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

Cyrus · 12-04-2019 04:34PM

Nesta99 wrote: »

Audits based on figures given by the FAI, which have been found to have ommitted details hence the call for a forensic audit of their accounts. If their accounts were audited normally again they would be the same as before bar an annotation in the 2017 accounts. A forensic audit could differ from accounts submitted for audit previously.

auditors can access whatever documents they want. the details werent omitted they couldnt have been as it would have been an entry in the bank accounts. It wasnt a material amount so probably didnt warrant any further investigation and the fai didnt disclose it as a related party transaction.

secman · 12-04-2019 04:38PM

Chancer3001 wrote: »

Maybe dundalk didmt know.

Or if they did know, maybe they wrongly assumed the FAI had access to 300k fairly quickly.

Maybe at other times of the year the FAI did have access to that cash (profit etc etc)

Or maybe you dont want to admit how shambolic Wednesday proceedings were from FAI

mugsymugsy · 12-04-2019 04:44PM

Cyrus wrote: »

auditors can access whatever documents they want. the details werent omitted they couldnt have been as it would have been an entry in the bank accounts. It wasnt a material amount so probably didnt warrant any further investigation and the fai didnt disclose it as a related party transaction.

Anyway like myself and others have said what's the harm in a forensic independent audit.

If there is no issue then the fai shouldn't have a problem.

One issue is though it was a material amount as it according to delaney saving the fai breaching their overdraft limit. Still it's amazing only 3 people on the board knew about it until 2 years later and only because a journalist was going to print a story.

secman · 12-04-2019 04:45PM

Awesomeness wrote: »

I wont go to another game while Delaney is there. It will be tough when big games come round and probably wont make a bit of difference but I cant support that farce of an organization any longer

I'm doing it prob 8 to 10 yrs now and have been advocating it for years, only way to clear that shower of mushrooms and Delaney out.

Cienciano · 12-04-2019 04:46PM

Corholio wrote: »

I don't think I get your point? Blackpool fans problem with him and his family go way beyond that.

Any time he's mentioned Blackpool fans drop in the bit about him being a rapist. Just continuing that tradition

mugsymugsy · 12-04-2019 04:46PM

Also if there is no issues with the fai how come the answers to the questions from Wednesday haven't been released to the media.

Bit odd all this secrecy and lack of transparency.

Cyrus · 12-04-2019 04:52PM

mugsymugsy wrote: »

Anyway like myself and others have said what's the harm in a forensic independent audit.

If there is no issue then the fai shouldn't have a problem.

One issue is though it was a material amount as it according to delaney saving the fai breaching their overdraft limit. Still it's amazing only 3 people on the board knew about it until 2 years later and only because a journalist was going to print a story.

thats not how materiality is measured though.

secman · 12-04-2019 04:57PM

Cyrus wrote: »

auditors can access whatever documents they want. the details werent omitted they couldnt have been as it would have been an entry in the bank accounts. It wasnt a material amount so probably didnt warrant any further investigation and the fai didnt disclose it as a related party transaction.

Dont forget that top 4 auditing firms signed off on Anglo Irish Bank and Irish Nationwide Building Society Financial Statements and made no reference to huge sums, billions being deposited in Anglo Bank just before year end to give the impression they were deposit cash rich, and then returned to Irish Nationwide Building Society just after the year end. A very routine audit practice to examine post balance sheet events to check if any significant transactions after year end impacted on the Financial statements being audited would have picked this up, a trainee accountant would have picked this up, Stevie Wonder would have too, yet it was never reported nor reflected in the signed off financial statements, independence of Auditors fot you !

mugsymugsy · 12-04-2019 05:01PM

Cyrus wrote: »

thats not how materiality is measured though.

Ok we can agree to disagree on this.... how about an independent forensic audit that will clear up how it was handled and just in case anything else is odd that might have been missed.

Chancer3001 · 12-04-2019 05:04PM

secman wrote: »

Cyrus wrote: »

auditors can access whatever documents they want. the details werent omitted they couldnt have been as it would have been an entry in the bank accounts. It wasnt a material amount so probably didnt warrant any further investigation and the fai didnt disclose it as a related party transaction.

Dont forget that top 4 auditing firms signed off on Anglo Irish Bank and Irish Nationwide Building Society Financial Statements and made no reference to huge sums, billions being deposited in Anglo Bank just before year end to give the impression they were deposit cash rich, and then returned to Irish Nationwide Building Society just after the year end. A very routine audit practice to examine post balance sheet events to check if any significant transactions after year end impacted on the Financial statements being audited would have picked this up, a trainee accountant would have picked this up, Stevie Wonder would have too, yet it was never reported nor reflected in the signed off financial statements, independence of Auditors fot you !

So youre saying an audit would probabaly be a waste of time cos you couldn't trust the answers Anyways?

Irishmale0399 · 12-04-2019 05:41PM

Held back on this but I will put it into the round. I personally know both former DFC owners personally as being very astute businessmen....who had the club at heart. Would do nothing to damage the club or its fans.

