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Thread: Drogheda in trouble?

  1. #21
    International Prospect DmanDmythDledge's Avatar
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    Seeing as you mention it could you post their average attendences since 2003 please?

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    Biased against YOUR club pineapple stu's Avatar
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    Not from this computer. It's on the attendances thread though. From memory, it's been stable at around 1700.

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    The Drogheda plan is nearly certain to fail even if they get the planning to build. If a title wining team can't attract more than 1500 on average it does not matter how great the stadium is. Its ok for them to gamble their own existence away, but what about the damage they have cause to the league by paying crazy wages, a la Shelbourne and Bohes at present. How can any club justify paying someone of english conference standard over two grand a week, its the same delusion that claims that Joe Gamble is anything other than a very ordinary LOI player.

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    Quote Originally Posted by wonder88 View Post
    The Drogheda plan is nearly certain to fail even if they get the planning to build. If a title wining team can't attract more than 1500 on average it does not matter how great the stadium is. Its ok for them to gamble their own existence away, but what about the damage they have cause to the league by paying crazy wages, a la Shelbourne and Bohes at present. How can any club justify paying someone of english conference standard over two grand a week, its the same delusion that claims that Joe Gamble is anything other than a very ordinary LOI player.
    I take it you know nothing about what the planning application actually entailed or what the business model was to be?

    DMDMDL - what debt do Drogheda United have?
    Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week

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    International Prospect DmanDmythDledge's Avatar
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    Quote Originally Posted by Celdrog View Post
    DMDMDL - what debt do Drogheda United have?
    Debt may have been the wrong choice of word but it is still obvious what I meant. Maybe you could enlighten us if there is any debt.

    I'll put the question differently for you anyway. Going by that article Drogs are making a loss of around €3m a year, which the directors are paying. They have said that his can't continue. So how much will they be willing to put into the club now that the stadium plans seem to be out the window?

  6. #26
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    Quote Originally Posted by DmanDmythDledge View Post
    Debt may have been the wrong choice of word but it is still obvious what I meant. Maybe you could enlighten us if there is any debt.
    How could debt have been the wrong word? It wasn't obvious to me what you meant. If you were not a UCD fan then perhaps I might have taken if differently.
    I have no idea what the debt is - that is why I asked.
    Stu - you normally have a good handle on this. Think you posted it somewhere before. Is the debt low and the lads money is virtually unrecoverable?

    Quote Originally Posted by DmanDmythDledge View Post
    I'll put the question differently for you anyway. Going by that article Drogs are making a loss of around €3m a year, which the directors are paying. They have said that his can't continue. So how much will they be willing to put into the club now that the stadium plans seem to be out the window?
    As I've posted somewhere else I do not believe the club could be losing €3M per year. This may be the total ougoings (I'd say a lot of expenditure has gone on the new stadium plans), again I stand to be corrected.
    I also have no idea how much they are willing to put into the club after this, a fraction I would guess.
    Again Stu - you are the psychic when it comes to Drogheda united.
    Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week

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    Unhappy

    The planning application and site costs etc have all been covered by Doyle Developments.The overall stadium cost was close to 55m if the road is included.
    The lads(Byrne,Hoey and O Conner )had a 3 year plan...they are now in year 5.
    The NRA decision to go to the board is likely to put the stadium back to at least Feb.Time the club dosnt have.
    A few people said to me recently "what about the Champions League money"..they got 150k for facing Kiev but had to spend 120k on a charter flight to Kiev...football doesnt pay!

  8. #28
    Biased against YOUR club pineapple stu's Avatar
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    Quote Originally Posted by Celdrog View Post
    I have no idea what the debt is - that is why I asked.
    Stu - you normally have a good handle on this. Think you posted it somewhere before. Is the debt low and the lads money is virtually unrecoverable?

    As I've posted somewhere else I do not believe the club could be losing €3M per year. This may be the total ougoings (I'd say a lot of expenditure has gone on the new stadium plans), again I stand to be corrected.
    You don't think that maybe, in a time when your club appears to be in serious trouble, you might try and find these thigns out for yourselves?

    The club lost E2m last year. If the boys pull out and anything like that sort of cost structure is still in place, you're in serious trouble.

    Debts are harder to call as the last accounts are only up to last November. The parent company's accounts haven't been submitted yet. The club is borderline solvent as all the losses (E5m to date) are covered by shares issued to the parent company. But there's E400k of debts in there.

    It actually surprised me how ignorant of your own club's runnings you are. Maybe you all jumped on the success bandwagon and didn't care how it came about?

    And none of that has to do with benig psychic. It just involved five minutes' research. But hey, not my club.
    Last edited by pineapple stu; 09/09/2008 at 12:50 PM.

  9. #29
    First Team jinxy lilywhite's Avatar
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    Article in the Indo about Hoey & Byrne ready to pull the plug on Drogs.

    €4m a year is a effin joke. How can they sleep at night

    http://www.independent.ie/sport/socc...r-1472088.html
    Long Live King Kenny

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    Quote Originally Posted by pineapple stu View Post
    You don't think that maybe, in a time when your club appears to be in serious trouble, you might try and find these thigns out for yourselves?
    Not when I can call on you to provide me with the info, its the quickest and cheapest way. I don't know anyone as obsessed about the Drogs as you.
    We all know its simple. No stadium = unsustainable professional club. I don't need any facts from this.

