View Full Version : Petition to wind up Accolade (Shels)
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Now Bohs are about to put up an almighty fight for their club's future
KOH
Turn up, vote no, wave bye bye to John "Oscar Wilde" Delaney and Ollie Byrne. That's if it even goes to a vote. Not that much of a fight. ;)
BohsFans
16/03/2006, 2:00 PM
Judge for yourself :)
http://www.iol.ie/~bohsfc/accolade_auditors_report.pdf
this is downloadable from the CRO website.
What happens to his work permit if the company holding it fold?
Employee cannot work until a different company is granted a work permit bby Dept. of Enterprise, Trade and Employment. It would be treated as a fresh application. new company would have to prove that previous holder of work permit (old company) was no longer trading and had been wound up.
higgins
16/03/2006, 2:05 PM
I think the reason why shels fans are not posting is because they don’t fully understand what's going on. Seems like there is very little detail out at the moment and unlike all you lot who are just dying to see shels go bust and are making up stories its probably best we wait for more info.
Already from the small news item the theory is that shels have another company name on their licence :)
Your all reading too much into things at the moment, I'll wait for the press release tonight before I comment either way.
WeAreRovers
16/03/2006, 2:05 PM
Not that much of a fight. ;)
As close as you lot will get. ;)
KOH
Block G Raptor
16/03/2006, 2:08 PM
All this is a bit over my head. in lay mans terms are Shels in serious risk of going bust ?
chippie0001
16/03/2006, 2:09 PM
I would assume that this is not too public yet as Shels unlike Rovers when it happened to them are not making it public. Sports journo's don't go to the high court unless they know in advance and neither the revenue or Shels made it public. Its only public now as the Revenue have had to make is to after the first hearing and before th next. Also even now most journo's/ fans would now know who/what Accolade were, there is no direct reference to Shels as such. However as the CRO/ auditors report/ players contracts show accolade is Shels and still is, so being threatened to be wound up has to be some what serious.
I am sure there is some reason for this but for it to go to these levels is crazy. I know Bohs/Pats and Shels were all audited by the revenue earlier this year, I know in our case we had to pay a lot and agree to pay the rest and action was nearly taken. But for it to go to this stage, Shels either are not playing ball or making a point. And its a dangerous game to play to make a point. Still cannot fathom how Accolade has a current TCC yet the revenue are trying to wind it up. They just don't sit right with each other.
. I know Bohs/Pats and Shels were all audited by the revenue earlier this year, I know in our case we had to pay a lot and agree to pay the rest and action was nearly taken
One of directors paid a six figure sum to revenue to basically save us. A repayment plan was agreed (and has been adhered to) we obviously still owe them a fortune but we're on the right road...
BohsFans
16/03/2006, 2:23 PM
One of directors paid a six figure sum to revenue to basically save us.
:eek: :eek: .
I thought the revenue only sought winding up orders on companies that were seriously bankrupt? I think the Revenue usually work with the companies to help them be solvent in the future?
I don't see that this has implications necessarily for Shels to continue to exist as clubs have aften closed one company & sold contracts to another company. However this was all before the Uefa licencing & seems a lot of questions to answer based on that & the biggest one is...
- How did Shels get a club licence this season?
Reallys smacks of Rovers deja vu to me. FAI club licencing clearly a complete joke. Who audits the company accounts?
Seems minimum 8 point deduction like Rovers last year.
bohs til i die
16/03/2006, 2:27 PM
Something for Bohs fans to consider - a year down the line, with Shels co-owners of Dalyer, it'd be your ground that revenue would be after.
the groundshare had fukk all support up until now so it will have even less now from any Bohs member.
There is no chance of the groundshare happening unless something major happens
bohs til i die
16/03/2006, 2:30 PM
Already from the small news item the theory is that shels have another company name on their licence :)
Your all reading too much into things at the moment, I'll wait for the press release tonight before I comment either way.
this isnt a news story, its in the Legal Notices section on page 33 of the Irish Times, from the Revenue lads in Llimerick who do all the revenue dirty work.
Shelbourne's trading company have a winding up order and we are reading too much into it. Is there anyone in Tolka Park with a sense of reality or are you all this deluded
pineapple stu
16/03/2006, 2:30 PM
All this is a bit over my head. in lay mans terms are Shels in serious risk of going bust ?
The facts are basically as follows -
(a) Accolade Limited have had a winding-up petition served on them.
(b) Accolade Limited are registered in Tolka Park, have Oliver Byrne (and one or two others) as directors and shareholders and trade as Shelbourne FC (a search on the CRO will reveal this).
(c) If the winding-up order is successful, a liquidator would be appointed who would have to (a) stop the company trading to safeguard the existing creditors from further losses and (b) sell all its assets to pay off as much of the debts as possible. Shels FC would have to reform - AFC Shelbourne in effect - and re-apply for league status (they'd probably get straight into the Premier under marketability and John-Delaney-friendliness criteria...). Ollie - and the other directors - would quite possibly be restricted at least, and banned as acting as a director if this is serious enough (and continuing trading as a company when you know it's insolvent is an indictable offence), which would mean Ollie could (nominally) take no part in the new Shels.
