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

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Comments

  • #1112
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    irishgeo wrote: »
    Noel rock seems pretty interested.


    Rock is a fool. He doesn't seem to be willing to ask questions of his fellow blueshirts Varadkar, Simon Harris or Eoghan Murphy and the mess they are making of this country and why there is so many hospital waiting queues or huge housing lists along with a huge homeless problem.

    He is using classic distraction tactics.

    Like i said, its laughable to think that clowns could potentially be asking other clowns as to why they are such clowns. Shane Ross went over to Brazil to 'grill' Pat Hickey back in 2016 and was practically told to fúck off.


  • #1113
    MaceFace
    Closed Accounts Posts: 1,697 ✭✭✭MaceFace


    Chancer3001 wrote: »
    Donated his uefa salary last i read.

    And we live in a world where our taoiseachgets paid more than the US president.

    These disparities dont make me want to sack the board tho. The google ceo gets paid 200m a year.

    If his salary is still the main stick to beat the man...that says it all

    That is just not true.


  • #1114
    Cyrus
    Registered Users, Registered Users 2 Posts: 20,823 ✭✭✭✭Cyrus


    givyjoe wrote: »
    Except you haven't proved your point. Youre comparing the CEO of the English fa to the Irish one. Exception and rule.. ever heard of that?

    Yeah I'll get an education from you I'm sure

    Now go back and read the post I was replying to


  • #1115
    Chancer3001
    Registered Users, Registered Users 2 Posts: 5,480 ✭✭✭Chancer3001


    MaceFace wrote: »
    That is just not true.

    Oops. Wrote the wrong word.

    It was our PRESIDENT gets paid more than the us president. More than the French lad. More than putin.

    I remember reading that when obama came to visit.


  • #1116
    kippy
    Registered Users, Registered Users 2 Posts: 19,207 ✭✭✭✭kippy


    Chancer3001 wrote: »
    Oops. Wrote the wrong word.

    It was our PRESIDENT gets paid more than the us president. More than the French lad. More than putin.

    I remember reading that when obama came to visit.

    Look over there - something else. More distraction tactics.

    If you have issues with the remuneration of our president - I'd suggest you create another thread on it.

    This thread, as you might have seen is in relation to John Delaney, and by extension the FAI and Irish Soccer.

    JD's remuneration is excessive - I don't see how anyone could dissagree with that statement.


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  • #1117
    MaceFace
    Closed Accounts Posts: 1,697 ✭✭✭MaceFace


    Chancer3001 wrote: »
    Oops. Wrote the wrong word.

    It was our PRESIDENT gets paid more than the us president. More than the French lad. More than putin.

    I remember reading that when obama came to visit.

    And that is just not true either.


  • #1118
    Chancer3001
    Registered Users, Registered Users 2 Posts: 5,480 ✭✭✭Chancer3001


    MaceFace wrote: »
    And that is just not true either.

    https://www.irishcentral.com/news/irish-president-earns-more-than-obama-111512719-237730321


  • #1119
    MaceFace
    Closed Accounts Posts: 1,697 ✭✭✭MaceFace


    kippy wrote: »
    Look over there - something else. More distraction tactics.

    If you have issues with the remuneration of our president - I'd suggest you create another thread on it.

    This thread, as you might have seen is in relation to John Delaney, and by extension the FAI and Irish Soccer.

    JD's remuneration is excessive - I don't see how anyone could dissagree with that statement.

    The best question I saw posed by one of the papers (still unanswered):
    Will the new CEO be paid the same salary as JD was on, and if not, why not?


  • #1120
    Cyrus
    Registered Users, Registered Users 2 Posts: 20,823 ✭✭✭✭Cyrus


    kippy wrote: »
    JD's remuneration is excessive - I don't see how anyone could dissagree with that statement.

    im not saying i agree or disagree, i havent looked into it enough, but how many employees does the FAI have, what is its turnover?

    also adding his uefa salary in is a bit of a red herring, its a seperate gig, i presume its advantageous to the fai to have him in there, and it doesnt cost us anything. the only salary to focus on is what the FAI pay him.


  • #1121
    MaceFace
    Closed Accounts Posts: 1,697 ✭✭✭MaceFace


    Chancer3001 wrote: »
    https://www.irishcentral.com/news/irish-president-earns-more-than-obama-111512719-237730321

    Look, argue all you want, but your just wrong, and if you can't simply admit that you are mistaken in such a very basic fact, why should anyone care for anything you say.