    All I have done is to get you to prove to the other UCD fan that he was ignorant of the level of debt that Drogheda United is carrying.


    Quote Originally Posted by pineapple stu View Post
    The losses (E5m to date) are covered by shares issued to the parent company.
    Yeah - didn't think they had lost €12M


    Quote Originally Posted by pineapple stu View Post
    Maybe you all jumped on the success bandwagon and didn't care how it came about?
    We all know where it came from. And bandwagon, trust me I was going to Belfield before you were even in secondary school, never mind in Uni, at a time when a draw was a good result for us.
    Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week

  11. #31
    Viva El Presidente! sligoman's Avatar
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    Quote Originally Posted by pineapple stu View Post
    The club lost E2m last year.

    The club is borderline solvent as all the losses (E5m to date) are covered by shares issued to the parent company. But there's E400k of debts in there.
    Please provide a link to those facts.
    Life without Rovers, it makes no sense...it's a heartache...nothing but a fools game. S.R.F.C.


  12. #32
    Reserves SMorgan's Avatar
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    Sligoman - goto www.cro.ie

    Quote Originally Posted by pineapple stu View Post
    The parent company's accounts haven't been submitted yet. ..

    Pineapple, is the Parent Company Hinge Trading?
    Last edited by SMorgan; 09/09/2008 at 9:28 PM.

  13. #33
    Biased against YOUR club pineapple stu's Avatar
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    Quote Originally Posted by sligoman View Post
    Please provide a link to those facts.

    You're not upset I gave out to your Sligo fan friend for unsubstantiated allegations, are you? Thought it was quite clear I was referring to the company's filed accounts.

    Quote Originally Posted by SMorgan View Post
    Pineapple, is the Parent Company Hinge Trading?
    Nope, Hinge Trading is the club. Parent company is Drogheda United (O2) Limited.

    Quote Originally Posted by Celdrog View Post
    All I have done is to get you to prove to the other UCD fan that he was ignorant of the level of debt that Drogheda United is carrying.
    That's a relief. For a moment there I thought you'd done something constructive to save your club. Oh well.

  14. #34
    Viva El Presidente! sligoman's Avatar
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    Quote Originally Posted by pineapple stu View Post

    You're not upset I gave out to your Sligo fan friend for unsubstantiated allegations, are you? Thought it was quite clear I was referring to the company's filed accounts.
    No, just wanted proof of your statement.
    Life without Rovers, it makes no sense...it's a heartache...nothing but a fools game. S.R.F.C.


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    Quote Originally Posted by pineapple stu View Post

    You're not upset I gave out to your Sligo fan friend for unsubstantiated allegations, are you? Thought it was quite clear I was referring to the company's filed accounts.


    Nope, Hinge Trading is the club. Parent company is Drogheda United (O2) Limited.


    That's a relief. For a moment there I thought you'd done something constructive to save your club. Oh well.

    arent you the great one you were over on the sporting page slagging them for relying on shels and dundalk to bring them in big gates.you really do love sticking your nose into other clubs with your smart remarks and haughty attitude.well stick to our club and maybe you should do the same with yours.just because stuff aint out in the open doenst mean we will just sit back and let our club die.no doubt you will be looking for us to tell you what we are going to do but like i said well stick to our own club thanks

  16. #36
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    Quote Originally Posted by stamullendrog View Post
    no doubt you will be looking for us to tell you what we are going to do but like i said well stick to our own club thanks
    Well we can't have the business model of UCD unless we are going to get a large university in Drogheda, never mind the fact that we have too many fans, so Stu won't be able to help us.
    Don't know about you StamullenDrog, but I'll depend on Vincent Hoey, if he asks for help I do whatever I can. He hasn't let us down in 46 years.
    Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week

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    Quote Originally Posted by Celdrog View Post
    Well we can't have the business model of UCD unless we are going to get a large university in Drogheda, never mind the fact that we have too many fans, so Stu won't be able to help us.
    Don't know about you StamullenDrog, but I'll depend on Vincent Hoey, if he asks for help I do whatever I can. He hasn't let us down in 46 years.
    prefer the mons business model myself run it all off the bar i think there fan base is a bit higher than ucd's celdrog.think were in good hands with vincent to be fair loves the club and been there for years.

  18. #38
    First Team Student Mullet's Avatar
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    I think the both Mons' and UCD's business models are based on the same fundamental principle.

    http://www.youtube.com/watch?v=fr1nzilLtkA

  19. #39
    Reserves Celdrog's Avatar
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    And still they come................

    UCD lads - get over the fact that Paul Doolin wanted to go to a proper club and win trophies.
    Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week

  20. #40
    Biased against YOUR club pineapple stu's Avatar
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    Quote Originally Posted by Celdrog View Post
    never mind the fact that we have too many fans, so Stu won't be able to help us.
    Suppose that's why you could only get five fans down to the ground for a piece with the local paper, is it?

    Adds a whole new meaning to "Famous 4 5 ultras"

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