Shels financial difficulties

[pineapple stu]

Last year we released the same amount of out of contract players and nobody batted an eyelid.
Big difference between Hussain Yazdani and Seán L'Estrange and Gary O'Neill and Ollie Cahill though.

Who was released last year? I think there were seven, as you note, but there was Yazdani, L'Estrange, Fleming, Cawley...who else?

[OneRedArmy]

Last year we released the same amount of out of contract players and nobody batted an eyelid.
Even if all those mentioned left, we'd still have a team capable of winning the League.
Looks as though all the confident talk of a mass exodus from Shels was, yet again, hot air.
"There is no presence of American infidels … at all. Baghdad is safe. US soldiers are being slaughtered in their hundreds.... we will slaughter them, all of these invaders - their tombs will be here in Iraq." Mohammed "Comical Ali" Saeed al-Sahhaf - Baghdad, April 2003, as US tank shells could be heard exploding in the background.

Any similarities?

[Raheny Red]

Big difference between Hussain Yazdani and Seán L'Estrange and Gary O'Neill and Ollie Cahill though.

I think there were seven, as you note, but there was Yazdani, L'Estrange, Fleming, Cawley...who else?

Glen Fitzpatrick, Ger Rowe, Kevin Doherty, and Derek Pender.


Was a pity that Glen had to go...........

[pineapple stu]

So nobody of any real importance. Glen's muck. You got over him, I think.

Compare that to Ndo, Cahill, O'Neill and both keepers. It mightn't be the end of the world, but it's hardly the rosy picture Sheliban paints either.

[BohsPartisan]

No but he used a :cool: which automatically wins any arguement and nullifies all negative statements about ($)hel($)

[Dodge]

Post from en ex Pats employee on our MB

Met Hawkins, Cahill, Dillon in town last night, all said that they reckoned they would be on the move in coming month, players are still owed money from the Deportivo game a couple of years ago.

S Byrne definately going along with Fenlon.

Watch this space

[higgins]

They have substantial plans alright. I've seen them. However, they can't get their hands on the substantial money. They can still show the plans to the FAI though. Remember the FAI showing EUFA a nice green field?

Sam I dont think your allowed to make those sort of comments... People around here like to believe the rumours of shels and don't have time for the facts.

It's best you go along with everyone else and paint a picture of how screwed Shels are :cool:

That way it makes everyone else feel better about themselves!

[OneRedArmy]

People around here like to believe the rumours of shels and don't have time for the facts.When there are very little facts and almost all that are available are negative, what do you expect?!

Even your own fans are in the dark and can only cling to the "Ollie always comes good for us in the end" approach.

Get real.

[chippie0001]

Sam I dont think your allowed to make those sort of comments... People around here like to believe the rumours of shels and don't have time for the facts.

It's best you go along with everyone else and paint a picture of how screwed Shels are :cool:

That way it makes everyone else feel better about themselves!

Higgins, try take the chip of your shoulder there. We all know Shels are due some money from the sale of Tolka, however that is not enough with property prices these days to do anything. Hence trying to share with Bohs, or athletics in santry. We can all have plans, I have plans to build 1,000 houses in the fields near me however I don't have the money so the plans are not much use now are they.

Why don't you clear it all up for us and tell us where Shels are moving to, Lisenadall was going to be your new home wasn't it, or when you are moving even?

Actaully why don't you even give us a rough idea of the future plans of Shels. Most clubs plans are out there, Pats, Bohs, Rovers etc and what they plan to do and how they plan to do it. What exactly are Shels plans except for spending money on a team from the sale of your ground?

[higgins]

OneRedArmy, Do you really believe what you hear on foot about Shels ?

I am still trying to get over the fact that Ndo signed for Drogheda during the last transfer window. I'm amazed that we stayed in Tolka past the deadline day of July 28th was it ??? Pat Fenlon had also signed for Bohs and was about to have a press conference yet I watched him lift the cup in Tolka last Friday night :eek:

Pat is also booked into a hotel in Derry for 5 nights yet he was in Dublin for these 5 nights!! :rolleyes:

One thing leads to another on here and when there is a lack of information peoples imaginations get the better of them and we hear all this crap.

When Shels release players they will tell us about it. I am looking forward to a reduction in the number of players we have but up until now we have no information.

Sure we were told on here weeks ago that all players are free to leave as their contracts were broken!! Do you believe that one too ?

Then we hear rumours of how they go weeks without pay yet its fairly clear that there is a two week rule on the contracts and if it was weeks as people suggest we'd have lost them all by now.

I know its the off season but do you lot have nothing better to discuss ?

[BohsPartisan]

I'm quite willing to wait until next season to laugh in your face when you have no choice to take your head out of the sand.

[higgins]

Lisenadall was going to be your new home wasn't it, or when you are moving even?

