Revenue After Shels Again

[Schumi]

its not a given that they will keep the cash tap turned on.

It would be in their interest for Shels to move as soon as possible so if Shels need the money for this urgently, it may be at the expense of moving out early.

[Poor Student]

Heard Ollie on the radio. Still says he expects major financing to be secured for the club if I heard him right.

I don't quite get the argument. If I had a house worth a lot of money yet never paid my taxes, how long can I go on before I have to actually put my money where my mouth is and use it to pay my outstanding debts?

[John83]

Heard Ollie on the radio. Still says he expects major financing to be secured for the club if I heard him right.

I don't quite get the argument. If I had a house worth a lot of money yet never paid my taxes, how long can I go on before I have to actually put my money where my mouth is and use it to pay my outstanding debts?
October 2nd. :p

[sonofstan]

October 2nd. :p

I find it very difficult to believe Shels have paid 600k in tax this year - their gates for the year can't be much more than 300k gross (1,500 X €10 per head - given loads of under 16s in every gate - X 20 - 17/ 18 league plus 1 euro game plus cup) - and 1,500 as an average is generous

[OneRedArmy]

Heard Ollie on the radio. Still says he expects major financing to be secured for the club if I heard him right.

I don't quite get the argument. If I had a house worth a lot of money yet never paid my taxes, how long can I go on before I have to actually put my money where my mouth is and use it to pay my outstanding debts?Who would invest in an EL club other than fans? Particularly one that is so badly run it ends up in Court on a quarterly basis without its Chief Executive (a convicted criminal) being unduly worried.

Come in Shelbourne FC your time is up. You have whatever you haven't spent out of your lease charge money left, minus what the Revenue is owed and you'll be out on your ear from Tolka by the end of the season. You'll be playing in front of a couple of hundred in the tumbleweeds of Santry (if you are lucky) and I for one will be happy as a pig in sh it.

What goes around comes around. Ollies dogma has been run over by his karma.

[John83]

I find it very difficult to believe Shels have paid 600k in tax this year - their gates for the year can't be much more than 300k gross (1,500 X €10 per head - given loads of under 16s in every gate - X 20 - 17/ 18 league plus 1 euro game plus cup) - and 1,500 as an average is generous
I agree. I thought that what was said was that Shels owed €600k total, and were paying in €104k installments (maybe interest and/or penalties in there, or maybe the €600k is a rough figure), of which they'd defaulted the first. If that's right, they owe €600k, with the first installment (and maybe more) due by October 2nd.

However, I didn't hear it clearly. Other people present weren't sure either. The Indo seems to have taken it up as €600k paid just before the first winding up order went to court, €104 to go by October 2nd. If they paid €600k, it was an advance on their lease money or something like that. I really doubt they had that sort of money handy in any other form.

[passerrby]

come on lads lets have a whip round and see if we can we find the money needed to save shels so send the money care of bohs and it can rest in their account until hell freezes over or when shels move to dalyer ,which ever comes first

[TonyD]

What goes around comes around. Ollies dogma has been run over by his karma.

Beautifully put.:D :D His Karma may not have been instant, but it looks like it's gonna get him. I actually don't want to see them go bust. I'd rather see them penniless and struggling to avoid relegation in front of gates of about 300(on a good day) out in Santry.

[Dr.Nightdub]

Same here. I much prefer the prospect of them dying slowly by the process of a long, lingering, gradual but painful strangulation with a constant miserable feeling of "How low we've fallen to come from that to this", punctuated by the occasional burst of misplaced and ultimately, unfounded hope.

[John83]

Ollie speaketh (http://www.shelbournefc.ie/news.php?id=459).

"There is no need for Shelbourne fans to worry, the situation is under control."

I have a sneeking suspicion that that line may yet grace the front cover of STIG. Possibly in another run of the Comical Ali visits *shakes magic 8 ball* Santry series.

[Dodge]

Same here. I much prefer the prospect of them dying slowly by the process of a long, lingering, gradual but painful strangulation with a constant miserable feeling of "How low we've fallen to come from that to this", punctuated by the occasional burst of misplaced and ultimately, unfounded hope.

Sod that, get rid of them. Let all others learn from their mistakes

[nshoop]

Dublin city is one thing but if shelbourne,a big club over 100 years old,goes it'll not only look terrible for the league but could start a lot of new problems for the loi.I don't like shels but it would be disasterous if they folded