(d) The directors will have known about this for a long time and will have been in talks with Revenue. They'll also have had previous agreements with Revenue over payments of late tax - usually on an instalment basis (i.e. take the tax you owe and agree to pay it off in ten monthly direct debit payments).
(e) Revenue will have given Shels every chance to show they can get out of this. They don't want to liquidate companies - it's bad for the economy and it means they won't get any tax in future. If they're serving a petition, it means they don't believe Accolade Limited is in a position to continue trading.
this isnt a news story, its in the Legal Notices section on page 33 of the Irish Times, from the Revenue lads in Llimerick who do all the revenue dirty work.
Shelbourne's trading company have a winding up order and we are reading too much into it. Is there anyone in Tolka Park with a sense of reality or are you all this deluded
Unfair to Higgins who is at least trying to find out whats happening.
Agree with the general point though.
Chippie andPete's point about licensing is the most pertinant in footballing terms.
Poor Student
16/03/2006, 2:44 PM
If they would have known as much in advance as Pineapple says (and I trust him being an accountant) about these financial irregularities, difficulties or whatever, how the hell did they get the licence? In Slovenia a few years ago, the football association the NZS, told all clubs in this type of situation to feck off and the 5th placed team ended up in the UEFA Cup and even lower in the Inter Toto. Shels should have no right to compete in the Inter Toto in this state, let alone our league. That's if club is connected to Accolade as is believed.
It definitely is connected. There is absolutely no doubt about that. Looko at the link Peader posted. According to the Dept. of Enterprise, Trade and Employment it is "Accolade Ltd trading as Shelbourne FC"
Poor Student
16/03/2006, 2:54 PM
It definitely is connected. There is absolutely no doubt about that. Looko at the link Peader posted. According to the Dept. of Enterprise, Trade and Employment it is "Accolade Ltd trading as Shelbourne FC"
It was more of a disclaimer than anything in case I put my foot in it.;)
I assume the work permit is Ndo's?:confused:
higgins
16/03/2006, 2:58 PM
Nobody is posting any reasons as to why this has happened.
Ollie did state last season he would not pay a cent more to the tax man on the grounds of what Shamrock Rovers got away with. Now rightly or wrongly Im not convinced as of yet that all this is out of Ollies hands.
I think morally what Rovers got away with was shocking (please dont open the debate up again) but I am sure Ollie would have no problems doing what is best for shels and he wouldnt give two hoots how he does it.
Could be all wrong and shels are screwed but on the information we have to date its hard to understand why this has come about.
Sheridan
16/03/2006, 2:59 PM
It was more of a disclaimer than anything in case I put my foot in it.;)
I assume the work permit is Ndo's?:confused:
Reckon Ndo would have acquired EU citizenship somewhere along his meandering career path. Maybe it's Ollie Cahill or Kearney who require work permits, vaccination records etc. :D
Peadar
16/03/2006, 3:01 PM
I assume the work permit is Ndo's?:confused:
It's for Greg O'Halloran or course. :D
Liam Kearney has a student visa so he doesn't need a work permit.
Seriously though, the reason this isn't in the news is because the press haven't had a chance to get their heads round it since none of them are as sharp as our boy chippie0001. ;)
higgins
16/03/2006, 3:06 PM
We had a Bulgarian trialist in a friendly some weeks back so Im not sure what the laws are regarding that...
chippie0001
16/03/2006, 3:09 PM
It's for Greg O'Halloran or course. :D
Liam Kearney has a student visa so he doesn't need a work permit.
Seriously though, the reason this isn't in the news is because the press haven't had a chance to get their heads round it since none of them are as sharp as our boy chippie0001. ;)
Actually not me, I got a phone call so no credit to me at all. All Bohs fans are well trained in tax and legal matters at this stage. It goes back to Vitruvian man earlier we are all conspircay theoriests :cool:
Actually not me, I got a phone call so no credit to me at all. All Bohs fans are well trained in tax and legal matters at this stage. It goes back to Vitruvian man earlier we are all conspircay theoriests :cool:
And by conspiracy theorists you mean geeks.
:p
bohs til i die
16/03/2006, 3:12 PM
Nobody is posting any reasons as to why this has happened.
Ollie did state last season he would not pay a cent more to the tax man on the grounds of what Shamrock Rovers got away with. Now rightly or wrongly Im not convinced as of yet that all this is out of Ollies hands.
I think morally what Rovers got away with was shocking (please dont open the debate up again) but I am sure Ollie would have no problems doing what is best for shels and he wouldnt give two hoots how he does it.
Could be all wrong and shels are screwed but on the information we have to date its hard to understand why this has come about.
what Rovers did last year was morally wrong but legally ok.
