Dundalk FC

Started by T Fearon, September 29, 2016, 10:02:41 PM

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Ed Ricketts

Quote from: Baile Brigín 2 on October 02, 2020, 10:19:40 PM
Quote from: Ed Ricketts on October 02, 2020, 10:15:28 PM
Quote from: CitySlicker11 on October 02, 2020, 10:03:44 PM
On which points does it fail to pass? Without fans could they not be hosting these home games at their own ground now?

https://en.wikipedia.org/wiki/UEFA_stadium_categories

Need to have a Cat 4 ground to host Europa League games. Capacity is only one of a load of criteria. Oriel would fall short in many areas.

They'd need a new build stadium if they ever wanted to host big European ties in the town. But I'm not sure investing in club infrastructure features prominently in the Yanks' business model.

Cat 3 or 4, but agree with your thrust

Cat 4 from the Group Stage according to this:

https://documents.uefa.com/reader/QkpIwlMTBDPJUAZTt6eBCw/Cbqut~tOrQtcNQn~mIxffg
Doc would listen to any kind of nonsense and change it for you to a kind of wisdom.

Main Street

#91
Quote from: Baile Brigín 2 on October 02, 2020, 09:39:58 PM
Quote from: Main Street on October 02, 2020, 07:24:32 PM
Quote from: J70 on October 02, 2020, 01:40:29 PM
Quote from: Main Street on October 02, 2020, 01:17:57 PM
Dundalk will be fortunate to get one or two draws in that group, though good that there's no expensive 10 hour journeys to the depths of east Europe.

The money earned so far will just balance out their accounts over the past 2 seasons, ease the panic of the investors.

Haven't followed too closely.

Have Dundalk overextended themselves?
It's public knowledge that they have recorded big losses in their annual accounts.
The submitted club accounts record a
"total loss of €681,467 for the year ending November 30, 2018"
"total loss for the year ending  nov 2019  €1,226,000"

And although the loss has not been accounted for yet in 2020, the owners have paid the full time salaries of the contracted players since the league went into pause in March and I assume many of those player contracts are the highest in the LOI.
It's a fair statement to claim Dundalks losses are considerable, that's the reson why the ultimatum was laid down to new coaching team to qualify for the Europa leage group stage, or else.

And the four years before that?

They have cash in bank to cover operational losses (as in less than 3 Euro rounds) and the 3m will cover a couple of lean years on that front.
They had 3m in cash reserves before the losses of 2018, 2019. And what was in reserve at the end of 2019 season (about 1m) had been eroded by a variety of expenditures before the new season began and maintaining 100% cost of all employee contracts, in a time with very little income until euro competition in sept. The owners were most desperate to get into the europa group stage. It's not clear exactly when most of that 3m will be paid out, but usually some time after the competition has concluded. Even before covid theDundalk budget was dependant on success in europe.

When the new owners purchased the club in jan 2019, do you think all the assets including any cash reserves, were purchased for free? Since the group made the initial investment to acquire the club, ithe club has bleeded money.

Baile Brigín 2

Quote from: Ed Ricketts on October 02, 2020, 10:52:33 PM
Quote from: Baile Brigín 2 on October 02, 2020, 10:19:40 PM
Quote from: Ed Ricketts on October 02, 2020, 10:15:28 PM
Quote from: CitySlicker11 on October 02, 2020, 10:03:44 PM
On which points does it fail to pass? Without fans could they not be hosting these home games at their own ground now?

https://en.wikipedia.org/wiki/UEFA_stadium_categories

Need to have a Cat 4 ground to host Europa League games. Capacity is only one of a load of criteria. Oriel would fall short in many areas.

They'd need a new build stadium if they ever wanted to host big European ties in the town. But I'm not sure investing in club infrastructure features prominently in the Yanks' business model.

