Daily Mail January 3rd

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Originally Posted by bohs til i die

- Shels loaned €6.5 millionsince 2003 by Cafello, Kilkenny and O'Reilly
- Half of that figure was given to the Donnelly family to buy their share-holding in Shelbourne FC

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In case anyone is wondering, this is particularly interesting.

It means that Shels burnt through a real chunk of the money they will get for selling the lease to Tolka 4 years ago.

The €3.25 million they presumably invested in wages and running the club and given recent developments with wages and the taxman, obviously ran out fairly quickly.

It is patently clear Ollie gambled the clubs future on short-term success and appears to be reaping the obvious consequences of this.

And the man still thinks he has a role in the club going forward?!?! Absolute madness.....

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Originally Posted by bohs til i die

- Shels in talks with Morton Management Committee but would need to invest €10-€15 Million to upgrade stadium

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These talks have been dragging on. The reason is that MSMC (Fingal) want the money up front before agreeing to allow Shels in. And then there is the problem with the sitting tennants Clonliffe Harriers.

Dundalk might get promoted yet!

yip shel's in a right mess now. dont agree with wws that shel's implosion is good for the league. far from it. it's more bad news for the league. shels can b held up as an example of how not to do things but clubs in the league shouldnt need a reminder - been plenty of examples all through the years.

lso if shels get crushed in europe they'll be affecting the hard earned co-efficient that has been building up nicely. not sure if it'd be affected much but still.

no shels demise is bad for the league no matter which way u look at it. hard to see em recovering from this.

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Originally Posted by Dodge

In fairness on the Shels MB, most of them are panicking like hell. Even higgins...

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Sounds like a case for Magnum PI... :cool:

The loaned 3.25m figures sounds accurate enough given previous figures bandied about. Thats a lot of money to spending on keeping the boat afloat on the Tolka.

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Originally Posted by OneRedArmy

The €3.25 million they presumably invested in wages and running the club and given recent developments with wages and the taxman, obviously ran out fairly quickly.

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They were reported to be losing a million a year earlier in the season (at the time of the ground share talks with Bohs), so in that case, the money's all gone, which is why they're going belly up at the moment.

What odds on Shels getting relegated next season, incidentally? Down to about ten first-team players from last season, many of whom are linked with moves away, no manager, and you'd be mad to take either a managerial or playing job given their recent history. They'll possibly be left with an U-21 squad, and even then, the U-21s went on strike last season over lack of pay and forfeited a league game, so some of them will want away as well.

I can quite conceivably see them doing a Waterford or a Rovers (not as dramatic, but same nett result) next year. Then this coming year will see crowds drop and no European qualification, which would mean further tightening of the purse strings.

And what are the FAI doing about all this with their nice licencing system?

6.5 million surely?

neutrino - its great for the league

you either build on sound principles or you are defrauding everyone (theres a load more still doing exactly waht shels done) - hopefully an utter collapse of shels will force change on the rest - real change rather than delaney speak PR búllshít

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Originally Posted by bohs til i die

- Shels loaned €6.5 millionsince 2003 by Cafello, Kilkenny and O'Reilly
- Half of that figure was given to the Donnelly family to buy their share-holding in Shelbourne FC

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Money given to Shels, used by Ollie to buy out the Donnelly's shares, which he then signs over to himself?

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Originally Posted by neutrino

yip shel's in a right mess now. dont agree with wws that shel's implosion is good for the league. far from it. it's more bad news for the league. shels can b held up as an example of how not to do things but clubs in the league shouldnt need a reminder - been plenty of examples all through the years.

lso if shels get crushed in europe they'll be affecting the hard earned co-efficient that has been building up nicely. not sure if it'd be affected much but still.

no shels demise is bad for the league no matter which way u look at it. hard to see em recovering from this.

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i think your confusing short term ill-effects with long term gain.. i for one dont want to see shels go bust, but the league needs rid of ollie byrnes and his like( see also the old rovers administration and limerick fc's one..) frankly the kind of reckless abandon shown by shels over the last few years is shocking, and it appears its gonna take a shocking fall from grace to wake up the tolka park faithful up to whats been goin on at the club:ball:

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Originally Posted by Student Mullet

Surley that can't be true. The UEFA License requires payments to players be up to date.

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Unless the players have consented to it in writing and unless the debts are more than a year old.

So if Shels don't do something in the next 46 weeks, they could be looking no licence for 2008!

Effing FAI morons.

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Originally Posted by bohs til i die

- Shels 99% owned by Accolade

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Accolade Limited is Shels. You can't own yourself. Accolade is 99% owned by Ollie though.

No mention, of course, of Shelbourne FC Limited, the crowd the Shels SSDG were suggesting putting their money into.

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Originally Posted by Dodge

In fairness on the Shels MB, most of them are panicking like hell. Even higgins...

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I've been calling for some reality for years....

I welcome all these players leaving.
It's not nice knowing we are going to be a shadow of the team we were but it's important we stop overspending.

Although I try and calm you lot down about every Shels story I've never claimed the club was doing business like it should be.

I'm happy the way things are going this season :p

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Originally Posted by higgins

I've been calling for some reality for years....

I welcome all these players leaving.
It's not nice knowing we are going to be a shadow of the team we were but it's important we stop overspending.

Although I try and calm you lot down about every Shel story I have never climed the club was doing business like it should be.

I'm happy the way things are going this season :p

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What about the big pink elephant in the background?

Unless you lot realise you have no future under Ollie and start working to install a proper administrative and governance set-up you are wasting your time and your recent titles will be as relevant as Drumcondra's.

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Originally Posted by passinginterest

Dundalk might get promoted yet!

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No they won't, we're next in line! :D
(Before you ask, 13th in the pecking order.)
Though we are now resigned to (a brief) life in the graveyard and would appreciate not being emotionally f*cked about like this Ollie!

Oily kinda reminds of Mr. Burns when he talks of investors.

Simpsons on this morning...
- Homer shoots a pig out of a cannon or something
- Mr. Burns says to Smithers that he'll donate 1m to charity....when pigs fly
- Pig shoots across the sky
- Smithers asks if he will be writting the cheque now.
- Mr. Burns "...ahhhhhh i don't think so..." :D

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Originally Posted by stann

No they won't, we're next in line! :D
(Before you ask, 13th in the pecking order.)
Though we are now resigned to (a brief) life in the graveyard and would appreciate not being emotionally f*cked about like this Ollie!

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Think you'll find that Harps were 13th.

Won't matter. Shels will start the season.

Looking forward to a good 1st Division campaign this year. Judging by the signings you have made, and Dundalk, it will be a good one.

Our new manager, getting Breen and Gethins to return and some quality signings coming in, we won't be too far away from going up.

"im next im next we were here before you " sorry lads the bus is full and heading for a cliff

If i was a Shels fan i'd be frustrated at the silence coming from Tolka. they are being left totally in the dark as to whats happening. it must be really annoying. At least when we were in our times of trouble, we knew wot was going on and were able to help and start raising money. I think its about time Ollie let the REAL Shels fans know what exactly is goin on

very true ctid but i still believe that reports of the demise are greatly exagerated and while i would not liken them to a phoenix rising from the ashes they are more liken to be a turd resufacing after flushing

Id say they are very close to the edge as most papers wouldnt dare print anything before but my guess is olly wouldnt get a solicitor to take a case now without money upfront.

The PFAI and the FAI need to get this mess sorted out now its only a fortnight before the participation agreements have to be signed!!!!!!!!!

Hopefully they go bust, leaving Derry into the Champions League, and Pats into the UEFA.

I honstly don't think I'd stop laughing