Rovers Accounts

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10/08/2010, 8:26 AM
Dodge

Quote:

Originally Posted by Rasputin

We ended last season with an operating profit, 6 figure one at that.

Even with the couple of "lads we need money this week or else..." type scares?
10/08/2010, 9:48 AM
dfx-

Quote:

Originally Posted by pineapple stu

Think you want to look at changing your location there, dfx-. ;)

Touche, our pr ickly fruited moderator...

I would do had I said profitability ;)
10/08/2010, 9:53 AM
pineapple stu

I think solvency is wrong too. :p

(Unless you want to go to the really technicaly definition of insolvency, in which case Bohs are solvent too)
10/08/2010, 10:08 AM
Dodge

Quote:

Originally Posted by Charlie Darwin

Assets minus liabilities.

Just getting back to the issue. What assets would Rovers have? Can't think of too many in fairness
10/08/2010, 10:16 AM
Lim till i die

Quote:

Originally Posted by Dodge

Just getting back to the issue. What assets would Rovers have? Can't think of too many in fairness

Goodwill. It's intangible but potentially worth LOADS!!!
10/08/2010, 10:38 AM
pineapple stu

Quote:

Originally Posted by Dodge

Just getting back to the issue. What assets would Rovers have? Can't think of too many in fairness

For what it's worth, their balance sheet at Nov 09 and Nov 08 was -

Code:

2009 2008 Intangible assets 1214 2023 Tangible assets 87412 13303 Investments 0 100 Debtors 112818 60939 Cash 10226 10226 Creditors -414653 -145714 Nett liabilities -202983 -59123

By way of supposing, tangible assets may be training gear? Debtors is presumably up because of more prize money due at the year end. Cash is presumably a dormant no 2 account cos the balance hasn't changed. Creditors are broken down as follows -

Code:

2009 2008 Overdraft 39645 34918 Loan 2501 0 Leases 21605 3434 Trade creditors 108873 11817 Other 5091 0 Accruals 128623 20099 PAYE 108315 73443

Interesting figure there is the trade creditors flying up. There's also no mention of stock anywhere; do the club or Umbro run the shop?

Quote:

Originally Posted by Dodge

Well you haven't heard what the members have heard, and as long as they're told the story, and they're happy with it then I cna't see how anyone else can be angry about it

You've been watching events unfold in Dalymount as voted for by the fully-informed members, yeah? :p
10/08/2010, 11:07 AM
Dodge

Umbro run it. John Coutney gave a basic outline of how it works on the Pats forum (previous one). They source all non Umbro products too

An icrease of 35k in PAYE indicates how much their wages have went up
10/08/2010, 11:22 AM
Schumi

Quote:

Originally Posted by Dodge

What assets would Rovers have? Can't think of too many in fairness

Neal Fenn.
10/08/2010, 11:30 AM
OneRedArmy

Quote:

Originally Posted by Lim till i die

Goodwill. It's intangible but potentially worth LOADS!!!

Its very hard to put an accurate present value on every single Dublin taxi driver having religiously attended games in the Milltown era but no longer attending for a variety of reasons....
10/08/2010, 11:33 AM
hoopy

Quote:

Originally Posted by OneRedArmy

Its very hard to put an accurate present value on every single Dublin taxi driver having religiously attended games in the Milltown era but no longer attending for a variety of reasons....

http://www.irishexaminer.com/sport/c...es-127428.html They not only don't attend but don't drop off at Milltown either :weep:
10/08/2010, 11:38 AM
Dodge

Quote:

Originally Posted by pineapple stu

You've been watching events unfold in Dalymount as voted for by the fully-informed members, yeah? :p

Yeah, and I'm not angry about that either. No one to blame but themselves.

I wonder how many clubs over inflate their intangible assets? Ridiculous that they try put a value on it (or am I being thick again?)
10/08/2010, 11:42 AM
pineapple stu

Quote:

Originally Posted by Dodge

Yeah, and I'm not angry about that either.

Fairy nuff. Suppose "angry" isn't the word really.

On the wages, they were always going to go up last season in fairness, even by half as you could extrapolate from those figures. An increase this season would be more interesting.

Edit - it should probably also be noted that there's a parent company, Shamrock Rovers Members Club Limited, which I think is the old 400 club. Members' subs were down E50k last year, and the company gave E110k less to SRFC Ltd during the year than the previous year. It made E6k last year.
10/08/2010, 1:33 PM
marinobohs

Quote:

Originally Posted by pineapple stu

Fairy nuff. Suppose "angry" isn't the word really.

On the wages, they were always going to go up last season in fairness, even by half as you could extrapolate from those figures. An increase this season would be more interesting.

Edit - it should probably also be noted that there's a parent company, Shamrock Rovers Members Club Limited, which I think is the old 400 club. Members' subs were down E50k last year, and the company gave E110k less to SRFC Ltd during the year than the previous year. It made E6k last year.

Interesting when most clubs cut down on wages last year but there is accounting and then defending the "model club" eh Stu ?
10/08/2010, 1:36 PM
dfx-

Did the clubs who cut wages have an increase in income or decrease, mb..
10/08/2010, 1:41 PM
marinobohs

Quote:

Originally Posted by dfx-

Did the clubs who cut wages have an increase in income or decrease, mb..

Most clubs had a decrease in income to be honest.just to be clear I wasn't having a go at shams (in this instance). i suspect that most clubs (as has been said in other posts) overspend on a "build it and they will come" philosophy unfortunately ignoring that crowds have been declining (broadly) for the last 30+ years.
Nobody appears willing to accept that the current awful crowds may well be as good as it gets (allowing for the odd peaks and throughs depending on success, europe etc) especially in a declining economy.
10/08/2010, 1:50 PM
pineapple stu

Quote:

Originally Posted by marinobohs

Interesting when most clubs cut down on wages last year but there is accounting and then defending the "model club" eh Stu ?

When a club doubles their attendance and can suddenly start earning money from advertising hoardings among other things, I think you can justify raising wages. Maybe not by as much as they did, but you can certainly justify it.
10/08/2010, 2:15 PM
hoops1

We are working off a new business model. Use money that we get for winning the league, fai cup and setanta cup for the next 5 years, make the breakthrough into the group stages in Europe. Keep buyin all the best players until we do.Simple
10/08/2010, 2:57 PM
SMorgan

Nothing new about that. Shels used that model a few year back.
10/08/2010, 3:03 PM
OneRedArmy

Quote:

Originally Posted by hoops1

We are working off a new business model. Use money that we get for winning the league, fai cup and setanta cup for the next 5 years, make the breakthrough into the group stages in Europe. Keep buyin all the best players until we do.Simple

When you say "new business model", did you actually mean "the same business model Shels and Bohs used"?

Edit: Beaten to it by SMorgan.
10/08/2010, 3:04 PM
pineapple stu

Am I the only one who thought hoops1 was making a joke based on exactly that point?

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