    US President Salary: $400,000
    Irish President Salary: €249,014 (~$280k)


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  • #1122
    Brock Turnpike
    Registered Users, Registered Users 2 Posts: 3,892 ✭✭✭Brock Turnpike


    Cyrus wrote: »
    im not saying i agree or disagree, i havent looked into it enough, but how many employees does the FAI have, what is its turnover?

    the only salary to focus on is what the FAI pay him.

    Yep. An organisation that needs to take out a loan from a director, while paying said director €360k clearly shouldn't be paying him that much.


  • #1123
    Cyrus
    Registered Users, Registered Users 2 Posts: 20,823 ✭✭✭✭Cyrus


    Brock Turnpike wrote: »
    Yep. An organisation that needs to take out a loan from a director, while paying said director €360k clearly shouldn't be paying him that much.

    i would suggest that delaney was hiding funds for his ongoing divorce rather than the fai needing the funds, a short term bridging loan of 100k being required by an entity that size is utterly unbelievable.


  • #1124
    Brock Turnpike
    Registered Users, Registered Users 2 Posts: 3,892 ✭✭✭Brock Turnpike


    Cyrus wrote: »
    i would suggest that delaney was hiding funds for his ongoing divorce rather than the fai needing the funds, a short term bridging loan of 100k being required by an entity that size is utterly unbelievable.

    Sweet Jesus.


  • #1125
    Irishmale0399
    Registered Users, Registered Users 2 Posts: 3,249 ✭✭✭Irishmale0399


    Cyrus wrote: »
    i would suggest that delaney was hiding funds for his ongoing divorce rather than the fai needing the funds, a short term bridging loan of 100k being required from its CEO for whom they are paying 350k, plus rent and expenses is utterly unbelievable. Add to that the cheque was cashed in the bank they normally deal with, so why not ask them as any normal entity of that size would do.


    Fixed that for you....and dont forget he issued a receipt for the loan meaning it would have to be repaid twice...once as a loan and once as a bill. He must have some interest rates.......higher than pay day loans if that is the case.


  • #1126
    Cyrus
    Registered Users, Registered Users 2 Posts: 20,823 ✭✭✭✭Cyrus


    Irishmale0399 wrote: »
    Fixed that for you....and dont forget he issued a receipt for the loan meaning it would have to be repaid twice...once as a loan and once as a bill. He must have some interest rates.......higher than pay day loans if that is the case.

    is there any proof it was repaid twice?


  • #1127
    Irishmale0399
    Registered Users, Registered Users 2 Posts: 3,249 ✭✭✭Irishmale0399


    Cyrus wrote: »
    is there any proof it was repaid twice?


    No but the FAI have admitted that an invoice was issued and that the loan was repaid. Simple double entry book keeping at leaving cert level tells you if its a loan or a bill it has to be treated differently.


    Hence in a double entry system he would have had the loan repaid and still had an open entry in the accounts for an invoice open....meaning the books would never have balanced at the end of the financial year.


  • #1128
    Cyrus
    Registered Users, Registered Users 2 Posts: 20,823 ✭✭✭✭Cyrus


    Irishmale0399 wrote: »
    No but the FAI have admitted that an invoice was issued and that the loan was repaid. Simple double entry book keeping at leaving cert level tells you if its a loan or a bill it has to be treated differently.


    Hence in a double entry system he would have had the loan repaid and still had an open entry in the accounts for an invoice open....meaning the books would never have balanced at the end of the financial year.

    can you provide a link to where the fai admitted an invoice was issued, not doubting you i just havent read that so want to understand what was said.

    you are also assuming the invoice was entered into the accounts and the loan also recorded.


  • #1129
    Irishmale0399
    Registered Users, Registered Users 2 Posts: 3,249 ✭✭✭Irishmale0399


    Cyrus wrote: »
    can you provide a link to where the fai admitted an invoice was issued, not doubting you i just havent read that so want to understand what was said.

    you are also assuming the invoice was entered into the accounts and the loan also recorded.


    Sorry FAI havent admitted it but here you can read it all:

    https://www.independent.ie/sport/soccer/international-soccer/ewan-mackenna-why-the-fais-predictable-silence-cant-be-considered-either-an-answer-or-good-enough-37965302.html


    "
    In April of 2017, John Delaney says he loaned his employer €100,000. The way this works in bookkeeping is the FAI would debit their bank account as they received money, and they credit a loan account for money they owe to that person or institution. As the Sunday Times reported, an invoice was then received and a remittance issued in July of 2017. However when someone produces an invoice, that's not a loan, and the double entry in that case is you debit an expense and credit a creditor's ledger account. At that point he's now owed €200,000.
    If you are lost, it's okay. One expert that has studied the accounts tells us, "In layman's terms, the books say they paid him back €100,000 and that means he's still owed another €100,000, or there was a further payment of €100,000 to him to clear whichever was outstanding, be that the loan or the creditor's ledger entry. Either that or them saying the invoice that was produced was a mistake.""

