Celtic Bookmakers goes bust


#81

busy weekend said Ivan at the start of the breakfast show on Newstalk this morning.
He was at the Irish Greyhound Derby at Shelbourne Park Friday night
At the Leinster Ospreys game in the RDS Saturday night
And at the Curragh for the Irish St.Ledger on Sunday

The life of an Irish bankrupt, wha?

I hope he kept his skype account open, because it’s looking like he’s so busy with all his socialising that its the only way he’ll be able to talk to the wife! And there she was probably thinking she’d see more of him when he ended his penury in Swansea!


#82

To be fair, I heard he was drinking alone at all those events.


#83

I think you mean “British” banrupt :slight_smile:


#84

AIB may take part of my salary for two years, says Yates

independent.ie/business/iris … 89736.html


#85

Well that’s nice for Ivan - but are you guys* sure* he’s one of the country’s most insightful commentators?

Perhaps there is Ivan - what should we do about it?

…said debt-defaulting-businessman and insightful commentator, Ivan Yates.
:smiley:


#86

What a complete toerag. Yes folks, it’s all about Ivan at the end of the day. The Indo really will employ any gombeen ludraman.


#87

He’s the totem for the common man, hardpressed business person, ms middle ireland don’t ya know.

What the fuck is that supposed to even mean?


#88

consider the source, INM, NT… 8-


#89

Have heard on the radio and seen on twitter that Ivan has been criticizingMajella O’Donnell (who has raised nearly €500k for the Irish Cancer Society) for doing her head shave on the Late Late.

Are you actually kidding me Ivan!! :sick:


#90

from his perspective - he borrowed money from a bank - lost all his assets. He claims he offered to settle for 80% (?) but AIB wanted 100% or nothing; he was the only person being pursued by AIB

From his perspective he entered into an agreement with a commercial bank that morphed into a tax payer entity. Would be be getting this opprobrium if he stiffed Danske Bank? No.

Yes his business was very badly run - but so was AIB; but most of those lads are still employed

That said he should STFU


#91

Has he given details of his offer to pay 80 cent on the Euro? Was it an upfront payment or predicated on some optimistic business assumptions? I remember the Quinns going around shouting about how they had come to Anlgo with a plan to pay back every penny only to have it rejected. It later turned out that the plan involved Anglo having to throw good money after bad by lending (from memory) a further €2bn to prop up their struggling businesses which were then expected to turn a profit and pay down the loans over seven years.


#92

No; no details AFAIK

80% sounds totally iffy - I’m just trying to rationalise what he’s claiming/thinking

It is odd that himself and the missus were the only 2 people AIB were trying to have declared bankrupt (Dail question repsonse AFAIK)


#93

that 80% claim of his got rubbished on a post either here or on AAM…its his 1 sided claim of negotiations. I’ll try and find it


#94

It’s easy for an individual to make all sorts of claims against an institution, who are restricted from replying in kind. You see the same bullshit with the debt-dodgers:

“I offered to start repaying the mortgage!”
“The bank manager said he’d take my home and leave me and my kids on the road”
“I only missed one repayment and they phoned me and swore at me and told me I’d be homeless”


#95

:smiley:

Careful now Barney, 'cause grumpy or another part of the support team will be demanding that you provide evidence to back up your claims… :angry:


#96

I’ve no issue with anyone going to the UK - does anyone really think that in the same position they would do the same? Would we like the MNC’s to develop some kind of mental instability that sees them abandon Ireland for all the places they actually do business in the EU?

I’ve no problem with anyone made bankrupt (which term aside is the same in the UK as here) and starting again.

That said, was listening to the fucker yesterday morning and he was interviewing some eloquent but mentally vacant barrister from new beginnings and they finished up with Ivan asking something like “what would you say to all of those who didn’t borrow and regard those in trouble as having taken a gamble?” Well we all live in a community and the forgiveness is the best for all of us apparently or some such shite. Guess who thought this was great?

You know, I’m fucking sick to death of all this forgiveness stuff.


#97

Blessed are the poor For they are the most vulnerable in society and shall be safeguarded

Blessed are the meek: For they will have all taken from them and won’t have a prayer
As the son of a carpenter it is only fitting that I re write some of the Beatitudes for the current climate,whilst keeping the same groupings. The originals are below mine

Blessed are they who moan: For they shall be comforted, on National Radio and television

Blessed are they that hunger and thirst after justice: for they shall have their fill and a lot of us have had our fill of it already

Blessed are the merciful: for they shall obtain mercy,and fair play for seeing their neighbour who bought foolishly have his debt paid by his neighbour

Blessed are the peacemakers: for they shall be called a soft touch

Blessed are the poor in spirit: for theirs is the kingdom of heaven. (Verse 3)
Blessed are the meek: for they shall possess the land. (Verse 4)
Blessed are they who mourn: for they shall be comforted. (Verse 5)
Blessed are they that hunger and thirst after justice: for they shall have their fill. (Verse 6)
Blessed are the merciful: for they shall obtain mercy. (Verse 7)
Blessed are the clean of heart: for they shall see God. (Verse 8)
Blessed are the peacemakers: for they shall be called the children of God. (Verse 9)
Blessed are they that suffer persecution for justice’ sake, for theirs is the kingdom of heaven. (Verse


#98

That was Ross Maguire. Yates said to him at the end of the piece about getting a lot of texts from people to the show saying they don’t want debt forgiveness, never gambled and don’t want to bail out those in debt. He said in fairness and for balance he’d put that point to Ross :laughing:

Ross came back with his ‘we’re all a community’ cum-by-ah 5hite blah de blah. (and in fairness to Ross, he’s fan of big and small communities…was’nt he doing his utmost to keep Brian,Mary-Pat, Blaize, Bruce, Blake,Byzanthium, Beelzebub et al in their community against all odds)
irishtimes.com/business/sect … -1.1460791

Thats balance irish-style


#99

Ivan Yates is a poor businessman and gambler though he is unlikely to admit it. He expects sympathy from the general public yet he sought to exploit that same public through the legalisation and introduction of Fixed Odds Betting Terminals (described by Pat Rabbitte as “the crack cocaine of gambling”), into his shops.

Personally, I was sorry to see his demise. His shops were always worth a visit for the discerning, disciplined gambler. He should never have become a Bookmaker.


#100

Ivan has an article in the Indo today

independent.ie/opinion/analy … 93849.html

We can’t solve our negative equity problems by creating a new wave of mortgage slaves