Quote€38k is the maximum fee for a full planning application.Originally Posted by Risteard
And fed up with the fact that even as a club goes to the wall, there always seems to be a few more lining up behind them.
€38k is the maximum fee for a full planning application.
Thomas Davis have said they will be the last man standing, they were WRONG!!
SRFC will NEVER die!!
What do you mean by full DvB?
City definetly have the best bands playing at half-time.
O'Bama - "Eerah yeah, I'd say we can alright!"
G.O'Mahoney Trapattoni'll sort ém out!!
There are four types of planning application that can be made, outline, full, retention and approval subsequent to the grant of outline permission.
All have a seperate maximum fee as they are usually broken down on a floor area basis, so for example if you had a massive building your fee based on a flat rate of €3.60 per sq/m could concievably be in excess of the 38k. The minimum fee for any application is €34 or in the case of a retention permission €102.
Anyway the maximum application fees are as follows:
Outline permission €28,500
Reduced fee (usually approval) €9,500
Retention permission €125,000
All other types (eg full PP) €38,000
Thomas Davis have said they will be the last man standing, they were WRONG!!
SRFC will NEVER die!!
Stu - How much do we owe to
a) The revenue
b) The players
c) Our creditors
How much of the value of United Park have we drawn down to fund the club on an ongoing basis?
Looking at your signature I don't think you are entitled to claim you are in an intelligent debate.
Telling a Drogs fan to get off the ehh... Drogheda forum is a bit rich. (This is a Drogheda United forum, is it not)
Why don't you debate the issue on the UCD forum with the other four UCD suppporters. Your fascination with our club is, quite frankly, embarrasing.
Maybe we should start a debate about the fact that the boss man of the college wants to take away the playing fields for accomodation and college buildings, thus affecting the UCD league and therefore affecting the EL team. How would you survive then?
At least our owners are interested in the success of the football team - yours are not.
Last edited by Celdrog; 14/09/2007 at 10:31 AM. Reason: spelling
Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week
If you want to debate UCD issues I suggest you start a thread in the UCD forum. You'd probably find that we're interested in talking about issues that may affect our club.
We're not arrogant, we're just better.
Millions of euro. Stu's explained it before. You don't want to read it. Hence his sig.
Our creditors, not our owners.
So who are the people we owe millions to?
If you are going to reply why don't you have a stab at the other questions I asked. It will prove there is significant difference between the Drogs business models and Shels. But then again you constantly choose to ignore this.
Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week
The Drogs/Shels business model:...there is significant difference between the Drogs business models and Shels. But then again you constantly choose to ignore this.
1. Spend more money than you have.
2. Win stuff.
3. ???
4. Profit!
You could look it up yourself of course; good to see you take an interest in your club.
Revenue are owed E200k. There is currently a default repayment agreement being paid off, so Drogheda have been in trouble with Revenue recently. It's a 20-month agreement, where the normal is 10 months, which indicates a large amount.
Creditors are owed E186k, up from E80k in 2005. No breakdown. Directors' loans not included.
Problem is, Shels didn't have evident money problems for a long time before they surfaced rather dramatically in the last year or so. They only owed money to Kilkenny, but they didn't care. Same scenario here. The money will dry up, Drogheda will either continue to strive for the impossible (CL group qualification) and the cracks will start to appear, or they'll have to lose more than E1.25m off their budget, and end up also rans.
Why don't the directors want to commit their money to the club?
Thanks Stu.
€386K = Millions of Euro.Looks like some people did well in college, some didn't.
How much to UCD owe the revenue and your creditors?
How many eircom league clubs owe more than €250K?
Have the Drogs been given a winding up order a la Cork, Shels etc?
By the way i really appreciate the info by the way.
Last edited by Celdrog; 15/09/2007 at 11:24 AM.
Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week
I believe the UCD posse are including Director loans as creditors?
Ultimately they are money owed which will have to be paid back at some stage. If the people did not want the money back they would have taken shares in Drogs?
The example given was O'Brien at Waterford. It would seem unlikely but Drogs could have a similar arrangement with the Directors.
BTW who is building the other facilities around the proposed new stadium? Will Drogs United own them?
Yes afaik. I think the arrangement is that Bill Doyle builds the stadium, leisure centre, cinema, retail etc in return for being given United Park.
I think he builds the road to help him when he decides to build housing, schools etc.
Drogheda United will then own a stadium that is multi purpose. They will also own the other areas which generate income seven days a week, 52 weeks a year. Whatever profit they make goes to running the football club and paying the directors back, I presume. Seems similar enough to what Tynan is talking about in Cork.
Of course we have to get the planning permission first, decision day is a couple of weeks and there are six objections.
Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week
That is better but not sure if the numbers match up.
I believe the stadium supposed to cost about 10m but that does not include the extra facilities? United Park worth maybe 8m?
Even aside from the financial aspects who will run the extra facilities? Would seem to make sense to rent to third parties with the required expertise. Have these companies been lined up already.
I know the new owners of CCFC are attempting something similar (large stadium though) & I know if it was at planning permission stage City fans would have picked at every detail of the plans...
Can't answer any of the above Pete. I would doubt if United Park is worth €8M, maybe it is.
I am sure the club will get significant grants for the building of all this. I think the FAI have guaranteed us all th eU-21 matches.
Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week
I doubt that, they are usually spread around between a few different venues.
You want to go back and read the bit where I specifically stated "Directors' loans not included"?Thanks Stu.
€386K = Millions of Euro.
To the best of my knowledge -
1) Whatever the previous month's charge is. We, like all other clubs, had a Revenue audit recenly when the league was declared a high risk area following the Revenue's audit of Shels. We owed E1,600, which we paid. It was a balance we were aware of. We had a long standing agreement with Revenue whereby we paid PAYE one year in arrears. Other clubs had similar agreements. All this went out the window when the Shels case came to light, and we had to catch up. The E1,600 was the last of that amount. I don't know how much is owed to creditors, but I know we're solvent.
2) To Revenue, or in general? To Revenue, very few. To give some ideas from the most recent accounts I've bothered to get - Pat's E150k; Bray E15k; Cork E140k; Galway E20k; Kilkenny E1k; Rovers E15k; Waterford E60k. obviously, having the biggest bill in the league is going to leave you with the biggest PAYE bill in the league, but it's still very high. In general, it's irrelevant as Drogs owe far more than E250k.
3) No, but then again, Shels weren't given one until last year. However, as noted, you do have an existing Revenue agreement due to defaulting previous tax payments or else arising as a result of a Revenue audit. That's what screwed Shels over in the end. Just because a winding up petition hasn't come along doesn't mean everything's rosy.
Moderator: Off Topic moved to rubbish. Apologies if your posts moved but I tried to be fair.
That's what Shels did last year, now they know what happened.And how many teams would have the funds to buy our players? And how many would be willing? Seriously, you're clutching at straws now! We've absolutely nothing to lose compared to what we wouldve lost if the 3 amigos didnt get involved
Tis getting boring PS - seriously im not saying any more on it,give it a rest youre embarrassing yourself
As i said come back and tell us ye told us so - and let us get on with it and see what happens
Drogheda should know very well what they're getting into. The current owners saved the club from administration only a few years ago. But it seems that few lessons have been learned there since then.
NL 1st Division Champions 2006
NL Premier Division Champions 2010
NL Premier Division Champions 2011
Keep Tallaght Tidy, Throw your rubbish in the Jodi
Ten Years Not Out
Only just got myself a copy of accounts - nothing unexpected inside
Revenue are owed €211k. Prior year they were owed €279k. The revenue default is fully included in the €211k and the €279k - actually they indicate an error somewhere in the accounts - in 2005 a/cs, the Going Concern note indicates that the default amount is to be paid over two years - however the creditor greater than 1 year relates solely to the amounts owed to the parent company (as agreed to the related party note). Accordingly, we know that the PAYE creditor has decreased mainly through repayment of the Revenue payment plan, and with a wage bill as high as the club are suggested to be, it would appear to me most likely to be only two months PAYE - which a large % of businesses would owe at their year end, and the remaining payments based on the Revenue payment plan.
There is no breakdown, but looking at the accounts, it is more than likely that a fair chunk is in relation to deferred transfer fees - if transfer fees are operated the same in Ireland, as in the UK, I would expect that the vast majority of that increase is due to transfer fees, and at least the club has acquired an 'asset' for the corresponding rise in a liability.
That is a very simplistic way of looking at this, and to be honest i would have expected a bit more. of course the spending is not sustainable at present - just as it wasn't at shels. it is not the clubs plans for the status quo to remain, and to keep spending, until the money dries up.
everyone knows the stadium is the make or break for the club. the stadium needs to be built and needs to generate sufficient extra finance for the club to allow the club to be self financing.
they have!!! have a look at the movement in net liabilities in the club, and then have a look at the movement in the P&L reserve - Club made a loss of €1,245k, liabilities have only risen by €134k.
You surely can see that the movement is the equity issued in lieu of the debt. The new debt that was built up was built up in the parent company via directors loans, which have also been coverted to equity
Last edited by ColinR; 25/09/2007 at 5:31 PM. Reason: typo
Posting Permissions
Bookmarks