FAI finances

[Eminence Grise]

Assuming you quoted McCaul's biog in the same sequence as its source, Stutts, I'm a bit worried that whoever wrote it thought that mentioning his brother's kids sang in the Eurovision was worth putting before his vision for the game in Ireland... Priorities, huh?

[Alf Honn]

Assuming you quoted McCaul's biog in the same sequence as its source, Stutts, I'm a bit worried that whoever wrote it thought that mentioning his brother's kids sang in the Eurovision was worth putting before his vision for the game in Ireland... Priorities, huh?

Remember the time when it was the FAI president who spoke on behalf of the FAI? Milo Corcoran, Pat Quigley etc. That's still the case in the GAA but not in FAI.

Delaney told the Sunday Independent that he's the voice of the FAI now. Due to his mismanagement, the FAI is a financial trainwreck and it seems there's a conflict of interest in him telling the world how rosy everything is when the evidence shows the opposite case.

Don't think I've ever heard Paddy McCaul's voice on tele or radio!

Wouldn't it be interesting to have his take on the CEO's tomfoolery in Poland? Or even the 400k salary? Or any views on serious challenges facing the FAI based upon the latest accounts.

Perhaps there could be a petition here to try get a Q&A with the President.

[Stuttgart88]

That'd be very interesting.

JD says that he'd answer about his socialising to the Board of Management if asked.

More salary benchmarking here:

http://www.independent.ie/sport/socc...s-3160384.html

[Junior]

I 'like' the response on the Grants to member clubs and leagues. Massaging of the numbers would be a polite way of putting it!


From the Times...

The accounts also show that the FAI cut the grant aid paid to soccer clubs and leagues around the State by €377,000 last year due largely to the spiralling costs of servicing its debts from the redevelopment of the Aviva Stadium.....

......This resulted in the grant aid paid to affiliates being reduced to just over €1 million last year from €1.4 million in 2010.


From the Independent..

Meanwhile, the FAI last night denied it had cut grants to clubs and leagues by €377,000 in 2011. This figure was contained in an Irish Times report which said it had obtained a copy of the association's accounts to be presented to the AGM on July 21.......

.......No comment was forthcoming from the FAI on the salary amounts mentioned, but a brief statement refuted the notion that grants had been reduced in 2011, stating: "The FAI has not cut club grants by €377,000 between 2011 and 2010.

"In reality, the grants paid out amounted to €1.2m in both 2010 and 2011 and this can be vouched by the independent auditors.

"Under the relevant line item (development and operating grants to affiliates), the accounts show a lower amount in 2011 due to an accrual or over provision reported in the 2010 accounts which was actually paid out to clubs and leagues in 2011. This can also be vouched by the independent auditors."


To 'over provide' in 2010 by €0.2m (17% of the €1.2m payment) seems excessive and for it to be signed off by the auditors a little bizarre. For the auditors to sign off on a €1.4m cost in 2010 I would suggest that was the true cost of grants in 2010 that had been presented to them by the FAI Finance team (whether that money had actually been passed down at that point is largely irrelevant and simply down to timing of cash exchanging hands).

As we move on to 2011 and the FAI realise they dont have the cash to meet a similar €1.4m commitment for grants in 2010 they simply hand over less money (cut grants) and release the 'over accrual' from 2010.

Either way something is amiss imo. Either 2010 accounts were misleading to suggest €1.4m of grants were being handed down to member clubs or the explanation for the 2011 reduction is also misleading (quite materially imo).

[A N Mouse]

I 'like' the response on the Grants to member clubs and leagues. Massaging of the numbers would be a polite way of putting it!


From the Times...

The accounts also show that the FAI cut the grant aid paid to soccer clubs and leagues around the State by €377,000 last year due largely to the spiralling costs of servicing its debts from the redevelopment of the Aviva Stadium.....

......This resulted in the grant aid paid to affiliates being reduced to just over €1 million last year from €1.4 million in 2010.


From the Independent..

Meanwhile, the FAI last night denied it had cut grants to clubs and leagues by €377,000 in 2011. This figure was contained in an Irish Times report which said it had obtained a copy of the association's accounts to be presented to the AGM on July 21.......

.......No comment was forthcoming from the FAI on the salary amounts mentioned, but a brief statement refuted the notion that grants had been reduced in 2011, stating: "The FAI has not cut club grants by €377,000 between 2011 and 2010.

