View Full Version : Leagues Financial facts & Rumours thread
Inside Man
11/10/2008, 11:55 AM
Seeing as there is so much problems in the league and world Financially i thought a thread would be the best place to comment on everything financial to do with the league. Everything seems to be spread out in threads about the financial mess. This is for facts and rumours.
For starters does anyone know what is going on at Bohs?:confused:
Surely by winning the league they've gotten a big windfall?
Also I heard a rumour that our financial problems are not getting any better:mad:
dcfcsteve
11/10/2008, 12:51 PM
Seeing as there is so much problems in the league and world Financially i thought a thread would be the best place to comment on everything financial to do with the league. Everything seems to be spread out in threads about the financial mess. This is for facts and rumours.
For starters does anyone know what is going on at Bohs?:confused:
Surely by winning the league they've gotten a big windfall?
Also I heard a rumour that our financial problems are not getting any better:mad:
I can't recall off top-of head what the money for winning the league is, but I think it's in the €50-100k bracket. I think it's still less than the Setanta top prize (though the league money has gone up recently), and not what I personally would consider a 'big windfall' in football terms.
Regardless - with the rate they've been spending, I would be shocked if the money for winning the league was enough alone to take Bohs from shaky to firm financial ground.
holidaysong
11/10/2008, 1:19 PM
I can't recall off top-of head what the money for winning the league is, but I think it's in the €50-100k bracket. I think it's still less than the Setanta top prize (though the league money has gone up recently), and not what I personally would consider a 'big windfall' in football terms.
Regardless - with the rate they've been spending, I would be shocked if the money for winning the league was enough alone to take Bohs from shaky to firm financial ground.
The league winner last year got €225,000. It has gone up a bit this year but I don't know by how much. Still, it's more than the €50,000-€100,000 you suggest..
Edit: Premier Division winners get €250,000 for winning the 2008 title and another €260,000 from UEFA for qualifying for the CL.
http://eircomloi.ie/news-centre/news-1/2008/february/news-180/
dcfcsteve
11/10/2008, 1:25 PM
The league winner last year got €225,000. It has gone up a bit this year but I don't know by how much. Still, it's more than the €50,000-€100,000 you suggest..
Edit: Premier Division winners get €250,000 for winning the 2008 title and another €260,000 from UEFA for qualifying for the CL.
http://eircomloi.ie/news-centre/news-1/2008/february/news-180/
Good researchig HS !
I take it back - that's a handy sum of money.
Enough to dig Bohs out of any financial hole ? I wouldn't be surprised if it isn't.....
higgins
11/10/2008, 3:42 PM
Well they have a 4million overdraft don't they ?
Full time players are on 52 week contracts.
That league winners money should pay the wages up until christmas anyway :)
sonofstan
11/10/2008, 3:47 PM
Well they have a 4million overdraft don't they ?
Full time players are on 52 week contracts.
That league winners money should pay the wages up until christmas anyway :)
Do I detect a Shels fan on the high moral ground?!
higgins
11/10/2008, 3:54 PM
I did not spend any of the money that led to the mess Shels are in.
I've nothing to answer for so detect what you like...
sonofstan
11/10/2008, 4:24 PM
I did not spend any of the money that led to the mess Shels are in.
I've nothing to answer for so detect what you like...
And you didn't enjoy any of the success that money bought either?
dont even bother sonofstan - the moved tread, the bitterness from some and the silence from others is good enough for me. Makes it all the more enjoyable, in fact.
Big thanks to all the magnanimous fans who actually did congratulate our achievements this year.
CHAMPIONES!!!!!!!!!
Inside Man
11/10/2008, 5:20 PM
Well probably the players were on some sort of bonus for winning the league so i can imagine a big chunk of it would go to them bonuses.
