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

major bill wrote: »

I could be wrong but I don't think Peak6 were involved with Dundalk at that point.

I think they were engaged in attempting to buy it, or atleast DFC wanted investment so the both DFC and peak6 would want DFC to have all the money it was suppose to have.

Chancer3001 wrote: »

No. Dundalk asked for it to be paid in incrememnts.

Where do you see this?

D14Rugby wrote: »

Which would actually be illegal considering its well not their money. You can't invest someone else's money without their explicit permission



If the FAI have been earning interest on the clubs money while holding it back and not passing the interest on that too is illegal.

Woah woah, where are you getting that from? If they were holding it back as requested by Dundalk, there is nothing illegal about them earning interest while it sits in a bank. No different to large corporations where staff wages are paid monthly and may be sitting in an account earning interest. There's no obligation for your employer to pass on the interest earned, while the money was just resting in their account.

givyjoe wrote: »

Woah woah, where are you getting that from? If they were holding it back as requested by Dundalk, there is nothing illegal about them earning interest while it sits in a bank. No different to large corporations where staff wages are paid monthly and may be sitting in an account earning interest. There's no obligation for your employer to pass on the interest earned, while the money was just resting in their account.

At companies you sign a contract saying you get paid at a certain time and until then you're earning that money. Dundalk already earned that money, for one reason or another it was in an FAI account but it was still Dundalks money thus any interest earned on it is also dundalks. In a big corporation you aren't paid until a set date and until that point that is the company's money, that's the difference.

I can see why Dundalk mightn’t want it all in one go. Sometimes in a smaller organization cash could burn a hole in someone’s pocket. If it all landed in one go the temptation may be there to start spending on non essential things. I know in my sports club we are in negotiations over some land and someone said the last thing we want is cash.

givyjoe wrote: »

Where is the illegal bit? Which law did they break?

GDPR.
Just say GDPR

It works every time

Necro wrote: »

Not saying it's illegal but it doesn't seem right.
You'd agree the FAI should undertake to having an independent forensic audit of all of their accounts though?

Might even give some more confidence if their books turned out to be fine afterwards.

But Necro they have grant Thornton and mazars doing internal reviews it's all fine....

And no they won't release the report.

Dundalk it is suggested asked for the FAI to hold UEFA money and for it to be payed in tranches set out. Why that arrangement was made we can only speculate. Maybe it was was in the interest of Dundalk FC to do this for example on taxation issues, maybe it was to do with a pending purchase/valuation of the club that would be based on cash reserves, or maybe it was simply for 'safe keeping'. It could also have been something than was done on request of the FAI to assist with their issues. I doubt though that it would ever have been anticipated that there would have been any issue subsequently seeking to draw down parts of those monies. If that money as claimed by the FAI was held in a seperate 'UEFA prrizemoney' account' I fail to see why that money could not just have been transferred to the operational FAI bank account and then transferred from there to Dundalk FC. If that wasnt possible then why, what was the issue with the account in which UEFA money was held, why a simple transfer from that account couldnt have been made instead of a personal cheque from JD to cover things. There is additional reporting that Dundalk were asked to delay their draw down of their prizemoney to a later date in April, this was asked directly at the Oireachtas committee and wasnt answered.

We can only speculate on why this arrangement came to pass. If the FAI confirm that Dundalk were the creditor that caused this issue to unfold I would subsequently expect Dundalk to clarify the detail of why these arrangements were made. This might be difficult now that ownership has changed mind. But for as long as the FAI dont confirm who pushed them to the limit of their ability to pay from their operational accounts I highly doubt the the creditor or creditors in question will make any clarification.

We move on to the of SI in front of the committee next week and see what they have to add eg why they finally came to the decision to suspend funding. From what happens at this next meeting it is likely that we will see the FAI back subsequently also.

I still dont understand the evasiveness if there is little more than the issue of poor judgement on a short term bridging loan from an employee. It is creating further suspicion and possible scrutiny for the FAI. JD is not a generally popular individual for whatever reasons and he did nothing to improve that perception. He could have answered what Conway did and at least look like he was engaging with the process. Maybe he feared being cornered and is not able to think on his feet and perfrom as Conway did in batting away difficult questions.

With the growing dissension from within footballing circles, grassroots, LFA and possibly more to come as local leagues hold their committee meetings over the coming weeks pressure will grow. This change in the percieved support of JD specifically among sectors of the game has imo been caused by the uncomfortable nature of the Dept committee and they way in which Delaney conducted himself. Even his body language was that of contempt of certain members I felt. He has pushed the legal bullying and stonewalling a step too far as it was a public spectacle of his tactics rather than the former suppression of any questions of him!

This is a pivitol moment on how his career at the FAI will be judged in due course and any positive contribution could well be overshadowed by this process. It is the nature of public society generally to remember the negative first, it is also common for latter conduct to be the guage by which someone is judged not that of achievemnets earlier in a reign. I suspect that there is more to come simply as a lot more digging will be done, and the legal fear factor around JD among media editors is now broken so by that alone previously unreported issues could crop up. Whistleblowers if there is anything to whistleblow about will be garnered by this too. If another appearance in front of an Oireachtas Committe happens the committee will be better armed and better prepared for what they will face from the FAI based on recent experience. There certainly wont be the leeway to be as unprepared for the questions asked of the FAI and deferring answers to have a check up on things.

I see no reason why the remit cannot be expanded to include former employees eg CEO/CFO if they are willing, to get a better picture of the process by which governance issues recommended in the past were not implemented and why.

The Gibraltar match is the perfect one to boycott. It’s out next competitive match, that isn’t actually competitive!

I can’t wait to see the fall out and reporting if the fans actually do make a stand!!!

Corholio wrote: »

football rarely is the same as club football in that respect, you will never have a Blackpool situation for example where the fans took a stand and stayed away while Oyston was owner. They also won't work because some want to 'support their country' regardless and wear it like a badge of honour and add another programme to the collection. Football is more than football, not sometimes, but most of the time.
.

You mean convicted rapist Owen Oyston? Who raped a 16 year old when he was almost 60? That Oyston?

Just regarding the fai and audits.

Im pretty sure there is an independent annual audit of their finances.

There have been triple audits by SI to ensure SI money is spent properly. All which came back positive.

And the FAI publishes its accounts at the end of the year free for everybody to read on their website.