Irish money being thrown at England again...

...who are these people involved in the Sunderland takeover? What do they do? Did they make their fortunes here? Why do they see fit to invest in a foreign football club or organisation? Have they invested in sports facilities or football clubs here before? Is anyone in the public eye pointing out that it is not acceptable that vast amounts of money raised here should simply be frittered away on football abroad? Even Magnier could point to his contributions to the Limerick sporting scene.

This is not a football thread. It just annoys me that people who may have made money of the backs of Irish people should suddenly inject €80 million of it into some group in a foreign country.

HelterSkelter

Do you object to people investing in all these "overseas properties" we constantly hear about on the radio as well? Tough shít, this is a capatialist country, people can invest their money wherever they choose.

matrim

The group is being headed by Niall Quinn, who you can hardly say earned his money playing in Ireland.

Oriel

It's about making money, not supporting foreigners. Get over yourself.

HelterSkelter

HelterSkelter wrote:

Do you object to people investing in all these "overseas properties" we constantly hear about on the radio as well?

Not at all. There is a big difference between some punter buying an apartment abroad because they can't afford one here and because it's not exactly sun and sand 365 days a year, and fellows putting €80m into a venture abroad

HelterSkelter wrote:

Tough shít, this is a capatialist country, people can invest their money wherever they choose.

I am aware of that. This is also a democracy and people can object to what they see as money being drained from the country and poured into a foreign football club.

sinecurea

sinecurea wrote:

It's about making money

Well I hope they lose their shirts.

ciaran76

Its their money. They can do what they like with it.

It won't happen anyway and I would not believe the figures being bandied around in the newspapers.

ionapaul

If moves were made to restrict the (relatively) free movement of personal wealth in and out of Ireland many of our most wealthy folk would up sticks and head off to sunnier climes in the morning. It sounds like a measure that our good friends in Sinn Fein might suggest!

um7y1h83ge06nx

ionapaul wrote:

If moves were made to restrict the (relatively) free movement of personal wealth in and out of Ireland many of our most wealthy folk would up sticks and head off to sunnier climes in the morning. It sounds like a measure that our good friends in Sinn Fein might suggest!

Jesus, don't be giving them ideas! :eek:

Narcissus

ciaran76 wrote:

Its their money. They can do what they like with it.

exactly.

Hydroquinone

Deleted User wrote:

This is not a football thread. It just annoys me that people who may have made money of the backs of Irish people should suddenly inject €80 million of it into some group in a foreign country.

Who's made their money on the backs of Irish people?
Quinn made his money in England and Magnier's money comes from livestock, which is mostly foreign money too. Who else is in this bid?

When you are as rich as either of them, then you can decide where to spend your money.

Demetrius

Deleted User wrote:

Not at all. There is a big difference between some punter buying an apartment abroad because they can't afford one here and because it's not exactly sun and sand 365 days a year, and fellows putting €80m into a venture abroad

People who buy apartments abroad mostly use them as second homes or investments, not because they can't afford one here. As investments, the money is flowing from abroad, in terms of rent, into this country.

Deleted User wrote:

I am aware of that. This is also a democracy and people can object to what they see as money being drained from the country and poured into a foreign football club.

I don't know where this money is "drained" from. It's hardly that our taxes are being pumped into English football clubs.

ToxicPaddy

Deleted User wrote:

I am aware of that. This is also a democracy and people can object to what they see as money being drained from the country and poured into a foreign football club.

Well one of the people involved, Sean Dunne, is the guy who has recently paid somethign close to €500m for property in Ballsbridge, so what he's investing in Sunderland is peanuts compared to that..

Anyway, if they do buy the club and it turns into a successful venture, the profits will be repatriated back into this country as this is where most of the backers are from and live.

Tox

mikedragon32

Conor74, you've conveniently forgotton that Niall Quinn made his money in the UK and seem to have chosen to miss that point when it was raised previously.

Why are you so bitter? It's not up to private investors to invest in sport & facilities in this country. It's up to the government. In terms of professional sport in this country, if private investors don't see it as a good investment, then it obviously isn't.

While Bertie and his cronies were wasting millions planning a stadium, money should instead have been investing in sports centres, all weather facilities, gyms, swimming pools, tennis courts or whatever. Instead the grand gesture was seen as a better option for the Elite (as in professional level sports).

Millions have gone from Lottery funds into golf courses etc. Huge subsidies went to the GAA for rebuilding Croke Park. Why not develop other grounds in the same manner for all sports?

Why not get on your hobby horse about that? Instead you'd rather be bitter that someone who had to go abroad to make their money has opted to invest it there instead. Fair play to him.

super_furry

It's simple they are investing money to make money. They're not doing it for the love of Sunderland, but for the chance to make a few quid out of one of the sleeping giants of English football. These people are private investors looking to invest in a business, I know football is an emotive subject, but would you care if they were investing in a Sunderland factory instead of a football team?

