QuoteAbout 3/4 of the way through the podcast but I see absolutely no way that anything he said could come back to him.
In relation to pretty much any debt he says it's before his time and on occasion it was also before Ainscoughs time. That would be obvious once the accounts are published and he also doesn't single out any individuals.
On the court cases they would be a matter of public record, Zahibos particularly got a fair few column inches if I remember correctly. Again he highlights that this is before his time which is fair he's only in the door a wet day!
The set up of the academy is odd with it all flowing into the main bank account but is it illegal or malpractice I couldn't say but I would also be surprised if Dundalk were the only club operating this way as I remember plenty of people on here raising that Rovers academy being it's own entity with its own accounts being odd.
At the start he raised the very relevant question of "where's the money gone?" In relation to the euro monies and money from the league winning years etc but later on probably highlights exactly where it's gone. He said that Dundalk operations budget was about 40% more than anyone else in the league. That would very quickly eat into any money left behind by any owners and again is it foolish? Certainly, is it illegal? I doubt it.
Overall it's a well done PR piece. Temple needs people in the town to row in behind him and the club while they try to get through what is going to be a very difficult winter. He's got local journalists onside with this and the digs at national media and the clarity he's giving on how dire the situation is will most certainly help get the town rowing in behind him for the immediate future.
What would worry me is he seems somewhat naive to the costs of running the club. He mentions insurance costs and having multiple policies etc but anyone who owns and operates a public facing business, like a football club, has been bemoaning the cost of insurance for what must be decades at this stage. You also need insurance on players and multiple other things from my understanding so when he said he had to pay money for Dan Pikes injury I initially thought, well yeah but paying that likely offset other significantly higher costs, that's what insurance is for. The electricity bills seemed a shock from the way he said it but your running how many floodlights on a match night? And lighting in the stands, heating the dressing rooms, showers etc. It all adds up pretty quickly. These "hidden" costs are probably accounted for now though.
All in all though he certainly seems like his heart is in the right place. I think now it's a case of doing the redundancy process, which seems like it's started, with those who he is saying are in paid positions that don't exist or aren't paid at other clubs. Cutting any other costs where they can and dealing with creditors as best he can and hoping the town row in behind him.
Originally Posted by joey B
) but seriously if he isnt his end game can only be to get other investors in quick and end up with a nice minority share for little or no investment.
Bookmarks