They have a huge advantage is all aspects, but for Cobh the club has huge potential but only if the personal differences are left outside the gate. The A league will sot out who is actually behind the club.Quote:
Originally Posted by don ramo
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They have a huge advantage is all aspects, but for Cobh the club has huge potential but only if the personal differences are left outside the gate. The A league will sot out who is actually behind the club.Quote:
Originally Posted by don ramo
Quote:
Originally Posted by John83
I find it hard to believe that Cork would have build up a high tax – as is been speculated here – having presumably wiped their slate clear under much reduced terms in coming out of examinership.
http://www.irishtimes.com/newspaper/...108325510.htmlQuote:
Examinership was sought because the club owed its creditors €1.3 million, including €360,000 to the Revenue Commissioners. A number of players and staff had to be let go and the fortnightly wages bill had been reduced from €91,000 to €71,000.
………………………………………
The Revenue would receive 16.96 per cent of what it was owed under the scheme, the judge said. If the football team was successful in the final of the Setanta Cup on November 1st, that figure could rise to 24.6 per cent.
Came across this article too
http://www.irishtimes.com/newspaper/...523343071.html
you cant write off tax as bad debth, unless your liquidated,Quote:
Originally Posted by Buile Shuibhne
any accountants here that can back it up either way,
Yeah but the max debt tax they carried forward was 90k under the terms of the examinership. Even if they haven't since paid one cent off that - I can't see them since having built up a tax debt of 200K / 300k / 400k or especially 500k as has been bandied about on the interweb forums the past couple of days.
interest builds up on unpaid tax bills very quickly at a very unreasonable rate so its not impossibleQuote:
Originally Posted by Buile Shuibhne
http://www.herald.ie/sport/soccer/new-f ... 07100.html
Apologies if this was already posted.
:rolleyes:they did really well to develop him all by themselves in 18 months didnt they?Quote:
Originally Posted by irishultra
Good spot Tom, missed that
Dunny the Herald piece contains, like here, a lot of speculation. Normally there is no fire without smoke. It will be interesting to see which way the flames fan.
I just can't see how clubs can operate on a fortnightly wage bill of 71k. 142k a month is a huge bill for a club that could face two matches at home in a month, with an average attendance of 2500 (am I being unfair with this, I am going to three or four home games I looked back on). That could be 5000 on an average entrance of 13 euro (I'm judging the attendance to be made up of freebies, children, OAP's and adults)
So based on that 65k comes in from the crowd. You have shops and bars, but you also have staff, insurance, general costs of lighting, heating, phones, stationary and security.
That means you are looking at 77k worth of a shortfall each month to be covered by advertising, sponsorship, and hand outs.
I am all for positivity and the development of the league, but when did running up huge debts by financing wages alone form any kind of model for a successful business. Talking about professional leagues is one thing but the reality of running it is another and if we continue to believe in these things,then the future is a league in constant crisis.
Money should not be invested in wages, but player development, facilities and infrastructure.
I know that, I never said otherwise.Quote:
Originally Posted by Scrufil
Yet again there has to be a bad news story hitting the eircom league when will this ever end? I read that article from a ex cork city fan in last sundays mail on sunday and it really brought it home to me what he had to go through. It is a disgrace the way Coughlin is running the club to the ground he really made things hard for himself by axing Matthews.As for Paul Doolin in hindsight he should have stayed at Drogs. I feel sorry for Doolin though that he has to go thro this sh!t twice in a year.
If ye have to start all over again so be it. It did no harm to limerick who are a better run club and they changed the name of the club too.
I wish the cork fans all the best .They really need all the fortune over the next few yrs and mths.
A debt of 77k is ridiculous. By the end of the season it will amount to 618k debt. By the end of July we would be in 308k debt already. There is also 250k owed to the Revenue Commissioners and Alan Mathews is looking for 300k because he was sacked. So a total of 1,168,000 of debt would be run up by the end of the season.
