AFAIK Derry City only applied for a first division licence.
We won't need the premier licence until next season.![]()
So if you think Bohs are big read this. http://www.astronomy.ie/perpespective.html
54,321 sold - wws will never die - ***
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Nicely hammering my not-that-subtle joke home there peadar
54,321 sold - wws will never die - ***
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Thanks for the clarification Luka. However I know some clubs in the past have only applied for a first division license (presumably in the knowledge they wouldn't achieve a premier license)
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If you can't afford a CPO, you're straight out of the running for a Premier licence.
Shocked that this happened.
On the deflection of blame to the consortium:
There's very straightforward reasons why the consortium will only buy in the case of a premier licence. Why would a businessman, Grey, but 300k into debt of a first division club when there could be a debt free first division club run by one of his partners in the consortium in the league if he didnt. He could then look to invest in that (no guarantees obviously).
It simply wouldnt make business sense to anybody.
The consortium did not force the FAI to make this decision, if the FAI had denied a licence FORAS would have continued with the first division and the 2 lads would have walked away, not overly upset Id imagine.
This decision was the FAI's and the FAI's only.
The extension of that logic is that you've bought promotion for E300k (or E500k or whatever) though.
Why would you put E300k into a company when you could start off debt free?
Its 2 seperate things really.
There's us: FORAS And the 2 businessmen
For us its basically as I outlined on the other thread. a chance to save our club and buy into it.
For them it's a business opportunity. Both are owed money by the club as it stands, if the club is liquidated they stand to lose 250k between them so thats one reason they dont want that to happen.
They also believe a premier team with Europe can trade out of the debt and that they can make the clubs sustainable.
Interesting; thanks.
But they could save the club, be relegated and still be owed the money. What's the harm in that?
Are Cork allowed play in Europe this year? (Genuinely have no idea)
You'll forgive my scepticism over the idea that the investors think the club can become profitable and trade out of debt. Rarely a good phrase to hear from outside investors.
Slightly disengenious there. By informing the FAI that they'd only be willing to save the club if a premier license is obtained, they, at the very least, tried to influence the decision
That the FAI fell for it shouldn't absolve the proposed new owners from the charges being levelled at them today. Some of the same charges which FORAS and others levelled at TNB...
As for European football, that is by no means a foregone conclusion if a premier license is obtained. UEFA have far stricter financial criteria than the FAI
54,321 sold - wws will never die - ***
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Smaller gates and income means longer to trade out of the debt. Very difficult division to get promoted out of too.
And the other option is on the table of the debt free club in the same division
Ive no idea either tbh
In fairness to them, they mean over a long period of time and it would be a max of 200k debt according to the deal. One of them has made it clear he'd be willing to sell his shares to recoup his money so thats whats in it for him. Again harder to do with a first division club
Theyre not talking in terms of making loads of money or anything.
Of course I understand the skepticism but I also understand where the 2 lads are coming from.
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