QuoteUEFA usually pay to national fa first, then they distrbute to clubs, once that's in the DFC account, nothing stopping P6 taking it out or at least accessing it.
Why would the UEFA money go to P6?
It would go to Dundalk surely? P6 may own Dundalk, but that doesn't mean they would get paid the UEFA money. Dundalk FC is a separate legal entity.
UEFA usually pay to national fa first, then they distrbute to clubs, once that's in the DFC account, nothing stopping P6 taking it out or at least accessing it.
#DundalkFC - First Irish club to win an away game in Europe (1963), first Irish club to win points in a group stage in Europe (2016).
Well that's not what you said originally.
And taking money out of Dundalk is the exact opposite of investing in the club, so I still would question your suggestion that "P6 can easily absorb this". They don't seem to be putting anything into the club. (Which is their right, of course)
If the principle applies at lower levels, why not also at higher levels (where the demands are correspondingly higher)?Originally Posted by sbgawa
If a club was appointing someone to another technical position eg a Director of Finance, they might already have a highly experienced candidate in their Accounts Dept, who is a whizz at reading a balance sheet etc, but would you really appoint him/her over a Certified/Chartered Acccountant?
https://www.thetimes.co.uk/article/f...ions-szr6k0w8v
FIFA, UEFA, FAI bending rules when it suits...naahhh! Delaney must be the only person on the planet that slogged through the borefest of professional accounting exams and not complete the formality of joining CAI or the like, as if he'd give up the opportunity for pomp and ceremoney. Certified sh!tebag if he is lucky!
Minimum standards in coaching are needed, but there should be some common sense too. FG's entire career has been playing and coaching and arguably has more contact hours with players than some pro badge holders. A sports science grad could have a pro licence by early 20s having never been involved in the game. Cheeky it may be in principle but job titles can mean damn all with FG listed as an assistant. Its often said that assistant coaches are often the brains behind a successful team Shakespeare with Ranieri, Long/Croly. Coaching teams where a member of the team has the top qualification would suffice imo. Such would be common in any industry where things/work gets signed off by someone with seniority. My angle on this is not based on just Dundalk's coaching setup - i'm sure there is no shortage of people who have experienced the clueless chief!?
Nobody knows the finances at DFC, all the usual speculation. Maybe some of the investors have called in a dividend. If all euro money has been spent on players, YDC, covering covid costs etc then yeah P6 would be paying the fine. We dont know if the club was sold to P6 with the cash reserve from 2016 or whether the Fastfix lads withdrew the money beforehand, if they did then its nearly all be P6 money bankrolling things. P6 would of course get their hands on UEFA money via Dundalk FC but lets not forget either that the FAI did their best to siphon off money allocated by UEFA for Dundalk so maybe it goes direct to the club now - 6 of one and all that. Taking money out of the club Stu would be what investors would want and do surely as opposed to a benefactor. Probably Derry and Pats are really only the ones that could fall in to not seeming to look for a return - yet?
Coaching the AC Milan summer camps for kids is no substitute for coaching senior professional players in fairness.
Let's not obfuscate things with "We don't know the finances". Though I will note that there's no reason for Fastfix to take money out of the club before selling it, because the cash in the club is part of what P6 were buying, so you're just robbing Peter to pay Paul, probably at a higher tax rate.Nobody knows the finances at DFC, all the usual speculation. Maybe some of the investors have called in a dividend. If all euro money has been spent on players, YDC, covering covid costs etc then yeah P6 would be paying the fine. We dont know if the club was sold to P6 with the cash reserve from 2016 or whether the Fastfix lads withdrew the money beforehand, if they did then its nearly all be P6 money bankrolling things. P6 would of course get their hands on UEFA money via Dundalk FC but lets not forget either that the FAI did their best to siphon off money allocated by UEFA for Dundalk so maybe it goes direct to the club now - 6 of one and all that. Taking money out of the club Stu would be what investors would want and do surely as opposed to a benefactor. Probably Derry and Pats are really only the ones that could fall in to not seeming to look for a return - yet?
oriel's posts were -
There's no indication P6 have invested anything into the club. I'm curious to know if they have or not, but it's never been shown that they've put a penny into the club. The club accounts just show the Euro money being eaten into.
Buying out the previous owners isn't investing.
That's simply not true.
P6 can take money out through a dividend or a rental charge or whatever - but that's also not investing in the club.
So I'm just saying oriel seems to be wrong in everything he's posted. As I say, there's no point getting all "We don't know the finances" over things as straightforwardely incorrect as the above.
