Who’s lending these people money

Millionaire only not

Who’s lending these people money to be spent any which way they like !
Same with fai !
It’s all falling back on the ordinary person to pick up these losses!

https://www.independent.ie/irish-news/news/archbishop-moves-to-put-company-set-up-to-run-popes-dublin-visit-into-voluntary-liquidation-after-loss-of-4-5m-recorded-last-year-38788926.html

tayto lover

That is scandalous.
Should be forced to sell some of their huge properties.

chunkylover4

Millionaire only not wrote: »

Who’s lending these people money to be spent any which way they like !
Same with fai !
It’s all falling back on the ordinary person to pick up these losses!

https://www.independent.ie/irish-news/news/archbishop-moves-to-put-company-set-up-to-run-popes-dublin-visit-into-voluntary-liquidation-after-loss-of-4-5m-recorded-last-year-38788926.html

They are extremely likely to be secured loans in this case.

LoughNeagh2017

Back in the early 2000s the people of the Armagh diocese had to donate for the redevelopment of Armagh cathedral even though there was no need for anyone to ever go to Armagh cathedral.

thecowgoesmoo

Should be shipped out to Craggy Island. Terrible carry on by the Archbishop.

The Satanist

Pedo club should be fired into the sun.

ILoveYourVibes

The Satanist wrote: »

Pedo club should be fired into the sun.

huh?

Pedo club?

helimachoptor

ILoveYourVibes wrote: »

huh?

Pedo club?

where have you been for the last 10-20 years...

Igotadose

chunkylover4 wrote: »

They are extremely likely to be secured loans in this case.

Will those secured loans, now that the organization is in liquidation, be available for purchase? People would jump at the opportunity to buy them up, knock down a few churches and build community centers/abortion provider space/playgrounds/...

One wonders exactly how they're 'secured' (what real assets...)

Mrs OBumble

Igotadose wrote: »

Will those secured loans, now that the organization is in liquidation, be available for purchase? People would jump at the opportunity to buy them up, knock down a few churches and build community centers/abortion provider space/playgrounds/...

One wonders exactly how they're 'secured' (what real assets...)

Sorry but the article says:

"A note attached to the accounts states that the ICBC has agreed to meet the company’s liabilities."

Salary Negotiator

Who’s giving them money?

Well it would appear no one is, that’s why it’s being wound up.

Donald Trump

Millionaire only not wrote: »

Who’s lending these people money to be spent any which way they like !
Same with fai !
It’s all falling back on the ordinary person to pick up these losses!

https://www.independent.ie/irish-news/news/archbishop-moves-to-put-company-set-up-to-run-popes-dublin-visit-into-voluntary-liquidation-after-loss-of-4-5m-recorded-last-year-38788926.html

Gas when the rush to jump on the oul' Catholic bashing means that you don't even read the article.

Would you be posting the same shite on here if Jewish people organised a Jewish-related event and set up a company specifically to run that event. Then the year of the actual event it spent more than its income for that year. Then subsequently to the event the organisers decided to wind down the company, covering all liabilities.

Bit mad the level of naked intolerance and bigotry some people have

So it's all agreed.

We'll have another Mass.

Donald Trump

Donald Trump wrote: »

Gas when the rush to jump on the oul' Catholic bashing means that you don't even read the article.

Would you be posting the same shite on here if Jewish people organised a Jewish-related event and set up a company specifically to run that event. Then the year of the actual event it spent more than its income for that year. Then subsequently to the event the organisers decided to wind down the company, covering all liabilities.

Bit mad the level of naked intolerance and bigotry some people have

Jewish people would have made a profit though.

Millionaire only not

Donald Trump wrote: »

Gas when the rush to jump on the oul' Catholic bashing means that you don't even read the article.

Would you be posting the same shite on here if Jewish people organised a Jewish-related event and set up a company specifically to run that event. Then the year of the actual event it spent more than its income for that year. Then subsequently to the event the organisers decided to wind down the company, covering all liabilities.

Bit mad the level of naked intolerance and bigotry some people have

My point here is there obviously applying for a loan the same as everyone else but under different rules when comes to paying them back !
Are the chruch gone as crocket as the fai to set up a company and let it into liquidation because bit didn’t pay its way ?
That’s fraud what ever way u look at it , chruch , religion , Protestant Jewish catholic has nothing to do with it ! Grow up

Millionaire only not

Donald Trump wrote: »

Gas when the rush to jump on the oul' Catholic bashing means that you don't even read the article.

Would you be posting the same shite on here if Jewish people organised a Jewish-related event and set up a company specifically to run that event. Then the year of the actual event it spent more than its income for that year. Then subsequently to the event the organisers decided to wind down the company, covering all liabilities.

Bit mad the level of naked intolerance and bigotry some people have

And just to add read my initial post who’s lending these people money ! My bash is at banks and in this case it’s bank of Ireland that we already have bailed out !
Fai were 22 million to the good before Delaney landed and 55million plus in deficit on the way out !