Anyway

1. DFC get money....FAI claim they were asked to look after it and pay it out in installments.
a. Lads feared tax payments or other expenses/bonuses related to their takeover??

b. They were trying to sort out legal details in the background with G Mattews and didnt want the cash in the company account in case problems arose??

c. The FAI told them how the payments would be made in exchange for a license to take part in the LOI. The club didnt own the lease to Oriel for a long time and as a result could have been excluded........

Added to that:
1. Former FAI President, honary sec., DFC Chairman and UEFA exec. family owns Oriel and leases it to the club. Critisied JD for the 5 million he took of Sepp....promptly his vip tickets for the Aviva stopped being sent out and after written requests he never got replies.

2. Former DFC owners were looking at ways to improve the club, investors, upgrading Oriel, greenfield.......Did the FAI promise them the stadium replacing Utd. Park would be in Dundalk if they left money in their account in exchange for lobby work etc.???

3. Did Peak6 insist on full (all monies in them) accounts during due diligence.....the investor could buy the LOI, every club in it and pay off the Aviva tomorrow without any problems...new level for Delany to deal with. He has since felt the pressure from real business men having nothing to lose who know the professional game from experience in UK, Italy, Denmark or US...

Are they the ones behind his fall, friends with Casey, former owners....who is feeding the press??
The following things I have noticed....or considered.
a. DFC chairman asks the FAI about streaming rights, then asks fans on twitter if they would pay monthly to watch their team.
A few days later the FAI are announcing clubs can show highlights on social media during games and RTE own rights to all games.
b. Do Peak6 feel change is needed before the LOI and FAI jointly control the LOI. Have they plans JD is blocking?? Maybe US style setup??

The list goes on and one thing is for sure....I wouldnt trust one member of the board nor will I attend an Ireland game home or away until a complete change happens.

expectationlost · 12-04-2019 06:17PM

so companies like peak6 invest in smaller football clubs like Dundalk because they were doing well in the UEFA league and were getting a share in TV rights money that is based on people watching the larger clubs? They see it as cheap high return bet? Is it also at the same time a property play to redevelop stadiums and build apartments at some point?

Irishmale0399 · 12-04-2019 06:26PM

expectationlost wrote: »

so companies like peak6 invest in smaller football clubs like Dundalk because they were doing well in the UEFA league and were getting a share in TV rights money that is based on people watching the larger clubs? They see it as cheap high return bet? Is it also at the same time a property play to redevelop stadiums and build apartments at some point?

They certainly see the potential to earn money through Euro competitions, market developement and potential TV deals etc.

However based on the conditions of the lease and location of Oriel Park they will never be in a position to build appartments at any point on the current site. Lease clearly states the ground Oriel is built on is only to be used for football and can only be used in connection with DFC.
Means if the club ever goes tits up it will always have a home...regardless of its condition.

12-04-2019 06:29PM

Varadkar now weighing in.

Will surely bolster Sport Ireland's position and make the reinstatement of grants less likely. Another cut in the death by a thousand that Delaney seems to be going through.

He also mentions the ODCE, which has more extensive powers than the farce we saw midweek.

Such a nice start to the weekend for us all.

https://www.irishtimes.com/news/ireland/irish-news/delaney-was-within-his-legal-rights-to-stay-silent-says-varadkar-1.3858737?localLinksEnabled=false

expectationlost · 12-04-2019 06:39PM

Irishmale0399 wrote: »

They certainly see the potential to earn money through Euro competitions, market developement and potential TV deals etc.

However based on the conditions of the lease and location of Oriel Park they will never be in a position to build appartments at any point on the current site. Lease clearly states the ground Oriel is built on is only to be used for football and can only be used in connection with DFC.
Means if the club ever goes tits up it will always have a home...regardless of its condition.

leases and planning zoning can change
only football ? what about multilsports and concert venue ? and flats? https://www.independent.ie/regionals/argus/sport/soccer/grounds-for-concern-dundalk-must-act-fast-37301405.html

Chancer3001 · 12-04-2019 06:46PM

VARADKAR "WEIGHS IN"

“The truth is that he was within his legal rights not to answer those questions. He is not a public servant and therefore is not accountable to the Oireachtas,” he said

Ouch. What a body blow.

Arghus · 12-04-2019 06:48PM

Chancer3001 wrote: »

VARADKAR "WEIGHS IN"

“The truth is that he was within his legal rights not to answer those questions. He is not a public servant and therefore is not accountable to the Oireachtas,” he said

Ouch. What a body blow.

He said more than that, but of course you know that.

The net is tightening.

Chancer3001 · 12-04-2019 06:50PM

he did indeed say more than that.

However, that's the most pertinent part of what he said in a thread titled "John Delaney"

givyjoe · 12-04-2019 07:07PM

Chancer3001 wrote: »

However, that's the most pertinent part of what he said in a thread titled "John Delaney"

Ha, you mean if you're a JD supporter who wants to stick their fingers in their ears when he says all the bad stuff.

