Dear Fintan Cassidy,
I extend a personal invitation to you, a man associated with one of Ireland's most prestigous and prominent clubs, to come forth and offer yours views on this topic.
Thank you.
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Dear Fintan Cassidy,
I extend a personal invitation to you, a man associated with one of Ireland's most prestigous and prominent clubs, to come forth and offer yours views on this topic.
Thank you.
Yes, youse are all right, as you were all along.
Doesn't seem any point in continuing now, 111 years come to an inglorious end. Sad, but that's life.
Can we come and support Cork, or maybe Bohs, now we won't have anything to do on Friday nights?
or a free ground paid for by the tax payers:rolleyes:Quote:
Originally Posted by northside hoop
Oh sweet Jesus, is that all you can come up with? Over the last year we have saved our club and it took blood, sweat and tears not to mention hundreds of thousands of euros. It was painful but not as painful as the previous 2 decades. You should be learning lessons from happened to us.Quote:
Originally Posted by sfc red
Now Bohs are about to put up an almighty fight for their club's future as are Pats. And I wish both of them well. All you lot can do is gloat when you are in no position to do so.
Wake up Shels fans.
KOH
Macy I responded to a jibe about attendance you gobsh!te!!!!!
Another thought -
If Revenue are bringing this petition (as they clearly are) it hints very strongly that the company is seriously insolvent. It also hints that Ollie (director) continued to trade while insolvent. This is an indictable offence under the Companies Acts and could well lead to him being banned from acting as a company director for a period (could even lead to a jail term if it's bad enough, but that sounds unlikely given the company was solvent up to May 04 according to the Auditors' Report). If Shels, in the worst case scenario, do go bankrupt, I'd say Ollie won't be allowed near them if they reform and take their own place in the league (probably elected to the Premier on marketability grounds:rolleyes: ).
POTM............Quote:
Originally Posted by Vitruvian Man
Great news as long as they don't go out of existance as such!
Sheliban, you're more than welcome to the Cross.
Sure, drag Ndo and Kearney down with ya!
Jayo should be left to lull over his poor decisions.
im just wondering, why, outside of this forum, has this not been mentioned anywhere? are we getting ahead of ourselves here, when rovers hit the rocks it was all over the news, why not so now?? if that petition was published, its not as if it isnt known to at least the paper it was published in...
Good point monkey magic.
Do this crowd have a little stake in Shels or ARE they Shels?
And if they are, what does that mean?
Ollie and his crew out and a mass sell-off of the squad?
Quote:
Originally Posted by WeAreRovers
Turn up, vote no, wave bye bye to John "Oscar Wilde" Delaney and Ollie Byrne. That's if it even goes to a vote. Not that much of a fight. ;)
Judge for yourself :)
http://www.iol.ie/~bohsfc/accolade_auditors_report.pdf
this is downloadable from the CRO website.
Employee cannot work until a different company is granted a work permit bby Dept. of Enterprise, Trade and Employment. It would be treated as a fresh application. new company would have to prove that previous holder of work permit (old company) was no longer trading and had been wound up.Quote:
Originally Posted by Peadar
I think the reason why shels fans are not posting is because they don’t fully understand what's going on. Seems like there is very little detail out at the moment and unlike all you lot who are just dying to see shels go bust and are making up stories its probably best we wait for more info.
Already from the small news item the theory is that shels have another company name on their licence :)
Your all reading too much into things at the moment, I'll wait for the press release tonight before I comment either way.
As close as you lot will get. ;)Quote:
Originally Posted by Jaime
KOH
All this is a bit over my head. in lay mans terms are Shels in serious risk of going bust ?
I would assume that this is not too public yet as Shels unlike Rovers when it happened to them are not making it public. Sports journo's don't go to the high court unless they know in advance and neither the revenue or Shels made it public. Its only public now as the Revenue have had to make is to after the first hearing and before th next. Also even now most journo's/ fans would now know who/what Accolade were, there is no direct reference to Shels as such. However as the CRO/ auditors report/ players contracts show accolade is Shels and still is, so being threatened to be wound up has to be some what serious.
I am sure there is some reason for this but for it to go to these levels is crazy. I know Bohs/Pats and Shels were all audited by the revenue earlier this year, I know in our case we had to pay a lot and agree to pay the rest and action was nearly taken. But for it to go to this stage, Shels either are not playing ball or making a point. And its a dangerous game to play to make a point. Still cannot fathom how Accolade has a current TCC yet the revenue are trying to wind it up. They just don't sit right with each other.
One of directors paid a six figure sum to revenue to basically save us. A repayment plan was agreed (and has been adhered to) we obviously still owe them a fortune but we're on the right road...Quote:
Originally Posted by chippie0001
:eek: :eek: .Quote:
Originally Posted by Dodge
I thought the revenue only sought winding up orders on companies that were seriously bankrupt? I think the Revenue usually work with the companies to help them be solvent in the future?
I don't see that this has implications necessarily for Shels to continue to exist as clubs have aften closed one company & sold contracts to another company. However this was all before the Uefa licencing & seems a lot of questions to answer based on that & the biggest one is...
- How did Shels get a club licence this season?
Reallys smacks of Rovers deja vu to me. FAI club licencing clearly a complete joke. Who audits the company accounts?
