Official Takeover Thread

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Ezeikial
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Re: Official Takeover Thread

Postby Ezeikial » Fri Jan 19, 2018 8:59 pm

The thrust of what el-Pietro is saying is that a functioning supporters trust is needed to be prepared for the possibility of a distressed departure of the new owners at some point in the future.

Perhaps the tone is annoying but the core point is sound


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Re: Official Takeover Thread

Postby White Horse » Sat Jan 20, 2018 10:29 am

el-pietro wrote:Best of luck with this. I hope it works out for you and for the league as a whole but I have serious doubts given the history of the LOI. For the likes of GC and those who share that healthy skepticism, get organised now. You have a trust but its not effective, spend the time and effort now to put a safety net in place so that if everything collapses in 9 months or two years you have something to pick up the pieces. FORAS will offer help if you reach out, ask Shels for example, a club we have no great love for but who have had information sessions from FORAS.


I also think that this is good advice.

The investment coming into Dundalk is very different to previous examples in the LOI. I am very hopeful that the new owners know what they are doing. However, supporters need to organise, become an effective and unified voice, and create the safety net that el pietro talks about.

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Re: Official Takeover Thread

Postby bholg » Sat Jan 20, 2018 3:35 pm

Louth4sam wrote:
Ridleys regular wrote:
el-pietro wrote:If it comes to that I think you'll find fans of other clubs less willing to help you out this time around. Start fundraising now so that you are in a position to solve your own problems. If it turns out you don't need it, then there are always other projects the money can go towards such as underage structures or community schemes.

Can we start tomorrow?
your condescending view is an insult.


I think he was being genuine and trying to offer advice based on Corks own experiences



Seconded. The chap is coming on here with the intention of helping out, based on his own actual experience. Whether you think this whole thing is guaranteed to work out well, and it totally different to the Cork scenario (which I agree it probably is) z it is generally foolish not to listen to someone with experience in any area of life. It is even worse to attack him as if he was on the wind up.

Cheers el Pietro.

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Re: Official Takeover Thread

Postby micls » Sun Jan 21, 2018 11:45 am

Can I ask what you think makes it completely different from the Arkaga takeover of us? Apart from dundalk likely being a better investment than we were at the time.

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Re: Official Takeover Thread

Postby White Horse » Sun Jan 21, 2018 12:33 pm

micls wrote:Can I ask what you think makes it completely different from the Arkaga takeover of us? Apart from dundalk likely being a better investment than we were at the time.


If I recall correctly, Arkaga were a business consortium that engaged in all sorts of investments but not previously in sport. They were coming to football without having any experience of the industry. They were also up to the necks in leveraged investments in property during a time when the financial and property markets were in turmoil.

The investors in Dundalk appear to be in a different league altogether.

I can understand Cork fans being very wary of foreign investment in club football. However, if you look around Europe, investment of this type has been successful in many cases.

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Re: Official Takeover Thread

Postby oldfogey » Sun Jan 21, 2018 9:03 pm

micls wrote:Can I ask what you think makes it completely different from the Arkaga takeover of us? Apart from dundalk likely being a better investment than we were at the time.


Look at it in a different way. What's the difference between Cork City then and now? You now have a much better setup, manager, and squad. Even Arkaga couldn't get it wrong.

We're in the same place with - arguably - the best manager in the country. We also have proven we can get to the EL group stages where the real money is WITHOUT outside investment. Our owners didn't sell because they were short of money, they did so because they didn't have the time or expertise to take us to the next level. If EP thinks we need advice then fine, give it. But to keep ramming it down our throats in every post really smacks of condescension. You need to remember we were in a far worse place not so long ago. We know what it's like to nearly lose our club.

Having said all of this, I think I understand why everyone else is so negative about our future. The consequences (for the rest of the league) of us achieving this goal are scary.

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Re: Official Takeover Thread

Postby El Paso » Mon Jan 22, 2018 12:20 am

micls wrote:Can I ask what you think makes it completely different from the Arkaga takeover of us? Apart from dundalk likely being a better investment than we were at the time.


There's a very simple answer - the people involved.

Look at this article from a few years ago about Arkaga:
http://www.pressreader.com/ireland/sund ... 0943686325

They were chancers and spoofers, end of.

