Ewan McKenna

[weareros]

Galway and Ros got bailed out too.
Maybe if HQ had made expertise available at the start  to Co Boards undertaking big projects a lot of poor decisions could have been avoided.

In our case a local business man gave money. I don't think HQ bailed us out with any help on debt?

[Captain Scarlet]

They helped Kildare too. But they also got us back on track in the longer term which costs less.

See the issue is that if the GAA didn't get involved and stood off, allowing vultures in, the same man would be SCATHING of the GAA.

[Rossfan]

Galway and Ros got bailed out too.
Maybe if HQ had made expertise available at the start  to Co Boards undertaking big projects a lot of poor decisions could have been avoided.

In our case a local business man gave money. I don't think HQ bailed us out with any help on debt?

When the time was up to repay the businessman HQ paid off the 75% outstanding.
If I recall correctly we finally paid HQ off a few years ago.

[RedHand88]

They helped Kildare too. But they also got us back on track in the longer term which costs less.

See the issue is that if the GAA didn't get involved and stood off, allowing vultures in, the same man would be SCATHING of the GAA.

But in this case the GAA are the vulture fund.

[Captain Scarlet]

So McHale Park is in danger of being sold?!
That's on the table if the GAA are a Vulture fund.

[JoG2]

They helped Kildare too. But they also got us back on track in the longer term which costs less.

See the issue is that if the GAA didn't get involved and stood off, allowing vultures in, the same man would be SCATHING of the GAA.

But in this case the GAA are the vulture fund.

Snappy tabloid headline, true if they were pocketing the profits, but the distribution of it doesn't = vulture fund

[Truthsayer]

Not the big wow! expose McKenna thought it was.
Most people wud hardly understand it... speaking for myself on that maybe!

[weareros]

They helped Kildare too. But they also got us back on track in the longer term which costs less.

See the issue is that if the GAA didn't get involved and stood off, allowing vultures in, the same man would be SCATHING of the GAA.

But in this case the GAA are the vulture fund.

Guaranteeing the debt from county boards that have over extended themselves. There's no one getting a big bankers bonus where they go and buy a yacht and holiday home on a European riviera.

[The Wedger]

The big exposé looks more like a 'damp squid'.

[quit yo jibbajabba]

He's been "reading the Gaa forums"
Yous boys in trouble now

[Tubberman]

They helped Kildare too. But they also got us back on track in the longer term which costs less.

See the issue is that if the GAA didn't get involved and stood off, allowing vultures in, the same man would be SCATHING of the GAA.

But in this case the GAA are the vulture fund.

Guaranteeing the debt from county boards that have over extended themselves. There's no one getting a big bankers bonus where they go and buy a yacht and holiday home on a European riviera.

But they're calling in more repayments than they're owed. They're screwing over one of their own county boards.

[smelmoth]

They helped Kildare too. But they also got us back on track in the longer term which costs less.

See the issue is that if the GAA didn't get involved and stood off, allowing vultures in, the same man would be SCATHING of the GAA.

But in this case the GAA are the vulture fund.

Guaranteeing the debt from county boards that have over extended themselves. There's no one getting a big bankers bonus where they go and buy a yacht and holiday home on a European riviera.

But they're calling in more repayments than they're owed. They're screwing over one of their own county boards.

Well that directly contradicts McKenna's story. He claims the amount that Mayo are to repay is exactly the amount to the debt that HQ bought. Well, plus the interest at the original agreed rate.

The amount that Mayo are being asked to repay is the amount they borrowed plus the interest they agreed. Anyone that thinks Mayo are being shafted doesn't understand shopping.

[BigGreenField]

If the Gaa hadn't bought it , a spiv outfit would have and would have cranked the interest rate up to 10%/15% and more.

Gaa can't give Mayo a write down as it would be a green light to every county board to borrow money on overdraft and wait to be bailed out.

Central officers will have a fiduciary duty not piss the Gaa's money up the wall either.

This outcome is the best one for all parties, Mayo are effectively getting a subsidised interest rate versus the market, Gaa gets to hold financial discipline.

[gallsman]

They helped Kildare too. But they also got us back on track in the longer term which costs less.

See the issue is that if the GAA didn't get involved and stood off, allowing vultures in, the same man would be SCATHING of the GAA.

But in this case the GAA are the vulture fund.

Guaranteeing the debt from county boards that have over extended themselves. There's no one getting a big bankers bonus where they go and buy a yacht and holiday home on a European riviera.

But they're calling in more repayments than they're owed. They're screwing over one of their own county boards.

They have spent about 2.5m euro of association money to prevent any vulture fund from being able to buy the debt.

Not Mayo money. Association money. You think they should do that and then write the rest of it off?

[gallsman]

e wall either.

This outcome is the best one for all parties, Mayo are effectively getting a subsidised interest rate versus the market, Gaa gets to hold financial discipline.

They'll also be able to negotiate and re-finance to their heart's content as required.