On a 91k shortfall per month (during the Arkaga era), by the end of July they had lost 364k. Taking into account they were in charge from December and no income until start of March then 271k would've been built up by the start of the season. So by 14 August (the date last year we entered examinership) we would've been in 635k debt. Plus there was unknown money owed to creditors of almost 700k to make the total loss by 14 August 2008 over 1.3 million euro.
So far we are only in about 100k debt so if someone can act quickly then we'll be easily saved as 100k isn't too hard to pay (in football finance terms). The new owner(s) could pay the 250k owed to the Revenue Commissioners, tell Mathews to **** off and cut the wages or sell some of the highest-earning players. If Coughlan sells without saying the club is in serious debt then the whole situation will be resolved without anyone raising an eyebrow. Problem solved
Yes, that'll do it. If he wins his case then he'll have to be paid whatever he's awarded one way or another or else you'll go bankrupt. Plus nobody is going to buy any of your players and they most likely won't agree to any further cuts so will either stay on on their current wage or walk for nothing.Quote:
Originally Posted by Umberside
I couldn't disagree more. Joe Gamble, Colin Healy, Dan Murray and Guntars Silagailis. Those four players are better than any four let's say St Patrick's Athletic or Dundalk could come up with, and who do you have at Longford by the way?Quote:
Originally Posted by Longfordian
I think he means no club is going to bother paying anything other than a nominal fee to a publicly known stressed seller. Clubs will gladly take those players and others but for little or nothing.
You're missing the point. They won't pay money for them as they don't have it and the chances are they won't have to. That's what you mean by selling them, right?. Nobody will match their wages either. You're probably the highest paying club in the league this year if your reported wage bill of 140k a month is accurate.
Edit: As Poor Student has pointed out.
It's a shame alright that nearly all the transfer money generated is by selling players to British clubs. I can't think of any player who was "bought" during the last transfer window between LOI clubs either.Quote:
Originally Posted by Poor Student
Mostly because clubs can't afford fees. Or wages but that's another story. The only fees that arise lately would seem to be compensation for under 23s who are out of contract. Most players move when their contracts are up as free agents.
We might be able to ship something across the Irish Sea though because we've done so for five years running.Quote:
Originally Posted by Longfordian
Are you making out that this was a complete coincidence?Quote:
Originally Posted by don ramo
I think it is clear whats going on. The curse continues. Faz kudozovic brings financial troubles to all clubs he goes to:o
Maybe, I don't see who though unless ye have some exceptional young lad but I would have thought he'd be in the first team squad if ye did. There's no obvious one like Mooney, O'Donovan, or Doyle were.Quote:
Originally Posted by Umberside
How did that work out for you?Quote:
Originally Posted by Umberside
I've made it clear all along that I was talking about the mid-to-late 80's - ie. the era after the First Division.Quote:
Originally Posted by red bellied
Whether it was the appearance of the First Division that made a mockery of crowds is very debatable. What is clear is that a 16 team league without promotion or relegation was a complete mockery anyway, such that a First Division was long overdue.
Quote:
Originally Posted by dcfcsteve
the FAI will have to have a really long meeting and come up with a league format, that is sustainable and can be keep people interested for years and years, i think a 16 would be great, play each other twice a season, which would deffinately increase rivilary amongst fans,
personally at the moment full-time set-ups arent viable options, maybe a half full-time half part-time would be more realistic, who knows, but you have to come up with something to make it more competitive, you will always have dominators, look at most european leages over the last ten years, has any league had more that 4 different teams win the league in that period,
you cant have a competitive league when your playing the same team every second month, and thats just league games,
we could talk like this for years, but who the hell are we, were just statistics on a sheet of paper at the bottom of the FAIs stack of thing to be done,
You do realize the league has been going since 1921. Must be sustainable enough...Quote:
Originally Posted by don ramo
Cheers for the vote of confidence, pol. No need to dismiss Derry out of hand, though - you could nearly stretch the imagination to include them with us in that category. :DQuote:
Originally Posted by pól-dcfc
Do you really think Dundalk are going to give you money for players after Cork screwing us over by offering money to players that we we're about to sign pre season that you now can't afford??Quote:
Originally Posted by Umberside
I'm sure we would take any of those four, maybe we could work something out that we take the player off your wage bill and Cork still pay a 1/4 of their wages? ;)
Cork we're given a second chance and continued exactly the way they were pre examinership. They deserve everything they have coming. The only losers in this are the Cork fans.