Peak6 aren't remotely in the same bracket.

That's not to say Peak6 are anything other than speculators attempting to make an easy buck off us - of course they are. But they're speculators who specialise in sports investments and have a track record of success. It's not a guarantee that things won't go tits up, but even if it doesn't work it's not going to be anything like the Arkaga clusterfúck was.

The other thing to remember is that the furthest we can fall is not very far. If we have to start from scratch in Division 1 so be it - this opportunity is worth the risk and we've done it before.

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Re: Official Takeover Thread

Postby carrickfan » Mon Jan 22, 2018 12:49 pm

If a doomsday scenario prevailed and it was a start from scratch position in the First division, would this mean that the history of the club and number of league titles etc went with the old club?

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Re: Official Takeover Thread

Postby mike » Mon Jan 22, 2018 12:59 pm

I doubt it would, Cork and Derry are two recent examples, new trading company / set up, short stint in the FD and back to normal after a few years. Cork still have 'founded in 1984' on some of their official stuff.

Across the water Rangers /Sevco seem to be hanging on to their 50 titles or so pre bust era.

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Re: Official Takeover Thread

Postby holidaysong » Mon Jan 22, 2018 5:11 pm

There is some arrangement to allow you to buy back the history from the FAI.

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Re: Official Takeover Thread

Postby Ezeikial » Mon Jan 22, 2018 6:14 pm

holidaysong wrote:There is some arrangement to allow you to buy back the history from the FAI.


Please tell us you are having a laugh
Ezeikial posts personal opinions and observations from this supporters perspective.

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Re: Official Takeover Thread

Postby micls » Mon Jan 22, 2018 8:19 pm

Thanks for the responses. Peak 6 do seem to have a lot more experience in the area. Hopefully that makes the difference.

In reference to the new club/old club question, it's a tough one to answer.

To me, we're the same club as was founded in 84. Yes, we went through dissolution but that also happened in 93. As a club, we continued throughout without a break, through the youths teams. Our senior team did have to use the other name for a year though. A club is far more than just a senior team to me though.

We bought back the rights to the clubs IP and so on, the FAI approved us continuing to use the history. I'm sure some consider it a different club, particularly rivals, but I see no reason to.

oldfogey wrote:Look at it in a different way. What's the difference between Cork City then and now? You now have a much better setup, manager, and squad. Even Arkaga couldn't get it wrong. .


I really hope this is a joke?!

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Re: Official Takeover Thread

Postby mike » Mon Jan 22, 2018 8:55 pm

I think I’d view the current Cork City club as the same one from what was founded in 1984. It would be fairly pendantic not to consider them anything else, and also not to recognise their league title total as 3 compared to the single one won last year.

They changed ownership, got relegated, took their medicine, moved on.

Ps always interested me why Drogs were not auto relegated that year after their meltdown. It didn’t take long for them to get there mind, but they weren’t forcibly removed.

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Re: Official Takeover Thread

Postby dell » Mon Jan 22, 2018 9:10 pm

holidaysong wrote:There is some arrangement to allow you to buy back the history from the FAI.


I know that was tongue in cheek but still funny!! If not a million miles off things. Just try and tell a Derry fan that their (modern) domestic treble belongs to a different club, or Cork winning their first title this season etc etc. Future worst case stuff we become Dundalk FC Mk II claim the Mk I history and if anyone questions things we say 'We bought it back'!! Worked for others, even the Cup Specialists....

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Re: Official Takeover Thread

Postby seand » Tue Jan 23, 2018 8:29 am

mike wrote:I think I’d view the current Cork City club as the same one from what was founded in 1984. It would be fairly pendantic not to consider them anything else, and also not to recognise their league title total as 3 compared to the single one won last year.

They changed ownership, got relegated, took their medicine, moved on.

Ps always interested me why Drogs were not auto relegated that year after their meltdown. It didn’t take long for them to get there mind, but they weren’t forcibly removed.


Drogs were docked points for going into examinership, as were Cork City and Rovers. In Rovers case it put them into a relegation playoff, which they lost. Drogs and Cork both had enough in hand to stay midtable. Cork went down on licencing (I think) after they effectively went bust again before the stsrt of the season after their examinership


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