Limerick, Athlone and Kilkenny

[jebus]

its been said before to limerick fans, why not set up a supporters trust, The Gufc trust contributed about 42-45k this year to its club. Dont forget this excludes the season tickets they buy, the people they drag to games with them and other promotion like posting posters etc and stewarding activities they involve themselves in. It can be the difference between staying afloat and going under.

You would never be able to get Limerick people to hand over money to a senior football team in Limerick after what happened with Fr Joe Young, simple as that, it's one of the reasons we haven't been able to draw back a lot of the old support from the glory days, there's just too much dislike and mistrust towards the club. Ditto trying to get JP McManus on board, The Priest put the skids on him helping out again the last time JP gave money to the club

[atfconline]

We just have to get through the licensing. The ground is worth over 10 million so €50k isn't an issue.

IMHO it is the best thing that has happened to us as it will show we can't buy a team and that the club can't survive without being part of the community.

Ground cannot be sold by the Club. If it is, a lot of people get money before the Club does.

[Battery Rover]

Agree with you there atfconline but with an asset like that there is no way the club could fold

[The Man Himself]

You would never be able to get Limerick people to hand over money to a senior football team in Limerick after what happened with Fr Joe Young, simple as that, it's one of the reasons we haven't been able to draw back a lot of the old support from the glory days, there's just too much dislike and mistrust towards the club. Ditto trying to get JP McManus on board, The Priest put the skids on him helping out again the last time JP gave money to the club

limerick never had a big following in soccer ever since they left the markets field (early 80s),
with rugby and gaa so big in the city its hard to see people coming out and supporting the soccer team, i think its dooms day for eircom league football in limerick.

[Lim till i die]

The Gufc trust contributed about 42-45k this year to its club.

And we contributed I would estimate about 15k to our club which when you consider the relative sizes of budget/time we had to organise was bloody good going IMO

Fat lot of good they managed to do with it.

[A face]

Ditto trying to get JP McManus on board, The Priest put the skids on him helping out again the last time JP gave money to the club

What happened there?

[Lim till i die]

limerick never had a big following in soccer ever since they left the markets field (early 80s)

Not True


i think its dooms day for eircom league football in limerick

Has anyone on Foot.ie ever cared what The Man Himself thinks??




All this hysteria based on one crap $hit article which is lacking in even most basic facts.

50k shutting the club down FFS :rolleyes:

Someone above described Limerick as a never ending saga. Fair Comment but through all the garbage how often has the club actually folded for financial reaons.....

[Lim till i die]

What happened there?

A man and a bag of money went to America.

Only one returned*














*Apparently such is the rumour. This of course is not the opinion of LTID or any of his subsidiaries

[KevB76]

What happened there?

http://www.rte.ie/sport/2006/0728/limerickfc.html

[Tommydaf]

is it true ger finnan is gone? these rumours are starting top get outta hand:mad:

[galwayhoop]

We just have to get through the licensing. The ground is worth over 10 million so €50k isn't an issue.


the ground may be worth (or cost) that to Athlone Town football Club. Hard to see it having that value to anyone else.

How many acres in total are owned? is the land zoned? would the site be attractive for development (i wouldn't have thought it was that attractive tbh)??? have you not read the papers/listened to the radio/watched TV for the past year??? the economy is not as sh1t hot as it recently was and the days of developers splashing the mad cash are gone (for the time being at least).

how much do ye owe for construction/purchase to this point, surely ye have creditors who would need satisfying!! Selling/mortgaging a clubs fixed assets (if ATFC own the ground) to satisfy an operating loss would surely be the beginning of the end!!!

i know nothing about ATFC's financial problems (or lack thereof) but to blankly say our ground is worth €10m and we only owe €50k is a tad naive.

[Battery Rover]

The ground is fully owned by the club. A total of 10 acres is owned and the land would be attractive to developers as it is beside the Town bypass, 400 home housing estate and a new school which is being built beside it and as far as I am aware a golf classic along with a Valentines Ball held by the stadium committee covers the construction cost payments per year.
It would never be sold anyways as it is held by the stadium committee which is a totally seperate company to the club itself.

As for land value round Athlone a farm of 50 acres about 1 mile away sold recently for close on €70m after being withdrawn from auction at €50m and it will get even worse there due to the fact that Gormley is bringing out new planning guidlines for gateway towns which according to our local press will see a construction explosion on the leinster side of town.

As for the €50k have heard since the amount is only about €20k and not tax as the papers state but it will be paid on the 20th of this month by the committee

[chopper harris]

The paint isn't even dry on the new stadium and and it's been put forward as some form of collateral against for a loan for next years budget and 07s loss c/f?