"In reality, the grants paid out amounted to €1.2m in both 2010 and 2011 and this can be vouched by the independent auditors.

"Under the relevant line item (development and operating grants to affiliates), the accounts show a lower amount in 2011 due to an accrual or over provision reported in the 2010 accounts which was actually paid out to clubs and leagues in 2011. This can also be vouched by the independent auditors."


To 'over provide' in 2010 by €0.2m (17% of the €1.2m payment) seems excessive and for it to be signed off by the auditors a little bizarre. For the auditors to sign off on a €1.4m cost in 2010 I would suggest that was the true cost of grants in 2010 that had been presented to them by the FAI Finance team (whether that money had actually been passed down at that point is largely irrelevant and simply down to timing of cash exchanging hands).

As we move on to 2011 and the FAI realise they dont have the cash to meet a similar €1.4m commitment for grants in 2010 they simply hand over less money (cut grants) and release the 'over accrual' from 2010.

Either way something is amiss imo. Either 2010 accounts were misleading to suggest €1.4m of grants were being handed down to member clubs or the explanation for the 2011 reduction is also misleading (quite materially imo).

So Monaghan didn't overspend this year. They underspent last year?

simples

[Crosby87]

Just for arguments sake what would happen if the FAI could not pay its bills anymore and collapsed? Could there be a situation where Ireland would not field a team?

[Dodge]

Just for arguements sake what would happen if the FAI could not pay its bills anymore and collapsed? Could there be a situation where Ireland would not firled a team?

Yes. If they can't pay their way, the team can't travel etc etc.

Won't happen though

[Junior]

Yes. If they can't pay their way, the team can't travel etc etc.

Won't happen though

Playing devils advocate here but why are you so sure? Because Government intervention would stop it happening? Another footballing body saddled with half the debt the FAI has (though I appreciate completely different operating revenues and expenses) has recently gone under.

At what cost would the FAI continue to field its international team(s) should money become tighter...at the expense of another Monaghan, Dundalk? (i.e. reducing the money going back to the member clubs)

[Charlie Darwin]

The national team is the association's only source of income. They would make cuts in every single area before they sacrificed the national side.

[Dodge]

At what cost would the FAI continue to field its international team(s) should money become tighter...at the expense of another Monaghan, Dundalk? (i.e. reducing the money going back to the member clubs)

As Charlie said the only thing that makes money for the FAI si the senior team, so they'd hold onto that card for as long as possible.

For the record the FAI invest €0 into league clubs as is. 'Prize' money is less than current league affiliation fees.

[Junior]

So out of interest the €1.4m (2010) or €1.0m (2011) is not necessarily going to league clubs as such but more the grassroots / junior leagues etc.. - Correct?

The League, in essence, pays for itself by way of affiliation fees from the participating clubs without any need for subsidy from the FAI? That would be surprising if thats the case.

[Stuttgart88]

That's staggering. The clubs pay more to enter the league than the FAI pays out? That might be OK if there was no sponsor, but there is.

[Junior]

I read that Bohs would earn more by qualifying for the next round in europe over the next week than they would by winning the league. Success in one pre-qualification round of europe delivers a better financial dividend than winning a 30 odd game season championship!!

[paul_oshea]

Id say thats Gross, net would be different after flights and accomodation to Iceland and all the other craic is taken into account.

[Charlie Darwin]

Yeah, it is gross. The €90k (I think) UEFA gives clubs is to cover the expenses of holding and travelling to the games. If the other team decides, for instance, to hold the game on an island or another location only accessible by a chartered flight, the club may end up spending the entire amount just getting to the game. This has happened Bohs a few times, I believe, and Pat's this time around.

[Stuttgart88]

So how does qualifying for yurp or winning the league compare to the weekly wage of an unremarkable footballer like James Milner?

[Charlie Darwin]

Winning the league would probably pay Milner's wages for about 4 or 5 days.

[Junior]

But is it not more to do with an additional home game ticket sales, match day sales, possible tv revenue etc.etc.. I cant find the article now, just this one but it doesnt mention the money side of things http://www.irishtimes.com/newspaper/...319600141.html

I know all that wouldnt add up to much but may be 25k-40k (I guessing here). It would start to make sense then.....

[horton]

On an unrelated note to the above discussion, I heard Mr Delaney was in Coppers monday night.

[Eminence Grise]

On an unrelated note to the above discussion, I heard Mr Delaney was counting Coppers monday night.

Fixed that for you. Times are hard y'know!