Leagues Financial facts & Rumours thread

[Schumi]

Looks like its endgame for the Drogs after Players and Administrative Staff not paid today so Harps get to stay up is it.They're not the first to go a week without paying players are they? I thought once they were paid up to date by the end of November they could get a licence.

[Jersey Cow]

Very sorry to hear of Drogs news....a dreadful day again for Irish football....

[gufct]

They're not the first to go a week without paying players are they? I thought once they were paid up to date by the end of November they could get a licence.

They owe the players a hefty six figure sum in wages allegedly that has to be paid by 31st November.

[eelmonster]

They still have nine days to pay their players, plus Meath CC are due to make a statement on the planning application for the new stadium later today.

[soccerc]

They owe the players a hefty six figure sum in wages allegedly that has to be paid by 31st November.

That's the 12th of never so, the 31st of November? :D

[gufct]

That's the 12th of never so, the 31st of November? :D

Wide awake I am John. Might as well be the 12th of never.Whats going to happen with all the clubs do u think.

[Dodge]

They're not the first to go a week without paying players are they? I thought once they were paid up to date by the end of November they could get a licence.

They're the first to not pay them at the end of the season. Drogheda have little or no income now...

[adamd164]

http://www.setantasports.com/en/Sport/News/Football/2008/11/21/eLOI-Drogs-wont-be-paid-this-week/?facets/sport-space/football/ireland-locale/eircom-League-Premier-Division/

Drogs won't be paid this week by Niamh O'Mahony, 21 November 2008
In a further blow, it has been confirmed that Drogheda United's contracted players and staff will not be paid at all this week.
The club are currently in Examinership but, in contrast to rivals Cork City who went through the same process, have not attracted any public offers of help or investment at this stage.
Eight players remain under contract and they, along with the staff, received a text message on Thursday evening, which read: "To all players and staff. We are sorry to inform you that due to cash flow difficulties the club is unable to pay salaries this week."
Under current rules, the club will not be awarded a Premier Division Licence next season if all the players and staff are not paid monies due to them by the end of the month.
The squad were paid last week but only after threatening to go on strike for their final league game against St. Pat's if they were not; they subsequently lost 2-0.

[Mr A]

Everyone keeps saying that Drogheda could be demoted if they don't settle up with their players- but doesn't that rule apply to both divisions?

If my understanding of the rules is correct they may not be eligible for a license for either division. I really hope they can sort themselves out but it certainly isn't looking good and i seriously doubt the club will survive examinership.

[Mental Man]

If you think thats bad, word is just breaking down on Suir side that WUFC is officially about to go under, there has been a few resignations within the MC and no money is available to pay the players from what they were promised earlier.
Thats the reason why Gareth Cronin left, he heard what was coming down the line, there now is a very strong possibilty there may not be a club around for the start of the 2009 season, its be coming for a while but now it looks as if its finally happened, sad day indeed for LOI football in Waterford :( .

[brianw82]

If you think thats bad, word is just breaking down on Suir side that WUFC is officially about to go under, there has been a few resignations within the MC and no money is available to pay the players from what they were promised earlier.
Thats the reason why Gareth Cronin left, he heard what was coming down the line, there now is a very strong possibilty there may not be a club around for the start of the 2009 season, its be coming for a while but now it looks as if its finally happened, sad day indeed for LOI football in Waterford :( .

That's bad news. The league needs clubs in places like Waterford. Where is the support in times like these? Where are all the yahoos that were in Croker for the hurling?

[White Horse]

Everyone keeps saying that Drogheda could be demoted if they don't settle up with their players- but doesn't that rule apply to both divisions?

If my understanding of the rules is correct they may not be eligible for a license for either division. I really hope they can sort themselves out but it certainly isn't looking good and i seriously doubt the club will survive examinership.

Unfortunatley, the premier licence is the least of Drogheda's problems. The club is almost gone.

[passerrby]

your spot on Mr A if a club has not met its financial obligations then they cannot be put into the first div where all the clubs have met theres

[Longfordian]

I heard somewhere that the date for paying the players has gone back to 31st January. That's when the audited accounts have to be in and the auditor must certify that there is no money owing to players at that date. The accounts were initially supposed to be in for 30th November but that date was put back a couple of weeks ago.

