Shamrock Rovers takeover bid.

**nigel-harps1954** · 19/03/2016, 1:58 PM

Seen this posted elsewhere, and while I'd never really trust anything posted in the Sun, this is quite an interesting story.

Things like this never really end well for Irish clubs.

http://www.thesun.ie/irishsol/homepa...ck-Rovers.html

**FallenSaint** · 19/03/2016, 2:26 PM

I heard they unanimously accepted the proposal by the guy who's a member today.

**Dalymountrower** · 19/03/2016, 2:34 PM

Originally Posted by FallenSaint

I heard they unanimously accepted the proposal by the guy who's a member today.

Is that the Australian connection.? Former major shareholder in scheister usury/vulture fund "Pepper".? Is that why the celebratory distress flare was fired in the stand last night.
Also heard that the Clondalkin branch of Wells Fargo was also interested, but that ended up in pieces..

**disgruntled** · 20/03/2016, 11:07 AM

Time to sell your soul

Bet the little man will be happy.
Good luck guys.

**fionnsci** · 20/03/2016, 2:21 PM

I don't see what could really go too wrong. It's only a 50% share so they won't be able to run the club into the ground. They don't own their ground so they can't be ruined in that regard. They get their investment and West Ham get their benefit too. Win/win?

**Nesta99** · 20/03/2016, 3:18 PM

Yes it worked out superbly for Home Farm/Everton. We often bemoan that lack of major businessmen willing to take a punt on a League of Ireland club and see how it goes (not chancers asset stripping or on a land grab) but when it looks like it might be happening quite a few of us are a bit 'Oooooh dunno about that, never works out well!' including myself too tbh but maybe its because its Rovers.

**placid casual** · 20/03/2016, 4:09 PM

correctamundo Nesta.
its more hope than expectation!

**Pablo Escobar** · 20/03/2016, 6:33 PM

It sounds like Arkaga's plan when they took us over......how could this possibly go wrong!?

Seriously though, investments are generally made with a view to making a return. You can't do that with those figures in this league without breaking into the serious stages in Europe. We all know the difficulties and risks attached to that. A prudent investor would surely cast major doubt on such "investment".

**Dodge** · 20/03/2016, 6:58 PM

Originally Posted by Nesta99

Yes it worked out superbly for Home Farm/Everton. We often bemoan that lack of major businessmen willing to take a punt on a League of Ireland club and see how it goes (not chancers asset stripping or on a land grab) but when it looks like it might be happening quite a few of us are a bit 'Oooooh dunno about that, never works out well!' including myself too tbh but maybe its because its Rovers.

Rovers have just given away half their club for a loan of €1.5m. So if there's to be any investment, what will they be expected to give up?

**Nesta99** · 20/03/2016, 7:51 PM

Panic after losing to Pats? Nutsy always could get money out of club boards, Bohs selling Dalymount funded him that time but now he has the club selling half of itself, he is some boyo....

**Charlie Darwin** · 20/03/2016, 11:02 PM

Originally Posted by Dalymountrower

Is that the Australian connection.? Former major shareholder in scheister usury/vulture fund "Pepper".? Is that why the celebratory distress flare was fired in the stand last night.
Also heard that the Clondalkin branch of Wells Fargo was also interested, but that ended up in pieces..

Ray Wilson. He's Irish but works for Pepper in Australia.

Not sure where the West Ham stuff is coming from. If they want to invest in the club there won't be much equity left for the members to sell.

**Dalymountrower** · 21/03/2016, 7:54 AM

Originally Posted by Nesta99

Panic after losing to Pats? Nutsy always could get money out of club boards, Bohs selling Dalymount funded him that time but now he has the club selling half of itself, he is some boyo....

PF took the job after that "deal"for Dalymount.
With money sloshing around Rovers (again) I wonder whether SDCC will start charging a commercial rate for their stadium.?

**WeAreRovers** · 21/03/2016, 8:55 AM

Originally Posted by Dodge

Rovers have just given away half their club for a loan of €1.5m. So if there's to be any investment, what will they be expected to give up?

Not actually correct. Loath as I am to give non-Rovers fans the time of day on here, misinformation can be damaging and this is incorrect. Suffice to say the membership who actually have the details are very happy.

And as ever as an FYI Charlie Darwin knows less about Rovers than the Dalymount Cat and is not to be taken as representative of Rovers fans.

And everything else is just gossip and guesswork.

**mrtndvn** · 21/03/2016, 11:06 AM

Originally Posted by WeAreRovers

Not actually correct. Loath as I am to give non-Rovers fans the time of day on here, misinformation can be damaging and this is incorrect. Suffice to say the membership who actually have the details are very happy.

And as ever as an FYI Charlie Darwin knows less about Rovers than the Dalymount Cat and is not to be taken as representative of Rovers fans.

And everything else is just gossip and guesswork.

Which part of this isn't true?

Rovers will receive a loan of 1.5 million euros from the Wilson family trust and Seamus Draws.

The Wilson trust's holding in Rovers increases to 50%.

If in the event the loan is repaid in 10 years, his stake dilutes to 25%. If the loan isn't repaid, he will sit down and negotiate.

He will become a member of the board, and will also appoint three other members, Stephen Gleeson and Micky O’Rourke being two.

**Dodge** · 21/03/2016, 11:35 AM

Originally Posted by WeAreRovers

Suffice to say the membership who actually have the details are very happy.

Well yeah, they voted overwhelmingly for it.

**ThePrisoner** · 21/03/2016, 12:12 PM

It may well be the case that this is a rescue job rather than what it is painted to be.

Look at the filed accounts for recent years.

2013 a loss of €265,510
2014 a loss of €432,284
2015 accounts not filed yet. Profit or loss?

At November 2014 accumulated losses were €508,685. The share capital and share premium accounts are totally eroded by the losses at November, 2014.

What did November 2015 show? I'd wager another loss and increase in accumulated losses.

At some stage the losses have to be made good and/or dealt with.

So all the EUFA money and the profits earned from the Europa League are well and truly spent with not a lot to show for it.

**Dodge** · 21/03/2016, 1:51 PM

Well to be fair, Rovers fans were told of the losses, and that part of the new group's money was going on debts

**Dalymountrower** · 21/03/2016, 1:52 PM

I heard that the loan/gift was substantially more than 1.5 million.? It will need to be if the Prisoners figures quoted above are accurate and if their annual operating costs are over 1.5 mill as it is.

Shows up what a precarious model a fans owned club can be If Rovers can`t make a go of it.

**RathfarnhamHoop** · 21/03/2016, 3:36 PM

Just wondering where you are getting the rovers finances from? Seen consistent numbers on a few forums and stuff but can find them for free to see in full so any link would be greatly appreciated.
I thought I saw an article (The Herald I think) saying Rovers were 600k in black as of 2014 but I could be wrong.
2014 we had 2 teams so if your numbers are correct that probably has a lot to do with it.

[COLOR=#333333]where do the accumulated losses of €508,685 come from? No way at the start of 2013 we only had 100k in the bank or was 2012 that bad? I know Kenny cost a lot but surely we cant have spend the million or so Europa league money that quickly?[/COLOR]

2015 I think might be a year where we break even with only one team, a smaller squad so in theory less money on wages, and the European money.