Cat 3 or 4, but agree with your thrust

Cat 4 from the Group Stage according to this:

https://documents.uefa.com/reader/QkpIwlMTBDPJUAZTt6eBCw/Cbqut~tOrQtcNQn~mIxffg

Tallaght is cat 3 and has been used twice

Baile Brigín 2

Quote from: Main Street on October 03, 2020, 08:07:56 AM
Quote from: Baile Brigín 2 on October 02, 2020, 09:39:58 PM
Quote from: Main Street on October 02, 2020, 07:24:32 PM
Quote from: J70 on October 02, 2020, 01:40:29 PM
Quote from: Main Street on October 02, 2020, 01:17:57 PM
Dundalk will be fortunate to get one or two draws in that group, though good that there's no expensive 10 hour journeys to the depths of east Europe.

The money earned so far will just balance out their accounts over the past 2 seasons, ease the panic of the investors.

Haven't followed too closely.

Have Dundalk overextended themselves?
It's public knowledge that they have recorded big losses in their annual accounts.
The submitted club accounts record a
"total loss of €681,467 for the year ending November 30, 2018"
"total loss for the year ending  nov 2019  €1,226,000"

And although the loss has not been accounted for yet in 2020, the owners have paid the full time salaries of the contracted players since the league went into pause in March and I assume many of those player contracts are the highest in the LOI.
It's a fair statement to claim Dundalks losses are considerable, that's the reson why the ultimatum was laid down to new coaching team to qualify for the Europa leage group stage, or else.

And the four years before that?

They have cash in bank to cover operational losses (as in less than 3 Euro rounds) and the 3m will cover a couple of lean years on that front.
They had 3m in cash reserves before the losses of 2018, 2019. And what was in reserve at the end of 2019 season (about 1m) had been eroded by a variety of expenditures before the new season began and maintaining 100% cost of all employee contracts, in a time with very little income until euro competition in sept. The owners were most desperate to get into the europa group stage. It's not clear exactly when most of that 3m will be paid out, but usually some time after the competition has concluded. Even before covid theDundalk budget was dependant on success in europe.

When the new owners purchased the club in jan 2019, do you think all the assets including any cash reserves, were purchased for free? Since the group made the initial investment to acquire the club, ithe club has bleeded money.

I think we are in agreement here. They build up cash from Europe, run at 'a loss', build up cash from Europe and so on. Their business model relies on at least 6 games in Europe which they didn't do last year

michaelg

Quote from: Baile Brigín 2 on October 03, 2020, 10:04:49 AM
Quote from: Main Street on October 03, 2020, 08:07:56 AM
Quote from: Baile Brigín 2 on October 02, 2020, 09:39:58 PM
Quote from: Main Street on October 02, 2020, 07:24:32 PM
Quote from: J70 on October 02, 2020, 01:40:29 PM
Quote from: Main Street on October 02, 2020, 01:17:57 PM
Dundalk will be fortunate to get one or two draws in that group, though good that there's no expensive 10 hour journeys to the depths of east Europe.

The money earned so far will just balance out their accounts over the past 2 seasons, ease the panic of the investors.

Haven't followed too closely.

Have Dundalk overextended themselves?
It's public knowledge that they have recorded big losses in their annual accounts.
The submitted club accounts record a
"total loss of €681,467 for the year ending November 30, 2018"
"total loss for the year ending  nov 2019  €1,226,000"

And although the loss has not been accounted for yet in 2020, the owners have paid the full time salaries of the contracted players since the league went into pause in March and I assume many of those player contracts are the highest in the LOI.
It's a fair statement to claim Dundalks losses are considerable, that's the reson why the ultimatum was laid down to new coaching team to qualify for the Europa leage group stage, or else.

And the four years before that?

They have cash in bank to cover operational losses (as in less than 3 Euro rounds) and the 3m will cover a couple of lean years on that front.
They had 3m in cash reserves before the losses of 2018, 2019. And what was in reserve at the end of 2019 season (about 1m) had been eroded by a variety of expenditures before the new season began and maintaining 100% cost of all employee contracts, in a time with very little income until euro competition in sept. The owners were most desperate to get into the europa group stage. It's not clear exactly when most of that 3m will be paid out, but usually some time after the competition has concluded. Even before covid theDundalk budget was dependant on success in europe.

