Waterford winding up order

[deiseach]

From what I can see, the Blues have adopted a cut-your-cloth-to-measure mentality over the last two seasons. The situations with Stephen Henderson and Gary Dunphy, while conceivably caused by poor administration, are not symptomatic of day-to-day profligacy.

[Dodge]

From what I can see, the Blues have adopted a cut-your-cloth-to-measure mentality over the last two seasons. The situations with Stephen Henderson and Gary Dunphy, while conceivably caused by poor administration, are not symptomatic of day-to-day profligacy.

Last year they had Gary Dempsey on their books and he wasn't doing it for expenses.

[deiseach]

Last year they had Gary Dempsey on their books and he wasn't doing it for expenses.

I didn't say no one was being paid. I said they've cut their cloth to measure, i.e. they only pay what they can afford.

[Dodge]

I didn't say no one was being paid. I said they've cut their cloth to measure, i.e. they only pay what they can afford.

Except the money they owed to hospitals, former managers etc?

[gormacha]

I didn't say no one was being paid. I said they've cut their cloth to measure, i.e. they only pay what they can afford.

That's my reading of it as well. I would have a lot of sympathy with the view these two specific issues appear to have been poorly handled, but the day-to-day finances have been prudently managed.

The club has not overspent in recent years. In fact, that's played a large part in why we've been down in the FD for so long. Before these exceptional items came along, I would have argued we were a model of sustainability. The very sad part, from our point of view, is that this prudence now largely counts for nought, as the monies owed to Stephen Henderson in particular have overtaken matters.

[gormacha]

Except the money they owed to hospitals, former managers etc?

My posts elsewhere will I hope point out what I feel on these issues, but there is a difference between monies owed that arise out of an unplanned dispute (and therefore wouldn't form part of your budgeting) and wilful, planned, unsustainable overspending on, for example, players.

[deiseach]

Except the money they owed to hospitals, former managers etc?

They're hardly day-to-day expenses, are they? I'm not saying the club doesn't owe the money and shouldn't pay out. But if someone is on minimum wage and meeting their regular bills only to find out their child needs expensive dentist work that they can't afford, you wouldn't accuse them of being reckless. Or maybe you would.

[White Horse]

My posts elsewhere will I hope point out what I feel on these issues, but there is a difference between monies owed that arise out of an unplanned dispute (and therefore wouldn't form part of your budgeting) and wilful, planned, unsustainable overspending on, for example, players.

I wouldn't call paying a manager his contractual wages or paying medical expenses as anything other than day to day expenses that should be budgeted.

[Dodge]

They're hardly day-to-day expenses, are they? I'm not saying the club doesn't owe the money and shouldn't pay out. But if someone is on minimum wage and meeting their regular bills only to find out their child needs expensive dentist work that they can't afford, you wouldn't accuse them of being reckless. Or maybe you would.

The players signed on professional terms aren't starving children. Waterford knew the money was outstanding for the past couple of years and continued to ignore it, and use the money to spend on players instead.

[deiseach]

The players signed on professional terms aren't starving children. Waterford knew the money was outstanding for the past couple of years and continued to ignore it, and use the money to spend on players instead.

The disputes with Stephen Henderson and Gary Dunphy were only concluded in the last six months. Maybe you think that the club should have kept sums which amount to a multiple of annual turnover in the bank in case they lost these cases. If you believe that, fine. I don't think that's reasonable but we can agree to differ. I don't see any megabucks deals being done this season with the current squad that prevented them settling with either party and given the numbers who have gone through the turnstiles at the RSC this season, that's just as well.

Now before anyone says it, I don't think the club should kicked the can down the road as they seem to have done with Stephen Henderson. They should have sat down with him and said that come the next friendly payday they'd be able to see him right. They seem to have hoped the problem would just go away, which was foolish and wrong.

[Dodge]

They seem to have hoped the problem would just go away, which was foolish and wrong.

That's the exact opposit of prudence, and precisely the reason for me posting above

[deiseach]

That's the exact opposit of prudence, and precisely the reason for me posting above

But they're not frittering money away on expensive professional contracts. How much money do you think Waterford United have chosen to "spend on players instead" this season?

[bullit]

deisach.
Will United be sticking with the current managment structure do you reckon?
Genuine question.

[Dodge]

But they're not frittering money away on expensive professional contracts. How much money do you think Waterford United have chosen to "spend on players instead" this season?

Too much. Only 2 weeks ago they got the local lad in on loan from Dundee United. You think that costs nothing?

[gormacha]

The players signed on professional terms aren't starving children. Waterford knew the money was outstanding for the past couple of years and continued to ignore it, and use the money to spend on players instead.

That's inaccurate. Both issues were in dispute until the turn of this year.

No club in the country would be in the position to make provision for the money that the awards ended up costing.

I'm not arguing they were in the right, nor am I suggesting they shouldn't pay.

[deiseach]

deisach.
Will United be sticking with the current managment structure do you reckon?
Genuine question.

Yes, I think they will.

[deiseach]

Too much. Only 2 weeks ago they got the local lad in on loan from Dundee United. You think that costs nothing?

I don't think it costs a lot. Your position, on the other hand, seems to be that Waterford United should spend zero on wages because they owe money to a third party. If Stephen Henderson is going to be paid using the money saved from the current wage bill, he's going to be old and grey(er) before he sees it all.

[gormacha]

Yes, I think they will.

I wonder will they need some kind of agreement from the FAI to do that? I'm not sure, but I can't imagine that David Breen has the required badges?

[deiseach]

I wonder will they need some kind of agreement from the FAI to do that? I'm not sure, but I can't imagine that David Breen has the required badges?

They're certainly not going to be getting in an expensive manager!

[bullit]

Is Breen doing his badges ATM? I think if you're currently a coach on a course for a full FAI Coaching badge then you can be appointed manager ala Darius for DundalkFC last year.