Totally agree with my colleague here. The thread is about the financial status of the clubs in the league, not the economy
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Well overall crowds are poor and players are overpaid. St Pats, Cork, Bohs and Drogs have very good players but there are hardly a good 11 amongst all the other clubs put together including Derry,Sligo And Shamrock.
In fact I suspect that many of the teams are like Harps, out boozing half the time and getting paid professional wages.
The prices into matches seem too high for a start and what is the story with having matches on a Friday night? :confused: Any clown would tell you that Saturday night games get bigger crowds, especially outside the capital. :rolleyes:.
there was no financial survey just guesstimate by some hack jurno with a friend with an agenda
Whatever about the top full time players getting paid a lot some part times are definitely doing better. Even at E500 a week on average 40 week season is 20k which is good money for training 2 nights a week & 1-2 matches. Might even be net tax. If they were playing non-league would put in as much effort.
Seems like its spreading.The Stars back page says Cork Players havent been paid for 3 weeks and they owe €800k to their Creditors including the Taxman.
Not the worst article I've ever read about the league, though ultimately it said nothing we didn't know anyway. The top four are losing ridiculous sums of money, the solution to which is to get rid of everyone else and only have Dublin derbies it seems. Nothing major is going to happen until the top four get a reality check though.
Interesting that Shels, the most cooperative club, are apparently still drawing down the lease on Tolka. Wonder what our friend higgins would say? :p
From the bit about the "ground situation", where it said Shels were exploring their options but still drawing down the lease on Tolka.
Surely if they haven't being paid for 3 weeks thats an automatic points deduction?
The wages Cork are paying out are crazy. Gamble on over 3000 euro per week. Its laughable. Clubs, north and south, should be going together to put in place a wage cap. Its ridiculous to have 2 or more clubs within the same league bidding players wages up. The players here are simply not good enough to be doing that. At least Paul Cook brought in quality foreigners. Its about time Irish clubs looked for quality foreign players rather than offering basic Irish players more and more money.
I read the article online - link in the first post of this thread.
No mention there of 'ground situation'
Well, it's more the size of the amounts due (obviously if it's true, blah blah blah)
Been told by a very good source that our players are paid fortnightly and all that happened was, because it of the bank holiday weekend, the money was late going through.
Sounds plausible. Wasn't it a payroll administration error that led to similar reports about Bohs not paying players?
Still worrying if the debts are mounting up that much for Cork. The top four clubs might have the best players but they're not going to sustain it very long running up losses like that. The likes of Derry and Rovers who are committed to working within their budgets are the clubs that deserve success.
I have it at home, though won't be able to post it up until Monday. If someone wants to do so before, fire ahead.
Basically, it summarised every club under a few headings -
Turnover (half were "unknown")
Manager salary (everyone unknown except for a couple who gave details for the whole backroom staff)
Weekly wages (E50k for Pat's, E32k Bohs, E30k Cork, Drogheda unknown, the rest around E9k (Sligo) to E15k; First Division from E4k (Limerick) to E12k (Dundalk)
Highest earner (mostly unknown; Cork E3k "approx"; nothing concrete though)
Ground situation (e.g. own ground, rent from council, impending legal case)
Sponsor situation (name and how long's left)
Attendance
Ticket prices
A lot of gaps in it though. Presumably the Indo sent out a form to the clubs and collated what they got back.
Pat Kenny explains it on the back of todays Evening Echo as well as the news that we've paid our 200K PRSI tax bill.
Quote:
The clubs new CEO Pat Kenny confirmed today that the outstanding tax bill had been paid and the players, who get paid fortnightly, would be paid up either today or tomorrow
"The players were not paid this week but that was all down to a delay in the transfer of cash from England into our account here and the August Bank holiday complicated matters."
"The bank were processing the money yesterday and the players will have it later today or tomorrow at the latest" he added
"Theres not a club in Ireland who don't have financial problems, but we've sorted the tax bill this week and we are in advanced talks with Hummel" said Kenny
Doesn't sound hugely positive really. Sounds like they still have problems and were waiting on the money from Sunderland to pay the wages.
City players wages are just one week late.
Wages to be paid this weekend as payroll mistake between UK (no bank holiday) & Ireland.
A good indication that a football club is having cash flow/financial problems is when it goes into debt to its gear provider and the FAI. What has happened in the past was that clubs were selling jerseys and tickets for international games and using the money to run the club. When that starts, the club is on a slippery slope.
involved in the construction industry 25 years,drogheda,bohs deals are dead in the water,no bank would finance these projects now,they are currently looking for revaluations on all landbanks that they are exposed to at present.if ure lucky enough to be sitting on a pile of cash at the moment,you can get 6-7%,no sweat.show me any property deal with a guilt edged return like that.
Bohs situation seems the worst with the contracts allegedly unsigned and Liam Carroll looking for his monies advanced back. Sean Connors case is due up soon and I can see him getting a hefty payout.
Don't think it's quite that simple to be honest. For one, the Echo part is surely (in part at least) an attempt to defuse the situation and shouldn't necessarily be taken 100% at face value. Also, it shows how close Cork are operating to overdraft limits if they don't have what - E60k? - to pay two weeks' wages. I work in accounts, and on the one occasion where we had cash flow problems, we busted a gut getting as much money in as possible make damn sure the wages wouldn't bounce. So either Cork are very unprofessional and lax about paying wages, or there's more to this than you're making out.
Plus if they're struggling to pay the wages now what's it going to be like in the close season with no gates coming in?
There is no close season. Cork will get gate receipts all the way up until the new season.
Aah! A close season?! Where's the money?!