Actaully why don't you even give us a rough idea of the future plans of Shels. Most clubs plans are out there, Pats, Bohs, Rovers etc and what they plan to do and how they plan to do it. What exactly are Shels plans except for spending money on a team from the sale of your ground?

Lissenhall proved to be too expensive in the end. I liked the idea and think it would have worked out but the price of the land went sky high after it was rezoned and Shels didnt have enough cash to buy the land and build the stadium.

Talks are still ongoing with sharing Morton Stadium with the IAA. What more info do you want ?

It's clear we don't have enough money to sell Tolka buy land in a good area and build a nice stadium. I don't think anyone has said we did ???

I've said this 100's of times before but I don't agree with the spending of money from the sale of Tolka on players wages. Never have I said I did.

What is it that has you all thinking about Shels the whole time ????

Theres very little info from any EL clubs on how they conduct their business but it seems when shels say nothing it's because they are hiding something or up to something... :D Just relax and let things run their course....

[higgins]

I'm quite willing to wait until next season to laugh in your face when you have no choice to take your head out of the sand.

Laugh in my face ?
What are you on about.....

I don't need to come to foot.ie to hear whats going on at Shels. It's fairly clear that the majority of the Shels rumours on here prove to be false!

It's got nothing to do with having my head in the sand. It's got to do with the truth and what fans of other clubs would like to be the truth. As usual when people hear a story about shels they like to add a few minor details and make some crazy story out of it!!

What get posted here and what actually goes on are two very different things.

Also I have NOT said there are no problems at Shels! I'm well aware of the problems and have posted my opinions on them many times, both here and on Shelsweb. Just because I post here asking you all to calm down does not mean there are no problems.

[Poor Student]

Higgins, I'd say there's no smoke without fire. Evidently Shels players went unpaid at times this season and they came close to walking out. Just because the exact details of the more imaginative rumours didn't transpire it does not mean there's some truth to the rumours floating about. Something appears to be going on right now and if it's the release of all players out of contract then that is problematic for your club. I can understand you saying that it's positive that the club are coming to terms with their inability to pay the players' wages but the rumoured departures of players like Ollie Cahill, Ndo and O'Neill is still alarming.

[higgins]

Poor Student, I'm well aware of there being no smoke without fire. I've never said everything was great at Shels. I'm just trying to calm you lot down. We don't even have word of who the out of contract players are and yet your all going on about Shels having no goalkeepers.

As was pointed out, we released 8 players last season and nobody found it strange. I'm actually wondering why its taking so long to release players this season!

If they were released yesterday and are free to go do you not think we would have heard from them or the players? This guessing game that goes on is silly. When it happens it happens.

Why this is a big deal is beyond me. Shels wouldnt be the first club to release players because they couldnt afford them.

I think it's funny that Shels are the club who are meant to be in debt and all players will be leaving at the end of the season and yet nothing has happened and Cork are going unnoticed as they let player after player go :) and their Chairman has stepped down.

[BohsPartisan]

It's fairly clear that the majority of the Shels rumours on here prove to be false!


It's got to do with the truth and what fans of other clubs would like to be the truth.


What get posted here and what actually goes on are two very different things.

.

Higgins speeks to the press (http://i6.photobucket.com/albums/y216/marconi76/tonysays.jpg?t=1164391275)

[Philly]

A lot of rubbish is said about Shels on here. Jealousy most likely.

[Dodge]

A lot of rubbish is said about Shels on here. Jealousy most likely.

Hello Nutsy!

[OneRedArmy]

A lot of rubbish is said about Shels on here. Jealousy most likely.Indeed. I yearn for the day when I can support a club with no fans, no future and all being seen over by a convicted criminal who drags my club through the dirt on a regular basis.

Utopia!

[Philly]

Indeed. I yearn for the day when I can support a club with no fans, no future and all being seen over by a convicted criminal who drags my club through the dirt on a regular basis.

Utopia!

....and a lot of League Championships despite their troubles.

[Philly]

As for Ollie. I think him breaking the law ages ago has little to do with Shels, their success or anything else. (http://ollie.byrne.youaremighty.com)

[drummerboy]

I was informed last niht that there was another winding up order against Shels by the Revenue commissioners in the notices section of the paper yesterday. Did anybody see it.

[floatinghoop]

I was informed last niht that there was another winding up order against Shels by the Revenue commissioners in the notices section of the paper yesterday. Did anybody see it.

From this morning's Irish Times:

Revenue again seeks to wind up Shelbourne FC

Áine Coffey

The Revenue has petitioned to wind up Shelbourne FC for the third time this year over outstanding tax liabilities.

Revenue filed the winding-up petition last Wednesday and the case is scheduled to be heard in the High Court next month.

Earlier Revenue petitions were filed in March and in August this year to shut down the League of Ireland's most successful football club and recently-crowned league champions. On both those occasions, Shelbourne came to an arrangement to pay the monies due before the scheduled court hearings.

