John Delaney at the FAI Thread - (Mod Notes in OP)

kippy

Irishmale0399 wrote: »

Tax issues will mean a slap on the wrist....he will walk away with a smile on his face.

Again, as I said above, I don't disagree with that either.

EltonJohn69

Should John Delaney assets be sized and be offered as league of Ireland prizes ? The mansions, the cars, the Tommy Hillfigure clothing etc.

Zebra3

EltonJohn69 wrote: »

Should John Delaney assets be sized and be offered as league of Ireland prizes ? The mansions, the cars, the Tommy Hillfigure clothing etc.

His Lansdowne Road birthday cake, if it still exists, would be better than some LoI grounds.

CrabRevolution

EltonJohn69 wrote: »

Should John Delaney assets be sized and be offered as league of Ireland prizes ? The mansions, the cars, the Tommy Hillfigure clothing etc.

I have little confidence that anything will stick to him in the legal case, and even then it probably only covers a very limited number of activities he got up to in the FAI, so there's no chance of him being down much money afterwards.

But to me the biggest problem of all is that the vast majority of his activity in the FAI probably wasn't illegal. He had a gang of yes men who rubber stamped every payment and favour that went his way so none of it would have broken any FAI rules.

It sickened me seeing the rump FAI who spent years licking Delaney's boot giving out that the government were expecting accountability and attaching too many conditions to the €30 Million bailout the FAI got in January 2020. They reckoned we need "proper football people" in charge of the FAI, despite the fact these same "proper football people" were silent for the previous 2 decades as Delaney ran Irish soccer into the ground.

BonnieSituation

Surely the "reversion" is not news at all?

I mean, I have long-known about it as well.

johnnyryan89

Stadium was always reverting back to the IRFU, Lansdowne Road was their stadium. Kick them out and tell them **** off to Tallaght or Dalymount.

Agent Coulson

The FAI will still be trying to pay off there share of the stadium in 2040 anyway.

IRFU will probably just offer to take over the payments in return for full ownership.

plibige

BonnieSituation wrote: »

Surely the "reversion" is not news at all?

I mean, I have long-known about it as well.

My understanding was it was public knowledge of it reverting back in 2070, but this option of 2040 is news to me

topmanamillion

sugarman wrote: »

TL;DR The FAI could be homeless in 2040. Thanks John.

No chance the IRFU will buy them back. Why would they buy a stadium they already have the use of? It reverts back to their full ownership around 2070 anyway.

It'd be a great scenario for the FAI to get a hand with the debt and presumably just rent the aviva when they need it.

yabadabado

plibige wrote: »

My understanding was it was public knowledge of it reverting back in 2070, but this option of 2040 is news to me

That was my take on it as well.FAI had a 60 year agreement in place and then it reverted back.If it comes to pass that the IRFU can take the option at 50c a share in 2040 it surely another massive **** up from FAI.

artanevilla

topmanamillion wrote: »

No chance the IRFU will buy them back. Why would they buy a stadium they already have the use of? It reverts back to their full ownership around 2070 anyway.

It'd be a great scenario for the FAI to get a hand with the debt and presumably just rent the aviva when they need it.

Why wouldn't they if the option is for half the fair value? They get the full stadium on their balance sheet for cheap and can start charging the FAI rent, which they can use for inevitable renovation in 2070.

yabadabado

topmanamillion wrote: »

No chance the IRFU will buy them back. Why would they buy a stadium they already have the use of? It reverts back to their full ownership around 2070 anyway.

It'd be a great scenario for the FAI to get a hand with the debt and presumably just rent the aviva when they need it.

Get full ownership of the stadium 30 years earlier than what was expected.
The company running LR usually has 6/7 million operating profit each year and IRFU would be getting all that while also charging FAI rent to play there.

topmanamillion

artanevilla wrote: »

Why wouldn't they if the option is for half the fair value? They get the full stadium on their balance sheet for cheap and can start charging the FAI rent, which they can use for inevitable renovation in 2070.

While simultaneously taking on all the running costs and the dissolution of the management company which would have tax implication.
The lions share of the €6-7 million profit from LR is mostly generated through the IRFU and concerts.
Oman 3 times a year and the FAI cup isn't doing it!

The IRFU had zero interest in buying out the FAI at a reduced cost last year, I don't see why they'd bother 20 years from now.

kippy

topmanamillion wrote: »

While simultaneously taking on all the running costs and the dissolution of the management company which would have tax implication.
The lions share of the €6-7 million profit from LR is mostly generated through the IRFU and concerts.
Oman 3 times a year and the FAI cup isn't doing it!

The IRFU had zero interest in buying out the FAI at a reduced cost last year, I don't see why they'd bother 20 years from now.

It's a fair point though mentioned in the article. Things could be and will be completely different in 20 years time.
A lot of these long term deals only really look good or bad with the benefit of major hindsight. At the very least different people will be making decisions.

Either way it's hard to see any benefit in any of this for Irish Soccer.
Yet another disaster.

topmanamillion

kippy wrote: »

It's a fair point though mentioned in the article. Things could be and will be completely different in 20 years time.
A lot of these long term deals only really look good or bad with the benefit of major hindsight. At the very least different people will be making decisions.

Either way it's hard to see any benefit in any of this for Irish Soccer.
Yet another disaster.

The stadium deal was an absolutely excellent one for the FAI and should have been a golden opportunity to push the sport in this country. Joint tenancy in a state of the art 50,000 stadium for 60 years for the equivalent of just over €1 million/year. There's plenty of big club sides around Europe that would bite your hand off for that.

Instead through greed and lies(the vantage club ticket fiasco) Delaney managed to turn it into a millstone that will hang around football in this country for decades to come, all the while the IRFU have done things the correct way.