Seems minimum 8 point deduction like Rovers last year.
Quote:
Originally Posted by Macy
the groundshare had fukk all support up until now so it will have even less now from any Bohs member.
There is no chance of the groundshare happening unless something major happens
Quote:
Originally Posted by higgins
this isnt a news story, its in the Legal Notices section on page 33 of the Irish Times, from the Revenue lads in Llimerick who do all the revenue dirty work.
Shelbourne's trading company have a winding up order and we are reading too much into it. Is there anyone in Tolka Park with a sense of reality or are you all this deluded
The facts are basically as follows -Quote:
Originally Posted by Block G Raptor
(a) Accolade Limited have had a winding-up petition served on them.
(b) Accolade Limited are registered in Tolka Park, have Oliver Byrne (and one or two others) as directors and shareholders and trade as Shelbourne FC (a search on the CRO will reveal this).
(c) If the winding-up order is successful, a liquidator would be appointed who would have to (a) stop the company trading to safeguard the existing creditors from further losses and (b) sell all its assets to pay off as much of the debts as possible. Shels FC would have to reform - AFC Shelbourne in effect - and re-apply for league status (they'd probably get straight into the Premier under marketability and John-Delaney-friendliness criteria...). Ollie - and the other directors - would quite possibly be restricted at least, and banned as acting as a director if this is serious enough (and continuing trading as a company when you know it's insolvent is an indictable offence), which would mean Ollie could (nominally) take no part in the new Shels.
(d) The directors will have known about this for a long time and will have been in talks with Revenue. They'll also have had previous agreements with Revenue over payments of late tax - usually on an instalment basis (i.e. take the tax you owe and agree to pay it off in ten monthly direct debit payments).
(e) Revenue will have given Shels every chance to show they can get out of this. They don't want to liquidate companies - it's bad for the economy and it means they won't get any tax in future. If they're serving a petition, it means they don't believe Accolade Limited is in a position to continue trading.
Unfair to Higgins who is at least trying to find out whats happening.Quote:
Originally Posted by bohs til i die
Agree with the general point though.
Chippie andPete's point about licensing is the most pertinant in footballing terms.
If they would have known as much in advance as Pineapple says (and I trust him being an accountant) about these financial irregularities, difficulties or whatever, how the hell did they get the licence? In Slovenia a few years ago, the football association the NZS, told all clubs in this type of situation to feck off and the 5th placed team ended up in the UEFA Cup and even lower in the Inter Toto. Shels should have no right to compete in the Inter Toto in this state, let alone our league. That's if club is connected to Accolade as is believed.
It definitely is connected. There is absolutely no doubt about that. Looko at the link Peader posted. According to the Dept. of Enterprise, Trade and Employment it is "Accolade Ltd trading as Shelbourne FC"
It was more of a disclaimer than anything in case I put my foot in it.;)Quote:
Originally Posted by Dodge
I assume the work permit is Ndo's?:confused:
Nobody is posting any reasons as to why this has happened.
Ollie did state last season he would not pay a cent more to the tax man on the grounds of what Shamrock Rovers got away with. Now rightly or wrongly Im not convinced as of yet that all this is out of Ollies hands.
I think morally what Rovers got away with was shocking (please dont open the debate up again) but I am sure Ollie would have no problems doing what is best for shels and he wouldnt give two hoots how he does it.
Could be all wrong and shels are screwed but on the information we have to date its hard to understand why this has come about.
Reckon Ndo would have acquired EU citizenship somewhere along his meandering career path. Maybe it's Ollie Cahill or Kearney who require work permits, vaccination records etc. :DQuote:
Originally Posted by Poor Student
It's for Greg O'Halloran or course. :DQuote:
Originally Posted by Poor Student
Liam Kearney has a student visa so he doesn't need a work permit.
Seriously though, the reason this isn't in the news is because the press haven't had a chance to get their heads round it since none of them are as sharp as our boy chippie0001. ;)
We had a Bulgarian trialist in a friendly some weeks back so Im not sure what the laws are regarding that...
Actually not me, I got a phone call so no credit to me at all. All Bohs fans are well trained in tax and legal matters at this stage. It goes back to Vitruvian man earlier we are all conspircay theoriests :cool:Quote:
Originally Posted by Peadar
Its definitely Ndo's.
And by conspiracy theorists you mean geeks.Quote:
Originally Posted by chippie0001
:p
Quote:
Originally Posted by higgins
what Rovers did last year was morally wrong but legally ok.
The revenue are looking to wind up accolade Ltd because presumably the revenue are owed a fortune by Accolade.
Sure all el fans are geeks, did no one tell you :eek:Quote:
Originally Posted by Dodge
Well it not like half these journo actually come up with something themselves, filthy low-life some of them. Of course they'll be thrawling the net trying to piece all this together, parasites !!Quote:
Originally Posted by Peadar
You'd think with all the clever legal minds we have on here that we'd also have someone with a scanner and a copy of the Irish Times.
Course not. The defining characteristics of geeks are that A: They don't know they're geeks and B: They only associate with other geeks.Quote:
Originally Posted by chippie0001
Just go out and buy the paper (or even look at p33) you lazy git...Quote:
Originally Posted by Risteard