    Additionally from the article he tried to stop with the court injunction by Mark Tighe:
    John Delaney, chief executive of the Football Association of Ireland (FAI), ... Last night the FAI boss failed in an emergency application before the ... The remittance of €100,000 is said to have been paid based upon an invoice. ... stated that he provided the FAI with a €100,000 bridging loan in April 2017.


  • #1130
    DrumSteve
    Registered Users, Registered Users 2 Posts: 10,798 ✭✭✭✭DrumSteve


    Irishmale0399 wrote: »
    Sorry FAI havent admitted it but here you can read it all:

    https://www.independent.ie/sport/soccer/international-soccer/ewan-mackenna-why-the-fais-predictable-silence-cant-be-considered-either-an-answer-or-good-enough-37965302.html


    "
    In April of 2017, John Delaney says he loaned his employer €100,000. The way this works in bookkeeping is the FAI would debit their bank account as they received money, and they credit a loan account for money they owe to that person or institution. As the Sunday Times reported, an invoice was then received and a remittance issued in July of 2017. However when someone produces an invoice, that's not a loan, and the double entry in that case is you debit an expense and credit a creditor's ledger account. At that point he's now owed €200,000.
    If you are lost, it's okay. One expert that has studied the accounts tells us, "In layman's terms, the books say they paid him back €100,000 and that means he's still owed another €100,000, or there was a further payment of €100,000 to him to clear whichever was outstanding, be that the loan or the creditor's ledger entry. Either that or them saying the invoice that was produced was a mistake.""

    Additionally from the article he tried to stop with the court injunction by Mark Tighe:
    John Delaney, chief executive of the Football Association of Ireland (FAI), ... Last night the FAI boss failed in an emergency application before the ... The remittance of €100,000 is said to have been paid based upon an invoice. ... stated that he provided the FAI with a €100,000 bridging loan in April 2017.

    ****ing hell.

    If that's the case he's up **** creek.


  • #1131
    Irishmale0399
    Registered Users, Registered Users 2 Posts: 3,249 ✭✭✭Irishmale0399


    DrumSteve wrote: »
    ****ing hell.

    If that's the case he's up **** creek.


    I would assume this is the real reason that he was trying to prevent it making the papers.


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  • #1132
    Cyrus
    Registered Users, Registered Users 2 Posts: 20,823 ✭✭✭✭Cyrus


    Irishmale0399 wrote: »
    Sorry FAI havent admitted it but here you can read it all:

    https://www.independent.ie/sport/soccer/international-soccer/ewan-mackenna-why-the-fais-predictable-silence-cant-be-considered-either-an-answer-or-good-enough-37965302.html


    "
    In April of 2017, John Delaney says he loaned his employer €100,000. The way this works in bookkeeping is the FAI would debit their bank account as they received money, and they credit a loan account for money they owe to that person or institution. As the Sunday Times reported, an invoice was then received and a remittance issued in July of 2017. However when someone produces an invoice, that's not a loan, and the double entry in that case is you debit an expense and credit a creditor's ledger account. At that point he's now owed €200,000.
    If you are lost, it's okay. One expert that has studied the accounts tells us, "In layman's terms, the books say they paid him back €100,000 and that means he's still owed another €100,000, or there was a further payment of €100,000 to him to clear whichever was outstanding, be that the loan or the creditor's ledger entry. Either that or them saying the invoice that was produced was a mistake.""

    Additionally from the article he tried to stop with the court injunction by Mark Tighe:
    John Delaney, chief executive of the Football Association of Ireland (FAI), ... Last night the FAI boss failed in an emergency application before the ... The remittance of €100,000 is said to have been paid based upon an invoice. ... stated that he provided the FAI with a €100,000 bridging loan in April 2017.

    an accounting lesson from Ewan McKenna, that was a tough read.

    anyway, thats all conjecture, as mckenna doesnt know how it was actually recorded in the books, i presume it was recorded one way or another but not both as much as he is trying to intimate otherwise.


  • #1133
    Cyrus
    Registered Users, Registered Users 2 Posts: 20,823 ✭✭✭✭Cyrus


    Irishmale0399 wrote: »
    I would assume this is the real reason that he was trying to prevent it making the papers.

    the reason given in the injunction hearing was that it was a family law matter, which brings you back to the ongoing divorce proceeding at the time.