The previous Revenue petitions were against Accolade, a holding company behind Shelbourne, but the latest is against another corporate entity, Shelbourne FC, through which the club pays wages.

Ollie Byrne, chief executive and owner of Shelbourne, said that the outstanding tax would be paid in the next few days. "Don't worry about that, it will be sorted," he said.

"I will have paid nearly €1 million in taxes in a year. I will be the most up-to-date person in the history of football."

Mr Byrne said the Revenue is seeking payment of about €100,000 in "current taxes", as distinct from tax arrears.

He said that Shelbourne paid €104,000 to the Revenue last November/December in back-tax, another €300,000 earlier this year and €120,000 in October this year.

The March winding-up petition was dropped after Revenue and Shelbourne agreed a schedule of payments, but the Revenue returned to the High Court in August after Shelbourne defaulted.

"They wanted us to do it their way, which was not practical," Mr Byrne said. "You agree to get them off your back."

[pineapple stu]

Nothing on the Shels forum. Which obviously maens it's not true.

There is a nice thread saying that all other eL fans' attitudes towards Shels derive from envy though. Naturally, I'm deeply envious that UCD haven't had two winding up orders in the past nine months.

Although, you do have to acknowledge that higgins has a point when he notes that all previous portents of doom have for now proven wide of the mark.

Edit- cheers hoop. "They wanted to do it their way, which was not practical"?!?!?! This man has no place within Irish football - or indeed any business - and the sooner he's gotten rid of, the better. Phenomenal attitude.

There's surely only so long this can last?!

[Poor Student]

You have to feel sorry for the likes of Higgins. It's all smoke and mirrors at Shelbourne. Who knows what the hell is going on? This obviously can't be a good thing for them.

[Dr.Nightdub]

"They wanted us to do it their way, which was not practical," Mr Byrne said. "You agree to get them off your back."

Be interesting to see the Revenue's reaction to the second sentence in that quote. Ollie's just admitted in a national paper that he knowingly lied to them twice in the space of a few months. I can't imagine how that's going to encourage them to adopt a more lenient attitude or believe a word he says the next time they're in court.

[OneRedArmy]

I posted a few months back that I believed Shels were in breach of licensing due to their financial problems and that they deserved a points deduction, a la Rovers.

I'm personally digusted that the ostriches in Tolka can have the brass neck to accuse Derry of trying to win the League by "cheating" (Hargan and Dublin City) whilst they are doing exactly the same.

Philly asked what relevance Ollie's criminality currently hold, well your answer is in the quite in the IT article "They wanted us to do it their way, which was not practical," Mr Byrne said. "You agree to get them off your back." Zero respect for the law.

There'll be nobody happier than me when they hit the wall. I just hope Ollie doesn't find the monied fool he's looking for, God knows there are enough knocking around Ireland at the minute.

[OneRedArmy]

You have to feel sorry for the likes of Higgins. It's all smoke and mirrors at Shelbourne. Who knows what the hell is going on? This obviously can't be a good thing for them.Do you ********.

They are happy to cheer Ollie in the good times, they've made their bed so they can sleep in it.

Rovers are a prime example, their club was run by undesirables and they took it over and ran it themselves.

[Dodge]

Naturally, I'm deeply envious that UCD haven't had two winding up orders in the past nine months.
How envious are you of this third one?!

[Poor Student]

How envious are you of this third one?!

Naturally you're always jealous when someone achieves a treble.;)

[chippie0001]

Naturally you're always jealous when someone achieves a treble.;)


Jeez if I was a Rovers fan I would be deeply worried that they could get 4 in a row all in one year. It took Rovers 4 seasons to do it, Shels could do it with 12 months. Fair play :eek:

As for the new court action, I am sure Ollie will pay it again but he clearly does not have the money to run the club the way he wants to. Talk about not learning your lesson and continuely rubbing the revenue's nose in it. Some time they will have enough of the crap.

[Saint Tom]

the League of Ireland's most successful football club


who the **** said that?

[Mr A]

"They wanted us to do it their way, which was not practical," Mr Byrne said. "You agree to get them off your back."

Apart from zero respect for the law and the revenue, this has to make worrying reading for players waiting on wages to come through. Ollie's promises don't seem to mean too much.

I have no doubt whatsoever they'll get out of this though, but surely if licensing is for anything it's to prevent stuff like this?

Probably best that no one answers that.

[Réiteoir]

Be interesting to see the Revenue's reaction to the second sentence in that quote. Ollie's just admitted in a national paper that he knowingly lied to them twice in the space of a few months. I can't imagine how that's going to encourage them to adopt a more lenient attitude or believe a word he says the next time they're in court.

Would lying to the Revenue not technically be fraud?

