How 'the richest GAA club in Ireland' was left fighting for its future | Indo Sport

[@hotbeefymcd8162]

I mean, you have to name the individuals who ran the club between 2008 and 2013...

[@keithp6699]

100% who was the treasurer? Who were the proposer and seconders of these accounts from one year to the next at all the AGMs

[@Bohernabreena]

Great chat lads, enjoying the videos

[@daveeustace7988]

we played them in a junior 10 champo hurling final,2009/10 and beat them by about 6 points, they had some lovely young players a d we were mostly in our 30/40s, the following year we played them in a semi final a d were beaten by about 20 points, all of a sudden they had 6 Laois senior hurlers playing junior 8!! They didn't join Parnells because Coolock was a lovely place!!

[@mossy199]

I dont think Asprilla went to Newcastle for the weather!

[@mossy199]

Very interesting. Sounds like an utter sham.

[@Conorguill]

The 2010 figures are astronomical but even more so given the context of the time. Ireland was in the midst of a deep recession. Money was tight everywhere!

[@NiallMacSuibhne-zc2mx]

A limited company, limited by guarantee (CLG) is a normal legal structure for sports bodies, though most GAA clubs tend to be unincorporated, effectively trusts. Parnell 's has been mismanaged for more than twenty years. Indeed they failed to keep their CRO returns up to date and the company was struck off. The club had to make application to the High Court to be reinstated. The failure of county boards to carry out one of their functions to police their affiliates is a major part of the problem. Boards are not requesting and reviewing annual reports and accounts, which would ensure that any difficulties were spotted early. Sports bodies are not charities, but are exempt from certain taxes under Section 235, Taxes Consolidation Act 1997. While there is a Charities regulator, there is no sports regulator. The Revenue has also failed to correctly police the sports area for probably twenty years. It should be remembered that the GAA clubs in Dublin are effectively the city's largest chain of bars.

[@Micker375]

Parnells where paying players from other counties and their manager(s) thousands in cash - no wonder they went bust!

[@EoinEverard]

Conor Mortimor was rumoured to be getting 55K a year to do that job woth Parnells

[@keithp6699]

They must've thought that the money was never going to run out. Eejits

[@andun56]

The good old Marists have done alright out of it all. Got half the money Parnell got originally and now get the whole lot back again.

[@johnnorth1961]

Follow the money😮Lots of sticky fingers in the pie...Allegedly

[@DublinDapper]

Zero accountability in Ireland

[@Stevosunnydays]

Bar staff are a cost too lads , its buge unless they have it leased out .

[@cathalmcginn7160]

Hubris, Groupthink, and greasy fingers, are an awful thing, its an extreme case but every club has its "fantasists" whom the bread and butter hard working committee member has to try hard to curtail

[@Stevosunnydays]

Cork county board are i trouble with suoervalu new stadium, huge debt 25 million , not sure

[@tightmarker9924]

Club's are Club's, not a business. How many other Club's are in trouble aswell?

[@DublinDapper]

When the government are giving them millions and millions year in year out...they are businesses

[@foaly5]

Sounds like a mixture of greed and naiveté was allowed run rampant at the club. A sort of celtic tiger fuelled madness.

[@TheGkev]

Is this hanging over other clubs.

[@Conorguill]

€9m leasehold with €2m professional fees?! What is going on there?!

[@NiallMacSuibhne-zc2mx]

No stamp duty would be due, once the club held a Section 235 exemption.

[@Conorguill]

@@NiallMacSuibhne-zc2mx My question was about the high level of professional fees

[@tomgreene1843]

This sounds a sad tale ....seems to have been serious spending problem.

[@craigsinnott296]

🤢🤮 Corruption

[@keithp6699]

What did Cooney do to help them? Did he do anything? How could people at the AGMs not see that the accounts were showing a really bad picture from one year to the next? Who was the treasurer? I'd love to hear from them. They must be some gombeens. I have nothing to do with this club but it's such a sad story for the ordinary club people involved.

[@NMA-il6lu]

It is the responsibility of the County Board to supervise affiliated clubs, not the President of the national organisation. County Boards turn a blind eye to the activities of many clubs, well aware of their financial misbehaviour. The structure of Parnell's also ensured that the assets were not vested in the Iontabhas Cumann Luthchleas Teo, further ensuring that no external supervision occurred. The same position pertains with their close neighbours St. Vincent's. They of course did their very best to cover up the activities of a certain Mr Humphries. en.wikipedia.org/wiki/Tom_Humphries

[@Stevosunnydays]

Nemo rangers cork city center have world class facilities, sold old ground and moved out a few miles. Im sure the wide biys there have their act together . Won 5 or 6 club senior all irelands

[@adrianmcdonagh7924]

Eyes were bigger than their stomach

[@dubdelboy]

Someone was on the take big time

[@David-mr3gw]

ya reckon?! 😂😂 id say the whole lot of them were on the gravy train

[@John_Wood_]

@@David-mr3gw i'd say there were some great sessions in that place over the years - free bar i'm sure.

[@John_Wood_]

Greed, greed, greed.