From top: Marian Finucane, John Delaney; From left: Demot Ahern, Conor Brophy, Brigid Laffan, Elaine Loughlin, Eddie Molloy; Marian Finucane

Yesterday.

On RTÉ Radio One’s Marian Finucane show.

Ms Finucane and the show’s newspaper panel discussed the recent matters concerning the Football Association of Ireland that have unfolded since Mark Tighe, in The Sunday Times, reported two weeks ago that the ex-CEO of the FAI John Delaney gave the FAI a €100,000 loan in 2017.

The item on the FAI where Ms Finucane, as she had on the previous week’s show, defended Mr Delaney’s tenure at the FAI (see below) was wrapped up before the show took a break.

Then, after commercials, Ms Finucane told her listeners:

“Now, before we move on, I think I should declare an interest because about ten years ago, when we were qualifying for the World Cup, a charity I’m involved in was nominated as the FAI charity for that trip because our charity works in South Africa.”

“But, unfortunately, Thierry Henry did the dickens on us and it never happened.”

Ms Finucane was referring to French player Thierry Henry’s handball during the Ireland V France World Cup qualifying game in November 2009.

Ms Finucane didn’t name the charity but it’s understood she was referring to the charity she and her husband founded Friends In Ireland which aims to help orphaned children affected by HIV and AIDS in South Africa.

However, despite Ireland not playing in the World Cup in South Africa in June 2010, the FAI still announced Friends in Ireland as its “official charity” six days after the World Cup kicked off.

In the same announcement, the FAI said Republic of Ireland international Sean St Ledger had become the charity’s ambassador at the time.

In a press release date June 17, 2010, the FAI said.

“As the official charity of the FAI, Friends in Ireland will have bucket collections outside the Aviva stadium on match day and will also avail of a number of other promotional and fundraising activities inside Aviva stadium and at Airtricity League games.”

In the same press release, Ms Finucane was quoted as saying:

“We are honoured and delighted with this partnership with the FAI. We are hoping that all footballers, young and old, and their supporters, will help us to help these wonderful children who find themselves in such tragic circumstances.

“The FAI staff, Sean St. Ledger, Giovanni Trapattoni and John Delaney have been inordinately helpful to Friends in Ireland in developing this partnership.

“While we didn’t get to play football there, the footballing world can nonetheless play a hugely important role in South Africa!“

On Ms Finucane’s newspaper panel yesterday were Director of the Global Governance Programme of the European University Institute Brigid Laffan; former Minister for Foreign Affairs, Dermot Ahern; political correspondent at The Irish Examiner, Elaine Loughlin; management consultant, Eddie Molloy; and former RTE journalist and now director of strategic communications at Teneo Dublin, Conor Brophy.

As mentioned above, their discussion followed the extensive media coverage about the FAI over the past two weeks since Mr Tighe’s story on the €100,000 loan.

This was a matter Mr Delaney tried to prevent from being reported upon, by going to the High Court seeking an injunction, but failed with Judge Anthony Barr saying: “…the finances of the FAI and any payment and repayment to its chief executive are matters of significant public interest.”

Since Mr Tighe’s story about the loan, Mr Delaney stepped down as CEO, after 14 years, to become executive vice-president of the FAI, while The Sunday Times, last week, reported that the FAI, for several years, paid €3,000 a month in rent for Mr Delaney who, at the time, was earning €360,000.

Yesterday, Mr Tighe wrote an in-depth analysis piece on the FAI’s finances and debt.

Ms Finucane opened the segment by asking Mr Molloy for this thoughts on the recent coverage, telling Mr Molloy “there’s nothing wrong, is there, with lending a company €100,000”.

Mr Molloy said the fact that the transaction by Mr Delaney – who is also on the executive committee of UEFA – wasn’t mentioned in the association’s financial reports “raises questions” and added the fact the CEO was even lending money to the FAI was “bizarre”.

He added:

“I looked at the website yesterday and it’s up to date. But what it says is: John Delaney took up the role of executive vice-president, following his tenure as chief executive. That is done on a Saturday night, the day before it was published in The Sunday Times.

