thecaptain wrote:Ezeikial wrote:mike wrote:Agree with all of above, but always need to note, less than half of any euro earnings will be left after bonus payments, travel, hotels, rent and a host of other expenses.
This is a consistent but incorrect narrative that suggests costs of euro 3m to 3.5 m. Probably fueled by the 2016 profit figures filed with CRO - the 2017 figures are not yet published and shouldl also show receivables from 2016 that add significantly to the bottom line.
In any case it becomes irrelevant at this point with new owners who will decide on their level of spend
If it's incorrect then what's in the bank if you have the answers/ figures?
It was outright said in interviews by MC and others that the take home after the EL campaign was around 3-3.5m after costs/ expenditure/ getting the lease and the YDC back and I'd take him at his word. Martin is as honest as the day is long and if you're saying otherwise where's your figures to back it up? With regards to the books being filed: Earnings before interest, taxes, depreciation and amortization and as a fella who was insitu and are in the business world, you of course know that ;). What we have in the bank/ balance sheet already made us an attractive proposition to the consortium but on the flip side it would have jacked the price up that they paid the lads, whatever that was.
Dundalk Town FC Ltd posted a profit for the financial year to Nov 2016 of 3.3m euro based on annual Company Office returns.The accounts also noted receivables of 3.5m euro. Receivables are sums due, but not yet paid - the 2017 accounts should reflect the bigger picture when eventually filed with CRO
These numbers become somewhat irrelevant now, except to illustrate that the club is not necessarily in a better financial position now than previously
.post meeting Journalists questions on the scale of investment were not answered according to rrports