When the new owners purchased the club in jan 2019, do you think all the assets including any cash reserves, were purchased for free? Since the group made the initial investment to acquire the club, ithe club has bleeded money.

I think we are in agreement here. They build up cash from Europe, run at 'a loss', build up cash from Europe and so on. Their business model relies on at least 6 games in Europe which they didn't do last year
Rather risky business model.  The Euro money is a bit of a double edged sword.  Crusaders up North seem to have become quite reliant on it and may be fairly snookered if they miss out on Euro qualification, and progression, for a season or two.

marty34

Quote from: michaelg on October 03, 2020, 10:31:10 AM
Quote from: Baile Brigín 2 on October 03, 2020, 10:04:49 AM
Quote from: Main Street on October 03, 2020, 08:07:56 AM
Quote from: Baile Brigín 2 on October 02, 2020, 09:39:58 PM
Quote from: Main Street on October 02, 2020, 07:24:32 PM
Quote from: J70 on October 02, 2020, 01:40:29 PM
Quote from: Main Street on October 02, 2020, 01:17:57 PM
Dundalk will be fortunate to get one or two draws in that group, though good that there's no expensive 10 hour journeys to the depths of east Europe.

The money earned so far will just balance out their accounts over the past 2 seasons, ease the panic of the investors.

Haven't followed too closely.

Have Dundalk overextended themselves?
It's public knowledge that they have recorded big losses in their annual accounts.
The submitted club accounts record a
"total loss of €681,467 for the year ending November 30, 2018"
"total loss for the year ending  nov 2019  €1,226,000"

And although the loss has not been accounted for yet in 2020, the owners have paid the full time salaries of the contracted players since the league went into pause in March and I assume many of those player contracts are the highest in the LOI.
It's a fair statement to claim Dundalks losses are considerable, that's the reson why the ultimatum was laid down to new coaching team to qualify for the Europa leage group stage, or else.

And the four years before that?

They have cash in bank to cover operational losses (as in less than 3 Euro rounds) and the 3m will cover a couple of lean years on that front.
They had 3m in cash reserves before the losses of 2018, 2019. And what was in reserve at the end of 2019 season (about 1m) had been eroded by a variety of expenditures before the new season began and maintaining 100% cost of all employee contracts, in a time with very little income until euro competition in sept. The owners were most desperate to get into the europa group stage. It's not clear exactly when most of that 3m will be paid out, but usually some time after the competition has concluded. Even before covid theDundalk budget was dependant on success in europe.

When the new owners purchased the club in jan 2019, do you think all the assets including any cash reserves, were purchased for free? Since the group made the initial investment to acquire the club, ithe club has bleeded money.

I think we are in agreement here. They build up cash from Europe, run at 'a loss', build up cash from Europe and so on. Their business model relies on at least 6 games in Europe which they didn't do last year
Rather risky business model.  The Euro money is a bit of a double edged sword.  Crusaders up North seem to have become quite reliant on it and may be fairly snookered if they miss out on Euro qualification, and progression, for a season or two.

I think all clubs will be feeling the pinch these days regardless of the Euro money.  I presume there'll be a lack of sponsorship coming in now as companies will not be risking money that they might need to keep afloat over the next few months.

michaelg

Quote from: marty34 on October 03, 2020, 11:00:27 AM
Quote from: michaelg on October 03, 2020, 10:31:10 AM
Quote from: Baile Brigín 2 on October 03, 2020, 10:04:49 AM
Quote from: Main Street on October 03, 2020, 08:07:56 AM
Quote from: Baile Brigín 2 on October 02, 2020, 09:39:58 PM
Quote from: Main Street on October 02, 2020, 07:24:32 PM
Quote from: J70 on October 02, 2020, 01:40:29 PM
Quote from: Main Street on October 02, 2020, 01:17:57 PM
Dundalk will be fortunate to get one or two draws in that group, though good that there's no expensive 10 hour journeys to the depths of east Europe.

The money earned so far will just balance out their accounts over the past 2 seasons, ease the panic of the investors.

Haven't followed too closely.