[Mr A]

Wouldn't go that far passerrby!

[passerrby]

but if all the clubs in the first div have to meet the same critira as the prem div ie pay outstanding wages then how is it fair to sent a club down to the first div as if its a punishment league.
if its wrong in the premier then its wrong in the first div

[Dodge]

I heard somewhere that the date for paying the players has gone back to 31st January. That's when the audited accounts have to be in and the auditor must certify that there is no money owing to players at that date. The accounts were initially supposed to be in for 30th November but that date was put back a couple of weeks ago.

When was the Drivetime thing? Fran gavin was still talking about November 30th then

Disaster if Waterford go...

[pineapple stu]

Everyone keeps saying that Drogheda could be demoted if they don't settle up with their players- but doesn't that rule apply to both divisions?
Pedantic, I know, as I agree it's looking more likely Drogheda won't be around at all next year, but should that read "apply to all three divisions"? If a club doesn't get a licence, would they end up in the A League rather than the First?

Also, no idea how true this is, but I met one of the schoolboy scouts for UCD at the Kildare game, and he was saying that FAI rules state that once you're relegated, you're relegated, end of story. Upshot of this is that if Drogs go, Harps are still down and Shels would be up. Again, don't know if this is correct, and of course the rules may have been re-written in 2006. It's not something that's ever happened though (a Premier team going bust after the First Division and in a non-new-makey-uppey league season).

[harps1954]

I heard somewhere that the date for paying the players has gone back to 31st January. That's when the audited accounts have to be in and the auditor must certify that there is no money owing to players at that date. The accounts were initially supposed to be in for 30th November but that date was put back a couple of weeks ago.

No, the financial year ends on the 30th November for every club. However, they have until the 31st January to submit the audited accounts to the FAI/Licensing Committee. If the money is outstanding to players/other clubs on 30th November, it might still take until February for the FAI/Licensing Committee to make the decision public, as they may not receive the audited accounts from every club until near the end of January.

[micls]

The outstanding money does not have to be paid to players til 31st of January.

[harps1954]

Pedantic, I know, as I agree it's looking more likely Drogheda won't be around at all next year, but should that read "apply to all three divisions"? If a club doesn't get a licence, would they end up in the A League rather than the First?

Also, no idea how true this is, but I met one of the schoolboy scouts for UCD at the Kildare game, and he was saying that FAI rules state that once you're relegated, you're relegated, end of story. Upshot of this is that if Drogs go, Harps are still down and Shels would be up. Again, don't know if this is correct, and of course the rules may have been re-written in 2006. It's not something that's ever happened though (a Premier team going bust after the First Division and in a non-new-makey-uppey league season).

The only time I remember a Premier team going bust was when Dublin City folded midway through a season. No club was automatically relegated at the end of that season - however, the team that finished last (11th) then went into the play-off as the rule was 2nd in the first v 11th in the Premier.

I'm not so sure either that Harps will be awarded a Premier place if Drogheda went bust. I agree, they were relegated on the pitch. However, by the same token, Shels didn't win promotion. Hard to know what the FAI would do in the situation though.

[Dodge]

Nothing to do with our league but its happened a couple of times in Scotland where potential promoted teams haven't received their premierdivision license (equivalent) and the botom team have stayed up

[pineapple stu]

Thing is, the Dublin City situation is technically different as there was no promotion or relegation - all 21 teams were ranked, and the top 12 chosen. I know it's nonsense, but that's how the Premier was picked. (Dublin City would have been relegated anyway, I'd say).

Harps should stay up if it comes to it (you could argue Drogheda's overspending cost Harps 9th spot, whereas it's nothing to do with Shels), but I don't know if that's what's going to happen.

[pineapple stu]

Nothing to do with our league but its happened a couple of times in Scotland where potential promoted teams haven't received their premierdivision license (equivalent) and the botom team have stayed up
I know in the Welsh league, if the First Division (regional) winner turns down promotion, second place gets offered it. Only if they turn it down do the relegated team stay up. That'd be the equivalent (albeit in a very tenuous and unlinked way) to giving Shels first dibs.

