QuoteJohn Delaney was on the TV3 News last night pouring cold water on the rumours that the FAI were thinking of pulling out of the Lansdowne deal.
If this article is correct then the FAI will have sell 10,000 ten year tickets at 9,000 euros a pop. And fairly soon. Not going to happen in this current climate. A spokesman for the FAI said it was "assessing options". Not good.Originally Posted by Jinxy
Last edited by Noelys Guitar; 30/06/2008 at 12:28 AM.
John Delaney was on the TV3 News last night pouring cold water on the rumours that the FAI were thinking of pulling out of the Lansdowne deal.
Forget about the performance or entertainment. It's only the result that matters.
I believe the FAI have cash reserves at the moment of c 30m, they could also borrow 30m leaving just 30m required from box and premium level sales. You will probably see 5,000 tickets sold off for 6k per ticket, a much more realisitc number and a certain number of boxes. The rest will be sold on a match by match or tournament basis as per demand.
Fair Play died Nov 18th 2009, Stade Francais.
The old lady is rising, phoenix like from the ashes.I really can't wait to get back.Croker will never be a home fixture
Great. Another three-sided stadium.
Are you having a laugh!!! More atmosphere at Croker than has been at Lansdowne for years...what's wrong do you get a nose bleed when you visit the Northside or a bit envious that the GAA have a real stadium?The old lady is rising, phoenix like from the ashes.I really can't wait to get back.Croker will never be a home fixture
You must be at different games than I have been at Croker, athmosphere has been crap at most, probably because its a northside GAA stadium
Fantastic stadium but too big for a soccer pitch, crowd are too far away.
Fair Play died Nov 18th 2009, Stade Francais.
Yeah atmosphere has been **** at Croke Park. Would not blame it all on the stadium, its our fault too.
In Trap we trust
According to the Sunday Indo Landsdowne is not going to happen.
http://www.independent.ie/national-n...m-1436182.html
It doesnt say Landsowne won't happen, it qurstions the FAI's ability to pay it's share and suggests they are about 50m short. If they sell 10,000 corporate tickets at 5,000 that gives them 50m. They were looking for 12,000 pere ticket which wonlt happen but with corporate boxes and premium level seats they should raise a minimum of 30m leaving 20m to be borrowed.
IF the FAI do not come up with the money as has been previously said, the IRFU have the assets to finish the stadium and will do so leaving the FAI as tennants, which is no worse than the FAI have been before construction started.
Fair Play died Nov 18th 2009, Stade Francais.
You must be reading a different article from me. Here is the opening paragraph.
THE redevelopment of Lansdowne Road appeared last night to be in jeopardy, as a major cash crisis emerged in the Football Association of Ireland (FAI).
Renting fom the IRFU leads us back to square one (thats assuming the IRFU have the funds to complete the stadium). Crap pitches. Dates defined by the IRFU. And no home of our own.
There was a depressing inevitability to reports emerging that the FAI are struggling to meet their end of the bargain.
The article attributes quotes to a source that is still insistent that they could "write the cheque tomorrow" however.
The Government aren't going to bail them out - the taps are being firmly shut off there.
Quoting years at random since 1975
who ever pays for a stadium upfront with cash? they will borrow a part of the money and pay it off over many yrs like croke park did. there is absolutely no way that the redevelopment will be allowed fall through. even just staging something like the uefa cup final or part hosting the rwc would have a huge benefit to the country in financial terms
i was looking forward to our games in cp but id agree the atmosphere is far worse than lansdowne. the large number of part time fans in attendance just looking to be entertained, the carlsberg band, pop music after goals, the corny pa, the distance from the pitch and our poor form have all contributed to this
The article was a disgrace.
If you read the facts it says the FAI have only 21 million i nthe bank and are earning 4 million a year. That is before a single corporate box or seat is sold and before the naming rights are sold. That is hardly a big risk for a mortgage is it?
Can the IRFU pay up front for the stadium?
The GAA took out a loan for the bit of Croke Park too that didn't come out of the public money.
It's one of the largest, most public building developments in Dublin city at the moment; of course it's going to attract all sorts of muck-raking by journalists out for the latest "scoop". As people have mentioned, loans have been taken out to cover the costs & it'll go ahead, one way or the other. Recession or no recession, sport remains popular throughout & the FAI / IRFU should have no trouble keep their finances in check.
Besides, the Indo is a rag pretending to be an established paper anyway, who pays the slightest bit of attention to it?
Have to agree with all the above, the piece in the Indo was a disgrace. As above if the FAI cant sell all the ten year tickets it can take a loan for the balance.
Also Ireland have had only one real home international this year bringing in money. They will make some nice money from the World Cup Qualifiers next year which will boost the FAI bank balance. None of that is included in the Indos piece. Plus if Ireland qualified for the World Cup in South Africa that would go a long way to making up the shortfall.
Newtown Celtic FC RIP (1992-2007)
Appears to be and are are completely different.
According to the article The FAI have 21m of the 74m required. (28%)
They have not sold a single corporate box or premium level seat.
10,000 seats @ 5,300 will clear the shortfall. They were going to the market at 12,000 and giving a sales company 25% which was a non runner.
At 5,300 or 530per annum or approx 100 per match there should be a good demand. This kind of realistic price is achievable.
The article doesn go into any real detail and just quotes the fact that there is a shortfall of 53m, ignoring the natrual income streams a new stadium has. Childish jounalism in my humble opinion.
Fair Play died Nov 18th 2009, Stade Francais.
The first mistake ye made was to rad the Sunday Independent. It is laughable to suggest this will not be completed. Worst case scenario the FAI take out a mortgage on a portion of the stadium & pay it off from the massive increase in money they will get from new stadium.
It's more than that though. A long term football fan said something to me last Tuesday that really hit home. "Rugby and GAA have their cheerleaders i nthis country that see no wrong in their sports and fair enough. All football has is knockers."
There is no way such and article would have been allowed about the IRFU and the GAA.
Do you think any business would allow such an article to go unpunished? Even a business in a far worse state than the FAI would have the solicitor's letter off to O'Reilly last night.
If you take time to read the article it is laughable that an organisation with 20 million in the bank and earning 4 million a year profit couldn't pay 74 million for a piece of property.
There are plenty of stories about how bad things are in our league. This in a week where our sides played 4 european games winning 3 and drawing 1.
I'd agree but it would also be foolhardy of JD to get involved in litigation which could cost the FAI a lot of money even if they were to win.
Better to stick to getting the stadium up and running and then having a laugh at the crap written.
Fair Play died Nov 18th 2009, Stade Francais.
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