I can't believe it took so long for someone to do this! :DQuote:
Originally Posted by Fivesilver
You know what I mean though, no-one elses crowds get near ours and Cork's, and we've been the most successful non-dub clubs in the past 20 years - probably gonna get taken to task by Dundalk fans for that one too!
If you include your annual league cups :pQuote:
Originally Posted by pól-dcfc
Ah doh. our double winning year was 1988. still and all 2 premier leagues '91 & '95 & 1 FAI cup 2002 (not bad consiering we where rubbish from 2002 to 2008)
what did derry do 2 league 2 cups. (when did ye win the treble?)
anyway back to the embarrassment of irish football (CCFC). I am a great believer in karma and what CCFC are getting now is through no ones fault but their own. Last time around we where all made to believe that it was all "Arkagas fault". Now ye have nobody to blame but yourselves.
I do wonder what the next cork team will be known as. They've used fordsons, celtic, athlethic, hibs to name a few. the next one should be "langers"
I meant that those four players are better than four Dundalk have already. Harpal Singh, George O'Callaghan, Darren Mansaram and Thomas Heary are very good players but I just think Gamble & Co. are slightly better. It wasn't meant to offend Dundalk or anything, I was just making a point that turns out to be missing the point:DQuote:
Originally Posted by Louth4sam
Who's 'ye'?Quote:
Originally Posted by jinxy lilywhite
The city fans posting on this forum? Since the fans don't own the club, there's not a whole load that can be done bar build some sort of war chest and hope it'll be sufficient before it's needed [or that it's never needed], that or dousing ourselves in petrol in the FAI offices, which is what 'ye' would do.
Coughlan in today's echo states that the club is financially sound, which is all any supporter wanted to know, the chairman coming out and addressing supporters concerns. So, I guess the panic is over.
BTW, The amount of dancing on graves on this thread is sickening.
Coz the cork fans were never guilty of dancing on graves?????????
Get down of that cross and leave someone else have a spin
Jeez, this thread is confusing. It would be a pity to see LOI football disappear from Cork, but given the number of clubs that have got into huge difficulty over the last few years, it's hard to feel sympathy for clubs that have watched it unfold before them and hurried down the same path. For the fans of those clubs who were worried about the way their clubs were being run, it's a horrible disaster, but there will always be an element of schadenfreude at fans who trumpeted unsustainable success and simultaneously knocked the aspirations and behaviour of the well run clubs (eg UCD).
It's another blow for the league, should it come to pass, from my own point of view, the games against Cork were always highlights of the season. With their huge catchment area, you were usually guaranteed a good travelling support, and it was a nice handy away trip as well. (The games were usually fairly balanced, even in their title winning season there were 3 draws with 5 goals apiece over the 3 games)
Where did I say that? I'd find it no less sickening if Cork City supporters were doing it.Quote:
Originally Posted by Tis-smeee
There's few enough LoI supporters as it is, how people can cheer the possibility that a large chunk of them could be without a club to support in three weeks is beyond me.
Then again, maybe my crown of thorns is piercing into my brains and causing delusions. Rivalry is one thing, but wishing each other out of existence is daft in my opinion.
Or that he's just too good for the league?... hmmmmQuote:
Originally Posted by celticV3
Just the two league titles (including the League's only treble, the year after your feeble double), the 4 FAI Cup wins and 9 league cup wins for us across the same period then. Completely out-trumps Dundalk's measly achievements, considering you's had a serious head start on us too.Quote:
Originally Posted by jinxy lilywhite
The golden rule of slagging off another team's history is to actually know what their history was in the first place.... :D
any further developments on this TikTok? Is Coughlan definitely gone yet? He seems like the sort of idiot who would pull this as some sort of "stunt"...Quote:
Originally Posted by tiktok
Everything is fine apparently neither Coughlan, the FAI or the PFAI are worried at the moment.