Edit - that said, when Gretna went belly up, I think no-one got relegated.

[Longfordian]

The outstanding money does not have to be paid to players til 31st of January.

Yeah I asked someone in our club and that's what they said. If you've heard the same thing it must have some truth. They definitely changed the dates recently for the financial section, what exactly that covers I'm not sure.

[Dodge]

maybe you have to have the agreement in place by Nov 30th, and to pay them back by Jan 31st at the latest?

[jinxy lilywhite]

If I can throw my 2 cents in here lads. If Drogs go bust it will be bad. Though I would disagree with Harps being the automatically choosen team to take their place. Harps finished 10th but they also had to get their players to take a pay cut. So did cobh (11th) and the only club who obeyed the rules and paid their player 100% and on time, down in the bottom half actually finished bottom. If I was a UCD fan I'd be livid that other clubs who disobeyed the rules off the pitch are getting another crack of the whip ahead of them. If UCD didn't want the place then I'd only offer it then to shels

[pineapple stu]

On that basis, you may as well give us a European spot though.

[micls]

maybe you have to have the agreement in place by Nov 30th, and to pay them back by Jan 31st at the latest?

No. nothing needs to be sorted til January.

If you have an agreement in place by January 31st, e.g. staged payments after that, thats fine too.

Well I hope Im right, otherwise we're screwed....:o

[harps1954]

Harps finished 10th but they also had to get their players to take a pay cut.

Harps players took a wage deferral - not a cut. As far as I know, the players have agreements in place to be paid any outstanding monies. It was more a way to address a cash flow problem on the club's part, than an actual cut.

[John83]

Harps players took a wage deferral - not a cut. As far as I know, the players have agreements in place to be paid any outstanding monies. It was more a way to address a cash flow problem on the club's part, than an actual cut.
I thought there were major contract renegotiations there. Am I wrong?

[Sam_Heggy]

I thought there were major contract renegotiations there. Am I wrong?

Players will be paid, no problems with licencing.

[John83]

I didn't question that, but it's not the same thing.

[Lim till i die]

If you think thats bad, word is just breaking down on Suir side that WUFC is officially about to go under, there has been a few resignations within the MC and no money is available to pay the players from what they were promised earlier.
Thats the reason why Gareth Cronin left, he heard what was coming down the line, there now is a very strong possibilty there may not be a club around for the start of the 2009 season, its be coming for a while but now it looks as if its finally happened, sad day indeed for LOI football in Waterford :( .

Meh.

Hear the same rubbish about nine times a year.

Still if it stops you from cheating next season can only be a good thing.

Between Cullen and Delaney I reckon ye will be just fine. :rolleyes:

Drogs, on the otherhand, I'm convinced are screwed.


Waterford. Where is the support in times like these?

Waterfords support is woeful.

[Lim till i die]

the first div where all the clubs have met theres

Let's not go nuts :eek: :)

[oriel]

If I can throw my 2 cents in here lads. If Drogs go bust it will be bad. Though I would disagree with Harps being the automatically choosen team to take their place. Harps finished 10th but they also had to get their players to take a pay cut. So did cobh (11th) and the only club who obeyed the rules and paid their player 100% and on time, down in the bottom half actually finished bottom. If I was a UCD fan I'd be livid that other clubs who disobeyed the rules off the pitch are getting another crack of the whip ahead of them. If UCD didn't want the place then I'd only offer it then to shels

I think you`ve some very good points here and your suggestion is perfect to me, but unfortunately things wont work like that in this league

I would hate to see drogs relegated, am/was really looking forward to these games next year, not least the big crowds the fixture attracts.

[Major Tom]

Meh.



Waterfords support is woeful.

LMAO,

Coming from a Limerick fan??

[cheech]

FAI rules state that if a team folds or gets demoted then the next highest ranked team will stay in the Premier. Which in this case is Harps.