But can anyone tell the full story of whats happening at Bohs?
wexfordned
11/10/2008, 5:47 PM
I was told by a journalist Derry still owe UCD money for Darren Quigley
pineapple stu
11/10/2008, 5:51 PM
Conor Sammon, not Quigley, AFAIK (although ultimately, you can't really split the money as it was a double transfer). Both from the initial transfer and from the sell-on to Kilmarnock.
passerrby
11/10/2008, 5:51 PM
my guess is about sixteen clubs with severe financial diffuculies . and thats a conservative estimate
Mad Moose
11/10/2008, 6:48 PM
While 225,000 and upward is a significant sum of money, and well done actually to Pat Fenlon and Bohemians on winning the league title at that, I'm not sure if its a figure that would take them to any level of stability really. I havent heard anything of late on the sale of Dalymount and the move to west Dublin which I believe, and correct me if I'm wrong, much of Bohemians spending was based on but as I was aware, and again subject to correction, is now no longer going ahead.
The league is without doubt in dire straits and to be honest I wish people wouldn't use the economic downturn as a reason for this mess. It doesn't help but its about putting bums on seats regularly and sdly the league has not been achieving that for many a season at this stage and clubs were always going to suffer.
higgins
12/10/2008, 1:40 AM
And you didn't enjoy any of the success that money bought either?
Of course I did !!
All I was pointing out was the league winners money won't go too far when you think about the 3 to 4 months of an off season and the wages that need to be paid.
If you are in trouble that you need a 4million overdraft then the 250k wont do much for you as it will go on wages is what I was trying to say.
higgins
12/10/2008, 1:41 AM
Conor Sammon, not Quigley, AFAIK (although ultimately, you can't really split the money as it was a double transfer). Both from the initial transfer and from the sell-on to Kilmarnock.
I thought if you owe money to another club it rules you out of a licence ?
Buile Shuibhne
12/10/2008, 11:38 AM
Heard last night that Athlone players have not been paid in 3 weeks (though in fairness they haven't had a home game in ages.)
They were promised to get money last night, with a bumper Shels attendance there, but they weren't paid in the end.
Also no doctor in attendance - as required by league rules - when McCabe was stretchered off.
LeixlipRed
12/10/2008, 11:58 AM
dont even bother sonofstan - the moved tread, the bitterness from some and the silence from others is good enough for me. Makes it all the more enjoyable, in fact.
Big thanks to all the magnanimous fans who actually did congratulate our achievements this year.
CHAMPIONES!!!!!!!!!
It's just like us all over again :D Heads in the sand. Oh, congrats on winning the league
SMorgan
12/10/2008, 12:09 PM
Its in the Post and yesterday's Indo, that Drogheda United will go to the High Court on Tuesday to seek to go into examinership.
gufct
12/10/2008, 12:14 PM
Its Rumoured that at least 2 other BIG Clubs are heading the same route in the next fortnight.
oldyouth
12/10/2008, 12:19 PM
As I've said previously, it is quite possible that promotion/relegation at the end of this season may be put aside with a total revamp of the 2 divisions, based on financial stability.
Buile Shuibhne
12/10/2008, 3:24 PM
As I've said previously, it is quite possible that promotion/relegation at the end of this season may be put aside with a total revamp of the 2 divisions, based on financial stability.
Been thinking that myself the past couple of months the way the growing number of clubs have been going into meltdown.
Will only happen if the FAI are consistant and the apply the same sanctions to all clubs as they did to Shelbourne.
Heard third-hand that when this point was brought up at yesterday's fans forum that Paraic Smith said something along the lines - "It wont happen again we've drawn a line under what we did to Shels" ??????????
It's just like us all over again :D Heads in the sand. Oh, congrats on winning the league
that would be funny if it wasnt so far off the mark. Unlike Shels when they were remotely relevant, nobody here denies that there are problems at Bohs off the pitch - ffs, its very much in the public domain.
One thing i did learn from the Shels collapse was enjoy it while you can.
My main point, anyway, was the pettyness of the usual suspects on here - moving congratulatory threads, little digs etc etc... i enjoy it cos i know it bugs the sh1t out of a lot of people on this messageboard that WE ARE CHAMPIONS!
sligoman
12/10/2008, 6:40 PM
When is the court date(s) for Bohs? Has a date been set yet?
sonofstan
12/10/2008, 7:19 PM
When is the court date(s) for Bohs? Has a date been set yet?
