the Revenue Commissioners who do Drogs owe money to?

All the creditors we had were all linked to the club which is why I feel they were willing to wait for their cash. Hummel, Pubs, MFA etc... all of which would benefit from CCFC existence & indirect business from fans. The type of creditor you have I think has a big impact on what they are willing to accept.

The Drogs situation confuses me as clearly they have the money to pay the Examiner in the short term whose fee could be 1/3 of all the debts.

they still owe sligo rovers 50% of fazs transfer fee.

[blackholesun]

>they still owe sligo rovers 50% of fazs transfer fee.

Debts seem to be scattered through the league, doesnt look good!

Have to say that the Drogs situation looks to be way worse than Cork or Rovers ever was. Id expect to NewDrogs09 FC in the first division or A league next season at best at this stage.

bhs

[pineapple stu]

now they're trying to stop it even getting that far...

Agree. Think it's pointing to them fighting tooth and nail in this case too, especially with no cushy sell-on clauses available. All of which leads to bhs' conclusion...

And all for want of half a million when 8m has already been pumped in. Seems ridiculous.