Greatest League in the World 2024 [LOI Thread]

There was an American interested but he's ran away, presumably after seeing the state of the figures.

The facts are Stephen McGuiness, PFAI, has gone in and seen how bad it is. He's given an interview to say they could go bust in weeks.

Subsequently the club have come out with a statement this evening saying they've a crucial "24 hours" ahead.

For an administrative process to work there has to be a route to returning to trading. Dundalk don't have that. There's talk of debts in excess of €2 million+ and they're losing 20k/month.

Ha, please don't give me such a laugh this early in the morning.

Where would rovers be then?

that doesn't mean there can't be any entity in Dundalk looking for a licence though, it can't mean that.

If a fan group could get the use of Oriel then that's probably enough to at least have a presence in D1 of some description

Apparently licence applications would have had to be submitted already. I’m not saying that I know this. I’m saying the source I mentioned (who has been covering the situation in depth) has said this.

You’d think it’d be a bad exception for them to make, if the rule is ever to hold any water.

Wouldn’t make much sense for anyone with any interest in funding Dundalk to pay up now, when they can do it with a clean slate next season.

this is a good question. Anyone know the answer?

THe radio news said 5pm is the deadline.

If Dundalk go bust at this stage, there's no chance another entity can be put together before the start of next year. It's not like the good old JD days where you'd just ring up Cabo and ask if they were alright for socks.

The Dundalk fan group is in no way capable of forming a club and I'm not sure "investors" will be too keen on taking over a First Division club playing out of Oriel - a pitch which they got a dispensation for this year and requires around 500k of work to be up to Premier Division standard.

A year out of football ala Limerick/Treaty where Treaty entered teams in the youth leagues before entering one in the First Division seems likely. Enter Shams B in the meantime.

Yeah you'd have to say that would immediately kill off any hopes of euro football for a couple of clubs. Creates a definite split in the table to a Top 4.

Sounds like crap.

Sure some teams will have played against Dundalk more than others, and some might have to play them again.

The wage bill is about €1.5 million. Their overall budget is around €2 million. Their income has fallen year on year without Europe and title challenges. So it's easy to see how their accumulating debt of around €2 million. Ainscough was plugging holes as well and some debt is owed to him in directors loans. Now he's stopped paying bills there's no money to pay anyone's wages.

Even at that, they'll still owe people wages. They're most likely prioritising paying players to meet licencing and avoid a points deduction but there'll be other people on the payroll who won't be getting paid. The total wage bill for players, coaches and other staff is €120,000/month. No way they're meeting that obligation in full.

Then there's the likes of Zahibo who Peak 6 had on anything up to 200k/year (I'm probably understating it) and is taking them to court for unpaid wages.

Dundalk would take the relegation spot and whoever finishes bottom of the remaining 9 is in the playoff.

Pretty much. Even if the club properly goes under, a new entity will arrive next season (or at worst 2026) and claim to be a direct continuation of the current club.

Hopefully it doesn't get to that point though.

Dreamer stuff. No chance a squad that have had missed pay days and know they won't be playing for Dundalk next year are focused on anything other than getting the hell out of the exit door.

The talk of a takeover that has come about in the last 2 hours is the exact kind of thing that would put a different mood in the building.

Sickened we lost that. We were comfortable second half and had chances of our own. Rovers moved us around early in the game and didn't take their chances but we upped it second half and were much improved.

I don't like to pick on refs but felt Doyle gave Rovers every 50/50 or just frees where there weren't any.

Yeah ref was disgraceful. Cleary shoild have been sent off in the first half but ref bottled it.
In fairness though, Rovers were the better side. The manner which Galway conceded both was particularly galling as we’ve been defensively strong all season.
Did Pohl’s even have to make a decent save all night?