17th Oct - next Friday for the Albion case
brianw82
12/10/2008, 10:23 PM
Great article from eleven-a-side on the financial issues:
Nothing long-term about bust, boom and bustShane Breslin 12:34:39
10/10/2008
http://www.eleven-a-side.com/mpImages/printer.jpg
Printer-friendly version (http://www.eleven-a-side.com/printer/blogprinter.asp?p=289)
News of the financial troubles in which defending eircom League champions Drogheda United find themselves should surprise no-one, and something must be done about the whirling eddy of devastation which has gripped the domestic game.After three years of standard-bearing, in which they gambled on becoming the top club in the land, with a brand-new stadium and a squad roster of A-list domestic stars, Drogs must revert to a part-time professional structure (http://www.eleven-a-side.com/eircomleague/news.asp?n=34420) next season.
Even that may be out of their reach, with the possibility of a High Court-appointed examiner intervening to oversee the club beyond the end of the season, when the vast majority of their players will pack up their kitbags and travel back down the M1 towards the capital.
But where will they go? Bohemians, who will be crowned as successors to Drogheda as League champions, already have a squad depth which is unsustainable without the sale of their own Dalymount Park for development and a move to a newly-constructed arena a few miles away in Harristown. Given the current economic climate and the meltdown in the construction sector, however, no-one would be surprised if Bohs’ own plans were to follow the path of Drogheda’s failed ambitions.
St Patrick’s Athletic have a wealthy benefactor in Garrett Kelleher but his fortune was built on property development and, if the credit crunch is weighing heavily upon Premier League clubs across the Irish Sea, it’s conceivable that his level of expenditure will not be maintained at current levels. The club is certain to think twice about offering €200,000 contracts (http://www.independent.ie/sport/soccer/eircom-league/sacked-for-being-too-fat-1431852.html) in the future.
Cork City are already preparing for a massive cut in the wage-bill for next year, with talk in local media circles that an €80,000-per-week budget will be slashed by about two-thirds under new owner Tom Coughlan.
Four other Premier Division clubs - Galway United, Finn Harps, Sligo Rovers and Cobh Ramblers – have also felt the pinch of serious financial woes this year.
Something must change, for the current cycle of bust, boom and bust is a principal reason behind the losing battle to win the hearts and minds of the sports-going public.
Why would fans make an emotional investment – a prerequisite before any monetary gain is to be gleaned by the clubs – in an entity which could well find itself grasping at the plughole in the not-too-distant future?
When things eventually go awry, as they have at the champions of each of the last five seasons – three-time winners Shelbourne, Cork and Drogheda – the fans are urged to demonstrate their support in a time of need by coming out in their droves.
But is it up to the supporters to bail out their clubs, to in effect bankroll the unrealistic aspirations of the club controllers? The fans of Shamrock Rovers were able to wrest control of their club, but it was a painful process and one only possible because the Hoops’ standing as traditionally the country’s biggest club gave them a platform to plan for the future. Elsewhere across the country, the volume of diehard supporters is plainly insufficient to keep clubs in existence, at least in their present form.
Despite the investment in national and club promotions officers, attendance figures across the League are dismal. St Pats were regarded as unfortunate not to advance to the Uefa Cup group stages at the expense of Hertha Berlin recently yet a few days before Pats’ visit to Berlin, a Bundesliga game at the Olympic Stadium attracted 48,000 – more than Saints could expect in total from their 17 home games this year. Put another way, you could take every fan who attended a League game last weekend, put them sitting in Croke Park and the stadium would still look half-full.
In a world where Gaelic games and rugby offer greater glamour, and the razzmatazz of the über-rich Premier League and a traditional bond with Celtic sees thousands of Irishmen and women flock through airport security every weekend, sentiment towards the League of Ireland from many sports fans ranges from apathy to anathema.
Bringing about a lasting change of those feelings is the arduous battle facing the Football Association of Ireland.
There is a blueprints to follow. Whereas houses of cards have come tumbling down across the country, the foundations of Wexford Youths are solid. Mick Wallace’s grand plan in the south-east will not bring Champions League football to Ferrycarrig Park any time soon but where success is measured on sustainability and genuine goodwill from the local community more than silverware and foreign television money, the club is bound to flourish.