NSAman

Deleted User wrote: »

Jewish people would have made a profit though.

And had top class entertainment, a nice kosher spread and a Mohel....

Donald Trump

Millionaire only not wrote: »

And just to add read my initial post who’s lending these people money ! My bash is at banks and in this case it’s bank of Ireland that we already have bailed out !
Fai were 22 million to the good before Delaney landed and 55million plus in deficit on the way out !

What is your issue with them being loaned money. You seem to equate being loaned money with a failure to pay it back. That is strange.

FAI is a shambles and have a black hole in their accounts and are looking for a government bailout.

The Catholic Church appears to have set up a company as a special vehicle to run an event. The company spent more than it took in last year and the Church is paying off the bills. I'm not seeing where your issue is with it.

Here's an analogy which you might understand as it does not have the hatred-tinted glasses you appear to be wearing.
Suppose MCD music promoters want to set up a festival called "Shyte in Mullingar". So they set up a spin off arm called MCD-Shyte. The spin-off runs the festival but ends up spending more than it takes in. So when the festival is over, MCD winds up MCD-Shyte and pay off its debts. Do you think that that is somehow a bailout by the taxpayer?

ahnowbrowncow

Donald Trump wrote: »

What is your issue with them being loaned money. You seem to equate being loaned money with a failure to pay it back. That is strange.

FAI is a shambles and have a black hole in their accounts and are looking for a government bailout.

The Catholic Church appears to have set up a company as a special vehicle to run an event. The company spent more than it took in last year and the Church is paying off the bills. I'm not seeing where your issue is with it.

Here's an analogy which you might understand as it does not have the hatred-tinted glasses you appear to be wearing.
Suppose MCD music promoters want to set up a festival called "Shyte in Mullingar". So they set up a spin off arm called MCD-Shyte. The spin-off runs the festival but ends up spending more than it takes in. So when the festival is over, MCD winds up MCD-Shyte and pay off its debts. Do you think that that is somehow a bailout by the taxpayer?

Do you have any evidence that the church are paying off the liabilities?

This is a separate legal entity and it has gone into liquidation with assets of €71,387 from income of €14m. Why would the church pay their debts? Out of the goodness of their hearts? Just like they dragged out the redress scheme payments, which were scandalously reduced from whta they ought to have been.

The head of the charity regulator recently admitted that they are vastly under staffed and have no hope of catching non compliance within charities without the aid of whistleblowers or external auditors raising concern and fear scandals like Console are happening or will happen again.

There are massive issues regarding transparency and governance in charities and this does little to dispel that feeling.

Donald Trump

ahnowbrowncow wrote: »

Do you have any evidence that the church are paying off the liabilities?

This is a separate legal entity and it has gone into liquidation with assets of €71,387 from income of €14m. Why would the church pay their debts? Out of the goodness of their hearts? Just like they dragged out the redress scheme payments, which were scandalously reduced from whta they ought to have been.

The head of the charity regulator recently admitted that they are vastly under staffed and have no hope of catching non compliance within charities without the aid of whistleblowers or external auditors raising concern and fear scandals like Console are happening or will happen again.

There are massive issues regarding transparency and governance in charities and this does little to dispel that feeling.

Ya wha?

What would you accept as "evidence"? Would I have had to look at their bank statements and verify the transactions?

The article report said that in the filings that the costs are being covered. Perhaps you think the article is lying? ................and if so you do it based on.....???? Your own prejudices???? ANy "evidence" yourself.

It would seem like a perfectly normal method to set up a dedicated vehicle for a one-off event like that. It would also be perfectly normal that loans to such a vehicle would need a guarantor. Which is what I would assume is the case here.

Mad how people's bigotry leads them to their own conclusions. Must be tiring always being on the look out for something that they can twist to their own agenda....

ahnowbrowncow

Donald Trump wrote: »

Ya wha?

What would you accept as "evidence"? Would I have had to look at their bank statements and verify the transactions?

The article report said that in the filings that the costs are being covered. Perhaps you think the article is lying? ................and if so you do it based on.....???? Your own prejudices???? ANy "evidence" yourself.

It would seem like a perfectly normal method to set up a dedicated vehicle for a one-off event like that. It would also be perfectly normal that loans to such a vehicle would need a guarantor. Which is what I would assume is the case here.

Mad how people's bigotry leads them to their own conclusions. Must be tiring always being on the look out for something that they can twist to their own agenda....

Fair enough, I can admit I was wrong, didn't see this line in the article on first viewing "A note attached to the accounts states that the ICBC has agreed to meet the company’s liabilities."

Pronto63

Donald Trump wrote: »

Suppose MCD music promoters want to set up a festival called "Shyte in Mullingar".

Sounds like a blast!

Who's headlining next year at SIM'20?

Donald Trump

Pronto63 wrote: »

Sounds like a blast!

Who's headlining next year at SIM'20?

Joe Dolan is being resurrected and reanimated especially for the event.

The second coming!

Oh me oh my!