Real benefactors in football are few and far between, for every Jack Walker, there's a dozen Glaziers. The only people who really care about the clubs are the fans.

bizmark

Deleted User wrote:

Why do they see fit to invest in a foreign football club or organisation?

England is about as foreign as kerry in fairness

Dragan

Deleted User wrote:

This is not a football thread. It just annoys me that people who may have made money of the backs of Irish people should suddenly inject €80 million of it into some group in a foreign country.

While it would be nice to think that Irish people would invest money in Ireland, to a large degree we grew on international investment....however that may have been gained.

Not too sure about "on the backs of" Irish people at all, i'm sure that anyone involved who ever had a staff of any kind was paying them....no???

People can do what they want with their money....you need to invest money with a eye to making a profit.

jester77

ah now, in all fairness it's their money and they can do whatever they so well please with it. Fair play them for accumulating vast amounts, sure wish I could but I wouldn't begrudge anyone that does!
Are you saying you don't support spending outside of Ireland. I'm sure you've gone abroad and spent money on holidays, you've bought clothes, shoes and other products that have not been made in Ireland. It may be small amounts of money but if you were add together what your average punter spends yearly on holidays, cars, clothes etc, then the 80 million these guys are spending would be small change! I don't see your point!

super_furry

It's local money for local people!

aidan_walsh

Deleted User wrote:

This is also a democracy and people can object to what they see as money being drained from the country and poured into a foreign football club.

What in the name of hell has democracy got to do with it? If you think that democracy means simply the right to protest, then you need to get yourself a dictionary...

nesf

Eh, private individuals can do whatever they want with their money. In fact, to spite you I think I'll go and fund the Kenyan Rugby team. They're almost up to 11 players now!

Or is it the fact that it's a British team that's bothering you?

Princess Consuela Bananahammock

nesf wrote:

Or is it the fact that it's a British team that's bothering you?

Bingo...

aidan_walsh

aidan_walsh wrote:

If you think that democracy means simply the right to protest, then you need to get yourself a dictionary...

You can confine the personal stuff to PMs surely.

It's as simple as this. Niall Quinn is involved with the FAI, the body charged with the development of football in this country. There are clubs in this country that are crying out for money. Meanwhile the same person is advocating investment of a fortune in a foreign club (and it remains a foreign club even though loads of guys 'support' English clubs from their barstools and because Andy Gary says its the bestest ever) and Irish people are rushing head over heels to fire money into it. Well screw them. I hope they lose it all, they could have stuck a fraction of it into a club like Cork City, copied the Rosenberg model and started getting the clug into the CL group stages regularly, and made a smaller investment realise more whilst backing an Irish venture. I won't hold my breath waiting for Sunderland's European glory nights...

nesf wrote:

Or is it the fact that it's a British team that's bothering you?

Or is it the fact that someone dare criticise the Sky Sports hype that's bothering my critics? ManU store out of Giggsy slippers?

nesf

Deleted User wrote:

Or is it the fact that someone dare criticise the Sky Sports hype that's bothering my critics? ManU store out of Giggsy slippers?

So, that's a yes then?

ionapaul

bizmark wrote:

England is about as foreign as kerry in fairness

Yep, Sunderland and Dublin are more similar than Knightstown, Valentia Island, Kerry and Dublin are IMHO!

super_furry

It's nothing to do with defending the Premiership. I myself am a staunch Shamrock Rovers supporter, but I'm not blinded to the realities of the football world. Quinn and company have a very realistic chance of making money from Sunderland, which is what's they're interested in. They're not investing for altruistic reasons, they're investing in the hope of making money, and they would have a significantly bigger chance of doing so at Sunderland than and any eircom League club.

nesf

nesf wrote:

So, that's a yes then?

Can anyone clarify one thing, does Niall Quinn have a role or job with the FAI? If he doesn't that would take some of the 'sting' out of the issue as far as I'm concerned.

Ciaran500

Deleted User wrote:

Can anyone clarify one thing, does Niall Quinn have a role or job with the FAI?

What difference would that make?

Ciaran500

Ciaran500 wrote:

What difference would that make?

It makes all the difference. How can someone charged with some part in the development of football here advocate investing in anywhere but here? It would be like telling everyone to buy Irish while shopping in Lidl.

5uspect

Deleted User wrote:

It makes all the difference. How can someone charged with some part in the development of football here advocate investing in anywhere but here? It would be like telling everyone to buy Irish while shopping in Lidl.

