so the league is in dire straits with clubs spending more than they take in so his solution is to give the running of the league to someone who will abolish the 65%.. really smart
I wish i did not know then what I dont know now
firstly this is not a thread on the building industry which it seems to have turned into when reading through it
the article has to many missing pieces of information and guesses at information to be accurate although a bit of hatchet job does make some valid points about pitfalls league facing.
where can you get the correct ones?Originally Posted by sligoman
And Miles To Go Before We Sleep
I know of one property developer that owes 800M to a bank, another one that has checked into the mental unit in a hospital and another one that sold 10 houses for 100K each just to save his ass short term. Companies are closing left, right and center. Sitting on what assets? Property is a liability now, not an asset. And its been like this for the last 18 months.
As for the Bohs stadium buyout; surely its value at least has decreased enormously since that deal was done
I noticed that too although I did not count them. Hard to call it a financial survey with no actual figures as even the ones listed are just hearsay.
Can we not buy in cheaper/better players from Lithuania and other countries ranked above us?
I know of one property developer that owes 800M to a bank, another one that has checked into the mental unit in a hospital and another one that sold 10 houses for 100K each just to save his ass short term. Companies are closing left, right and center. Sitting on what assets? Property is a liability now, not an asset. And its been like this for the last 18 months.
Oh, so there's only three construction companies in the country?
My mistake.
Funny guy.
Well Im not going to argue with you as 1. Ive no interest anymore in the topic and have never worked in the area and 2. this is a footballing forum.
But for the record I don't think a single property development company can make money in Ireland this year.
Well if nearly all of them are going bust someone is going to be making money
54,321 sold - wws will never die - ***
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Excuse me
Champions 2010
Champions 2011
Dick Brush 1 Sligo 0
Bohs are going bust.
No, how do you make that out? Some will keep trading with little expediture waiting for the lowest points in the markets to come.Well if nearly all of them are going bust someone is going to be making money
I will be shocked if that Bohs deal goes through, at the same value as before. Hope it does but not a chance. I realise that a lot of these property developers are stupid and made their money with pot luck but none could be that stupid
Exactly, Dalymount stays and it might even be good for Irish football.Excuse me
You're excused ..... what did you do anyway?Excuse me
The SFAI are the governing body for grassroots football in Ireland, not the FAI. Its success or the lack of is all down to them.
I was led to believe by Bohs fans that the contracts were signed and the huge wages being paid at the moment would be offset by monies paid by Liam Carroll if the deal didnt go ahead.
No contracts signed and its Bohs own money they are spending
Champions 2010
Champions 2011
Dick Brush 1 Sligo 0
Bohs are going bust.
Well I think they already got 2M, I assume so anyway but Id say liam Carroll and co will cut their losses at that.
Bohs received a pile of cash from Carroll last year but no more this year due to the ongoing court case with Albion Properties.
Carroll will walk away and most likely come back with a new offer that'll cost him about €15M less then the one the board claim is signed but isnt.
Yes, that sounds more like it. As time goes on that 15M becomes bigger
Nowhere cos not all clubs count them. No point in just making it up either though, like they did in this.
Life without Rovers, it makes no sense...it's a heartache...nothing but a fools game. S.R.F.C.
It's certainly occurred to me that there are those within the local game and just outside it, that appear to be manipulating the difficulties being experienced at some clubs for their own narrow self-interested ends. Of course all St. Pats, Cork's, Bohs and Drogheda's troubles will be resolved by their participation in a 10-club league with no P&R for three years. I wonder what colour the sky is on planet these people live on!!
I hope so. I honestly thought the sale of Dalymount was a mistake. While I didn't begrudge Bohs the money, I really think the FAI should step in here to preserve Dalymount. Although that could be unlikely with all their money tied up in Landsdowne. There is an oppurtunity here for the FAI to make Dalymount Dublin's second football ground.Exactly, Dalymount stays and it might even be good for Irish football.
On the question of the state of the economy generally, and the construction industry specifically, as far as football is concerned, it probably doesn't matter whether e.g. 90% or 50% or 10% of building companies are facing going bust. Nor does it matter whether 90% or 50% or even 10% of all new projects are being cancelled. Ditto whether economic growth is down to 2% or 1% or even Zero.
In the end, when things are tight - as they clearly are - it is the most risky and speculative projects which get binned first, as what capital there is still around flows to the most secure ventures.
And Irish Football is clearly in the (far?) Risky/Speculative end of the spectrum.
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