Have Dundalk overextended themselves?
It's public knowledge that they have recorded big losses in their annual accounts.
The submitted club accounts record a
"total loss of €681,467 for the year ending November 30, 2018"
"total loss for the year ending  nov 2019  €1,226,000"

And although the loss has not been accounted for yet in 2020, the owners have paid the full time salaries of the contracted players since the league went into pause in March and I assume many of those player contracts are the highest in the LOI.
It's a fair statement to claim Dundalks losses are considerable, that's the reson why the ultimatum was laid down to new coaching team to qualify for the Europa leage group stage, or else.

And the four years before that?

They have cash in bank to cover operational losses (as in less than 3 Euro rounds) and the 3m will cover a couple of lean years on that front.
They had 3m in cash reserves before the losses of 2018, 2019. And what was in reserve at the end of 2019 season (about 1m) had been eroded by a variety of expenditures before the new season began and maintaining 100% cost of all employee contracts, in a time with very little income until euro competition in sept. The owners were most desperate to get into the europa group stage. It's not clear exactly when most of that 3m will be paid out, but usually some time after the competition has concluded. Even before covid theDundalk budget was dependant on success in europe.

When the new owners purchased the club in jan 2019, do you think all the assets including any cash reserves, were purchased for free? Since the group made the initial investment to acquire the club, ithe club has bleeded money.

I think we are in agreement here. They build up cash from Europe, run at 'a loss', build up cash from Europe and so on. Their business model relies on at least 6 games in Europe which they didn't do last year
Rather risky business model.  The Euro money is a bit of a double edged sword.  Crusaders up North seem to have become quite reliant on it and may be fairly snookered if they miss out on Euro qualification, and progression, for a season or two.

I think all clubs will be feeling the pinch these days regardless of the Euro money.  I presume there'll be a lack of sponsorship coming in now as companies will not be risking money that they might need to keep afloat over the next few months.
Chat of 40 to 60 Irish League games live on BBC NI which might be of interest to some businesses.  As you say, I would imagine most businesses will be belt-tightening though for forseeable.

imtommygunn

Football clubs all round the place are going to hit very hard times from the top right down. Probably more the more professional ones too with the big wage bills.

Main Street

Quote from: Baile Brigín 2 on October 03, 2020, 10:04:49 AM
Quote from: Main Street on October 03, 2020, 08:07:56 AM
Quote from: Baile Brigín 2 on October 02, 2020, 09:39:58 PM
Quote from: Main Street on October 02, 2020, 07:24:32 PM
Quote from: J70 on October 02, 2020, 01:40:29 PM
Quote from: Main Street on October 02, 2020, 01:17:57 PM
Dundalk will be fortunate to get one or two draws in that group, though good that there's no expensive 10 hour journeys to the depths of east Europe.

The money earned so far will just balance out their accounts over the past 2 seasons, ease the panic of the investors.

Haven't followed too closely.

Have Dundalk overextended themselves?
It's public knowledge that they have recorded big losses in their annual accounts.
The submitted club accounts record a
"total loss of €681,467 for the year ending November 30, 2018"
"total loss for the year ending  nov 2019  €1,226,000"

And although the loss has not been accounted for yet in 2020, the owners have paid the full time salaries of the contracted players since the league went into pause in March and I assume many of those player contracts are the highest in the LOI.
It's a fair statement to claim Dundalks losses are considerable, that's the reson why the ultimatum was laid down to new coaching team to qualify for the Europa leage group stage, or else.

And the four years before that?

They have cash in bank to cover operational losses (as in less than 3 Euro rounds) and the 3m will cover a couple of lean years on that front.
They had 3m in cash reserves before the losses of 2018, 2019. And what was in reserve at the end of 2019 season (about 1m) had been eroded by a variety of expenditures before the new season began and maintaining 100% cost of all employee contracts, in a time with very little income until euro competition in sept. The owners were most desperate to get into the europa group stage. It's not clear exactly when most of that 3m will be paid out, but usually some time after the competition has concluded. Even before covid theDundalk budget was dependant on success in europe.

When the new owners purchased the club in jan 2019, do you think all the assets including any cash reserves, were purchased for free? Since the group made the initial investment to acquire the club, ithe club has bleeded money.