Lidl sell irish milk. When you make your millions you can invest in whatever you like. I won't start a thread complaining that Conor74 is investing in silly irish soccer teams when he should have invested his money in cancer research because Irish people suffer from cancer. anyway i doubt this is their sole investment. and if it goes well maybe you'll see more domestic investment as they can handle the increased risk

thelordofcheese

Look, it's a collection of private individuals who have decided to invest in sunderland, with the ultimate aim of making money.
Yes they could have invested in cork city, or sligo rovers, or any of the other irish teams, but they probably won't have made anywhere near the same amount of money, if any at all.
Which is what this is all about, really.

Princess Consuela Bananahammock

Deleted User wrote:

Or is it the fact that someone dare criticise the Sky Sports hype that's bothering my critics? ManU store out of Giggsy slippers?

As I am "one of your critics" who would not have either a Man U emblem or Sky Sports in the house, please clarify...

mikedragon32

Conor74, have you not thought that maybe Quinny might use the club as a means of getting more Irish players into the Premiership and therefore strengthen the squad of the national team?

It's a possibility.

Just out of interest, have you invested your hard earned cash on always buying Irish? Where's your PC from? What about the clothes you're wearing? What did you have for breakfast? Do you drink coffee? Do you always take your holidays in Ireland? Do you own a car?

crybaby

Im pretty sure Niall Quinn doesnt have any role with the FAI, I can understand why Niall Quinn has chosen Sunderland - he use to play there, they have a potentially huge fanbase and they have a superb stadium I'm sure he sees it as a long term investment and that once they get back in the Premiership they can consistently stay there and start returning a proft. He has spent his entire footballing career in England so why shouldn't he give a bit back. The Eircom league needs investment in general and attempting to make some sort of super team who win the league 12 years in a row would only damage it in the long run. Im pretty certain its alot more fun owning a team that would be playing in Anfield, Stamford Bridge, Old Trafford etc every season than freezing your ass off every Friday night down in Cork with a few hundred fans.

layke

Let me break it down for you, in simple terms.

You have a wad of cash and you want to make a return investment.

you look at Ireland, a pityful country with not one national Football stadium where you simply WILL NOT GET A RETURN on your money... well not any time soon. Then you look at the UK....way more population more money.

So are you going to be stupid and invest in an Irish team, or make megabucks back on a foreign team? Simple choice really imo.

Like it or lump it, the UK makes football popular over here?

This is coming from some one who is not a football fan in the slightest.

mikedragon32

mikedragon32 wrote:

Just out of interest, have you invested your hard earned cash on always buying Irish? Where's your PC from? What about the clothes you're wearing? What did you have for breakfast? Do you drink coffee? Do you always take your holidays in Ireland? Do you own a car?

So much interest in little old me.

To clarify, I have never been employed in a job advocating promoting an Irish product while investing all my hard earned in a foreign product.

layke wrote:

Let me break it down for you, in simple terms.

So are you going to be stupid and invest in an Irish team, or make megabucks back on a foreign team? Simple choice really imo.

Let me break it down for you, in simple terms.

Peter Ridsdale.

Bet he and the Leeds fans wish he was 'stupid' enough to invest in an Irish team and leave them £100 million richer...

aidan_walsh

Deleted User wrote:

You can confine the personal stuff to PMs surely.

Sorry it you took it personally, it wasn't intended to be. Its just that dragging democracy into a persons personal interests strikes me as, well as either silly or unsure of what the word means.

aidan_walsh

aidan_walsh wrote:

Sorry it you took it personally, it wasn't intended to be.

No problem, I have a thick skin!

Anyway
http://news.bbc.co.uk/sport1/low/football/irish/5021418.stm

So meanwhile, while Niall is involved with the eircom League, he just has no faith in it...

Is he getting paid for that?

nesf

This is rapidly becoming a soccer thread, which would be bad. Your original argument was about people spending money abroad to support sports versus them spending it on home sports. Let's stick to that one shall we and not have this thread locked.

mountainyman

I think Sunderland are just lucky. I saw a goal they scored on television.
The ball bounced off one guys head and then off another guys head and then bounced into the goal.

I mean what a re the odds?

nesf

nesf wrote:

This is rapidly becoming a soccer thread, which would be bad. Your original argument was about people spending money abroad to support sports versus them spending it on home sports.

True. The Quinn involvement was just one aspect.

Ruu_Old

If they think they can make some money then fair play, best of luck to them!

bonkey

Deleted User wrote:

...who are these people involved in the Sunderland takeover?

Business investors.

What do they do?

Invest in business ventures. Obviously.

Did they make their fortunes here?

Are you going to start complaining about incoming investment as well? If we should keep our money here, we should also expect foreigners to do likewise in their own countries.

But I'm guessing you don't get outraged at foreigners pumping millions into Ireland.

Why do they see fit to invest in a foreign football club or organisation?