“Now if you read that very carefully, he took up the role of executive vice-president, there wasn’t a role of executive vice-president but he took up the role. Secondly, there already is a vice president.

“Now his role is executive vice president which gives you real decision-making powers. It’s not an honorary vice-president thing, following his tenure as chief executive.

“So this sounds like part of a seamless, planned, state-of-the-art transition from one role to another and it’s all wrong, ok, that’s what I would say.”

Mr Molloy added that half the board members have been on the FAI board for 14 years or more and said he felt “uneasy” that board and committee members were being referred to as “part of the football family”.

Sounding perplexed, Ms Finucane asked why that made him felt uneasy.

Mr Molloy asked her to imagine if all the members of RTÉ’s board were referred to as “family”.

“It’s too tight,” he said, before saying independence is very important when it comes to boards and their members.

Sounding even more perplexed, Ms Finucane said: “But how do you know that this board doesn’t do that? We don’t know that.”

Ms Finucane later said: “I’m surprised that you all resent this word ‘family’.”

Mr Molloy asked Ms Finucane to consider what the board has sanctioned or “stood over” – namely the €100,000 loan and Mr Delaney’s transition from CEO to a €110,000 role that didn’t exist previously.

Ms Finucane replied: “Well, what does it tell you? Except that they’re responding and reacting to a matter that became one of great public interest, concern, etc. I mean they had to do something did they not?”

She continued: “I mean if you take his role with UEFA, I presume it’s very good… that it’s very good to have one of your people on UEFA. But you can’t get that role within UEFA if you don’t have a serious role with your own organisation at home, say, in this instance, the FAI. That’s my understanding of it.”

Mr Molloy said Mr Delaney was voted to his position on the executive committee of UEFA in 2017.

He then added: “What has that got to do with what was played out over the last fortnight? It’s got nothing to do with it.”

Ms Finucane went on to quote an interview given by football pundit and journalist Eamon Dunphy who said that Mr Delaney had done, in her words, “wonderful things” at club level across the country and that he’s “very respected and liked for that”.

She also said of Mr Delaney’s injunction attempt: “Everybody is leaping on the thing about going to the court, every one of us has the right to go to a court at any stage that we want to, on any grounds.”

Former Minister for Foreign Affairs Dermot Ahern, who said he got into politics because of his involvement in soccer in his early 20s, recalled his dealings with the FAI when he was the Minister for Communications.

At the time, the FAI wanted to sell Ireland’s matches’  exclusive rights to Sky.

Mr Ahern said he had a “huge battle” with the FAI who argued, unsuccessfully, that by doing the deal with Sky, it would create millions for the FAI and that this would, ultimately, trickle down to and help Ireland produce better players.

The former minister said he successfully argued, at the time, that only 250,000 households had Sky subscriptions and young people across Ireland wouldn’t get to see, let alone be inspired, by the matches.

Mr Ahern went on to say he shared Mr Molloy’s concerns about governance at the FAI.

Towards the end of the segment, Ms Finucane had the following exchange with journalist Elaine Loughlin when Ms Loughlin attempted to speak about Mr Tighe’s analysis piece on FAI’s debt.

Loughlin: “The Sunday Times has really been to the fore on this in uncovering what is going on in the FAI. And Mark Tighe has a great piece of analysis today and I think it shows a tale of two FAIs. You’ve one FAI where you have millions of debt – a lot of it going back to the redevelopment of the Aviva Stadium and there’s still massive issues of millions, of millions of debt that the FAI is still trying to pay back. And then – ”

Finucane: “Well, I mean, you’ve got to be fair here. It coincided with the crash.”

Loughlin: “It did, but – ”

Finucane: “And there were to be tickets sold that, to look at them, they look like eye-watering prices. But, at that time, people were spending that kind of money. And they had hoped to pay their debt and then the world fell apart. You know, I mean.”

Loughlin: “Yes, but Marian, the world – ”

Finucane: “You can’t blame them for Lehman’s.”

Loughlin: “The world fell apart but, as we’ve seen, in multiple articles now, John Delaney still continued to use the FAI credit card to buy rounds of drinks for supporters, no wonder he’s so popular, as Dermot outlined earlier on.

