Because if it was used against the stadium it would be normal/obligatory to match it against repayments on the stadium loan so it would hit the accounts at the time of the related loan tranches.
Slow down there a second. What are you trying to say here? How would how they use the money and all this other jibber jabber youāre going on with here actually āamortiseā the loan?
Huh?
They would use the money they got in to offset loan repayments going out. And therefore it would be in the accounts over the time equal to equivalent payments out that it was funding or part-funding.
[QUOTE=āRocko, post: 1153805, member: 1ā]Huh?
They would use the money they got in to offset loan repayments going out. And therefore it would be in the accounts over the time equal to equivalent payments out that it was funding or part-funding.[/QUOTE]
That wouldnāt mean that the āloanā they got from FIFA was āamortisedā
[QUOTE=āRocko, post: 1153805, member: 1ā]Huh?
They would use the money they got in to offset loan repayments going out. And therefore it would be in the accounts over the time equal to equivalent payments out that it was funding or part-funding.[/QUOTE]
Genuine question @Rocko why would you amortise a loan you arenāt paying back? The amount owed isnāt falling.
The way certain posters are trying to create angles to attack John Delaney is sickening. Heās a great man and his commitment to Irish football should not be questioned.
I really donāt like this line of questioning and mud slinging.
It would.
Itās the same thing really. You take in ā¬5m. You donāt recognise it as revenue until it become due. When it does you recognise it, but if itās used for capital or for funding you recognise it at the same time as the outgoings it is funding.
āRegardless of the good he claims to have done during his tenure, he has to recognise that Fifa(FAI) has an incredibly bad brand image,ā
āIf he was doing the right thing by football, which he says he cares and loves, then he should step aside and let somebody else come forward and improve the image of the world(Irish) game,ā
āThere is a permanent controversy at Fifa(FAI).ā
In fairness to him he stood up to Step Ladder.
[QUOTE=āRocko, post: 1153811, member: 1ā]It would.
Itās the same thing really. You take in ā¬5m. You donāt recognise it as revenue until it become due. When it does you recognise it, but if itās used for capital or for funding you recognise it at the same time as the outgoings it is funding.[/QUOTE]
Jaysus.
[QUOTE=āRocko, post: 1153784, member: 1ā]
Itās an extremely odd national and international reaction to the story.[/QUOTE]
Ah come on now, no itās not. Head of football association spends a week telling everybody who would listen how FIFA is corrupt and Blatter is a cunt and we need transparency and then it comes out that FIFA gave said football association ā¬5m in shady circumstances that nobody knew about and that there are question marks as to whether they accounted for it or not. And you find it strange that this is newsworthy given what has happened with FIFA in the last couple of weeks?
āfumbling in the greasy till, adding the haāpence to the penceā.
Not that itās newsworthy but the nature of the reaction.
Liveline is on now and itās gas. Some lad on complaining we should have accepted nothing other than a replay or becoming the 33rd team and he sold us out. Others on saying itās a disgrace, we should have just taken our medicine and we had no right to anything. And they donāt realise theyāre arguing opposite points, theyāre just all throwing the same words around.
If people continue with this character assassination of Delaney then itās going to have an impact on my e-friendship with them. I donāt like seeing good people being dragged through the mire, unfairly.
I donāt want to have anything to do with these people, so continue if you wish but know that it will come at a cost.
amortise is to decrease the value ?..how does a loan amortise if you make no repayments ?.
:rolleyes:
[QUOTE=āNembo Kid, post: 1153824, member: 2514ā]If people continue with this character assassination of Delaney then itās going to have an impact on my e-friendship with them. I donāt like seeing good people being dragged through the mire, unfairly.
I donāt want to have anything to do with these people, so continue if you wish but know that it will come at a cost.[/QUOTE]
Just like our John, you are a man of integrity and honour 
[QUOTE=āRocko, post: 1153811, member: 1ā]It would.
Itās the same thing really. You take in ā¬5m. You donāt recognise it as revenue until it become due. When it does you recognise it, but if itās used for capital or for funding you recognise it at the same time as the outgoings it is funding.[/QUOTE]
According to Newstalk, just there, it seems they took ā¬1 million in 2011 & ā¬4 million in 2013 as āincomeā.
Aside from the shadiness of hiding it in income, how can you classify it as income in 2011 when youāve no idea whether it needs to be paid back or not.
You seem to imply people are making a big deal out of it for no reason when clearly there is all sorts of questions to be answered.