Last edited by pineapple stu; 03/12/2020 at 9:43 PM.
I will totally admit the fudging of whatever the P6/DFC financial setup is. Im certainly not comparing to Manchester United just simply on scale but its a great situation to be able to leverage costs on a club and 'investors' have very limited exposure. In our case in hope of a low costbase with a potential high return and maybe grow a brand hence value IF theres are ever the chance of selling again for more. Its obviously been an ongoing concern, how much P6 are spending if at all, certainly not in areas that fans would also like to see. Imo the 2016 EL money is gone, P6 got an unexpected top up this year but are now having to dip in to their own pockets for a while at least. They wont say anything else but are still on the line of this being a long term project.
I was being more generalised in terms of coaching licences so maybe should have just left FG out of it. But the point is still that while there does need to be some standardisation/minimum requirements, there are coaches with pro licences that would not be classed as particularly good. There are examples in relatively recent DFC history where FG (so far) has shown more than others with top football and other relevant qualifications. I think a coaching team where members have the required badges should be sufficient, as is often the case in any industry. pro badge does not always = professional. That said I do accept that if rules are in place even if i disagree, they should be followed. Dispensation options again imo should be available. If there were pro licence courses being run where there is always capacity then grand, strictly apply those rules. It think its a bit harsh to dismiss FGs background in the game as AC Milan summer camp coach. It's still an appointment out of left field but he must have shown somthing aong the line and how the players have responded to him just adds to my thinking on that. If we are seriously struggling next season having also struggled to recruit/resign players I will retract the above. The Jim Magilton connection is likely due to an awareness that while FG might be a good hands on coach, he may not have 'managerial' experiance.
Last edited by Nesta99; 03/12/2020 at 10:26 PM.
Maybe so.
But while I'm not saying it was relevant to DFC appointing Giovagnoli, it is also true that Coaches with all the requisite badges command a higher salary than those without.
JM has many qualities which could make him a great appointment in the right role.
But if it were me, I wouldn't let him near a first team squad (unless, perhaps, he was reporting to Michael O'Neill?)
Fair point, I never considered a budgetry aspect to Head Coach/managerselection. It'd be strange to appoint a cheaper option when also busting cash reserves to get at more european money though. It just makes more sense to me that someone in the game thought FG had shown somthing and could be a success. A cheap gamble maybe. He may have been a short term solution until he actually hit the targets set so offered, still only a 1 year deal it seems. I was thinking that appointing Magilton could be to look after things like contracts as identified by FG as players to retain or sign. His background in development is an area the club needs a lot of work on in terms of an academy, community links, staffing etc. If that can be mixed with GM type duties with eg Martin Connolly it could work ok as an off the pitch team. It would have to be an improvement on the micromanaging efforts from the US.
Could be your maverick chairman read an article about him on the internet?
https://www.bbc.co.uk/sport/football/55228546
You obviously have a lot of time on your hands PS, christ almighty. Only reading your comments now.
#DundalkFC - First Irish club to win an away game in Europe (1963), first Irish club to win points in a group stage in Europe (2016).
Good appointment in my view today by Dundalk with Magilton, this is exactly what was required, someone with good links to football all over Ireland, and probably UK. He should improve the set up as it was lacking badly lately, admin and no one local appeared to be in control or to have been tasked with running things. I think GV can learn a lot from him, and hopefully they can work well together.
Contracts will be JM no 1 task when he starts on Monday, although I've heard he has already told the club that one year deals wont wash (with most).
#DundalkFC - First Irish club to win an away game in Europe (1963), first Irish club to win points in a group stage in Europe (2016).
Magiltons agent wields a lot of power in dundalk it would appear.
Whos his agent Placid do you know?
Gary Cronin is he the right man to manage Longford Town?
Unfortunately it looks that way and it now makes sense that Magilton got the job.
Considering JMs prev managerial credentials whats to stop him ousting PG if things go wrong? Im a bit suspicious of his motives imo.
Gary Cronin is he the right man to manage Longford Town?
So have the FAI finally started to apply the requirements correctly? Are Dundalk being forced to comply or is it yet another game of smoke and mirrors to cover licencing requirements?
https://extra.ie/2021/03/09/sport/so...-coaching-team
You do like to perch on some high ground and have a good gloat Mr P! It could be the FAI instructing things but I find that a bit strange having had a license granted as surely it would be granted pending certain criteria. Other than that its just another madcap day at Oriel Park - keeps people engaged..........
They can say what they like in public to appear compliant but we know who will really be picking the team.
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