  • #1134
    Irishmale0399
    Registered Users, Registered Users 2 Posts: 3,249 ✭✭✭Irishmale0399


    Cyrus wrote: »
    an accounting lesson from Ewan McKenna, that was a tough read.

    anyway, thats all conjecture, as mckenna doesnt know how it was actually recorded in the books, i presume it was recorded one way or another but not both as much as he is trying to intimate otherwise.


    McKenna also states in his peice that he was advised by accountants, on his twitter page he stated that he was getting the legal pieces and advise correct before publishing. Hence why I would assume he has something in his hands which backs up his claim.

    The original piece in the Times which JD tried to have stopped clearly put the invoice/loan issue in its court defence and they published it also. Surely if that was false information the judge would have upheld the injunction???


    It all doesnt sit right and if it was straight forward JD wouldnt have tried to stop it being published, it also would not have delayed his committee appearance planned for Dec. (in the meantime the FAI changed a number of things to aline with Sport Ireland/UEFA rules, admitted they have sold LOI TV rights...) and he certainly would have come out and answered questions or called for a full audit of the FAI by an independant group. Silence isnt golden in this case and the teflon is going rough as things are sticking.


  • #1135
    Irishmale0399
    Registered Users, Registered Users 2 Posts: 3,249 ✭✭✭Irishmale0399


    Cyrus wrote: »
    the reason given in the injunction hearing was that it was a family law matter, which brings you back to the ongoing divorce proceeding at the time.


    Would you walk into a court and tell the judge you wanted an injunction to prevent the world knowing you were cooking the books?? Would you admit you were mis-using public money???


    The divorce was only an excuse if you ask me, an attempt to save his own backside and probably the reason the judge said the whole thing was of public interest....hence its publishing.


  • #1136
    Chancer3001
    Registered Users, Registered Users 2 Posts: 5,480 ✭✭✭Chancer3001


    The fai already released info on the 100k. He wasnt paid twice nor is he still owed

    He lent the cash. Got it back fairly quickly after.

    Job done.

    People are grasping at straws.


  • #1137
    Irishmale0399
    Registered Users, Registered Users 2 Posts: 3,249 ✭✭✭Irishmale0399


    Chancer3001 wrote: »
    The fai already released info on the 100k. He wasnt paid twice nor is he still owed

    He lent the cash. Got it back fairly quickly after.

    Job done.

    People are grasping at straws.


    Would they have made the info public had no jounalist/whistleblower come forward?? Always easy to say things when you are caught out.


    Job is far from done as the root of the problem still sits over Irish football.


    As for grasping at straws.....maybe that is what JD is not doing....saving his career and trying to keep hold of the gravy train.


  • #1138
    Chancer3001
    Registered Users, Registered Users 2 Posts: 5,480 ✭✭✭Chancer3001


    Irishmale0399 wrote: »
    Would they have made the info public had no jounalist/whistleblower come forward?? Always easy to say things when you are caught out.


    Job is far from done as the root of the problem still sits over Irish football.


    As for grasping at straws.....maybe that is what JD is not doing....saving his career and trying to keep hold of the gravy train.


    Wouldthey release a statememt saying we took a loan and we paid it back?

    Nobody would have cared


  • #1139
    Irishmale0399
    Registered Users, Registered Users 2 Posts: 3,249 ✭✭✭Irishmale0399


    Chancer3001 wrote: »
    Wouldthey release a statememt saying we took a loan and we paid it back?

    Nobody would have cared


    That would have been normal business, something which would have been transparent in the accounts.



    Is it normal for the CEO to give a company he doesnt own and that is run on large amounts of public funding to give that company a loan??? Is it normal for the same company to breach Sport Ireland policy by not informing them of the need for a short term loan???


    Open your eyes or get back to the FAI desk.


  • #1140
    Chancer3001
    Registered Users, Registered Users 2 Posts: 5,480 ✭✭✭Chancer3001


    No idea if its normal or not. Based on the 1 case i know of (the fai) it seemed normal. So i cant say that its not.

    What sport ireland policy did they breach?

    Must work for the fai...yawn. primary school debating level


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  • #1141
    Irishmale0399
    Registered Users, Registered Users 2 Posts: 3,249 ✭✭✭Irishmale0399


    Chancer3001 wrote: »
    No idea if its normal or not. Based on the 1 case i know of (the fai) it seemed normal. So i cant say that its not.

    What sport ireland policy did they breach?

    Must work for the fai...yawn. primary school debating level


    https://www.sportireland.ie/Media/Latest_News/Sport%20Ireland%20Statement%20on%20FAI.html


    "Sport Ireland was not notified at any stage in 2017 about any apparent material deterioration in the FAI’s financial position, as per Sport Ireland’s Terms and Conditions of Grant Approval, and has sought additional clarification in relation to this matter."


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