Originally Posted by Dodge
well it is when the debts are only 3 times the cost of examinership. If the 250k was used to service debts they could then look at saving money in other areas to reduce the debt further.
I have a feeling that they will hope to get the debt cleared at a cost of maybe 500k (including cost of examinership) because they know a 10 point hit wont really hurt them a lot. Then they will probably try to start with a clean slate next year without going part time. Maybe Im being too cynical here but when that Hoey dude keeps talking about next year like nothing much will change, they hoep to get the new ground etc, it strikes me as suspicious.
Also, they got a licence this year on the back of the new ground being in the pipeline, and know they wont get one next year unless they can produce all sort of sob stories.
In which case, you could well imagine the rich directors paying for examinership to get out of other debts, I suppose.
Though if the lads intend staying on with minimal changes, I can't see how Drogheda can get out of examinership, to be honest.
Wasn't it touch and go that they would even get in to examinership without being wound up?
#NeverStopNotGivingUp
Revenue objected, if that's what you mean. They'll presumably objcet to any non-100% settlement too, and Drogs have no sell-on clauses to butter any deals.
so was the decision made today?
10 point penalty just announced, effective immediately. I'll be up to Sligo next year to watch them in Europe, putting provincial rivarly aside, come on the Bit O Red
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Bring 'Jumbo' Brennan back!
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We're not there yet, seems FAI will help Cork get into Europe if they finish 4th, so hopes of Cork getting European licence improved a bit. We need 4th to guarantee it, hope Pat's win tomorrow and then we'll go to Cork on Friday 2 points clear.
Life without Rovers, it makes no sense...it's a heartache...nothing but a fools game. S.R.F.C.
Unfair if true. No other way of putting it. They didn't stay within the rules and they deserve to sit out their punishment. Can't see eufa allowing this.
Bloody hell. On one hand they're saying clubs have to run themselves properly, on the other they're saying clubs should escape a Euro ban for screwing themselves up.
A clear signal that there will be no further sanctions on CCFC as well for licensing violations.
#NeverStopNotGivingUp
Disgrace if true, if there is such a rule in place then it should be applied to which ever clubs goes into administration or examinership.
Personally I think thought that this is just waffle so not as to scare off any "investors"who might be sniffing around Drogs and wouldnt like to hear that this will also apply to Drogs.
I think Platini's "its the cheats who are winning" quote is telling and I cant see UEFA allowing a fudge of this rule.
bhs
Not sure if it is a story at all, i would be fearful if the FAI were handing out the license but it is UEFA and they seem pretty strict although i hoped the FAI would clarify things by now. They can hardly turn around and say we won't support one of our clubs if they finish in a European place but not sure how much support they could actually give Cork to getting the UEFA license.
Not even the FAI could attempt a fudge of this proportion and if it did come form a FAI official it is fairly disgraceful.
Last edited by Rovers Maniac; 03/11/2008 at 10:04 PM.
Good point.
Going into examinership is a 10 point deduction, only further action that can be taken is the FAI licencing committee not to award a club a licence next year.
Cork have come out of examinership and If they are able to comply with the licence committee requirments to get a prem licence, FAI will grant them one and no further action will be taken( I reckon they will get a prem licence next season)
Drogs have get out of examinership to have a chance of prem licence and then the ground will be a problem as its not prem standard(too early to say but if Drogs get out examinership in a reasonable shape by Dec and agree a ground share they may have a chance to get a prem licence)
Are the 2009 licence application not submitted at this stage,AFAIK the deadline was last week?
Could be a few interesting ones to consider.......
Agreed, at this stage would be amazed if Cork are not in the premier next year but would be surprised if Drogs were.
bhs
Exactly
This would be a disgrace if true.
If Drogs go down and Shels don't get promoted two out of the last three LOI Champions will be playing in the First Divison come next season
Why should they be punished twice for the same cime. They were punished for licensing violations. They got a 10 point deduction.
Anyway, for they way the club has orgainsied itself on and off the filed since their owners left them high and dry, I think that they should get some reward for turning things around.
Its not their fault that the league is so badthat a team with a 10point decution can still qualify for Europe. If they are good enough to qualify on merit then let them. They should not be disqualifed by a technicality off the field that has nothing to do with performances on the field.
Anyway its about time the FAI helped the Eircom League of Ireland clubs out.
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