Author Topic: Money, Dublin and the GAA  (Read 77277 times)

Maroon Manc

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Re: Money, Dublin and the GAA
« Reply #795 on: May 10, 2018, 06:33:13 PM »
On the financial report it says

"Loan Interest McHale Park to Croke Park for 2017 was €164,596 - 2017
for 2016 €169,095"

must be running at circa €12/€15,000 a month perhaps?

"have seen an article saying Mayo make payments of somewhere in the region of €33,000 per month over the next 29 years tho"

Under Schedule 2 it has
Sponsorship €537,445 for 2017

AIG's Dublin is around €800,000 a year.  (5mil over 4 yrs)

Still pretty good for Mayo with the sponsorship if all correct!

Though I have little in the way of financial nous, that looks to be about 3.5% interest on the €5m
And €33k a month sounds about right for a 20year loan on those terms.

Croke Park must regard Mayo to be a low risk investment :)

HQ's bail out has saved them 15,000 euro's a month. They were paying the Ulster Bank 48,000 a month.

CJ2017

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Re: Money, Dublin and the GAA
« Reply #796 on: May 11, 2018, 02:07:08 AM »
Anyone know how much the Kerry Group deal is worth to Kerry
doesnt seem to be anything out in the public domain that i can find,
on their website they say the Kerry group donated 1 million euros
towards the centre of excellence. Friends of Kerry 700k.

A lot of talk about Leitrim only getting 20k for the jersey sponsorship.
In light of what Dublin/AIG deal is 800k a year, Mayo appear to be 537k for last year,

Anyone know Kerrys deal or others?

TheGreatest

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Re: Money, Dublin and the GAA
« Reply #797 on: May 11, 2018, 09:59:38 AM »
Anyone know how much the Kerry Group deal is worth to Kerry
doesnt seem to be anything out in the public domain that i can find,
on their website they say the Kerry group donated 1 million euros
towards the centre of excellence. Friends of Kerry 700k.

A lot of talk about Leitrim only getting 20k for the jersey sponsorship.
In light of what Dublin/AIG deal is 800k a year, Mayo appear to be 537k for last year,

Anyone know Kerrys deal or others?

Shush, only Dublin's money matter, nobody else cares about Kerry Group or Leitrim's direct neighbours Mayo.

Expenditure, shush.

The only comparison ignorant people use is Dublin V Leitrim.

Rossfan

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Re: Money, Dublin and the GAA
« Reply #798 on: May 11, 2018, 10:15:20 AM »
Leitrim doesn't border Mayo.
But then again if ye get nearly all ye're matches at home ya wouldn't be too hot on geography  ;D
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From the Bunker

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Re: Money, Dublin and the GAA
« Reply #799 on: May 11, 2018, 10:20:13 AM »
Anyone know how much the Kerry Group deal is worth to Kerry
doesnt seem to be anything out in the public domain that i can find,
on their website they say the Kerry group donated 1 million euros
towards the centre of excellence. Friends of Kerry 700k.

A lot of talk about Leitrim only getting 20k for the jersey sponsorship.
In light of what Dublin/AIG deal is 800k a year, Mayo appear to be 537k for last year,

Anyone know Kerrys deal or others?

Shush, only Dublin's money matter, nobody else cares about Kerry Group or Leitrim's direct neighbours Mayo.

Expenditure, shush.

The only comparison ignorant people use is Dublin V Leitrim.

 ;D ;D ;D ;D ;D ;D ;D ;D

You'd need to dust down your 3rd class national School Atlas and educate yourself.

TheGreatest

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Re: Money, Dublin and the GAA
« Reply #800 on: May 11, 2018, 10:21:03 AM »
Leitrim doesn't border Mayo.
But then again if ye get nearly all ye're matches at home ya wouldn't be too hot on geography  ;D

Provincial neighbours....  8)

Also good one, never heard that one before.

manfromdelmonte

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Re: Money, Dublin and the GAA
« Reply #801 on: May 11, 2018, 10:23:59 AM »
Leitrim doesn't border Mayo.
But then again if ye get nearly all ye're matches at home ya wouldn't be too hot on geography  ;D

Provincial neighbours....  8)

Also good one, never heard that one before.
there are two counties between Leitrim and Mayo
it'd be like saying Carlow borders Dublin

Farrandeelin

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Re: Money, Dublin and the GAA
« Reply #802 on: May 11, 2018, 10:34:43 AM »
Leitrim doesn't border Mayo.
But then again if ye get nearly all ye're matches at home ya wouldn't be too hot on geography  ;D

Provincial neighbours....  8)

Also good one, never heard that one before.

Same province, not neighbours.
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Lar Naparka

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Re: Money, Dublin and the GAA
« Reply #803 on: May 11, 2018, 11:23:28 AM »
On the financial report it says

"Loan Interest McHale Park to Croke Park for 2017 was €164,596 - 2017
for 2016 €169,095"

must be running at circa €12/€15,000 a month perhaps?

