QuoteDelaney's taken a break, gone outside for a fag and a fart.
Just who is this FAI employee called Internal Affairs who signed off on the false FAI statement" that the board were kept fully informed"?
Delaney's taken a break, gone outside for a fag and a fart.
The obvious question is who were the FAI's "trade creditors"? It does sound like itd be clubs owed UEFA money, but trade creditors ran into millions in the accounts. I can't understand why the FAI would have so much outsanding to trade creditors. That's what I'd expect in retail or manufacturing.Originally Posted by geysir
Creditors would include the bank loan, no?
Delaney talking about outstanding cheques and bank transfers - bank transfers are basically instant. You don't have outstanding transfers; there's money there or there isn't. And you certainly don't lodge a cheque to fix the problem
Then Conway denying insolvency because they've made a profit the last nine years. You can make a profit and still be incident - if, say, you have a huge loan to repay.
It's fun watching Delaney squirm, but what's the possible outcomes here?
That wasn't fair, he went outside to help an old lady cross the road, then drive three 4 year olds to a football training session, followed by inspiring speech to 4 elderly homeless people to get them involved in homeless football, before making it back to the face the drudgery of these tedious ingrates, just how dare they impugn Delaney's honour.
Trade Creditors would be different to bank creditors. A trade creditor is typically another firm (non-bank) from whom you have bought goods or services on credit. When I saw Mark Tighe's first articles I was genuinely surprised that the FAI would have any trade creditors, but UEFA money due to Dundalk would probably be such an item. Maybe payment due for anything related to fixed assets they own at Abbotstown would be another.
Gabby O'Keefe nearly asked a question there, about why not extend the overdraft temporarily instead of all those shenanigans?
Perhaps Delaney will fall on his sword if the furor continues on the basis of things discussed today - and the funding thing of course - but I have a feeling the storm will pass sooner rather than later.
Edit: Conway says the "independent" reviews are paid for by the FAI and the scope is set by the board. Waste of time.
Last edited by NeverFeltBetter; 10/04/2019 at 12:12 PM.
Author of Never Felt Better (History, Film Reviews).
Asked, who decided to hire the accountants?
answer - We were advised by advisors.
Delaney says he hopes UEFA will run an online channel to promote LOI?
Author of Never Felt Better (History, Film Reviews).
Yes and he let it be known he cares about the LOI because in his words, he's from a LOI background.
I hadn't realised before the enormous scale of Delaney's narcissism
Most of those politicians are wafflers, would they ever stop the flow of guff and ask the fcking questiion.
Mark? the smiley suited gobs, has talked gibberish nonstop for his 10 minutes. Not one question.
I know that; I am an accountant.
It's a common mistake to make though - maybe Tighe could have made it? Journalists most certainly aren't accountants.
The FAI would have creditors though. Utilities, consultancy report writers, cleaners, programme printers, security, etc, etc - the same stuff that any company would have.
UEFA funds due to Dundalk shouldn't really be a trade creditor; that would be more like a client/interco account.
Senator Mark Daly praises Delaney for a few minutes, then complains about womens football being underfunded, directing it exclusively at interim CEO Rea Walshe. Coppinger quips that Fianna Fail could do with the similar equality.
Author of Never Felt Better (History, Film Reviews).
They are talking about... how... to... implement... the... Genesis Report.
Ah feck, they are stopping for lunch. Was looking forward to a bit of Healy-Rae antics.
I don't think so - he simply quoted the accounts.I know that; I am an accountant.
It's a common mistake to make though - maybe Tighe could have made it? Journalists most certainly aren't accountants.
The FAI would have creditors though. Utilities, consultancy report writers, cleaners, programme printers, security, etc, etc - the same stuff that any company would have.
UEFA funds due to Dundalk shouldn't really be a trade creditor; that would be more like a client/interco account.
17 years later and we're still talking about hotel arrangements in 2002.
Author of Never Felt Better (History, Film Reviews).
Yeah, the real question is whether anything will arise that makes his position utterly untenable.
Or will he squirm, get through it, and still be there after the committee have pated themselves on the back and the fuss has died down.
Hopefully, with so many people who have been waiting for this for a long time, the knives will really be out for him.
You'd be surprised what mistakes journalists would make when reading accounts!
But they still would have trade creditors. What level is another question.
And let's be honest here - the whole story is nonsense. The Director of Finance would not suddenly make the CEO aware that the company was hours away from bouncing payments. The report they were looking at would not include outstanding bank transfers (there's no such thing - a transfer is either made or not made). And you don't write a cheque to cover a cashflow issue you have hours to address and then not lodge it until the following day.
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