[Réiteoir]

Apart from zero respect for the law and the revenue, this has to make worrying reading for players waiting on wages to come through. Ollie's promises don't seem to mean too much.

I have no doubt whatsoever they'll get out of this though, but surely if licensing is for anything it's to prevent stuff like this?

Probably best that no one answers that.

Sure, Delaney's only interested in going after the clubs who fill in their forms with red pen, rather than those who lie about paying their future tax bills :/

[OneRedArmy]

Would lying to the Revenue not technically be fraud?Yes. I would expect the Director of Corporate Enforcement to be having a sniff around. There are reasonably severe penalties for corporate fraud.

[dublin15bohs]

I was at the bohs end of season dinner last night and was speaking to Dessie Byrne, Stephen Ward, Joxer Kelly, Thomas Heary, Stephen Caffery and Jason McGuinness who all said they were speaking to Shelbourne players and they said to expect at least 10 players to leave and almost all the squad will leave if Fenlon leaves.

[BohsPartisan]

From what I hear Heary was pretty hammered so I wouldn't be taking anything he said as verbatim.

[chippie0001]

The weird thing about this wind up order is it is in the name of Shelbourne FC Ltd rather than accolade. Ollie must have transfered the business into this new company, while at the same time keeping the leasehold for Tolka in the name of Accolade thus seperating his asset. If I remember the Shels equivelant of the 400 club were going to buy shares in Shelbourne FC so that makes some sort of sense. I didn't think under licencing you could set up a new company but obviously you can.

[OneRedArmy]

The weird thing about this wind up order is it is in the name of Shelbourne FC Ltd rather than accolade. Ollie must have transfered the business into this new company, while at the same time keeping the leasehold for Tolka in the name of Accolade thus seperating his asset. If I remember the Shels equivelant of the 400 club were going to buy shares in Shelbourne FC so that makes some sort of sense. I didn't think under licencing you could set up a new company but obviously you can.Pineapple Stu posted something about the trading entity and the licensed entity from the CRO website at the time of the first winding up order.

I wonder did the directors who resigned earlier in the year know what shennigans he was up to and knew something was coming down the tracks they wanted nothing to do with?

Suggest some of the Shels fans buy Ollie a copy of the Companies Acts for Christmas.

[pineapple stu]

Shelbourne FC Limited's May 2006 accounts showed the company was dormant - 2 shares and E2 in cash. Don't understand how that would be the subject of a winding up order.

[chippie0001]

Shelbourne FC Limited's May 2006 accounts showed the company was dormant - 2 shares and E2 in cash. Don't understand how that would be the subject of a winding up order.

Maybe he has transfered the trade into that company since then and not paid the PAYE. :rolleyes:

[CollegeTillIDie]

Will there even be a Shelbourne next year? and if there is will it be a pale shadow of it's former self? With Limerick's difficulties and now Shels we may only have 19 clubs in the League come January!

[Philly]

It can't be all Ollie though. What about the board of Shels? They are rarely blamed for the clubs problems.

As for a third winding up order. What a joke. Maybe you're all right and maybe it is time for Revenue to actually wind them up now.

[pineapple stu]

Didn't the board of Shels resign en masse earlier this year?

[Philly]

Well there can't be just one man in charge of a limited company! There must be others.

[OneRedArmy]

Well there can't be just one man in charge of a limited company! There must be others.Smithers or some other yes man no doubt.

[Sam Savic]

Talks are still ongoing with sharing Morton Stadium with the IAA. What more info do you want ?

...

Clonliffe Harriers are the tenants in Morton Stadium. There have been NO TALKS YET between Clonliffe Harriers and Shelbourne FC about sharing Morton Stadium. Fingal County Council won't accept Shelbournes plans for Morton Stadium until they produce the money.
Shelbourne need to sell the lease on Tolka to survive. Dublin City Council won't let them do that until they have a lease somewhere else.

[pineapple stu]

Well there can't be just one man in charge of a limited company! There must be others.
Why can't there? All you need is two directors, and one of those can be a nominal one.

[manic da hoop]

It seems here that the City Council are trying (or at least be seen) to do the decent thing in protecting Tolka Park, lest they be accused of letting another Milltown saga develop. While it is indeed honourable of them to act in the interest of preserving the few remaining football grounds in the city, surely they must be aware that their actions are putting the very future existance of Shels in doubt. Personally I do not regard the imminant closure of Tolka as regretabble...to be honest I have grown to hate the place, despite having watched more football there than in probably every other venue I have attended put together. DCC can see for themselves that Shels have neglected the place for a number of years now, and will certainly not be putting any more than the very basic investment required from here on in until it's rusty, creaking gates are slammed shut for the last time.

It would appear that they (Shels) are between a rock and a hard place on this one, but sure they're champions, and as long as their fanbase is kept in constant supply of their crisps and fizzy orange their problems will continue to go unchecked by the few people who are supposed to care.