The revenue are looking to wind up accolade Ltd because presumably the revenue are owed a fortune by Accolade.
chippie0001
16/03/2006, 3:13 PM
And by conspiracy theorists you mean geeks.
:p
Sure all el fans are geeks, did no one tell you :eek:
A face
16/03/2006, 3:14 PM
Seriously though, the reason this isn't in the news is because the press haven't had a chance to get their heads round it since none of them are as sharp as our boy chippie0001. ;)
Well it not like half these journo actually come up with something themselves, filthy low-life some of them. Of course they'll be thrawling the net trying to piece all this together, parasites !!
Risteard
16/03/2006, 3:15 PM
You'd think with all the clever legal minds we have on here that we'd also have someone with a scanner and a copy of the Irish Times.
Sheridan
16/03/2006, 3:16 PM
Sure all el fans are geeks, did no one tell you :eek:
Course not. The defining characteristics of geeks are that A: They don't know they're geeks and B: They only associate with other geeks.
You'd think with all the clever legal minds we have on here that we'd also have someone with a scanner and a copy of the Irish Times.
Just go out and buy the paper (or even look at p33) you lazy git...
chippie0001
16/03/2006, 4:32 PM
Is this a wind-up?
No its really in the paper.
Sheridan
16/03/2006, 4:34 PM
No its really in the paper.
And they say accountants have no sense of humour, eh?
BohsFans
16/03/2006, 4:35 PM
And they say accountants have no sense of humour, eh?
:D :D Tis true
soccerc
16/03/2006, 4:56 PM
A little birdie is telling me this petition was not flagged to the powers that be and is causing consternation in the inner circles
Poor Student
16/03/2006, 5:03 PM
A little birdie is telling me this petition was not flagged to the powers that be and is causing consternation in the inner circles
Irish football's powers that be or Shels'?
soccerc
16/03/2006, 5:13 PM
Irish football's powers that be or Shels'?
Are they not one and the same?
No allegedly the people who are the custodians of the game on our behalf:rolleyes:
Poor Student
16/03/2006, 5:14 PM
Are they not one and the same?
Your words not mine.;)
pineapple stu
16/03/2006, 5:22 PM
Just thinking as well - Shels only recently turned down a E400k offer for Jason Byrne. Now even granted that Bray were to get half, that's still E200k at a stage when they were quite clearly screwed. I'd say that in itself constitutes reckless trading on the directors' behalf. Maybe even possible potential liquidators could sue the directors for the amount.
Raheny Red
16/03/2006, 5:26 PM
Has one got the Times and a scanner/camera at hand so they upload the piece to the web? :confused:
pineapple stu
16/03/2006, 5:28 PM
Latest from Shels' forum (http://forum.shelbournefc.ie/chat/viewtopic.php?p=66548#66548)
Not sure when the official sStatement - if at all - is being issued, but both myself and Gareth are offline this evening and won't be available to post it.
However, I'm reliably informed, albeit unofficially for the mo, that the problem has being solved and all monies due to the Revenue have since been paid to the full satisfaction of the Revenue.
The latter sounds highly improbable, in my opinion. Revenue would have indicated that they were going to lodge the petition to the Shels directors, so they would have made any payment then rather than letting it go public if they had any sense.
Peadar
16/03/2006, 5:30 PM
You'd think with all the clever legal minds we have on here that we'd also have someone with a scanner and a copy of the Irish Times.
We do have a serious collection of professions on this forum alright.
Perhaps we could take over Shels and run it as Leinster FC or something. :D
Poor Student
16/03/2006, 5:31 PM
Goebels is at work already.:D
sfc red
16/03/2006, 5:31 PM
Not sure when the official statement - if at all - is being issued, but both myself and Gareth are offline this evening and won't be available to post it.
However , I'm reliably informed, albeit unofficially for the mo, that the problem has being solved and all monies due to the Revenue have since been paid to the full satisfaction of the Revenue.
:p ;) :D
Has one got the Times and a scanner/camera at hand so they upload the piece to the web? :confused:
The Irish Times has another order for some paint ball company & just standard language no specifics. It says was files on the 13 March & case has to be heard in the High Court before 3 April. Creditors or other people who opposed or support the pedition are welcomed to attend & have their say or something like that. A scanner will add nothing to this.
btw sfc reds post wa smerged into this thread.
chippie0001
16/03/2006, 5:38 PM
:p ;) :D
Classic it was up in court 2 days ago and now all debts are paid, if so why did it end up in court at all.
sfc red
16/03/2006, 5:42 PM
Yeah cos I know that :rolleyes:
Buile Shuibhne
16/03/2006, 5:49 PM
Classic it was up in court 2 days ago and now all debts are paid, if so why did it end up in court at all.
The cheque was in the post - unfortunately it was posted from Inchicore post office :eek:
Student Mullet
16/03/2006, 5:52 PM
The cheque was in the post - unfortunately it was posted from Inchicore post office :eek:I tought that you were going to be offline this evening and so unable to post up the Shels statement?
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