"have seen an article saying Mayo make payments of somewhere in the region of €33,000 per month over the next 29 years tho"

Under Schedule 2 it has
Sponsorship €537,445 for 2017

AIG's Dublin is around €800,000 a year.  (5mil over 4 yrs)

Still pretty good for Mayo with the sponsorship if all correct!

Though I have little in the way of financial nous, that looks to be about 3.5% interest on the €5m
And €33k a month sounds about right for a 20year loan on those terms.

Croke Park must regard Mayo to be a low risk investment :)

HQ's bail out has saved them 15,000 euro's a month. They were paying the Ulster Bank 48,000 a month.
True but don't forget that the number of months has increased. The loan was re-structured, which is normal practice for loans of a similar nature and Mayo will still have to pay off every cent that was borrowed.
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mup

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Re: Money, Dublin and the GAA
« Reply #804 on: May 11, 2018, 11:45:32 AM »
Leitrim doesn't border Mayo.
But then again if ye get nearly all ye're matches at home ya wouldn't be too hot on geography  ;D

 ;D ;D

Now that was embarrassing.

Maroon Manc

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Re: Money, Dublin and the GAA
« Reply #805 on: May 11, 2018, 11:47:36 AM »
On the financial report it says

"Loan Interest McHale Park to Croke Park for 2017 was €164,596 - 2017
for 2016 €169,095"

must be running at circa €12/€15,000 a month perhaps?

"have seen an article saying Mayo make payments of somewhere in the region of €33,000 per month over the next 29 years tho"

Under Schedule 2 it has
Sponsorship €537,445 for 2017

AIG's Dublin is around €800,000 a year.  (5mil over 4 yrs)

Still pretty good for Mayo with the sponsorship if all correct!

Though I have little in the way of financial nous, that looks to be about 3.5% interest on the €5m
And €33k a month sounds about right for a 20year loan on those terms.

Croke Park must regard Mayo to be a low risk investment :)

HQ's bail out has saved them 15,000 euro's a month. They were paying the Ulster Bank 48,000 a month.
True but don't forget that the number of months has increased. The loan was re-structured, which is normal practice for loans of a similar nature and Mayo will still have to pay off every cent that was borrowed.

I see, wasn't aware of that.  It wasn't a dig at Mayo, crazy thinking at the time they could manage repayments of nearly 50,000 a month.

Hound

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Re: Money, Dublin and the GAA
« Reply #806 on: May 15, 2018, 09:27:09 AM »

Quote
Most clubs across Dublin receive subsidies of around €15,000 to €20,000 towards the employment of club coaches, which in turn help clubs drive large membership incomes.


Another source of funding for Dublin clubs is the use of the Clubhouse for social functions. I played a junior match in the Thomas Davis club (on one of their fields) on a Sunday morning and by the time our match was finished the clubhouse was full for one of those sky "super sunday" days. I was told that it's the same every Sunday during the year. Clean up operation here in Dublin.
You only get money to hire the coach if the club (i.e. its members) put up 50% of the cash. So saying it drives membership is a bit of a chicken and egg. One of the coaches jobs (probably their main job) is to go to primary schools to encourage the kids to come up and join the club, so it probably does drive membership alright, but you have to put up the money first.

I presume that the same deal is available in every county? If not, then you blame the county board not Dublin
But, as I've said before, I don't think it would work in most counties, even sharing between 2/3 clubs. You have this young lad or girl, maybe 24 or 25, who have done their coaching courses but wouldnt be a patch on a lot of the actual current coaches in every club who do it for nothing. So most of the time they're just let coach the 4 to 8 year olds before they join a team (which is the real advantage Dublin have, as we have loads of those, many the sons/daughters of non-Dubs).

And also they'll do a "train the trainer" type of job to help parents who want to look after their son/daughter's team. Very basic stuff, but useful nonetheless to get people started. But the paid coaches are absolutely not let near the elite lads or adult first teams, because in the vast majority of cases they're simply not yet good enough for that level.

The clubhouse thing getting used for social functions is hardly a Dublin only thing? The one's in good locations get good footfall and takings. The one's in out of the way locations get feck all. 

Lone Shark

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Re: Money, Dublin and the GAA
« Reply #807 on: May 17, 2018, 04:46:06 PM »
I presume that the same deal is available in every county? If not, then you blame the county board not Dublin

Of course not. For example, if that deal was available in Offaly and every club took them up on it, the cost would be around 80% of the county's total budget for the year - with the best will in the world, most counties aren't in the position to subsidise 20% of the cost of a dedicated GPO for a club, never mind 50%. How is that Offaly's fault?

Rossfan

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Re: Money, Dublin and the GAA
« Reply #808 on: May 17, 2018, 05:03:09 PM »
Big difference between clubs with 1,000 population if even that in their area and ones with 25,000 to 50,000.
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LooseCannon

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Re: Money, Dublin and the GAA
« Reply #809 on: May 17, 2018, 05:25:20 PM »
Big difference between clubs with 1,000 population if even that in their area and ones with 25,000 to 50,000.
Unfortunately, we’ve some with less than half of that.