Wage cap explained

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15/01/2008, 10:56 PM
sullanefc

Quote:

Originally Posted by pineapple stu

Directors' investments appear to now have to be in the form of buying a jersey for a couple of mill, with no shares or loans allowed.

They don't even have to buy a jersey. Investmets are allowed so long as they don't have to be paid back and can be spent however the club want.
So you are wrong.

I don't see much in this that the big clubs should be afraid of. Its clear there are a lot of UCD fans concerned by this judging by the number of posts.:rolleyes:
It's quite sad that it seems the UCD fans' sole purpose is to drag the rest of the clubs down to their level. Be it wage caps or AIL leagues, they have to fault anything that is progressive.
16/01/2008, 7:01 AM
Bald Student

Quote:

Originally Posted by sullanefc

Be it wage caps or AIL leagues, they have to fault anything that is progressive.

If you look a little bit closer you'll notice that all the UCD fans so far are in favour, we like to think of it as dragging you up to our level.
16/01/2008, 11:32 AM
pete

UCD could have trouble justifying their revenue i.e. grants from college not included?

I think you can get around this with offering bonuses to players as they only paid out if successfully & usually success means increased revenue. If bonus = 65% of extra revenue (e.g. prize money) then all ok?
16/01/2008, 11:47 AM
DmanDmythDledge

Quote:

Originally Posted by pete

UCD could have trouble justifying their revenue i.e. grants from college not included?

We don't get grants from the college, although you already knew that.
16/01/2008, 12:21 PM
Poor Student

Quote:

Originally Posted by pete

UCD could have trouble justifying their revenue i.e. grants from college not included?

How? Grants that are ringfenced against specific expenditure don't count and we only spend grants on the things they're actually intended for. If the college does want to add money to the club budget they'll do so without looking for it being paid back or as an equity investment and thew club's management would be free to spend it. So, how does this affect us exactly?

I think we do get an annual stipend from then college but it amounts to less than 10% of our budget but then again they do own the club and can put money into it if they wish.
16/01/2008, 12:46 PM
KevB76

Quote:

Originally Posted by pineapple stu

Directors' investments appear to now have to be in the form of buying a jersey for a couple of mill, with no shares or loans allowed.

Quote:

Originally Posted by sullanefc

They don't even have to buy a jersey. Investmets are allowed so long as they don't have to be paid back and can be spent however the club want.

I would imagine investments such as shares and loans are still allowed, its just that they dont count as income when calculating the wage cap.
16/01/2008, 12:53 PM
Schumi

Quote:

Originally Posted by KevB76

I would imagine investments such as shares and loans are still allowed, its just that they dont count as income when calculating the wage cap.

Sure but increasing the wage budget is the usual reason why people invest money into football clubs.
16/01/2008, 1:44 PM
OneRedArmy

The rules only become relevant if all payments and revenue going through clubs are booked and declared.

I have zero confidence that this is the case, which if true, would make the rules about as watertight as a sieve.
16/01/2008, 4:09 PM
pineapple stu

Quote:

Originally Posted by OneRedArmy

The rules only become relevant if all payments and revenue going through clubs are booked and declared.

True, although given the fact that Revenue last year audited pretty much every club in the league for that exact reason, clubs will probably be a lot more wary about pulling that trick. Not saying it won't happen, but it's some deterrent anyways.

Quote:

Originally Posted by pete

A while back Arkaga were saying that offering players lower basic wages and good performance based bonuses would be a way around the wage cap.

No, that'd work. Pay the players more if the club earns more (e.g. by getting past a round in Europe or winning the league). Makes sense.
16/01/2008, 5:16 PM
Bald Student

Quote:

Originally Posted by pete

UCD could have trouble justifying their revenue i.e. grants from college not included?

That's probably depend on whether non eL football counts towards the other 35%. There's plenty of soccer played in UCDD.
16/01/2008, 6:17 PM
S�C

What about loans already outstanding and the lack of interest being paid on such loans?
16/01/2008, 8:06 PM
sullanefc

Quote:

Originally Posted by Bald Student

we like to think of it as dragging you up to our level.

haha, don't make me laugh. :D UCD are rooted firmly to the bottom of the eL food chain. There are no clubs below ye that need to be dragged up to your level. With the exception of Kilkenny maybe.
17/01/2008, 4:21 PM
The Man Himself

they should have done this years ago and shels wouldnt be in the shyte they are.
17/01/2008, 4:38 PM
p�l-dcfc

Quote:

Originally Posted by The Man Himself

they should have done this years ago and shels wouldnt be in the shyte they are.

But sure wasn't it sorta fun watching them implode?
17/01/2008, 4:42 PM
Saint MacDara

But it wasnt fun watching them win the league!
17/01/2008, 4:48 PM
p�l-dcfc

Very true. :(
17/01/2008, 5:01 PM
John83

Quote:

Originally Posted by sullanefc

haha, don't make me laugh. :D UCD are rooted firmly to the bottom of the eL food chain. There are no clubs below ye that need to be dragged up to your level. With the exception of Kilkenny maybe.

10, 6, 9, 12, 10, 6, 7, 10, 4, 6 are the places we finished in the 22 over the last ten years. Bottom my hole.
17/01/2008, 5:36 PM
Bald Student

Quote:

Originally Posted by John83

Bottom my hole.

Does this count as a pun?
17/01/2008, 6:44 PM
pineapple stu

Wait... - am I for this or against it? sullanefc's insightful comments have me confused all of a sudden...
17/01/2008, 8:56 PM
sullanefc

Quote:

Originally Posted by John83

10, 6, 9, 12, 10, 6, 7, 10, 4, 6 are the places we finished in the 22 over the last ten years. Bottom my hole.

I'm not talking about league placings ;)

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