They are investors. Its an investment.

Have they invested in sports facilities or football clubs here before?

None of my/our concern.

Is anyone in the public eye pointing out that it is not acceptable that vast amounts of money raised here should simply be frittered away on football abroad?

a) Who says its not acceptable
b) Its an investment. The aim of an investment is typically to make profit. Profit is not frittering away money.
c) Given that you've asked who they are and where their money comes from, it is clearly premature to assume that anyone should be asking this question because you haven't a clue as to whether or not its applicable.

It just annoys me that people who may have made money of the backs of Irish people should suddenly inject €80 million of it into some group in a foreign country.

"may have made".

Lets consider the alternates here. Its impotrant, because you're annoyed despite not knowing the details. So it could be that it annoys you that Irish people who made money off the backs of english peolpe suddenly inject €80 million of it into some group in the country they made their money in.

Or indeed it could be that Irish people who made money off the backs of Americans suddenly inject €80 million of it into some group in a foreign country after having spent millions in Ireland over the past decade"

In short, you didn't know the answers when you posted but were annoyed at whatever you're willing to assume might be the case.

Bravo

mikedragon32

Deleted User wrote:

...who are these people involved in the Sunderland takeover? What do they do? Did they make their fortunes here? Why do they see fit to invest in a foreign football club or organisation? Have they invested in sports facilities or football clubs here before? Is anyone in the public eye pointing out that it is not acceptable that vast amounts of money raised here should simply be frittered away on football abroad? Even Magnier could point to his contributions to the Limerick sporting scene.

This is not a football thread. It just annoys me that people who may have made money of the backs of Irish people should suddenly inject €80 million of it into some group in a foreign country.

Deleted User wrote:

So much interest in little old me.

To clarify, I have never been employed in a job advocating promoting an Irish product while investing all my hard earned in a foreign product.

It would seem to me you're shifting the goalposts to suit your arguement. You didn't mention anything about promoting Irish product in your OP, merely bemoaning the fact that Irish folk are investing in a foreign country.

So again, how have you invested your hard earned Irish cash that enables you to get on your hobby horse about foreign investment?

GavinZac

theres a lot of people assuming for some reason that
(a) niall quinn is providing any of the money for this takeover
(b) the investors will make money from sunderland.

astrofool

Look at it this way, if it wasn't due to the IDA getting alot of foreign multinational companies to invest in Ireland, and also alot of the EU money (alot of which comes from Britain) getting invested into Ireland, then we'd be collectively f*cked as a nation with regards economic prosperity and living standards, so to give out about Irish investing abroad is completely hypocritical.

At least you know you're wrong and are trying to backtrack out of it by claiming that if he doesn't do work for the FAI it's ok. It doesn't make a blind sh*gging bit of difference who the hell he works for. He could work for Paddy O'Toole of the biggest potato factory in all of Ireland, and choose to invest his money into Britain if he wanted.

Hitchhiker's Guide to...

lol - it takes some doing, but it has to have been one of the most stupid OP's on boards.ie in quite a while. well done conor.

Irish people investing money abroad and making profits is great for the Irish economy.

Sometimes they make bad investments and lose money - that is the nature of business.

Anyone in the country who has a pension fund, is almost certainly investing some of that money abroad - that's over a million Irish traitors. Every who goes abroad on holidays, is just randomly squandering money abroad, not even investing it.

they should all be shot! Let the man/woman who hasn't tainted their true irishness by spending/investing some of their money abroad, cast the first stone...

ejmaztec

Business people in Ireland have a long history of keeping their funds overseas. I saw somewhere that, when Ireland got it’s independence, old Dev thought that the patriotic Irish people who kept their money outside of Ireland would all plough it back in again. He assumed that this would give the fledgling economy a kick-start. Like now, the business people preferred profit to patriotism and left their loot where it was.

Roundtower2

Roundtower2 wrote:

lol - it takes some doing, but it has to have been one of the most stupid OP's on boards.ie in quite a while. well done conor.

Not the first time someone has resorted to the personal stuff. Didn't bother with the rest, presume it was in much the same vein.

Could you try to the issues and leave the 'stupid' comments to private messages or off the site anyway?

Dave!

Deleted User wrote:

Didn't bother with the rest, presume it was in much the same vein.

Fairly handy tactics there mate!

DaveMcG

DaveMcG wrote:

Fairly handy tactics there mate!

Well presumed he started off with his best point and it got worse.

I should hold my hand up of course and point out that I am biased and I follow a club in this country, although I also keep an eye out for Leeds United and have nothing against football in the UK. Or people spending money abroad. It's when someone who has made a fortune here dumps it into a foreign market that I think they are entitled to some criticism. £80 million to travel to Colchester and Southend? Maybe it's their sanity that needs questioning...