I think we are in agreement here. They build up cash from Europe, run at 'a loss', build up cash from Europe and so on. Their business model relies on at least 6 games in Europe which they didn't do last year
There is no "we are in agreement" what planet are you on? ;D
Unless you have suddenly realised you were spoofing your head off about Dundalk having a Eur3m cash reserve in 2020.  As well as not realising that the new club owners did not get the club, lock stock and barrel for free. They have spent a considerable anmount of money to purchase the club in jan 2019, have watched it lose Eur 1.2m in the first year and in 2020 probably another 1.2m. - Eur2m And unless the club qualified for the EL group stage the owners were expected to pump money into this leaky vessel and still have a crap stadium with an unwinningiest team.

Baile Brigín 2

Quote from: michaelg on October 03, 2020, 10:31:10 AM
Quote from: Baile Brigín 2 on October 03, 2020, 10:04:49 AM
Quote from: Main Street on October 03, 2020, 08:07:56 AM
Quote from: Baile Brigín 2 on October 02, 2020, 09:39:58 PM
Quote from: Main Street on October 02, 2020, 07:24:32 PM
Quote from: J70 on October 02, 2020, 01:40:29 PM
Quote from: Main Street on October 02, 2020, 01:17:57 PM
Dundalk will be fortunate to get one or two draws in that group, though good that there's no expensive 10 hour journeys to the depths of east Europe.

The money earned so far will just balance out their accounts over the past 2 seasons, ease the panic of the investors.

Haven't followed too closely.

Have Dundalk overextended themselves?
It's public knowledge that they have recorded big losses in their annual accounts.
The submitted club accounts record a
"total loss of €681,467 for the year ending November 30, 2018"
"total loss for the year ending  nov 2019  €1,226,000"

And although the loss has not been accounted for yet in 2020, the owners have paid the full time salaries of the contracted players since the league went into pause in March and I assume many of those player contracts are the highest in the LOI.
It's a fair statement to claim Dundalks losses are considerable, that's the reson why the ultimatum was laid down to new coaching team to qualify for the Europa leage group stage, or else.

And the four years before that?

They have cash in bank to cover operational losses (as in less than 3 Euro rounds) and the 3m will cover a couple of lean years on that front.
They had 3m in cash reserves before the losses of 2018, 2019. And what was in reserve at the end of 2019 season (about 1m) had been eroded by a variety of expenditures before the new season began and maintaining 100% cost of all employee contracts, in a time with very little income until euro competition in sept. The owners were most desperate to get into the europa group stage. It's not clear exactly when most of that 3m will be paid out, but usually some time after the competition has concluded. Even before covid theDundalk budget was dependant on success in europe.

When the new owners purchased the club in jan 2019, do you think all the assets including any cash reserves, were purchased for free? Since the group made the initial investment to acquire the club, ithe club has bleeded money.

I think we are in agreement here. They build up cash from Europe, run at 'a loss', build up cash from Europe and so on. Their business model relies on at least 6 games in Europe which they didn't do last year
Rather risky business model.  The Euro money is a bit of a double edged sword.  Crusaders up North seem to have become quite reliant on it and may be fairly snookered if they miss out on Euro qualification, and progression, for a season or two.

I agree its risky, but Dundalk are far better placed to qualify for and progress into Europe than Crusaders.

Baile Brigín 2

Quote from: Main Street on October 03, 2020, 12:07:58 PM
Quote from: Baile Brigín 2 on October 03, 2020, 10:04:49 AM
Quote from: Main Street on October 03, 2020, 08:07:56 AM
Quote from: Baile Brigín 2 on October 02, 2020, 09:39:58 PM
Quote from: Main Street on October 02, 2020, 07:24:32 PM
Quote from: J70 on October 02, 2020, 01:40:29 PM
Quote from: Main Street on October 02, 2020, 01:17:57 PM
Dundalk will be fortunate to get one or two draws in that group, though good that there's no expensive 10 hour journeys to the depths of east Europe.

