Exactly. The FAI don't want clubs to exceed 65% rule so they monitor monthly accounts against the agreed budget to ensure problems are spotted in advance. Galway United last year is the best example.Quote:
Originally Posted by Dodge
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Exactly. The FAI don't want clubs to exceed 65% rule so they monitor monthly accounts against the agreed budget to ensure problems are spotted in advance. Galway United last year is the best example.Quote:
Originally Posted by Dodge
Start laughing soQuote:
Originally Posted by Ezeikial
http://www.independent.ie/sport/socc...l-1739810.html
"LEAGUE of Ireland champions Bohemians have been hit with a transfer embargo due to overspending on players.
The FAI last night confirmed to the Irish Independent that the sanction had been placed after the latest set of monthly accounts filed by the double winners revealed that they are currently in breach of the Salary Cost Protocol."
Some of the Galway lads might be able to answer this one.
If a club has to release players to get below the 65% - can They just release players who are under contract. Obviously in the current climate there's not much hope of other clubs paying transfer fees or being able to match the wages that these players are on?
Can contracts be voided in these circumstances?
they are just releasedQuote:
Originally Posted by Buile Shuibhne
Mark Rossiter does not get wages from Bohs.
He took an insurance payout when his professional contract ended with Sunderland due to his knee injury. Therefore he cannot now recieve financial reward for playing football as this was part of the settlement.
He is paid big money for coaching instead of wages- another way of avoiding the 65% cap.
Pretty sure they can't just be released (without consent). I'd imagine employment laws over ride FAI protocols.
Transfer embargo when no club can sign players until July is pretty funny in fairness...
More coverage of this in the Irish Times:
http://www.irishtimes.com/newspaper/...246567972.html
Quote:
Club public relations officer Brian Trench admits the situation is serious, but maintains the club is working hard to address the “revenue side”, having already reduced the annual wage bill from €1.95 million to €1.2 million in recent months.
While there are considerable debts, it appears at least that the Revenue Commissioners are not a major creditor and he says the new board hopes to be able to brief the club’s staff and members on how it intends to move forward soon.
So even getting debt down to 7.5% of what it was, its still "considerable". Jaysus…
And they're wage bill is still €1.2 million
Where do you see that?Quote:
Originally Posted by Dodge
Ah balls I'm mixing up my Cork and Bohs doom stories again....
Hehehe, Dodge is all mixed up- thread title Mr Dodge, you're mixing up your financial basketcases.
Its changing to 65% of wages for ALL staff from next season,playing and non playing staff.Its currently just 65% for playing staff.I think they should put the change back a couple of seasons due to these hard times.
BTW-1.2 million is completly nuts.
"We are making every effort to get within the 65% rule..........I cant say what the chances of success on that will be .Im not going to put a bet on that."Brian Trench Bohs new PRO admitting last friday that Bohs are cheating and probobly wont stop.
The FAI transfer embargo is the powers that be saying we know your cheating and this will make it look like we are doing something about it.All emotion aside Bohs and Cork are cheats and both clubs have had ample opportunity to trim their wage bills to comply with the rule.
It's an interesting point. On the one hand the FAI want clubs to employ more off the field staff, but this measure will encourage them to ditch them to spend more on players.Quote:
Its changing to 65% of wages for ALL staff from next season,playing and non playing staff.Its currently just 65% for playing staff.I think they should put the change back a couple of seasons due to these hard times.
It would be better if the 65% (or whatever percentage) included all football related staff (coaches, managers etc) but not admin and commercial staff.
I disagree about putting it back though, the sooner and the the tighter the regulation the better.
Is there a suggestion that Cork aren't under it too?Quote:
Originally Posted by RoversHead
I think 1.2m is surprisingly low for Bohs given their team is full of experienced players. Obviously coaching thing gets around some of it. Probbaly only looking at average E50k or so for full squad as also nhave employer PRSI etc...Quote:
Originally Posted by eamo1
"We are making every effort to get within the 65% rule..........I cant say what the chances of success on that will be .Im not going to put a bet on that."Brian Trench Bohs new PRO admitting last friday that Bohs are cheating and probobly wont stop.
The FAI transfer embargo is the powers that be saying we know your cheating and this will make it look like we are doing something about it.All emotion aside Bohs and Cork are cheats and both clubs have had ample opportunity to trim their wage bills to comply with the rule.
"Club public relations officer Brian Trench admits the situation is serious, but maintains the club is working hard to address the “revenue side”, having already reduced the annual wage bill from €1.95 million to €1.2 million in recent months"
The impression here is that Brian Trench is saying that they have reduced their wage bill over the last few months - does he mean since the start of the season?
"In recent months" probably encompasses the pre-season? I think they have cut the wage bill since last season (through a combination of releasing players and reallocating wages). It's just not enough of a reduction.
More than a suggestion, Corks wage bill is a ticking time bomb but the issues with the proposed winding up of the holding company will do for them before that bomb goes off.Id imagin things are tight at Derry aswell and wouldn`t be surprised if they had a bit of a clear out fairly soon.As for Pats their recent gates would suggest more squad cuts to come soon, 65% of their income cant add up to much but unlike our deluded cheating friends in Dalymount they are at least attempting to play by the rules.Quote:
Originally Posted by Dodge