I personally have a very simple philosophy re football investment - particularly in Ireland. If someone who has zero connection to either your area or your club turns up saying they want to put money in with talk of taking the club to the next level etc etc, then just say no. 99 times out of 100 it will not end well, as that person has no emotional bond to keep them there when times get tough.Originally Posted by Nesta99
Even 'investors' who DO have such connections can still turn out to be a disaster. But at least there's a much more credible chance they won't. Because they have at least an emotional and/or historical connection to what they're looking to 'invest' in.
Obvioiusly there are lots of examples in world football of wealthy outsiders coming in who DO turn out to be 'good' for the club. But those are invaraiably not the sorts who sniff around Irish clubs. We're more often the target of chancers, and of people with less resources thna they claim (who would happily target a bigger club/league if they had the cash).
Last edited by EatYerGreens; 16/09/2024 at 12:44 PM.
Even outside of Ireland how many clubs in the UK have been burned by bad owners? Spain as well. These problems aren't unique to Ireland but the impact is probably larger here given the relative size of the league, support base and prize/TV money available. Even the "good" owners frequently have some ulterior motive like sport washing that is the driving force behind their investment.
Think that's fairly common among most levels if football to be honest, maybe outside a very limited number of clubs globally. Randy Lerner at Aston Villa turned out that way (unless I'm completely misremembering) for example. In general though, I feel football club ownership seems to attract some very strange characters. Then there's many examples of people with a very good business background who make baffling decisions when it comes to clubs that would make you wonder how they were ever successful in the first place.
On Dundalk, the Ainscough takeover never looked good. Aside from leaving Kerry very quickly, he was quite disrespectful when talking about them I felt. Not someone you want to have stewardship of your club. Hope for the best for Dundalk and that they retain their club, regardless of whether that's the current club or if a phoenix club that still "feels" like Dundalk comes to the fore.
Update from David Sneyd on Twitter just now:
Dundalk set for stay of execution with 5pm deadline for deal to save club due to be extended. At least two groups - one based in Europe - in talks over a deal.
Paaatrick's Agletic
So you have a generic generalised scattergun opinion that counts for all clubs worldwide that dont have local ownership?
I mean nobody wants to see this, but the schadenfreudboner is real. There no gloating, but some Dundalk posters got drunk on the last ten years, forgot the ten before that and have been consistently the biggest tools in this tool-shed over that time. I'll not get ahead of meself lest the schadenfreudboner comes for me.
Everybody been passing comments, cos fans of nearly every club in the league have been in similar situation, just without falling such a height. So, I'm not sure what EYG is supposed to have done in particular that you'd single them out on multiple occasions, I don't see anything that everyone and their feckin dog wasn't saying on here when BA abandoned the Kerry project and came calling promising 'investors'. Something straight out of the Roddy playbook.
What was different that this didn't set of your BS detector? When did the penny drop for you on BA? This past week? Was I imagining it or was Noel feckin King not Dundalk manager very briefly, very recently?
Oh, and as at some point you asked, there were more than a few dcfc fans with foresight. They were asking why are the same muppets as last time still here? Why are 'competent' people leaving the board? And you know what, they were bang on. We flirted briefly with a fans model, it died on it's hole, cos it's fecking hard work. I don't know if the fans got a seat on the board eventually or not cos I haven't paid attention to it since I had to. And Am complacent enough to hope I never again have to.
The Roddy reference is weird, unless it's Jim Roddy and there's some story I'm not aware of. If it's Roddy Collins... did he not find himself in the same unfortunate position as John Daly is now?
James Rogers on Twitter:
Just spoke to Brian Ainscough.
Update to follow and there's still a journey ahead but the key quote is 'there'll be no liquidation today.'
Paaatrick's Agletic
Still seems very strange to be not paying wages one week and talking about "There'll be no liquidation today" the next.
I get there's nothing in the pot, but who's pressing for the liquidation here? Let the club struggle along until the end of the season, be in breach of contracts, put in the academy players, etc - and start next season with large debt, a local team, new owners (whoever they are) and some sort of a plan for recovery. Far, far from ideal for all concerned - but better than liquidation surely?
Potentially ominous use of the word "today" there.
Well the money raised in the recent fundraiser was used to pay for the bus to get to Waterford and food for the players. If the club can't even get to games on game day they cannot finish out the season? It's not just the players who aren't being paid but also local businesses as well who may not be so open to giving their services to the club for nothing.
My only guess is he's trying to push for a buyer so he can make something back, does seem like things have suddenly escalated for no other reason.
I get that - but equally that doesn't mean they get liquidated today. I've seen companies drag the arse out of financial problems for months and months; it seems almost defeatist to say "Yerrah, we've no choice; let's just wind it up now and be done with it"
Why liquidation, and not examinership?
Surely examinership gets the club to end of season, albeit with massive debt. Withing reason that debt can be managed over time, even if its very painful for the club.
There was post on here explaining it. Apparently it’s the cheapest route to go down.
Not for the club, but for the owner personally when he declares bankruptcy in the States.
But theres no comeback from that, not for the existing entity.
Sorry, I see Kiki post.
So Ainscough sells club for €1 and walks away. A new owner takes over a club with 1m plus of debt and running costs it cant pay, but that is for 6 weeks when most players should be out of contract, and those that arent are free to sign with anyone else.
As holes go, its nuts, but by LOI standards......
It might be more in his interest to liquidate the club and use it for tax relief, than sell for a euro.
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