Irish money being thrown at England again...

20-06-2006 08:43AM #1

...who are these people involved in the Sunderland takeover? What do they do? Did they make their fortunes here? Why do they see fit to invest in a foreign football club or organisation? Have they invested in sports facilities or football clubs here before? Is anyone in the public eye pointing out that it is not acceptable that vast amounts of money raised here should simply be frittered away on football abroad? Even Magnier could point to his contributions to the Limerick sporting scene.

This is not a football thread. It just annoys me that people who may have made money of the backs of Irish people should suddenly inject €80 million of it into some group in a foreign country.

HelterSkelter · 20-06-2006 08:52AM

Do you object to people investing in all these "overseas properties" we constantly hear about on the radio as well? Tough shít, this is a capatialist country, people can invest their money wherever they choose.

matrim · 20-06-2006 09:10AM

The group is being headed by Niall Quinn, who you can hardly say earned his money playing in Ireland.

Oriel · 20-06-2006 09:14AM

It's about making money, not supporting foreigners. Get over yourself.

20-06-2006 09:14AM

HelterSkelter wrote:

Do you object to people investing in all these "overseas properties" we constantly hear about on the radio as well?

Not at all. There is a big difference between some punter buying an apartment abroad because they can't afford one here and because it's not exactly sun and sand 365 days a year, and fellows putting €80m into a venture abroad

HelterSkelter wrote:

Tough shít, this is a capatialist country, people can invest their money wherever they choose.

I am aware of that. This is also a democracy and people can object to what they see as money being drained from the country and poured into a foreign football club.

20-06-2006 09:15AM

sinecurea wrote:

It's about making money

Well I hope they lose their shirts.

ciaran76 · 20-06-2006 09:32AM

Its their money. They can do what they like with it.

It won't happen anyway and I would not believe the figures being bandied around in the newspapers.

ionapaul · 20-06-2006 09:34AM

If moves were made to restrict the (relatively) free movement of personal wealth in and out of Ireland many of our most wealthy folk would up sticks and head off to sunnier climes in the morning. It sounds like a measure that our good friends in Sinn Fein might suggest!

um7y1h83ge06nx · 20-06-2006 09:36AM

ionapaul wrote:

If moves were made to restrict the (relatively) free movement of personal wealth in and out of Ireland many of our most wealthy folk would up sticks and head off to sunnier climes in the morning. It sounds like a measure that our good friends in Sinn Fein might suggest!

Jesus, don't be giving them ideas! :eek:

Narcissus · 20-06-2006 09:39AM

ciaran76 wrote:

Its their money. They can do what they like with it.

exactly.

Hydroquinone · 20-06-2006 09:40AM

Deleted User wrote:

This is not a football thread. It just annoys me that people who may have made money of the backs of Irish people should suddenly inject €80 million of it into some group in a foreign country.

Who's made their money on the backs of Irish people?
Quinn made his money in England and Magnier's money comes from livestock, which is mostly foreign money too. Who else is in this bid?

When you are as rich as either of them, then you can decide where to spend your money.

Demetrius · 20-06-2006 09:41AM

Deleted User wrote:

Not at all. There is a big difference between some punter buying an apartment abroad because they can't afford one here and because it's not exactly sun and sand 365 days a year, and fellows putting €80m into a venture abroad

People who buy apartments abroad mostly use them as second homes or investments, not because they can't afford one here. As investments, the money is flowing from abroad, in terms of rent, into this country.

Deleted User wrote:

I am aware of that. This is also a democracy and people can object to what they see as money being drained from the country and poured into a foreign football club.

I don't know where this money is "drained" from. It's hardly that our taxes are being pumped into English football clubs.

ToxicPaddy · 20-06-2006 09:51AM

Deleted User wrote:

I am aware of that. This is also a democracy and people can object to what they see as money being drained from the country and poured into a foreign football club.

Well one of the people involved, Sean Dunne, is the guy who has recently paid somethign close to €500m for property in Ballsbridge, so what he's investing in Sunderland is peanuts compared to that..

Anyway, if they do buy the club and it turns into a successful venture, the profits will be repatriated back into this country as this is where most of the backers are from and live.

Tox

mikedragon32 · 20-06-2006 10:02AM

Conor74, you've conveniently forgotton that Niall Quinn made his money in the UK and seem to have chosen to miss that point when it was raised previously.

Why are you so bitter? It's not up to private investors to invest in sport & facilities in this country. It's up to the government. In terms of professional sport in this country, if private investors don't see it as a good investment, then it obviously isn't.

While Bertie and his cronies were wasting millions planning a stadium, money should instead have been investing in sports centres, all weather facilities, gyms, swimming pools, tennis courts or whatever. Instead the grand gesture was seen as a better option for the Elite (as in professional level sports).

Millions have gone from Lottery funds into golf courses etc. Huge subsidies went to the GAA for rebuilding Croke Park. Why not develop other grounds in the same manner for all sports?

Why not get on your hobby horse about that? Instead you'd rather be bitter that someone who had to go abroad to make their money has opted to invest it there instead. Fair play to him.

super_furry · 20-06-2006 10:07AM

It's simple they are investing money to make money. They're not doing it for the love of Sunderland, but for the chance to make a few quid out of one of the sleeping giants of English football. These people are private investors looking to invest in a business, I know football is an emotive subject, but would you care if they were investing in a Sunderland factory instead of a football team?

