Dublin's big four have grounds for sharing

[anto eile]

if that article is correct then bohs arent much better, 720,000 if frightening for a club who finished mid-table...

someone else mentioned short term thinking.. if anything this is an attempt at long term thinking in terms of developing better infrastructure and giving the clubs a base from which to build, dosent mean its a good idea though, and having property developers sniffing around is a serious red light, those are a class of individuals i inherently dont trust and should not be let near the pats boardroom, with whats at stake here.

its not that frighteneing really.bohs finances have been documented in the sunday business post on a number of occasions over the last two years.
their debt was over E1.5M only 2 years ago. they used E700,000 that they recently got from the shopping centre developer to pay off some of their debt. theyve reached a deal with the revenue to pay (huge) outstanding taxes over the next 2 years or so. and their main focus seems to be to steadily reduce their debt in the short term.
id imagine bohs, while still in a quite precarious position, are not nearly in as frightening a position as it might look

[anto eile]

I've only seen one club who made a profit last year - Kildare County, who finished third bottom of Division One after three seasons just outside the play-offs.



finn harps also made profit of about E2,000 last season.3rd profitable year in a row
Rovers , believe it or not,made a larger (but still small) profit as well

[Mr A]

5th year in a row I think you'll find!

[Macy]

Estimates of the stadium's real estate value vary from €30 million to around twice that figure and there are some fans who argue that selling up and using the cash to establish a new stadium and training facilities in the suburbs makes more sense. The FAI and Government would look dimly on such a move as, it seems, would Shelbourne at this stage given they own a lease on Tolka Park rather the ground itself and cannot, therefore, hope to raise as much money by having the developers around.
Why would Bohs care what the FAI or Government think, let alone Shels, if €30million can be realised? €30mill, would buy a decent site, training academy etc with no Government or FAI support. Why they should care about Shels is beyond me, and shows the article to be pure spin. I'm disappointed in Emmet Malone tbh - I thought he was above this kind of stuff.

[chippie0001]

Why would Bohs care what the FAI or Government think, let alone Shels, if €30million can be realised? €30mill, would buy a decent site, training academy etc with no Government or FAI support. Why they should care about Shels is beyond me, and shows the article to be pure spin. I'm disappointed in Emmet Malone tbh - I thought he was above this kind of stuff.
Exactly, while the FAI would be unhappy as Shels would be in a spot of bother they would hardly cut their nose off to spite their face. If we sold and if these valuations are right we would be the wealthiest club in the country with the best facilities.

[pineapple stu]

Yeah, forgot about Harps - another example of a profitable club being screwed over. I suppose technically Rovers only made a profit by virtue of rather a large write off ;), but again, adds to the point. Haven't heard about UCD or Kilkenny. Our budget was being cut back this year, so we probably made a loss. A small manageable one though.

And hey - look what happens to Shels one day later! :)

[monkey magic]

And hey - look what happens to Shels one day later! :)

pineapply, i really think your jumpin the gun here, kinda like when longford didnt get their liscence initially... i cant understand why there hasnt been more media comment if shels really are gonna be wound up.

[pineapple stu]

Drogs (lost) E100k or so (you can download their accounts through CRO.ie)./QUOTE]
I must correct myself actually - Drogs lost E15k in the year ended 31 December 2004. Not sure where I got the E100k figure from.

[QUOTE=Poor Student]Did we (UCD) make a loss?
Yep. Only about E10k apparently. Fits in with what I was saying earlier about a small but manageable loss which was being reflected in this year's budget.

[CollegeTillIDie]

pineapply, i really think your jumpin the gun here, kinda like when longford didnt get their liscence initially... i cant understand why there hasnt been more media comment if shels really are gonna be wound up.
Most Irish journos are lazy sods who steal all their good ideas from message boards on foot.ie perhaps? :D

[CollegeTillIDie]

Yep. Only about E10k apparently. Fits in with what I was saying earlier about a small but manageable loss which was being reflected in this year's budget.

Are you going to the Alumni Dinner to help clear the debt? :D

[thejollyrodger]

Soccerlines
ADVERTISEMENT

FAI won't bail out cash-strapped clubs
REPORTS that the Revenue Commissioners were chasing Shelbourne, and that the Tolka Park club had debts of almost €1m, sent shockwaves through Eircom League circles last week, writes Seán Ryan.

In the past, when clubs got into financial difficulties, the FAI came to their rescue. This happened to Bohemians, Drogheda United, Dundalk and Limerick at one time or another, but yesterday FAI chief executive John Delaney made it clear that those days are over.

"We can no longer bail out clubs under the UEFA licensing system," he said. "We couldn't help one and neglect the others. We have to preserve the integrity of the licensing system."

Shelbourne's troubles are said to be of a short term nature and the club are expected to discharge their debt within the next fortnight. The consequences if they didn't would be that the club would be wound up and thus lose its most valuable asset - the lease it has on Tolka Park.

The licensing system is designed to bring the difficulties clubs run into to the fore. Each of the 22 clubs have to provide the FAI with annual audited accounts, and then have to present monthly management accounts to an independent committee, chaired by Liam Moggan of the NCTC in Limerick. Sanctions are imposed where clubs are failing to meet their targets or overstepping their budgets.