The money earned so far will just balance out their accounts over the past 2 seasons, ease the panic of the investors.

Haven't followed too closely.

Have Dundalk overextended themselves?
It's public knowledge that they have recorded big losses in their annual accounts.
The submitted club accounts record a
"total loss of €681,467 for the year ending November 30, 2018"
"total loss for the year ending  nov 2019  €1,226,000"

And although the loss has not been accounted for yet in 2020, the owners have paid the full time salaries of the contracted players since the league went into pause in March and I assume many of those player contracts are the highest in the LOI.
It's a fair statement to claim Dundalks losses are considerable, that's the reson why the ultimatum was laid down to new coaching team to qualify for the Europa leage group stage, or else.

And the four years before that?

They have cash in bank to cover operational losses (as in less than 3 Euro rounds) and the 3m will cover a couple of lean years on that front.
They had 3m in cash reserves before the losses of 2018, 2019. And what was in reserve at the end of 2019 season (about 1m) had been eroded by a variety of expenditures before the new season began and maintaining 100% cost of all employee contracts, in a time with very little income until euro competition in sept. The owners were most desperate to get into the europa group stage. It's not clear exactly when most of that 3m will be paid out, but usually some time after the competition has concluded. Even before covid theDundalk budget was dependant on success in europe.

When the new owners purchased the club in jan 2019, do you think all the assets including any cash reserves, were purchased for free? Since the group made the initial investment to acquire the club, ithe club has bleeded money.

I think we are in agreement here. They build up cash from Europe, run at 'a loss', build up cash from Europe and so on. Their business model relies on at least 6 games in Europe which they didn't do last year
There is no "we are in agreement" what planet are you on? ;D
Unless you have suddenly realised you were spoofing your head off about Dundalk having a Eur3m cash reserve in 2020.  As well as not realising that the new club owners did not get the club, lock stock and barrel for free. They have spent a considerable anmount of money to purchase the club in jan 2019, have watched it lose Eur 1.2m in the first year and in 2020 probably another 1.2m. - Eur2m And unless the club qualified for the EL group stage the owners were expected to pump money into this leaky vessel and still have a crap stadium with an unwinningiest team.

Try reading what I said, not the strawman you want me to have said.

Dundalks losses are accountimg losses. They had more than sufficient cash in the bank to cover them and indeed thats the business plan. A good year in Europe covers two bad years. Reduce the two to one or none and they can take more profit while increasing the wage bill.

Completely agree the stadium is a disgrace and they have no intention of even maintaining it rather than improving.

But back to my original point. They are way behind Rovers on and off the pitch at the moment and probably got the softest ever route to group football. They should get Europe this year but its not guaranteed. Their business model was very lucky this season especially with the farces upstairs. This manager might actually be ok and seems to have steadied the ship. Their recruitment has been dire and needs significant improvement.

Ed Ricketts

#101
Quote from: Baile Brigín 2 on October 03, 2020, 10:02:25 AM
Quote from: Ed Ricketts on October 02, 2020, 10:52:33 PM
Quote from: Baile Brigín 2 on October 02, 2020, 10:19:40 PM
Quote from: Ed Ricketts on October 02, 2020, 10:15:28 PM
Quote from: CitySlicker11 on October 02, 2020, 10:03:44 PM
On which points does it fail to pass? Without fans could they not be hosting these home games at their own ground now?

https://en.wikipedia.org/wiki/UEFA_stadium_categories

Need to have a Cat 4 ground to host Europa League games. Capacity is only one of a load of criteria. Oriel would fall short in many areas.

They'd need a new build stadium if they ever wanted to host big European ties in the town. But I'm not sure investing in club infrastructure features prominently in the Yanks' business model.

Cat 3 or 4, but agree with your thrust

Cat 4 from the Group Stage according to this:

https://documents.uefa.com/reader/QkpIwlMTBDPJUAZTt6eBCw/Cbqut~tOrQtcNQn~mIxffg

Tallaght is cat 3 and has been used twice

Perhaps the rules have changed since 2016. Their three home games this year will be in the Aviva, a Cat 4 stadium.