The site is certainly valuable but Delaney isn't/shouldn't/won't let the land and buildings go against the debt and therefore the balance sheet should never be put forward as a reason for ATFC not to go bust.
The committe put the club in loss whatever it is and should therefore be liable in the event. They should not have limited liability. I am glad to hear the debt will be sorted by the commitee, personally, after all they invested my season ticket money and should take the fianancial responsibility/liability. If footbal clubs were bonafida business courts would have the majority and their directors for reckless trading.

as for Limerick and Kilkenny, don't know where EL Div one is going.

[atfconline]

As I already said, the stadium cannot be sold, it is a condition of the government funding.

Two of the ten acres, the car park, belongs to the council. The other eight belongs to Athlone Town Stadium Ltd who technically rent the ground to Athlone Town FC.

On top of that, there are plenty of green field sites around the ground.

[ramsfan]

would be a shame if athlone were in trouble cos there stadium has the makings of a top class arena with a bit more work, that and kilkenny are great places to watch a game

[chopper harris]

Anyone an accountant?
I read today that Athlone in particular owe 65K which is made up of 15 - 20K in players wages for last season and the remainder to the revenue. Does anyone know how a club that made no money last year owes the revenue?

If the answer is VAT, how and what is VAT charged on? Are Gate receipts liable? I can understand takings at the bar and club shop for merchandise etc but if you consider ATFC will be paying VAt on coach hire, materials for the gropund such as petrol for mower and other expences you would imagine a VAT liability (if this is what it is) could be offset against vat on expences. We turnover a bit less than two mil where i work and pay less that 100k VAT pa.Thanks.

[Ronnie]

Anyone an accountant?
I read today that Athlone in particular owe 65K which is made up of 15 - 20K in players wages for last season and the remainder to the revenue. Does anyone know how a club that made no money last year owes the revenue?

If the answer is VAT, how and what is VAT charged on? Are Gate receipts liable? I can understand takings at the bar and club shop for merchandise etc but if you consider ATFC will be paying VAt on coach hire, materials for the gropund such as petrol for mower and other expences you would imagine a VAT liability (if this is what it is) could be offset against vat on expences. We turnover a bit less than two mil where i work and pay less that 100k VAT pa.Thanks.

Its PAYE - its the tax they owe on players wages.

[chopper harris]

Thanks Ronnie. Can't wait for the open forum they have!

[passerrby]

was there not a rule that says you cannot sign any new players until outstanding wage bills were met. seem to remember this a few sesaons ago and if so will this be a problem for athlone or limerick

[Battery Rover]

was there not a rule that says you cannot sign any new players until outstanding wage bills were met. seem to remember this a few sesaons ago and if so will this be a problem for athlone or limerick

Yes thats true we are forbidden to even approach any players until this is sorted out and according to what I have heard this will be by the 20th of this month.

[Battery Rover]

Thanks Ronnie. Can't wait for the open forum they have!

When is this on?

[chopper harris]

Dont they have a q & A with the manager and a committee member or two as a PR thing early on in the season? They did with John Gill and Socksey as far as I remember. If the don't i stand corrected. Also If they don't they should and I I'm not sure the AGM is the right place for it.

[Ash]

Dont they have a q & A with the manager and a committee member or two as a PR thing early on in the season? They did with John Gill and Socksey as far as I remember. If the don't i stand corrected. Also If they don't they should and I I'm not sure the AGM is the right place for it.

They had one with Giller where he said he would stay with the Club.
That was one of the last times the Committee spoke to him and he
later joined Dundalk.

Socksy held an internet forum which about 5 people logged into, but credit
to him for taking part

[Battery Rover]

Dont they have a q & A with the manager and a committee member or two as a PR thing early on in the season? They did with John Gill and Socksey as far as I remember. If the don't i stand corrected. Also If they don't they should and I I'm not sure the AGM is the right place for it.

John Gill has one of them everywhere he goes to suck people in with his sweet talk.

The one with Mickey was just a once of as he offered it on the way to a match. The AGM from what I hear will be at the start of February and any problems people have should be aired there as it is probably their only chance to get things across in an official way.

In case you dont know we also have a forum here (http://www.irishfootienetwork.com/viewforum.php?f=5) and the committee do read that one.

[sniffa]

How are Dundalk financially? They must have had a big wagebill last season.

[holidaysong]

The club was bought last year by local businessman Gerry Matthews so are finances are secure.