QuoteAnyone seen Ewan McKenna's tweet
I only got 11, but some of us have WAY too much time on our hands ...
Lovely smile, though!
Anyone seen Ewan McKenna's tweet
10
I just don't have enough sadistic hate in me to persist.
Will it ever be revealed by a deep throat insider in the FAI just what was that mysterious strong case the FAI imagined they had against FIFA over a referee mistake ,that had Blatter write out a cheque for Eur5m? Nobody really challenged that crock of sh´t, except our own invincible Danny who in his inimitable style took it apart, surgically.
Should the FAI not return it? It's tainted.
This is it here I presume?Originally Posted by paul_oshea
Looks like still a bit more dirt to come, which is good.
Never mind all that lads, any uppers on my top scoring 16 tennis balls ? Is the title mine ? Happy to screenshot it.
What's the prize, Delaney's lost shoe from euro 2012?
More from MacKenna.
There are breaches of corporate governance, of Companies Law, of revenue rules, and according to accountancy he was either paid back 200k or is owed another 100k.
What does "according to accountancy" mean?
That tweet sounds a little bit like a journalist who doesn't know much about accountancy. (And that's most journalists, in my experience)
I am unsure where he would be able to see the accounts line by line to be able tell that? You don't get fully audited accounts, you just see final accounts publicly available. THat term makes no sense,perhaps he has someone doing it for him.
With tets on that i dont read his pieces anymore hes so annoying.
I'm a bloke,I'm an ocker
And I really love your knockers,I'm a labourer by day,
I **** up all me pay,Watching footy on TV,
Just feed me more VB,Just pour my beer,And get my smokes, And go away
Yes he has turned into a right grumpy old fart recently, whats up with that? (albeit his tweet on JD was good)
His full article has been published now, and unfortunately it (to me at least) just confirms that McKenna isn't really au fait with accountancy speak.
This is technically correct - but there's no indication Delaney actually produced an invoice. All that happened was that there was a remittance saying it was paying an invoice. But I would say it's more likely this was just a convenient way of getting the amount into a payment run to pay him back - so the "invoice" and the loan received are the same thing.In April of 2017, John Delaney says he loaned his employer €100,000. The way this works in bookkeeping is the FAI would debit their bank account as they received money, and they credit a loan account for money they owe to that person or institution. As the Sunday Times reported, an invoice was then received and a remittance issued in July of 2017. However when someone produces an invoice, that's not a loan, and the double entry in that case is you debit an expense and credit a creditor's ledger account. At that point he's now owed €200,000.
This wouldn't necessarily change the fundamentals of the transaction, or its tax status.
The bit about BIK is much more interesting - Delaney did pay it, but in his own tax return rather than going through wages. If that's the case, then the FAI have a potential employer's PRSI liability. That might give the Revenue grounds to say they want to come in and do an Aspect Query. This would be them saying something like "We have seen it reported in the media that BIK is incorrectly accounted for. Please provide details of how BIK was accounted for, including sample payslips. Please note this is not a Revenue Audit; however, we reserve the right to expand our scope if further matters come to light".
I don't know though if Revenue could use a media report as an excuse to make formal contact with the FAI
Delaney saying today that the reason the FAI had to create a new "Vice Executive" position for him, in parallel to the existing CEO position, was because he was overworked.
This guy is even more brazen than Bertie Ahern.
https://www.irishtimes.com/sport/soc...nths-1.3848024
So did Dundalk's Europa league monies keep the FAI afloat from a Cashflow perspective during 2017?
In this case, I think that Dundalk were happy to leave the money with the FAI, and 'draw down' as needed, which is what happened. It's not like Dundalk wanted the money but the FAI wouldn't release it.
I don't buy that tbh.
Routine issues regarding pay-outs? If I were a LOI club id be getting my prize money ASAP. Better it sitting in my clubs bank A/c - not the FAI's.Rumours, and in some cases actual complaints, regarding the late payment of funds intended for clubs but initially paid out by Uefa to the FAI, are fairly routine. They are not confined to prize money.
In any case regarding my original query given the following :
a) the 100k loan
b) The asking of Sport Ireland of funding ahead of time and now
c) numerous accounts of withholding prizemoney
- is the FAI teetering on the brink of bankruptcy ?
Last edited by Real ale Madrid; 03/04/2019 at 4:00 PM.
It's always darkest just before the dawn
Aren't the FAI due to be debt-free by 2020?
https://www.independent.ie/sport/soc...-37159694.html
From the Indo:
https://www.independent.ie/sport/soc...-37978067.htmlWell-placed sources have indicated that Dundalk received close to €3m in the final months of 2016 with the substantial balance to be settled in 2017.
It is understood that Dundalk's then owners - businessmen Andy Connolly and Paul Brown - were keen on an arrangement where the FAI would hold onto the European money and then release it upon request in the form of staggered payments.
According to one FAI source, they "got the money when they asked for it." This claim is not disputed by Dundalk insiders with a knowledge of the relationship.
i think i read that the 2020 debt free status is a fudge as its based on getting up front large amounts of tv and sponsorship money
Last edited by jbyrne; 03/04/2019 at 6:51 PM.
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