“He was still getting his rent paid, he was still on a massive salary.”

“….it did seem like there was a facade that everything was rosy in the garden of the FAI while they still had these massive debts. So they were acting as if everything was ok.”

The Oireachtas Joint Committee on Transport, Tourism and Sport will question members of Sport Ireland about funding it has granted to the FAI “and related matters” on Wednesday, at 2.30pm.

Mr Delaney and other senior members of the FAI will go before the same committee on April 10.

FAI announce Friends in Ireland as Official Charity (FAI, June 17, 2010)

Listen back in full here

Ardent Russia/Trump collusion proponent Rachel Maddow, of MSNBC

Heroic Ode for The American Resistance

(for CNN, MSNBC, The New York Times & all those
who hoped the Mueller report would be the thing)

Rather than fight the man-child from Orange
on the metres deep concrete of his actual crimes,
you did battle with your size twelve dress shoes
gallantly planted in quicksand – just now grown suddenly
ravenous – or failing that in the largest serving
of Jell-O and ice cream since Christopher Columbus
showed up to tell America he’d discovered it.

Given the chance you’d have stood pluckily before the jury
and – neglecting to mention the shortcomings
in his approach to childcare – accused
Josef Fritzel of bad carpentry; courageously focused
on Elizabeth the First’s bald patch and not her public
disembowelling of her critics; fearlessly
taken issue with Peter Sutcliffe’s driving
and not what he did to those women
with his menu of hammers and screwdrivers;
dared take to a radio talk show to criticise the late Adolf Hitler
for his side parting and inability to gather a crowd,
and told the plebs it’s time Franz von Papen rode to their rescue.

You who heroically blew the bags of Dollars mom and dad invested
putting big ideas into your little skull by trying to convict this wolf
temporarily taken human form of eating the one sheep he didn’t.

Kevin Higgins

Previously: I’m Gonna Set It Straight, This Watergate

But…But…

‘Closing In’

Meanwhile…

Escalating.

Facebook CEO Mark Zuckerberg

Facebook CEO and founder Mark Zuckerberg will meet three Irish members of an international committee targetting the spread of online misinformation in Dublin.

TDs Hildegarde Naughton, James Lawless, and Eamon Ryan of the International Grand Committee on Disinformation and Fake News will meet with the social media site’s founder tomorrow.

The Irish politicians will raise a number of concerns, including; the regulation of social media, transparency in political advertising and the safety of young people and vulnerable adults.

Mark Zuckerberg to meet with ‘fake news’ committee in Dublin (Breakingnews.ie)

Pic: Techmeme

Meanwhile…

German educational design studio Kurzgesagt ponders the following extremely important scientific problems:

What happens if we make a huge pile from all 15,000 nuclear bombs and pull the trigger? And what happens if we make an even bigger pile?

Previously: Self Aware?

From top: Master of the High Court Ed Honohan (left) in Brussels with and Luke ‘Ming’ Flanagan MEP; Bryan Wall

The 2016/17 amendment to section 110, the SPV (Special Purpose Vehicle) instrument that serves vulture funds so well, appears to have been written by the same people who would be the leading beneficiaries of the amendment.

Master of the High Court Edmund Honohan, when trying to woo Ming the Merciless (Luke Flanagan MEP) and some guests in Brussels recently, in the hope of getting the EU Commission to investigate anomalies in Ireland’s tax laws on a state aid angle, admitted that the whole thing is a complex mess and spent an hour trying to explain the mess.

I spent two hours trying to understand the mess he was explaining.

One of the problems with trying to understand the mess is that the language used by our representatives seems to be deliberately designed to fog everything, and succeeds admirably.

The mess is either a deliberately designed mess, even a sophisticated mess, or it is an unintentional mess. It is either genius or incompetence. Not even Honohan can be certain.

Honohan contrasts the language of Ireland’s legalese with EU legalese. EU legalese is designed to be simple, working towards clarity, this is its main concern; while Irish legalese seems designed to achieve the exact opposite.

