Monaghan United withdraw from LoI

djpbarry

I'm sure people are aware already but the situation at Dundalk seems to be critical:

Dundalk's financial situation 'perilous'

Dundalk FC remain in a “perilous financial state” according to the club, despite meetings with the FAI and PFAI today.

Manager Seán McCaffrey has all but conceded the club will be relegated if it loses some key players in the transfer window, but the situation is far more severe than that and the fear is Dundalk may not even see out the rest of the season.

The club board “met with both Fran Gavin of the FAI and Stephen McGuinness and Ollie Cahill from the PFAI” this morning," a statement confirmed today. “Both meetings have been very constructive and the club acknowledge the part both organisations have played.

“However, the club remains in a perilous financial state and the Board are still working extremely hard to secure the club's participation for the remainder of the season.

“We acknowledge the worry and concern of the club’s supporters but would ask for your continued support and we will continue to keep you informed as the situation becomes more clearer. Hopefully this will be a lot more sooner than later but as there are some sensitive issues at play we are unable to state when we can make further statements.”

Owner Gerry Matthews reiterated this week he will not be applying to have Dundalk’s licence renewed for 2013. Supporters group the Dundalk FC Community Trust are now in discussions on the feasibility of a takeover.

http://www.irishtimes.com/sports/soccer/2012/0706/1224319557107.html

Seeing this kind of crap happening again and again and again, season after season, is utterly, utterly infuriating.

How hard is it to put together a realistic budget? It's hardly rocket science. Why are football clubs (not just Irish ones) so woefully incompetent when it comes to simple arithmetic?

And once again, how the funk did Dundalk get a license if, like Monaghan, they are up a creek barely halfway through the season?

BOHtox

Do Dundalk have debt or is there just an income shortfall for this year?

If the latter, surely it would just be a matter of losing 3 or 4 players until income exceeds expenditure and then then can pay some of the shortfall back whilst still being strong enough to play in the division

djpbarry

BOHtox wrote: »

Do Dundalk have debt or is there just an income shortfall for this year?

If the latter, surely it would just be a matter of losing 3 or 4 players until income exceeds expenditure and then then can pay some of the shortfall back whilst still being strong enough to play in the division

Precisely what I don't understand in the case of both Dundalk and Monaghan.

Equium

BOHtox wrote: »

Do Dundalk have debt or is there just an income shortfall for this year?

If the latter, surely it would just be a matter of losing 3 or 4 players until income exceeds expenditure and then then can pay some of the shortfall back whilst still being strong enough to play in the division

A comnination of both tbh. The club supposedly has a six figure debt whilst gate receipts are down markedly in comparison to recent years. A huge cut in the budget meant that younger players were brought in to replace proven quality, resulting in smaller crowds. It's a vicious circle, really.

Also, and more worryingly in the context of licensing procedures, the club had included an insurance claim in their expected income for the season. The pay-out was considerably smaller than expected, seemingly pushing them perilously close to the edge. It has gotten to the stage where members have been sent requests for a €200 donation.

monkey9

Is there any confirmation that Monaghan actually are paying off their debts to local business' etc??

BOHtox

Equium wrote: »

A comnination of both tbh. The club supposedly has a six figure debt whilst gate receipts are down markedly in comparison to recent years. A huge cut in the budget meant that younger players were brought in to replace proven quality, resulting in smaller crowds. It's a vicious circle, really.

Also, and more worryingly in the context of licensing procedures, the club had included an insurance claim in their expected income for the season. The pay-out was considerably smaller than expected, seemingly pushing them perilously close to the edge. It has gotten to the stage where members have been sent requests for a €200 donation.

But the budget is still 6300 a week. I don't see how that can be less then last year tbh.


Was there no indication that the attendences would be lower this year to last?

I really hate our league sometimes!

BKC

monkey9 wrote: »

Is there any confirmation that Monaghan actually are paying off their debts to local business' etc??

Well Monaghan said that they will be honouring all debts and paying all their debtors.

doncarlos

BOHtox wrote: »

But the budget is still 6300 a week. I don't see how that can be less then last year tbh.

Down €1500 from last year which is probably the equivalent of Jason Byrne and Greg Bolger's wages. In reality we should have a side that is the same as last year minus these two players, instead we have a team that would struggle badly in the first division.

This whole "wages slashed" bullshít is just a smokescreen to hide the fact that the board took a gamble on an absolute idiot of manager that fooled them in to thinking he would sign the cream of the young talent in the country and sell them on making the club money. He signed players that don't seem to be LOI standard but we'll never know as he doesn't have the skills or tactical know how to get the best out of them.

I really really can't stress how bad the guy is as a manager. It's getting close to Trevor Anderson territory and there is a chance you could take a punch if you mention Anderson's name in some parts of Dundalk

BOHtox wrote: »

Was there no indication that the attendences would be lower this year to last?

None. It is a combination of people fed up of Matthews and the absolute shíte that is on display.