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

Umaro · 05-12-2019 02:23PM

Do you reckon they delayed the accounts til Friday in the hopes it gets buried in the weekend news cycle?

05-12-2019 02:51PM

salmocab wrote: »

Ah in fairness, they contributed the biggest lump of cash they surely didn’t do it in such a way that it could be just sold on without them getting some say or even their cash back. It’s a really complicated deal and I genuinely doubt that the fai are in a place that they could just sell off half of something they paid less than a quarter of. Whatever about the fai and even our governments the irfu were involved and they know what they are at, can’t see them being exposed too much to the fai ineptness.

Would be unlikely, even sports capital funding for acquiring land usually comes with requirements that the Department of Finance become a trustee or some charge is registered on the title whereby they are a notice party to any transaction or their consent is required.

yabadabado · 05-12-2019 03:01PM

Umaro wrote: »

Do you reckon they delayed the accounts til Friday in the hopes it gets buried in the weekend news cycle?

Not a hope it gets buried ,even the FAI arent that deluded.
It will be front page news and most likely the major news item of the next few days.

yabadabado · 05-12-2019 03:03PM

topmanamillion wrote: »

Straight forward really.

There are two teams in the country that LR is suitable for and they're currently joint owners of it.
If the FAI default that would leave the IRFU/State as the only possible owners.
They'd do a deal with the bank and the IRFU would own it outright and rent it back to the FAI. Possibly with state ownership for a few years. Its the national stadium but it really doesn't have any use to any other side outside of the FAI/IRFU.

That's fair enough, your original post made it sound like it would be nearly be handed over to IRFU.

Irishmale0399 · 05-12-2019 03:19PM

So the accounts to be released tomorrow evening to ensure they dont make the front pages on Saturday??? Maybe another delay and then too late for Sunday also....

Zebra3 · 05-12-2019 03:49PM

The way to minimize media coverage is to put out news late on Saturday night as Honest John did on many an occasion.

NIMAN · 05-12-2019 04:04PM

Irishmale0399 wrote: »

So the accounts to be released tomorrow evening to ensure they dont make the front pages on Saturday??? Maybe another delay and then too late for Sunday also....

I don't get the conspiracy theory.

JD is gone, just release them ffs. And let us see how much of a shambles he was in charge of.

Its just a shame no criminal charges could be brought. It looks like Irish football is in the gutter, with f&$% all money.

Irishmale0399 · 05-12-2019 04:06PM

NIMAN wrote: »

I don't get the conspiracy theory.

JD is gone, just release them ffs. And let us see how much of a shambles he was in charge of.

Its just a shame no criminal charges could be brought. It looks like Irish football is in the gutter, with f&$% all money.

JD might be gone but his foot soldiers are still in position.

Criminal charges shlould have been brought before now, problem is no one is singing as they are all up to the necks in it.

kippy · 05-12-2019 04:15PM

One needs to keep in mind some of the proclamations that came form JD and his colleagues no more than 18 months ago and less that 12 months prior to the attempted gagging order on the articles outlining JD's 100K "loan" to the association.

Just take a look at some of the figures in here:
https://www.rte.ie/sport/soccer/2018/0726/981312-john-delaney-debt/
"profits" were talked about, best year in a non qualifying year etc etc and yet the whole thing is in disarray now, with absolutely no-one being held to task.

It's 9 months since the attempted gagging of the media, which in itself was a shocking move and worth investigating on its own, yet we are no where near getting to the bottom of making people accountable.

There's even posters on here who were on JD's side from the off, who remain on JD's side despite all of what has come out over the past 9 months.

I feel for the ground level staff in the FAI - morale must be shot and now with all the talks of job losses, it cannot be coming easy coming into Christmas, particularly when you see the top brass still maintaining their incomes and arrangements.

grbear · 05-12-2019 05:07PM

If the accounts are anywhere near as bad as the current talk is suggesting (€50 million debt liability) then the only way their release doesn't dominate the news cycle is if some scientist cures hangovers or if it turns out Leo Varadkar is the father of Lisa Smith's child. I highly doubt the latter is going to happen and despite my daily prayers I don't think the former is happening in the next 48 hours.

topmanamillion · 05-12-2019 05:08PM

kippy wrote: »

One needs to keep in mind some of the proclamations that came form JD and his colleagues no more than 18 months ago and less that 12 months prior to the attempted gagging order on the articles outlining JD's 100K "loan" to the association.