In the prelude to the recent League Cup final, which attracted a sell-out 3500 attendance to Ferrycarrig, Wallace spoke refreshingly about the club’s raison d’être. Winning the league was outside their grasp, he said, but that didn’t matter. The important thing was to serve a purpose in the community, becoming a focal point of the locale. Youths, with an amateur ethos and players drawn from right across the county, are well on the way towards that target. Wallace will never sign English journeymen, but there is nothing xenophobic in that, and such a commitment to the hinterland can only foster community spirit.
In contrast, Drogheda and others chased the dragon, attempting to disprove basic economics and compete in an alternative universe. A footnote to Drogs’ history will show that they were within the width of a post of knocking Dynamo Kiev out of the Champions League this year.
eircom League sides have been punching above their weight for a number of years now. But the burden of financial ruin is beginning to tell. After the near misses of recent years, it could be many more before an Irish side approaches a European tie with genuine aspirations of awaking in a bright new dawn.
sligoman
12/10/2008, 11:08 PM
17th Oct - next Friday for the Albion caseAny ideas on how long it's expected to last or does it depend on how it goes?
17th Oct - next Friday for the Albion case
I believe Sean Connors case has been settled out of court as the Bohs case fell apart after their star witness refused to be bullied into telling untruths by the Directors at the BIG CLUB. This will cost Bohs big time.
sonofstan
13/10/2008, 8:50 AM
Any ideas on how long it's expected to last or does it depend on how it goes?
The judgment is being delivered then (deferred from last monday) - the case has already been heard; there may, of course, be an appeal from either side.
Bohs EGM is the 16th isn't it? Should be at least as telling as the court case judgement
sonofstan
13/10/2008, 9:29 AM
Bohs EGM is the 16th isn't it? Should be at least as telling as the court case judgement
Yes and yes
Whats the feeling around dalymount for the judgement? presume most are bricking it? Club directors are the worst people in the world for calming fears
sonofstan
13/10/2008, 10:48 AM
Whats the feeling around dalymount for the judgement? presume most are bricking it? Club directors are the worst people in the world for calming fears
Nice try.
There's a reason we have a members forum on our message board.
Dodge
13/10/2008, 10:51 AM
LOL, fair enough. Wasn't looking for specifics.
gufct
13/10/2008, 11:47 AM
Nice try.
There's a reason we have a members forum on our message board.
Any thoughts on Sean Connors out of court settlement or have ye not been informed yet.
sonofstan
13/10/2008, 9:58 PM
Any thoughts on Sean Connors out of court settlement or have ye not been informed yet.
I know it's Bohs, an' we're famously depressive* and all, but we've just won the league remember? minds on other things for the minute.
* up in Drogheda last Friday, there were two blokes beside me complaining about something within 5 mins of the final whistle......
Mr_Parker
13/10/2008, 10:11 PM
Will Drogs defeat tonight be another nail in the coffin?
HarpoJoyce
13/10/2008, 10:33 PM
Will Drogs defeat tonight be another nail in the coffin?
Weekend and tonight was hand to mouth, for the immediacy. Gate money to players salary's.
Tomorrow.
They are expected to present a case for Drogheda Utd. F.C.'s interests to be protected under the Irish High Court. 'No Touchy-Touchy'.
Like Cork City and Shamrock Rovers I have a problem with this.
One Slogan; ' Pay Your Debts ................ FC'
I have a major problem when abusive people chose to abuse.
(All of the above clubs owe a little to Irish society).
Was any Drogs player injured too much tonight? just that tradition dictates their income is stopped.
This is from the Sligo Rovers Website
Friday, 10 October 2008
The following is a statement from Sligo Rovers Football Club as an update and thank you in relation to the finances of the club. On Friday 7 March 2008, Sligo Rovers embarked on a season that carried plenty of potential. But with a large tax debt forward from the 2007 season and not having a full 16 members on the board, it was a year that would be incredibly difficult for The Bit O’Red With all this in mind the hard job of raising the much needed funds started. The club’s annual draw raised €35,000 and then our Liverpool Legends game was announced. The club makes it public that we are in real financial trouble and may not even complete the season. An even bigger push was put on fundraising and the Legends game raises €30,000. An extremely well supported syndicate draw comes up with €80,000. It was a true to testament to the dedication and loyalty of Sligo Rovers fans as the extraordinary fundraising effort was maintained for weeks on end. Not many clubs in Ireland could tell their supporters they are in so much trouble and manage to raise €145,000 from ordinary fans and a very hard working Board of Management. I know what you are all going to say. What are they looking for now? The season is ending in only five weeks with not one member of staff owed a cent. Last years tax bill has been paid in full and the chance of finishing in the top four or five is now a huge possibility. Should we let it go now? To finish the season creditor free we would need to raise €70,000 and this would leave us in a very strong position for the 2009 season.