[gotaroundbetter]

If you think thats bad, word is just breaking down on Suir side that WUFC is officially about to go under, there has been a few resignations within the MC and no money is available to pay the players from what they were promised earlier.
Thats the reason why Gareth Cronin left, he heard what was coming down the line, there now is a very strong possibilty there may not be a club around for the start of the 2009 season, its be coming for a while but now it looks as if its finally happened, sad day indeed for LOI football in Waterford :( .

You better get Partizan to cancel the DBSC badges so.

Nothing of this on btid ??

[OneRedArmy]

the only club who obeyed the rules and paid their player 100% and on timeWhere are you quoting that rule from?

If the pay cut is agreed with the players and contracts re-written then its within the rules surely?

[Inside Man]

Lads don't think it was mentioned that every team that qualified to Europe actually paid 100% of every players wages on time for the whole year. The only other 2 are Shams and UCD.

[WoodquayBoy]

Lads don't think it was mentioned that every team that qualified to Europe actually paid 100% of every players wages on time for the whole year. The only other 2 are Shams and UCD.
If you mean the teams that player this year, I think you're forgetting Drogheda.
If you means the teams that qualified this year for next, I think Sligo asked players to take a paycut, so they weren't paid 100%

[sligored]

If you mean the teams that player this year, I think you're forgetting Drogheda.
If you means the teams that qualified this year for next, I think Sligo asked players to take a paycut, so they weren't paid 100%

paul cook complimented the mc last week for never leaving a player one penny short and on time every week this season. playing staff numbers were cutback mid season but no one was left short of money

[pineapple stu]

Five clubs in the Premier paid their players 100%, on time, all the time. Sligo weren't one of them. (So I was told after our last match).

[OneRedArmy]

Five clubs in the Premier paid their players 100%, on time, all the time. Sligo weren't one of them. (So I was told after our last match).
Is that a rule either in the Licensing or the participation agreement?

[sligored]

Five clubs in the Premier paid their players 100%, on time, all the time. Sligo weren't one of them. (So I was told after our last match).

and cook has told a number of people that this is the case so you would want to check your sources stu(or you are saying your friend knows more than paul cook) . this is where these gutter journalists get their info so you should be careful before you post cr*p like this on foot.ie

from sligo weekender


This is especially true when the club’s financial woes are considered – these debts, now almost erased via extensive fund-raising initiatives, still never hindered the weekly payment of players’ wages – and the fact that Cook had to cull his first-team squad due to unforeseen budget constraints.

“All round it would be fair to say that it has been a good year for the players, Gerry [Carr] and myself and the Management Committee. People must realise that the club has done a good job [with finances] in difficult circumstances.” “We’ve had a smashing year – apart from getting knocked out of the FAI Cup – and we have one last hurdle on Friday.

Link below

http://www.sligoweekender.ie/news/story/?trs=mhgbsnaucw

from sligo champion



By Michael Moran

Wednesday October 15 2008

"To get this far in the season unhindered in that regard is a fantastic achievement by all involved and it should be acknowledged," Cook said.

"On my own behalf and on behalf of Gerry Carr (Rovers Assistant Manager) and the players I want to thank the Committee for their work. They have not been an hour late with wages, despite a difficult time lately in terms of finance," he added.

Link below

http://www.sligochampion.ie/sport/soccer/cook-pays-tribute-to-management-committee-1500914.html

[Dodge]

Without being too facetious, a manager's word on financial aspects of a club aren't worth a ****

[sligored]

Without being too facetious, a manager's word on financial aspects of a club aren't worth a ****

you obviously have no understanding of pauls cook honesty - no players of sligo was left one penny short on his wages at any time this year and if you cant accept that , prove your sources. this is the sort of made up bu****** this forum can do without.

[Dodge]

Relax, I didn't say anything about Sligo's finances but in general, managers will say anything

[pineapple stu]

Did Sligo tear up contracts mid-season to let players go, for example?

You can fail to honour players' contracts in full and yet still not be an hour late with the agreed payment.

Wish people wouldn't get so hysterically uppy whenever somebody hints that maybe their club isn't the best run thing since sliced bread.