Author Topic: John Delaney  (Read 2276 times)

Gael85

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John Delaney
« on: March 18, 2019, 09:09:50 PM »
https://www.thetimes.co.uk/article/51399e48-4838-11e9-ab90-7b64c665210d

Will Delaney survive against his latest scandal?

Capt Pat

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Re: John Delaney
« Reply #1 on: March 18, 2019, 11:38:32 PM »
What was the cheque for? What is the big deal does anyone know? Was he not doing a good deed for his employer the FAI?

Shamrock Shore

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Re: John Delaney
« Reply #2 on: March 18, 2019, 11:47:55 PM »
Not sure if this is a resigning matter per se but usually with these sort of stories it's a prelude to something bigger.....

Surprised it wasn't flagged in the FAI accounts...........but even more surprised that the FAI needed a Bertie style 'dig-out'.

Main Street

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Re: John Delaney
« Reply #3 on: March 18, 2019, 11:54:11 PM »
Not sure if this is a resigning matter per se but usually with these sort of stories it's a prelude to something bigger.....

Surprised it wasn't flagged in the FAI accounts...........but even more surprised that the FAI needed a Bertie style 'dig-out'.
It wasn't entered into the accounts, 'twas a ghostly type of a bridge loan, therefore the speculation is more focused on John D hiding some of his lure rather thanthe FAI being cash starved. Rumour has it the Sunday Times were on to it because of a petition from the estranged wife, aka the ex.

Baile Brigín 2

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Re: John Delaney
« Reply #4 on: March 19, 2019, 12:30:32 AM »
What was the cheque for? What is the big deal does anyone know? Was he not doing a good deed for his employer the FAI?

At one level a director floating his employers to cover cash flow is standard, legal and not particularly interesting. Rates would be less than going to the bank

However the FAI had a full house the week before and he happened to be in the middle of a divorce. Nobody is suggesting there was no cashflow issue and he was effectively hiding cash until the ink was dry. Nobody.

Baile Brigín 2

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Re: John Delaney
« Reply #5 on: March 19, 2019, 12:31:53 AM »
Not sure if this is a resigning matter per se but usually with these sort of stories it's a prelude to something bigger.....

Surprised it wasn't flagged in the FAI accounts...........but even more surprised that the FAI needed a Bertie style 'dig-out'.
It wasn't entered into the accounts, 'twas a ghostly type of a bridge loan, therefore the speculation is more focused on John D hiding some of his lure rather thanthe FAI being cash starved. Rumour has it the Sunday Times were on to it because of a petition from the estranged wife, aka the ex.

If it had been repaid where would it go in the accounts?

Shamrock Shore

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Re: John Delaney
« Reply #6 on: March 19, 2019, 08:09:19 AM »
If it was repaid withing the same year it wouldn't affect the Balance Sheet but it would have to be disclosed in a note to the accounts under 'Transactions with Directors'.

If this was an 'asset hiding' exercise from a hungry ex-wife then this is a slightly different matter. He would have to resign immediately.

But he won't  - as there are jockey's nether regions softer than his neck.

AZOffaly

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Re: John Delaney
« Reply #7 on: March 19, 2019, 09:12:00 AM »
What was the cheque for? What is the big deal does anyone know? Was he not doing a good deed for his employer the FAI?

At one level a director floating his employers to cover cash flow is standard, legal and not particularly interesting. Rates would be less than going to the bank

However the FAI had a full house the week before and he happened to be in the middle of a divorce. Nobody is suggesting there was no cashflow issue and he was effectively hiding cash until the ink was dry. Nobody.

I'm not surprised nobody is saying that. That would be egregious behaviour from a respected public figure.

Main Street

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Re: John Delaney
« Reply #8 on: March 19, 2019, 09:17:53 AM »
If it was repaid withing the same year it wouldn't affect the Balance Sheet but it would have to be disclosed in a note to the accounts under 'Transactions with Directors'.

If this was an 'asset hiding' exercise from a hungry ex-wife then this is a slightly different matter. He would have to resign immediately.

But he won't  - as there are jockey's nether regions softer than his neck.
The term "brass neck" comes to mind.
The transaction was FAI confidential, according to the IT there was no mention of the transaction in the year's accounts.

The statutory obligations are outlined here
http://www.irishstatutebook.ie/eli/2014/act/38/section/305/enacted/en/html
Companies Act 2014  CHAPTER 6
Disclosure of directors' remuneration and transactions





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Re: John Delaney
« Reply #9 on: March 20, 2019, 05:35:12 AM »
Sport Ireland are calling bollix on the whole "FAI were in difficulty" angle

https://www.the42.ie/sport-ireland-john-delaney-fai-loan-4550918-Mar2019/
Hasta la victoria siempre

Baile Brigín 2

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Re: John Delaney
« Reply #10 on: March 20, 2019, 11:01:44 AM »
Sport Ireland are calling bollix on the whole "FAI were in difficulty" angle

https://www.the42.ie/sport-ireland-john-delaney-fai-loan-4550918-Mar2019/

They carried a record turnover into 2017 (Euros) and had a full house the week before. Its possible they had a short term blip of course, but that contradicts the 'we traded through tough times, stadium debt clear by 2020' line.

Shamrock Shore

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Re: John Delaney
« Reply #11 on: March 21, 2019, 12:25:54 PM »


Dolph1

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Re: John Delaney
« Reply #12 on: March 21, 2019, 12:29:42 PM »
That is excellent!!
Trump 2020. Making America Greater Again