The system operated by the FAI is stricter than that operated by the IFA in Northern Ireland, where only the clubs that qualify for Europe are expected to meet the UEFA licensing criteria.

By monitoring the clubs every month, the FAI hope that they will see problems before they become fatal. With 22 sets of audited accounts listing the cost of running the club, the club's turnover, its indebtedness and its assets, the FAI are getting a clearer picture of the industry prior to the official merger this summer.

With the clubs having given their consent to the merger, a group has been working on a document to bring to the League AGM this summer, which will outline how the FAI will run the League, leaving the clubs to run themselves.

Already the FAI's involvement has been to the League's benefit. Prize money has risen from €98,000 to €450,000, live TV games increased from five to 44, and the Government have provided €5.2m in capital grants for League clubs.

One of the big issues to be resolved by the merger group is the criteria which clubs will have to meet for acceptance into the premier division. Based on that, they will then decide how many clubs will be in the top division. Judging by the present monitoring process, it would seem to be in the clubs' interests to keep their noses clean if they want to be part of the premier division in 2007.
http://www.unison.ie/irish_independent/stories.php3?ca=94&si=1583187&issue_id=13821

Im not as worried about Shels as I once was. To be honest I think this is just a process that a lot of big clubs are going to go through before the FAI take over the league. I think Shels will be able to find the money and put the club on a good footing for the start of 2007 league.

Hopefully by then a financial backer would get invovled and invest €1-2million per year. If we had that we could really challenge for the group stages in Europe.

[pete]

Im not as worried about Shels as I once was. To be honest I think this is just a process that a lot of big clubs are going to go through before the FAI take over the league. I think Shels will be able to find the money and put the club on a good footing for the start of 2007 league.

Hopefully by then a financial backer would get invovled and invest €1-2million per year. If we had that we could really challenge for the group stages in Europe.

Deluded. Alwasy looking for the easy way out of a big mysterious financial backer. :rolleyes:

[Mr A]

REPORTS that the Revenue Commissioners were chasing Shelbourne, and that the Tolka Park club had debts of almost €1m, sent shockwaves through Eircom League circles last week, writes Seán Ryan.

To be honest, I think the only shock would be if the debts were that small! We've heard that Shels lost the guts of a million last year so based on that it'd be hard to believe their liabilities were only 50k starting last year. There's a lot of numbers being thown around and some of them flatly contradict each other.


In the past, when clubs got into financial difficulties, the FAI came to their rescue. This happened to Bohemians, Drogheda United, Dundalk and Limerick at one time or another, but yesterday FAI chief executive John Delaney made it clear that those days are over.

"We can no longer bail out clubs under the UEFA licensing system," he said. "We couldn't help one and neglect the others. We have to preserve the integrity of the licensing system."

Interesting. Seems pretty much like an admission that the FAI has helped some clubs but not others in the past. Hardly a surprise of course, but a pretty shocking admission from a football governing body when you think about it.


With the clubs having given their consent to the merger, a group has been working on a document to bring to the League AGM this summer, which will outline how the FAI will run the League, leaving the clubs to run themselves.

I thought the vote was a statement of intent, but not an actual commitment to merger due to the fact that the FAI haven't brought their plans to the table yet?


Already the FAI's involvement has been to the League's benefit. Prize money has risen from €98,000 to €450,000, live TV games increased from five to 44, and the Government have provided €5.2m in capital grants for League clubs.

Eh? I'm not saying the FAI haven't helped to some extent but are they seriously claiming credit for all this? These are the same people who nearly got all aid to the league frozen last year due to their refusal to have a proper process after Rooney was shafted.

[Roverstillidie]

Im not as worried about Shels as I once was. To be honest I think this is just a process that a lot of big clubs are going to go through before the FAI take over the league. I think Shels will be able to find the money and put the club on a good footing for the start of 2007 league.

Hopefully by then a financial backer would get invovled and invest €1-2million per year. If we had that we could really challenge for the group stages in Europe.

:rolleyes: seriously. you need to cop on. why would anyone invest in a groundless shels in imminent danger of going out of existance?

no-one has ever invested the money in any loi club you think will just fall into your lap. im actually starting to fear for shels as a club because their fans obviously dont know/care what a serious prediciment this is

[chippie0001]

The groundshare is not going to happen, the sooner the FAI, Shels and the media wake up to this fact the better for Shels so they can plan for their own future. I can see pressure bieng put on Bohs to accept this but I honestly don't think there is a hope in hell given the value of Dalymount and a move. Also hopefully Pats block any move to Tallaght and leave Rovers there and we can all plan for our own futures.

[Jerry The Saint]

Eh? I'm not saying the FAI haven't helped to some extent but are they seriously claiming credit for all this? These are the same people who nearly got all aid to the league frozen last year due to their refusal to have a proper process after Rooney was shafted.

Yes, the implication is that John Delaney established a new Irish sports channel in order to give the League a bit of a boost and make the FAI look good:confused:

[Student Mullet]

Yes, the implication is that John Delaney established a new Irish sports channel in order to give the League a bit of a boost and make the FAI look good:confused:The other implication is that the FAI only started doing its job a year ago. The article presents a scenario of before and after the FAI helped out.