Doesn't really matter, I suppose. Reality is that they're unlikely to ever again host a big European game in the town, especially under the current ownership. Maybe if the local council offered to build them a stadium, though...
Doc would listen to any kind of nonsense and change it for you to a kind of wisdom.

Baile Brigín 2

Quote from: Ed Ricketts on October 03, 2020, 02:35:27 PM
Quote from: Baile Brigín 2 on October 03, 2020, 10:02:25 AM
Quote from: Ed Ricketts on October 02, 2020, 10:52:33 PM
Quote from: Baile Brigín 2 on October 02, 2020, 10:19:40 PM
Quote from: Ed Ricketts on October 02, 2020, 10:15:28 PM
Quote from: CitySlicker11 on October 02, 2020, 10:03:44 PM
On which points does it fail to pass? Without fans could they not be hosting these home games at their own ground now?

https://en.wikipedia.org/wiki/UEFA_stadium_categories

Need to have a Cat 4 ground to host Europa League games. Capacity is only one of a load of criteria. Oriel would fall short in many areas.

They'd need a new build stadium if they ever wanted to host big European ties in the town. But I'm not sure investing in club infrastructure features prominently in the Yanks' business model.

Cat 3 or 4, but agree with your thrust

Cat 4 from the Group Stage according to this:

https://documents.uefa.com/reader/QkpIwlMTBDPJUAZTt6eBCw/Cbqut~tOrQtcNQn~mIxffg

Tallaght is cat 3 and has been used twice

Perhaps the rules have changed since 2016. Their three home games this year will be in the Aviva, a Cat 4 stadium.

Doesn't really matter, I suppose. Reality is that they're unlikely to ever again host a big European game in the town, especially under the current ownership. Maybe if the local council offered to build them a stadium, though...

They aren't in Tallaght because Rovers are using it, it was their preferred choice.

Louth CC and DKIT explored a municipal stadium but the GAA weren't interested so it fell apart.

michaelg

Quote from: Baile Brigín 2 on October 03, 2020, 02:02:01 PM
Quote from: michaelg on October 03, 2020, 10:31:10 AM
Quote from: Baile Brigín 2 on October 03, 2020, 10:04:49 AM
Quote from: Main Street on October 03, 2020, 08:07:56 AM
Quote from: Baile Brigín 2 on October 02, 2020, 09:39:58 PM
Quote from: Main Street on October 02, 2020, 07:24:32 PM
Quote from: J70 on October 02, 2020, 01:40:29 PM
Quote from: Main Street on October 02, 2020, 01:17:57 PM
Dundalk will be fortunate to get one or two draws in that group, though good that there's no expensive 10 hour journeys to the depths of east Europe.

The money earned so far will just balance out their accounts over the past 2 seasons, ease the panic of the investors.

Haven't followed too closely.

Have Dundalk overextended themselves?
It's public knowledge that they have recorded big losses in their annual accounts.
The submitted club accounts record a
"total loss of €681,467 for the year ending November 30, 2018"
"total loss for the year ending  nov 2019  €1,226,000"

And although the loss has not been accounted for yet in 2020, the owners have paid the full time salaries of the contracted players since the league went into pause in March and I assume many of those player contracts are the highest in the LOI.
It's a fair statement to claim Dundalks losses are considerable, that's the reson why the ultimatum was laid down to new coaching team to qualify for the Europa leage group stage, or else.

And the four years before that?

They have cash in bank to cover operational losses (as in less than 3 Euro rounds) and the 3m will cover a couple of lean years on that front.
They had 3m in cash reserves before the losses of 2018, 2019. And what was in reserve at the end of 2019 season (about 1m) had been eroded by a variety of expenditures before the new season began and maintaining 100% cost of all employee contracts, in a time with very little income until euro competition in sept. The owners were most desperate to get into the europa group stage. It's not clear exactly when most of that 3m will be paid out, but usually some time after the competition has concluded. Even before covid theDundalk budget was dependant on success in europe.

When the new owners purchased the club in jan 2019, do you think all the assets including any cash reserves, were purchased for free? Since the group made the initial investment to acquire the club, ithe club has bleeded money.