Real benefactors in football are few and far between, for every Jack Walker, there's a dozen Glaziers. The only people who really care about the clubs are the fans.

bizmark · 20-06-2006 10:08AM

Deleted User wrote:

Why do they see fit to invest in a foreign football club or organisation?

England is about as foreign as kerry in fairness

Dragan · 20-06-2006 10:12AM

Deleted User wrote:

This is not a football thread. It just annoys me that people who may have made money of the backs of Irish people should suddenly inject €80 million of it into some group in a foreign country.

While it would be nice to think that Irish people would invest money in Ireland, to a large degree we grew on international investment....however that may have been gained.

Not too sure about "on the backs of" Irish people at all, i'm sure that anyone involved who ever had a staff of any kind was paying them....no???

People can do what they want with their money....you need to invest money with a eye to making a profit.

jester77 · 20-06-2006 10:16AM

ah now, in all fairness it's their money and they can do whatever they so well please with it. Fair play them for accumulating vast amounts, sure wish I could but I wouldn't begrudge anyone that does!
Are you saying you don't support spending outside of Ireland. I'm sure you've gone abroad and spent money on holidays, you've bought clothes, shoes and other products that have not been made in Ireland. It may be small amounts of money but if you were add together what your average punter spends yearly on holidays, cars, clothes etc, then the 80 million these guys are spending would be small change! I don't see your point!

super_furry · 20-06-2006 10:18AM

It's local money for local people!

aidan_walsh · 20-06-2006 10:21AM

Deleted User wrote:

This is also a democracy and people can object to what they see as money being drained from the country and poured into a foreign football club.

What in the name of hell has democracy got to do with it? If you think that democracy means simply the right to protest, then you need to get yourself a dictionary...

nesf · 20-06-2006 10:22AM

Eh, private individuals can do whatever they want with their money. In fact, to spite you I think I'll go and fund the Kenyan Rugby team. They're almost up to 11 players now!

Or is it the fact that it's a British team that's bothering you?

Princess Consuela Bananahammock · 20-06-2006 10:24AM

nesf wrote:

Or is it the fact that it's a British team that's bothering you?

Bingo...

20-06-2006 10:41AM

aidan_walsh wrote:

If you think that democracy means simply the right to protest, then you need to get yourself a dictionary...

You can confine the personal stuff to PMs surely.

It's as simple as this. Niall Quinn is involved with the FAI, the body charged with the development of football in this country. There are clubs in this country that are crying out for money. Meanwhile the same person is advocating investment of a fortune in a foreign club (and it remains a foreign club even though loads of guys 'support' English clubs from their barstools and because Andy Gary says its the bestest ever) and Irish people are rushing head over heels to fire money into it. Well screw them. I hope they lose it all, they could have stuck a fraction of it into a club like Cork City, copied the Rosenberg model and started getting the clug into the CL group stages regularly, and made a smaller investment realise more whilst backing an Irish venture. I won't hold my breath waiting for Sunderland's European glory nights...

nesf wrote:

Or is it the fact that it's a British team that's bothering you?

Or is it the fact that someone dare criticise the Sky Sports hype that's bothering my critics? ManU store out of Giggsy slippers?

nesf · 20-06-2006 10:53AM

Deleted User wrote:

Or is it the fact that someone dare criticise the Sky Sports hype that's bothering my critics? ManU store out of Giggsy slippers?

So, that's a yes then?

ionapaul · 20-06-2006 10:54AM

bizmark wrote:

England is about as foreign as kerry in fairness

Yep, Sunderland and Dublin are more similar than Knightstown, Valentia Island, Kerry and Dublin are IMHO!

super_furry · 20-06-2006 10:55AM

It's nothing to do with defending the Premiership. I myself am a staunch Shamrock Rovers supporter, but I'm not blinded to the realities of the football world. Quinn and company have a very realistic chance of making money from Sunderland, which is what's they're interested in. They're not investing for altruistic reasons, they're investing in the hope of making money, and they would have a significantly bigger chance of doing so at Sunderland than and any eircom League club.

20-06-2006 10:57AM

nesf wrote:

So, that's a yes then?

Can anyone clarify one thing, does Niall Quinn have a role or job with the FAI? If he doesn't that would take some of the 'sting' out of the issue as far as I'm concerned.

Ciaran500 · 20-06-2006 10:59AM

Deleted User wrote:

Can anyone clarify one thing, does Niall Quinn have a role or job with the FAI?

What difference would that make?

20-06-2006 11:02AM

Ciaran500 wrote:

What difference would that make?

It makes all the difference. How can someone charged with some part in the development of football here advocate investing in anywhere but here? It would be like telling everyone to buy Irish while shopping in Lidl.

5uspect · 20-06-2006 11:18AM

Deleted User wrote:

It makes all the difference. How can someone charged with some part in the development of football here advocate investing in anywhere but here? It would be like telling everyone to buy Irish while shopping in Lidl.

Lidl sell irish milk. When you make your millions you can invest in whatever you like. I won't start a thread complaining that Conor74 is investing in silly irish soccer teams when he should have invested his money in cancer research because Irish people suffer from cancer. anyway i doubt this is their sole investment. and if it goes well maybe you'll see more domestic investment as they can handle the increased risk

thelordofcheese · 20-06-2006 11:20AM

Look, it's a collection of private individuals who have decided to invest in sunderland, with the ultimate aim of making money.
Yes they could have invested in cork city, or sligo rovers, or any of the other irish teams, but they probably won't have made anywhere near the same amount of money, if any at all.
Which is what this is all about, really.

Irish money being thrown at England again...

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