iceman
15/10/2008, 9:53 AM
Drogs in the High Court this morning at 11am , seeking Examinership.
oldyouth
15/10/2008, 11:43 AM
This is from the Sligo Rovers Website
Friday, 10 October 2008
The following is a statement from Sligo Rovers Football Club as an update and thank you in relation to the finances of the club. On Friday 7 March 2008, Sligo Rovers embarked on a season that carried plenty of potential. But with a large tax debt forward from the 2007 season and not having a full 16 members on the board, it was a year that would be incredibly difficult for The Bit O’Red With all this in mind the hard job of raising the much needed funds started. The club’s annual draw raised €35,000 and then our Liverpool Legends game was announced. The club makes it public that we are in real financial trouble and may not even complete the season. An even bigger push was put on fundraising and the Legends game raises €30,000. An extremely well supported syndicate draw comes up with €80,000. It was a true to testament to the dedication and loyalty of Sligo Rovers fans as the extraordinary fundraising effort was maintained for weeks on end. Not many clubs in Ireland could tell their supporters they are in so much trouble and manage to raise €145,000 from ordinary fans and a very hard working Board of Management. I know what you are all going to say. What are they looking for now? The season is ending in only five weeks with not one member of staff owed a cent. Last years tax bill has been paid in full and the chance of finishing in the top four or five is now a huge possibility. Should we let it go now? To finish the season creditor free we would need to raise €70,000 and this would leave us in a very strong position for the 2009 season.
Good positive story for a change. Well done Sligo fans, no time to stop now though
The Rebel Ram
15/10/2008, 12:26 PM
Drogs in the High Court this morning at 11am , seeking Examinership.
Any update?
Is this a 10 point deduction now?
iceman
15/10/2008, 1:47 PM
High Court sat at 11am and put the Drogs case in for 2pm , should be on at the moment.
iceman
15/10/2008, 2:13 PM
High Court has appointed an Examiner.
higgins
15/10/2008, 5:40 PM
So you're down 10 points ?
Does all this mean the current owners of Drogheda are no more ?
Are you effectively looking for new owners as and from today ?
holidaysong
15/10/2008, 5:41 PM
So you're down 10 points ?
Does all this mean the current owners of Drogheda are no more ?
Are you effectively looking for new owners as and from today ?
See here:
http://www.rte.ie/business/2008/1015/drogheda.html
The Rebel Ram
16/10/2008, 9:04 AM
I see today that the French Grand Prix has been cancelled. This is due to the main sponsor pulling out of the deal due to the impact of the credit crunch. It is exected that it is only the first of major sproting events to be affected!
I wonder what clubs have budgeted for sponsorship for next season?
Lets hope they have a serious review of these figures or next season could be worse than this............
pineapple stu
16/10/2008, 12:57 PM
Sponsorship for the clubs will be a lot harder to come by in the coming years. I know we've lost a couple of sponsors and will have to cut back accordingly. All the more danger for clubs who don't go in for proper budgeting.
eelmonster
17/10/2008, 12:00 PM
Rumour has it (one of the lads on Dundalk FM's commentary team - Larry, or Moe) that the FAI will offer Sporting Franchise a place (in place of Cork/Drogheda?) in the Premier next season, anyone know anything more about this?
OneRedArmy
17/10/2008, 12:18 PM
Rumour has it (one of the lads on Dundalk FM's commentary team - Larry, or Moe) that the FAI will offer Sporting Franchise a place (in place of Cork/Drogheda?) in the Premier next season, anyone know anything more about this?
Surely the process if current Premier sides don't qualify for a Premier License and get relegated is that the highest non-promoted team in the First Division, with a Premier License, gets promoted.
Fingal are currently 4, so that would require other teams above them not to get Premier Licenses, or for the whole arrangement to be set aside.
Sounds like usual Dundalk conspiracies to me.
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