I think we are in agreement here. They build up cash from Europe, run at 'a loss', build up cash from Europe and so on. Their business model relies on at least 6 games in Europe which they didn't do last year
Rather risky business model.  The Euro money is a bit of a double edged sword.  Crusaders up North seem to have become quite reliant on it and may be fairly snookered if they miss out on Euro qualification, and progression, for a season or two.

I agree its risky, but Dundalk are far better placed to qualify for and progress into Europe than Crusaders.
Not sure I agree.  Although there is a bit more money in the Irish League these days (Glens and Larne), Crusaders still  have a strong chance of Euro qualification each year.  Would there not be more LOI teams realistically competing for the Euro spots?  Also, not sure how the seeding works but if Dundalk draw Rangers, Celtic, Galatasaray etc, I would not have fancy their chances of progressing to  group stages every year.

Baile Brigín 2

Quote from: michaelg on October 03, 2020, 08:40:47 PM
Quote from: Baile Brigín 2 on October 03, 2020, 02:02:01 PM
Quote from: michaelg on October 03, 2020, 10:31:10 AM
Quote from: Baile Brigín 2 on October 03, 2020, 10:04:49 AM
Quote from: Main Street on October 03, 2020, 08:07:56 AM
Quote from: Baile Brigín 2 on October 02, 2020, 09:39:58 PM
Quote from: Main Street on October 02, 2020, 07:24:32 PM
Quote from: J70 on October 02, 2020, 01:40:29 PM
Quote from: Main Street on October 02, 2020, 01:17:57 PM
Dundalk will be fortunate to get one or two draws in that group, though good that there's no expensive 10 hour journeys to the depths of east Europe.

The money earned so far will just balance out their accounts over the past 2 seasons, ease the panic of the investors.

Haven't followed too closely.

Have Dundalk overextended themselves?
It's public knowledge that they have recorded big losses in their annual accounts.
The submitted club accounts record a
"total loss of €681,467 for the year ending November 30, 2018"
"total loss for the year ending  nov 2019  €1,226,000"

And although the loss has not been accounted for yet in 2020, the owners have paid the full time salaries of the contracted players since the league went into pause in March and I assume many of those player contracts are the highest in the LOI.
It's a fair statement to claim Dundalks losses are considerable, that's the reson why the ultimatum was laid down to new coaching team to qualify for the Europa leage group stage, or else.

And the four years before that?

They have cash in bank to cover operational losses (as in less than 3 Euro rounds) and the 3m will cover a couple of lean years on that front.
They had 3m in cash reserves before the losses of 2018, 2019. And what was in reserve at the end of 2019 season (about 1m) had been eroded by a variety of expenditures before the new season began and maintaining 100% cost of all employee contracts, in a time with very little income until euro competition in sept. The owners were most desperate to get into the europa group stage. It's not clear exactly when most of that 3m will be paid out, but usually some time after the competition has concluded. Even before covid theDundalk budget was dependant on success in europe.

When the new owners purchased the club in jan 2019, do you think all the assets including any cash reserves, were purchased for free? Since the group made the initial investment to acquire the club, ithe club has bleeded money.

I think we are in agreement here. They build up cash from Europe, run at 'a loss', build up cash from Europe and so on. Their business model relies on at least 6 games in Europe which they didn't do last year
Rather risky business model.  The Euro money is a bit of a double edged sword.  Crusaders up North seem to have become quite reliant on it and may be fairly snookered if they miss out on Euro qualification, and progression, for a season or two.

I agree its risky, but Dundalk are far better placed to qualify for and progress into Europe than Crusaders.
Not sure I agree.  Although there is a bit more money in the Irish League these days (Glens and Larne), Crusaders still  have a strong chance of Euro qualification each year.  Would there not be more LOI teams realistically competing for the Euro spots?  Also, not sure how the seeding works but if Dundalk draw Rangers, Celtic, Galatasaray etc, I would not have fancy their chances of progressing to  group stages every year.

The Champions route of the EL is designed to give those who parachute down a piss easy run