Just take a look at some of the figures in here:
https://www.rte.ie/sport/soccer/2018/0726/981312-john-delaney-debt/
"profits" were talked about, best year in a non qualifying year etc etc and yet the whole thing is in disarray now, with absolutely no-one being held to task.

JD was lying and lying through his teeth.
Anyone that knew anything about the FAI knew being debt free was never going to happen by 2020.

Delaney weathered the Stan debacle, the various times he was caught P1ssed at tournaments when he should have been representing the country and/or singing RA songs and the Blatter pay off.

He thought he'd weather this too and even had the neck to invent a job for himself.
Delaney lawyering up at the Oireachtas hearing and saying he couldn't answer questions and throwing that gowl Conway under the bus was classic Delaney.

Id be delighted if the FAI were dissolved in the morning. They're rotten to the core. Everyone at the top table along with the majority of the provincial and local FAs were complicate in all this and were more than happy to go to AGMs and take to Twitter to hand out congratulatory w*nks to Delaney in exchange for a few sweetners and cushy jobs.
All while the national league and international side went into further decline.

u140acro3xs7dm · 05-12-2019 05:19PM

Deleted User wrote: »

Would be unlikely, even sports capital funding for acquiring land usually comes with requirements that the Department of Finance become a trustee or some charge is registered on the title whereby they are a notice party to any transaction or their consent is required.

Surely there would be a shareholders agreement between the FAI and IRFU. I doubt the FAI could sell it to anybody without agreement from IRFU. Also, the bulk of the funds came from public grants for community use or some such term. If a company are going to buy the FAI’s share to make money, the government will want their chunk back first. This leaves the IRFU or the Government as the only alternative buyers.

kippy · 05-12-2019 05:21PM

Jad Small Birdseed wrote: »

Surely there would be a shareholders agreement between the FAI and IRFU. I doubt the FAI could sell it to anybody without agreement from IRFU. Also, the bulk of the funds came from public grants for community use or some such term. If a company are going to buy the FAI’s share to make money, the government will want their chunk back first. This leaves the IRFU or the Government as the only alternative buyers.

That stadium "sell off" - makes zero sense for any of the parties - seems a bit nonsensical.

topmanamillion · 05-12-2019 05:34PM

Jad Small Birdseed wrote: »

Surely there would be a shareholders agreement between the FAI and IRFU. I doubt the FAI could sell it to anybody without agreement from IRFU. Also, the bulk of the funds came from public grants for community use or some such term. If a company are going to buy the FAI’s share to make money, the government will want their chunk back first. This leaves the IRFU or the Government as the only alternative buyers.

The fact it was part funded by public money means nothing. That money came in the form of grants. The state doesn't own so much as a ticket booth in LR. The government won't get involved unless the FAI default on their loan and the tax payer has to pump more money into it to pick up the pieces but that's a completely different story.

No company would buy the FAIs share. Its not like the Dallas cowboys are going to relocate to Dublin.
The only organisation that even might be interested in it is the IRFU and I don't see why they would.

secman · 05-12-2019 05:46PM

There's more to still come out, himself and Hickey were in cahoots with tickets for Olympic Games and Football tournaments. Say we still only have the tip of the the iceberg, an absolute c..t of the highest order, i pray he ends up behind bars.

Seth Brundle · 05-12-2019 05:48PM

secman wrote: »

There's more to still come out, himself and Hickey were in cahoots with tickets for Olympic Games and Football tournaments. Say we still only have the tip of the the iceberg, an absolute c..t of the highest order, i pray he ends up behind bars.

Who? JD or PH?

secman · 05-12-2019 06:04PM

Seth Brundle wrote: »

Who? JD or PH?

