QuoteOf course it works both ways - fans can be be owners, and owners can be fans.Originally Posted by Dalymountrower
There is no guarantee of the right decisions either way
I'm getting the figures from the filed accounts. I can't post them here so go to cro.ie and do a search on company number 245954.
A word of caution regarding newspaper articles and the likes: in a lot of cases the journalists basically haven't a clue how to read a set of accounts, do comparatives, draw reasonable conclusions and write an informed article.
Looking over the recent filed accounts the only figure that is in the ballpark of €600k is the current assets figure at November 2012 - €665,739. The largest figure in this category is debtors at €511,847. There is no breakdown given of the €511,847 but I would be of the opinion that it is substantially Europa League money.
I have no information on the Kenny situation.
The figure of €508,685 for accumulated losses at November 2014 is per the balance sheet.
The bank and debtors figures are as follows:
Nov 2010 €13,753 €447,028
Nov 2011 €769,584 €369,640
Nov 2012 €153,381 €511,847
Nov 2013 €85,962 €311,562
Nov 2014 €32,038 €120,334
So yes, the Europa League money is gone.
As I posted earlier, the 2015 accounts are not due to be filed yet so I have no figures. You can draw your own conclusions from the 'investment' that other posters have referred to.
In relation to your point on the 2 teams in 2014, whilst there would have been a cost running a second team you also have to factor in the receipts from the FAI/Liverpool match. I don't have the figures for it and I don't want to reopen the discussion other than to bring it to your attention.
Last edited by ThePrisoner; 22/03/2016 at 8:47 AM.
Of course it works both ways - fans can be be owners, and owners can be fans.
There is no guarantee of the right decisions either way
12 months from November 2011 to 2012 fairly decimated cash reserves. No matter how its presented there has been unsustainable year on year losses that were covered over by by a good European run, that prize money has run out so this is a bailout really. Not that that is unusual in LoI. The lender requiring 3 seats on the board and equal equity with the membership would indicate that he wants to steady the ship in some way and protect his loan money from squandering. He can essentially veto the membership now with his 50% as will the entire other 50% always agree with each other? If he is prudent and Rovers have a mediocre season by Rovers fans' standards Fenlon may end up really cutting his cloth.
Thanks for replying in such detail!
pretty disappointed we managed to more or less waste all that money.
Hopefully not all of it went on wages, paying off managers, etc and some of it went on things like roadstone development and the new stand fund.
No One Likes Us, We Don't Care
While that's true, there's more liklihood in a large group that the moderate/sensible voices will temper the crazies. If you've got one owner, and he turns out to be a nutjob (Tom Coughlan), the club is ****ed. If you've 200 owners and a few of them are nutjobs, the club will likely survive.
It`s certainly a positive that there is to be investment in the training infrastructure for young players. The existing schoolboy clubs aided and abetted by their allies in the FAI will oppose any move to interfere in their racket of exporting young talented players (too early) to England.Good luck to Rovers in breaking up that monopoly.
The Sun are reporting the West Ham consortium have talked to Pats too. Starting to think somebody's on a wind-up with that one.
Some would argue that exactly the opposite is the case. Especially if the debate hinges on spending more in pursuit of glory.
I can't speak for other clubs, and I certainly can't say what will happen 10, 20 years from now, but at our club we've been burnt before and the majority of the membership is cautious at this point.
There's probably a bit of truth in this story, be it Pats or Shams.
You can rest assured that the only interest of the UK clubs is the their own.
Just shows that idiot journalists like Neil O'Riordan will believe any old nonsense and write about it, without any direct quotes from people involved with West Ham, Sullivan or Shamrock Rovers. Then when Rovers say there's absolutely no truth in it, or contact from either west ham or sullivan, he repeats the story, again with no direct quotes from the people involved. Sickening that a WUM like him is getting away with conning a wage writing about football in this country.
Do you not realise that this is how most football stories work, not just in Ireland but all over. Stories get leaked all the time to journalists on the basis of no direct quotes. It doesn't mean there's no truth to the story. I happen to think O'Riordan and all the journalists covering the league here do a pretty good job.
There was never any truth to the story, and thankfully the rovers membership knew this. Its Pats turn now apparently, after rovers, who never spoke to anybody turned them down.
The actual facts are : agents on behalf of a two Premiership clubs made an approach to the Rovers board but didn't disclose the names of their clients - the Rovers board declined to engage with them. So there is some basis to this story albeit no confirmation as to whether WHU were one of the clubs
The old adage that somewhere in the middle lies the truth!
I'd guess it's probably an Irish-based agent with links to clubs in England flying some kites. O'Riordan's a good journalist but papers don't refuse ink, etc.
http://www.shamrockrovers.ie/news/la...eo-appointmentShamrock Rovers F.C. is pleased to announce the appointment of Brendan Murray as Chief Executive Officer.
Where does that leave Jonathan Roche's man Noel Byrne?
What does the CEO position have to do with Noel Byrne?????????
That is the question I am asking....
Will the new Chief Executive Officer appointment have any impact on the current General Manager.
Will Noel Byrne be staying on as full time General Manager & Club Secretary?
If he is, will some of his job functions now be assumed by the new CEO?
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