This might well be a strategy to wear everyone down so that they won’t even bother trying to unravel the language knots and won’t discover things like the amendment of section 110 being written by those it favoured, who appear to have created a kind of club where you need €10million to join, and if you join you can be re-classified as a charity, making you tax free on property transactions.

Or the wording of a related amendment to the same instrument that allows the person making tax returns to define what is understood by “normal accounting practises”. Which seems to mean, you tell us what you think you owe us by your criteria and we’ll accept that.

The taoiseach says the amendment to section 110 was a way to get the economy moving via the property market. David McWilliams says that the same end could have been achieved via the credit unions. That there was no need to invite in vulture funds.

The section 110 instrument was once a relatively standardised securitisation instrument, designed to manage taxation in response to 24-hour banking made possible by the internet. It was nothing sinister.

But it went from being an innocent finance tool, to being a kind of rogue SPV as a result of the 2016 amendment. Honohan described the amended SPV as a kind of genetically modified SPV.

Prior to its metamorphosis, the section 110 SPV dealt only with abstract calculations in cyberspace. Now it was suddenly let loose in the real world, making drastic changes in physical reality, resulting in people being dumped from their homes and into hotels, enriching hoteliers, with the hotel bills being underwritten by the tax-payer, among whom no investment corporations exist; while the properties were re-rented or re-sold at enormous profit to investment corporations.

“We remind all States,” said a recent UN report, “that while gold is a commodity, housing is not, it’s a human right.”

The taoiseach – the same man who declared to the Dáil that there is no such thing as a free house and who was recently corrected by the UN who declared that housing is a right – described the new window created in the 110 SPV as a “loophole” and promised to close it next Autumn. It has to wait for the Finance Act time of year to be closed.

It seems a major leakage of public money into the stratosphere is not enough to declare an emergency gathering to close the window. This in the same week that another Fine Gael minister talked about imposing fines for wasting water.

In the meantime, the loophole will continue to be exploited by the investment corporations/vulture funds, and whoever else happens to be in €+10m club, until the government gets it together to close the window..

They have lots to do in the meantime while lost revenue gurgles down the drain. They can be overseeing the Brexit mess with superior attitude; they can think about calling an election; they can take a summer recess; maybe attend a few summer schools; maybe some summer sporting events; maybe a high-profile pop concert for maximum feel-good PR exposure; take their hols…

The window in the 110 SPV isn’t actually a loophole. It was designed. The taoiseach said so, in the same statement in which he described it as a loophole.

It’s a kind of Schrodinger’s Cat of Irish tax law. It’s a loophole, but it isn’t. It’s a tax-break, but it isn’t. You’re a charity, but you’re not. It’s whatever you want. Here, you have €10million, write the legislation yourself! We’re all winners in this fine mess we’ve gotten us into!

The “loophole” was carefully designed to attract foreign investors to make a killing in the Irish property market in order to get the banks and the economy jump-started. It worked, by the simple expedient of allowing the banks to sell off bad mortgages to tax-free vulture funds who kicked out tenants in arrears and Presto! A new property bubble on the rise and Ireland is back in business.

Sure, there was some collateral damage. Like the 10,000 homeless, the hungry private renters, the underpaid, exploited and the new Irish emigrants away into exile with stars in their eyes because they can’t afford to rent a room here.

But hey! you can’t make an omelette without breaking a few eggs and it is clear from the stats that everything is working towards back-to-normal now.

And according to all the privatised carefully rigged surveys, with carefully framed questions to elicit only positive responses, less than 5% of the public (all thought to be cranks) admit to being unhappy with the government’s performance, and will be farmed out to some private entity shortly for psychological fixing for a mere few millions more of tax-payer’s money.

Eamonn Kelly is a freelance journalist, His column appears here monthly.

Pic: YouTube

 

Billboard for Allianz insurance

Luvin Lunch writes:

Ireland is the only country on the planet where children are banned from running in the yard for insurance reasons. My brothers were tormented with the policy in their school. Allianz doesn’t mention that in their ad campaign…

Anyone?/FIGHT!/RUN!

Broadsheet.ie