Well both to be fair, JD just a bigger version of PH.

05-12-2019 06:45PM

I know it's a long shot, but anyone get in touch with Chancer to see if his campaign of targeting sponsors has raised any money to offset the loss of the 3 deal?

Chancer3001 wrote: »

Has anyome contacted sponsors to show how happy they are with delaney?

Is there a template? (Ima too astoopid to write a email bya myselfs)

Hopefully it includes "john delaney is class and any product he endorses, whatever it costs, myself and my extended family will buy 10,000 each."

Maybe if we buy ****loads of sponsors stuff theyll stick by delaneys side

NIMAN · 05-12-2019 06:49PM

And the best bit about this whole mess, was his mates giving him a severance package of a years salary to make him go.

350k to go after nearly bankrupting us. Couldn't make it up.

secman · 05-12-2019 07:09PM

secman wrote: »

I stopped going to international matches shortly after the Genesis Report, having attended matches from 1974/75 in Dalymount park, Lansdowne road, and then Croker. Have never been to Aviva.
Our honeymoon was to see Belgium v Ireland in Brussels March 1981, Sepp Delaney and his cronies are ruining football, I really really really dont like Delaney as in really really really
Really don't like him. Really really hope thousands stop going or even a protest march to Abbottstown to demand change... hope and pray

I got a yellow card for this post a year ago, at least Blatter didn't bankrupt FIFA.

Ronan|Raven · 05-12-2019 07:20PM

NIMAN wrote: »

And the best bit about this whole mess, was his mates giving him a severance package of a years salary to make him go.

350k to go after nearly bankrupting us. Couldn't make it up.

Lot of fines for LOI clubs to make that much money up for the ****er.

Zebra3 · 06-12-2019 12:10AM

https://www.irishtimes.com/sport/soccer/international/lessons-from-fai-may-not-be-learned-here-but-they-ll-be-taught-everywhere-1.4106302?mode=amp

Hits the nail on the head.

Dots1982 · 06-12-2019 09:44AM

There’s an article in The Currency trying to analyze the present state of FAI’s finances. It’s behind a paywall unfortunately.

Umaro · 06-12-2019 09:46AM

FAI expected to reveal debt 'bomb' of more than €50m at today's presentation of accounts
Link

Irish football is being told to prepare for a "bomb" when the FAI's accounts are presented today, with debts of over €50million expected to be revealed.

The association's former CEO, Bernard O'Byrne, has warned that possible new sponsors will stay away from a "toxic" FAI until more changes are made at board level.

His comments were made in the wake of an announcement by main sponsors Three that they are cutting ties with the football body next year,

"I can see sponsors using the 40-foot pole to stay away until things improve," O'Byrne told Independent.ie. "It is a hugely damaged brand but it could turn around quickly if they get four independent directors.

"But the people from the old regime - and some of them I consider as friends - just have to go. There's no need for them to be around now to hand over a succession plan. They need to go.

"The FAI can come out of it. They have to. As a contributor to Irish society, they have to be rescued. But not at any cost."

A press conference to publish the 2018 and 2017 accounts is scheduled to go ahead at 12.0 today, however, auditors Deloitte were last night still pouring over certain items.

Deloitte will have to rubberstamp the FAI's annual accounts this morning for a press conference to proceed. The publication of the 2018 financial statements have been delayed several times since the routine deadline of the AGM in July was missed.

Former CEO John Delaney said before last year's AGM that the FAI had reduced their debt from €70m to €30m and were on course to be "debt-free" by 2020.

However, the accounts presented by president Donal Conway and Paul Cooke, who has taken up the post of executive lead, will be grim, with predictions of debts totalling more than €50m.

"The accounts really will shock people, it will be like a bomb going off in Irish football," one board member said last night. "We're at a very low point but we have to try and climb our way back up."

FAI staff, who attended the organisation's Christmas party last night, have been told that there will be "consequences" for employees in the new year as the impact of the debts, and the predicted job cuts and pay cuts, take hold.