Who knows what happens in 2040, right now we've a dysfunctional domestic league struggling to support 20 senior clubs, a rag tag international side and a bankrupt football association. That's enough to be thinking about now without trying to predict the future.

TheCitizen

sugarman wrote: »

Its not, thats the one thing that was known from the outset. A 99 year lease.

What is news, is the details of clauses inserted where by it can be cut short by the IRFU to a 30 year lease in 2040 if the stadium is to be assessed then and if the cost of refurbishment is deemed to be 25% or more of the cost of new build. Which is entirely possible.

As well as them being able to buy the FAI's shares at HALF their value.

The reality is, the FAI will most likely have just paid off their Stadium debt by 2040 and then have no home.

Its a bad deal, made an awful lot worse.

We were supposed to be "debt free" by 2020.

For the money spent on a 30 year lease for the AVIVA, we could have had Eircom Park or similar built and in full FAI ownership. While we'd still be paying off the debt, we'd still have had something to show for it at the end.

Can’t get my head around that deal. Why pay all that debt for something you won’t own. Basically a tenancy agreement but pretending to own it for a few years.

topmanamillion

TheCitizen wrote: »

Can’t get my head around that deal. Why pay all that debt for something you won’t own. Basically a tenancy agreement but pretending to own it for a few years.

The IRFU owned the land and by the time the tenancy agreement expired it`d be time to look at redeveloping again or certainly undertaking major renovations as LR would be 50 odd years old. So time to negotiate a new agreement.

The IRFU handled premium ticket sales well and priced them appropriately and promptly cleared their stadium debt which was the same amount as the FAIs. The FAI did everything but that.

This deal for the IRFU to buy back complete control in 2040, even at a reduced rate, should have been something to look forward to as a cash injection if the option was taken up. Which I don`t believe they will. Why would they give 20-30 million to a basket case sporting organisation with no discernible benefit to the IRFU, to then attempt to recoup the money from the FAI in rent over the next few decades?

Essentially, what should have happened was the FAI should have been debt free within 10-15 years of LR opening i.e around now. With gate receipts/tournament money flowing into the local game here. Of course that didn`t and wont happen now. Instead every spare cent will go into debt repayment for decades to come.

shanec1928

he must be starting to get nervous at this stage.

She expressed her hope that the hearings will have concluded before the end of the legal year in July.

https://www.thejournal.ie/odce-fai-delaney-court-5440782-May2021/

Seth Brundle

John Delaney UK consultancy firm to be struck off for failing to file returns
https://www.irishexaminer.com/news/arid-40326851.html

johnnyryan89

Seth Brundle wrote: »

John Delaney UK consultancy firm to be struck off for failing to file returns
https://www.irishexaminer.com/news/arid-40326851.html

As Del Boy would say, "it's in the post".

joeysoap

It just shows his complete lack for authority. He’ll survive and move on. Probably has already. I don’t suppose he even gave it any thought.

greenspurs

Classic UEFA ...

Youd think they had something they wanted to keep hidden .... ?

https://www.irishexaminer.com/sport/soccer/arid-40761345.html

Hotblack Desiato

Sure they can't even get drawing balls out of a bowl right...

Stanley 1

www.thetimes.co.uk

"Almost two years and 35 court appearances since a legal dispute began over which emails seized by gardai from the FAI’s headquarters were covered by legal privilege, there is no imminent sign of the final whistle being blown.

At a recent event that attracted a number of Irish businessmen, Delaney offered his views on Stephen Kenny’s tenure as Ireland manager while saying he expected the ODCE investigation to drag on for some time yet.

She warned Paul McGarry, Delaney’s senior counsel, that she could find Delaney in contempt of court".

The boys at the ST must be halfway through writing the epilogue.

Reynolds should give Del Boy a couple of weeks in the Joy, slopping out, to contemplate his position, it really is time to call this case, then FAI demand return of monies and bankrupt the cant.

How long before Del Boy asks for legal aid.

trashcan

https://www.boards.ie/discussion/comment/116722769#Comment_116722769

Don’t forget Bertie Aherns role in scuppering Eircom Park either, for the sake of his own vanity project.

salmocab

https://www.boards.ie/discussion/comment/118408152#Comment_118408152

Although eircom park would be a massively underused stadium too far away from the city to bring much else in. I would be surprised if if it had happened the FAI would have made a go of it and think it more likely they would be bankrupted by it.

Stanley 1

https://www.boards.ie/discussion/comment/118410719#Comment_118410719

They are more or less bankrupt now, without State intervention since Delaney went, it would not exist and Jon Hill and Robbie Keane would not be on 250k each per annum.

It's about time the new Board got serious and send a solicitor's letter to Delaney asking for their monies back + all penalties paid to the Rev, this would start the intent rolling.

Stanley 1

https://www.boards.ie/discussion/comment/117203233#Comment_117203233

The year has passed and the case rolls on, Delaney due back into court, maybe if the Judge gives him a fortnight in the Joy for contempt, ask him to reflect on his position in between slopping out.

salmocab

https://www.boards.ie/discussion/comment/118410904#Comment_118410904

Yeah but if they’d ploughed in with eircom I would think it likely that they’d no longer own it at this stage, be in debt and having to rent it for games. At least with the aviva they part own a stadium that gets reasonable use. They might have got a better deal but in fairness the irfu brought more money and the actual land to the table.

Stanley 1

https://www.boards.ie/discussion/comment/118411106#Comment_118411106

The Eircom proposal was abused by politicians, in particularly Ahern, a "man" who always spoke with forked tongue and used it to distract from his many troubles at the Mahon Tribunal, not to sure the IRFU would listen very much to his claptrap, a large Stadium goes far beyond the winning of a single GE.