Irishmale0399 · 12-04-2019 07:09PM

expectationlost wrote: »

leases and planning zoning can change
only football ? what about multilsports and concert venue ? and flats? https://www.independent.ie/regionals/argus/sport/soccer/grounds-for-concern-dundalk-must-act-fast-37301405.html

Have you ever been to Oriel Park???

Where or what do you want to develope??? The scope landwise is very limited, lands around do not belong to the club and knowing the owners of one side I doubt they will sell....would cost stupid money to get rid of them.

As for the lease....its over about 80-90 years and the owners will only approve something that inproves the infrastructure or facilities for the football side of the business. Again knowing the owner of the ground I have no doubt that Oriel Park will always be available to the club should they want it. If that is a ground, training center or some other use related to football......

Irishmale0399 · 12-04-2019 07:12PM

Chancer3001 wrote: »

he did indeed say more than that.

However, that's the most pertinent part of what he said in a thread titled "John Delaney"

Got your I love JD glasses on this evening??? Your boss, idol or love child....he is off very soon. Nobody wants him, no one trusts him and he has been a leech to the system of Irish football for long enough.

secman · 12-04-2019 07:19PM

Ouch. What a body blow.[/quote]

Taking one from John from behind?

Arghus · 12-04-2019 07:23PM

Chancer3001 wrote: »

he did indeed say more than that.

However, that's the most pertinent part of what he said in a thread titled "John Delaney"

What you regard as most pertinent. Take off the blinkers, though I think they're welded to your head at this stage.

He also said that no-one would be satisfied by the lack of answers on Wednesday.

What's most significant is that the head of Government thinks it necessary to comment and his comments aren't positive.

Idbatterim · 12-04-2019 07:32PM

[Deleted User] wrote: »

Varadkar now weighing in.

Will surely bolster Sport Ireland's position and make the reinstatement of grants less likely. Another cut in the death by a thousand that Delaney seems to be going through.

He also mentions the ODCE, which has more extensive powers than the farce we saw midweek.

Such a nice start to the weekend for us all.

https://www.irishtimes.com/news/ireland/irish-news/delaney-was-within-his-legal-rights-to-stay-silent-says-varadkar-1.3858737?localLinksEnabled=false

Varadkar is up there with Delaney. Another rat! He will say whatever he thinks will put him in the best light. Both absolute failures , varadkars failure obviously far more serious!

secman · 12-04-2019 07:34PM

Delaney and the board are toast, only a matter of time, hallelujah

Idbatterim · 12-04-2019 07:36PM

secman wrote: »

Delaney and the board are toast, only a matter of time, hallelujah

They’ll stay on the sinking ship as long as they can. Like the scurrying rats they are. They know they won’t be getting another gig like this again the thieves!

Necro · 12-04-2019 07:43PM

Chancer3001 wrote: »

VARADKAR "WEIGHS IN"

“The truth is that he was within his legal rights not to answer those questions. He is not a public servant and therefore is not accountable to the Oireachtas,” he said

Ouch. What a body blow.

Did you forget to read the rest of that or are you only posting what suits you now?

“In terms of John Delaney, the FAI is not a public body – it is a private organisation or company. So I suppose he is within his legal rights not to account to the Oireachtas. He is not a public servant,” he said. “But they [the ODCE and Sport Ireland] have questions to ask and John Delaney and the [FAI] board will have to answer them.”

I mean, you cut and pasted the quote from the article so why not include the full quote?

Necro · 12-04-2019 07:45PM

Idbatterim wrote: »

Varadkar is up there with Delaney. Another rat! He will say whatever he thinks will put him in the best light. Both absolute failures , varadkars failure obviously far more serious!

Now now, we're (mostly) all getting along here, let's not bring politics into the debate :pac:

12-04-2019 08:14PM

I'm not even sure that the Taoiseach put the boot in on Pat Hickey.

It's so delightful. It's what Delaney deserves. From the media to the PFAI to Sport Ireland to the Taoiseach calling him out, the Sunday Times advertising that there's more on Sunday, John Treacy briefing the Minister on Tuesday. Oh and the ODCE waiting to have a cut.

It's so wonderfully slow and drawn out. Hickey aside it's hard to think of a sports scandal that has stayed so firmly on the front page for a month now with the promise of more to come. And Delaney himself fuelling it all by not answering the questions.

Necro · 12-04-2019 08:19PM

Deleted User wrote: »

I'm not even sure that the Taoiseach put the boot in on Pat Hickey.

It's so delightful. It's what Delaney deserves. From the media to the PFAI to Sport Ireland to the Taoiseach calling him out, the Sunday Times advertising that there's more on Sunday, John Treacy briefing the Minister on Tuesday. Oh and the ODCE waiting to have a cut.

It's so wonderfully slow and drawn out. Hickey aside it's hard to think of a sports scandal that has stayed so firmly on the front page for a month now with the promise of more to come. And Delaney himself fuelling it all by not answering the questions.

Oh, really? I might just have to pick up a copy on my way home from work Sunday morning then.
Will perk me right up after a long night shift

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

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