League Table Changes - Drogs Drop Points

the club will go the way of dublin city while the fans sit around fantasising about a new stadium and denying that hoey has done wrong
wonder how ollie feels knowing that his wages for this week is being thrown down the toilet in a pure gamble where the most possibly gained is 17k of prize money

Is anybody else of the view that Drogheda's entry to administration is a scam of the highest order. In my opinion its all about getting houses built and there was probably no need to go into administration at all. To club and its supporter are being used.

Oh, guess what? Cork won last night. NOW WHO'S LAUGHING!!!!!!! Well done Cork from a very delighted Drogs fan.

Originally Posted by SMorgan

Is anybody else of the view that Drogheda's entry to administration is a scam of the highest order. In my opinion its all about getting houses built and there was probably no need to go into administration at all. To club and its supporter are being used.

It does look like that. It might be me just being cynical but I honestly believe that in some strange way Drogs board are trying to use this examinership to try and force the hand on Meath Couthy Council and the NRA and push ahead with there stadium plans.

If you hear anything Hoey is saying, it nearly all about this Stadium and nothing about getting money together to pay off debts.

But that just might be the cynic in me talking.

5 asterisks in 4 seasons - what a faaaarce

Originally Posted by BulmersKid

It does look like that. It might be me just being cynical but I honestly believe that in some strange way Drogs board are trying to use this examinership to try and force the hand on Meath Couthy Council and the NRA and push ahead with there stadium plans.

If you hear anything Hoey is saying, it nearly all about this Stadium and nothing about getting money together to pay off debts.

But that just might be the cynic in me talking.

Look, you're all incredibly naive if you think anyone in their right mind would pump vast amounts of money into a LOI club without having some chance of recouping at least a portion of it and potentially making some more money out of it. Is there something wrong with that? Do you think our Directors are complete lunatics altogether. Yes, they clearly care hugely about the club and the community aspect of all this BUT none of them have the wherewithall to continue bailing DUFC out without some hope of a return somewhere along the line. I think we're all being very unreasonable if we expect them to do that. THEY ARE BUSINESSMEN that do not have limitless amounts of cash. It's all very well for people on here to sit around advising them how they should be spending their hard-earned money. Get with the programme. They've already lost far too much and they'd be bigger fools if they continued doing that. So, in answer to your question.....of course the examinership is designed to try and force people's hands in MCC or the NRA or wherever. But it's also a vehicle to try and flush out more investment in the club because our directors cannot for their own sakes, financially and health-wise, sustain it any longer.

The NRA don't sound like the kind of people to double bluff though. And I don't think the MCC are in a position to do anything while the NRA objection stands.

Originally Posted by Horus

Look, you're all incredibly naive if you think anyone in their right mind would pump vast amounts of money into a LOI club without having some chance of recouping at least a portion of it and potentially making some more money out of it. Is there something wrong with that? Do you think our Directors are complete lunatics altogether. Yes, they clearly care hugely about the club and the community aspect of all this BUT none of them have the wherewithall to continue bailing DUFC out without some hope of a return somewhere along the line. I think we're all being very unreasonable if we expect them to do that. THEY ARE BUSINESSMEN that do not have limitless amounts of cash. It's all very well for people on here to sit around advising them how they should be spending their hard-earned money. Get with the programme. They've already lost far too much and they'd be bigger fools if they continued doing that. So, in answer to your question.....of course the examinership is designed to try and force people's hands in MCC or the NRA or wherever. But it's also a vehicle to try and flush out more investment in the club because our directors cannot for their own sakes, financially and health-wise, sustain it any longer.

How much of the 12m are they going to recoup? €10 or €15.
In all fairness Drogheda Utd are challenging two state bodies. MCC probably won't buckle to a louth club. The NRA won't buckle either (If they wouldn't back down over the N3 then ye have no hope)

And is it even E12m? The club's accounts don't agree, as I recall. Think it's about E8m there. Bit of Arkaga-like inflation of how much they've put into the club?

Also, they're fighting three state bodies if you include the court-appointed examiner, who will want to see change going forward if he's to let the club continue.

Originally Posted by BulmersKid

It does look like that. It might be me just being cynical but I honestly believe that in some strange way Drogs board are trying to use this examinership to try and force the hand on Meath Couthy Council and the NRA and push ahead with there stadium plans.

If you hear anything Hoey is saying, it nearly all about this Stadium and nothing about getting money together to pay off debts.

But that just might be the cynic in me talking.

That's what I'm reading into this too - political posturing on a huge scale - if the stadium plans are given the green light, then investors & cash will suddenly (re)appear.
Its a hugely dangerous game for him to play, but actually, for the sake of the club & supporters I hope it works.

And if it doesn't?

what boggles me is that here they have a experienced (football clubwise) company striving to save them as a club ,doing his utmost to find a way to proove to a judge that DUFC can be a viable sustainable business,and instead he's running around chasing stadiums,intercounty politics and fantastic appeals and instead of trying to show that they (supporters) have a voice and are willing to step into any void,they are sitting around waiting for soundbites from Hoey and co about possible stadiums and pure bluffs.At what point do people start seeing whats in front of them.
I get what Hoey has done ,and its laudable,but right now he's like a soon to be ex wife.players are not being paid ,clubs on the brink of existance and bills are mounting up and will get worse with seasons end and no revenue,yet all they seem worried about is a new stadium.Drogheda fans need to get real and get organised to at least try to save their club

Originally Posted by pineapple stu

And if it doesn't?

look stu, we finished second bottom (just ahead of st. francis) around 2000. we know what the bad times are like, but, unlike UCD, we now also know what the good times are like.

If you are predicting a future with no LOI football in drogheda, you are mistaken.

That's not really an answer though, is it?

Originally Posted by mr.untitled

look stu, we finished second bottom (just ahead of st. francis) around 2000. we know what the bad times are like, but, unlike UCD, we now also know what the good times are like.

If you are predicting a future with no LOI football in drogheda, you are mistaken.

stu's greatest hope is that everyone in the league is dragged below there level,

My greatest hope is that you pay us what you owe us and stop confusing insolvency with ambition.

Can I just interject by the way to say that the rather unwieldy and contrived headline to this thread is not my original one, but was presumably changed by a mod so as not to have the thread dumped into the Drogs forum. Thank you.