Printable View
Yeah just seeing that now, they’re absolutely blessed that Ilicali didn’t dig the heels in which we’ve seen so often before. If I was a shels fan I’d be asking serious questions into how they allowed him take a majority stake in their club in the first place. Back to square one for them anyways in terms of finding a long term backerQuote:
Originally Posted by Jack B
Is that actually confirmed though? I know it’s what they’re aiming for, but is the Turkish lad willing to just hand it back?Quote:
Originally Posted by Jack B
Not officially announced but due to be officially announced in the next week apparently according to David SneydQuote:
Originally Posted by Philosophizer
https://www.the42.ie/shelbourne-take...18010-Nov2023/
When Dundalk turned down this crowd, you knew there had to be something off about them. Hell of a result for Little Old Shels.
Amazing that he's apparently willing to just write off €3m. Surely with LOI being such an..ahem..attractive investment opportunity these days someone would have paid him something if he went looking for it?
As far I can tell he paid a sum up front for a 60% stake with a view to investing 3 million,I think he’s just walking away from whatever he put up originally ….
It’s in that piece from David Sneyd…..
https://www.the42.ie/shelbourne-take...18010-Nov2023/
Yes Indo and Irish Times articles confirms the same, whatever money has gone into Shels far (McDonnell states 7 figures) will not have to be paid back. Bizarre day with looks like with a positive ending still will be a need for investment but all looks good for next season with Duff
https://www.independent.ie/sport/soc...819663604.html
https://www.irishtimes.com/sport/soc...ff-as-manager/
I dont believe this guy has put a seven figure sum into Shels and walked away leaving it behind without some deal.
It says the money doesnt have to be paid back that could mean he is keeping a smaller shareholding or some other deal.
If he really has walked away leaving it behind and not looking for anything he is the unicorn moneyman with a heart of gold.
If he has good luck to Shels they have played a blinder
A benevolent trustee rather than a ( cold hearted) shareholder like we haveQuote:
Originally Posted by sbgawa
Is it really? Have they bought and paid for Tolka Park yet. Small budget this year, how will that grow. You would wonder what negotiations took place that missed some much that the deal fell apart so soon. Great guy if he walked away with nothing as Shels could very possibly be in Europe next season guaranteeing a minimum of €250,000 and a lot more if they progressed past the initial stages. Big lessons to be learned from this and Peake 6 takeovers.
He has walked from Shels so easily as the Dundlk owners made contact again looking for the investment.....
It's crazy stuff. The fact that he came in and it was successful enough that they are a couple days away from finding out they are in Europe a year ahead of schedule.
You would have thought from his perspective it'd be worth waiting till Monday alone to see whether he wants to stick around or not.
Would love to know the exact details of the conversations that would have taken place.
He being Turkish Simon Cowell? It could be that after the letter writing campaign he thought that being involved in Shels really wasn't worth his time. Whether we like it or not there is a very real ceiling to how highly an LOI club can rise. He likely viewed Shels as a feeder club at best and if your feeder club has fans kicking up a fuss rather than viewing you as a gracious saviour then you might as well get out early and find some third tier club in Spain or some other European country that has a higher ceiling and be more willing participants as a feeder.Quote:
Originally Posted by yurt
Firstly - he hasn't walked away after putting €3m in. He's walked away after a commitment to put €3m in, and of which only an unspecified sum was paid so far.Quote:
Originally Posted by yurt
This guy won't be a mug. If he's walked away it suggests that he's realised that it;s in his interest to NOT put the rest of the promised €3m in (and most likely the lion's share). Presumably he had a contractual obligation to stump up that cash as part of the purchase, so this episode has got him off the hook for that.
So it seems to be that, for whatever reason, he was no longer all that bothered about putting money into Shels, and that this turned out to be a handy way for him to get off the hook for what was presumably more than €2m in further payments. The equivalent of putting a small deposit down on a house and then finding out that it wasn't what you thought it was, was no longer right for your needs etc and then just walking away and telling them to keep the deposit. Either that or the money paid so far is so small that he really doesn't care, and he doesn't believe the upsides from Shelbourne longer term are worth bothering about either. Either way it's not an 'investment' that he has been all that bothered about fighting to retain.
The Hull Daily Mail article below does indicate Ilicali has his attention turned to Greece which may make more sense for geographical reasons and the direction Ilicali and Hull wanted
I don't think anyone will ever know the full ins and outs of the separation it may well be exactly how the media have covered maybe Shels climbed up the table too quickly ahead of expectations and both parties happy go in other directions with their own alternative options, it's hard to have a feeder club who are in the scope of challenging for Europe/may ambitions of a title push in next few years while experimenting with foreign imports on behalf of the parent club, still though that should have all been ironed out when the takeover happened with a full commitment to Duff with a new contract or not
While the direct Hull loanees Wood and Jarvis were positives for us dealing with Sean Boyd's and Matty Smith's injuries the random Portuguese right back we signed who had been last playing in Cyprus didn't look up to much at all, I don't think Duff/Shels wanted 5 or 6 unknown imports like that signed by a DOF upstairs with an expectation they get regular playing time at the expense of the core of our squad this season who performed so well
https://www.hulldailymail.co.uk/spor...l-city-8893624
Does the CTA and being within the EU create any sort of loophole on issues of player visas or being naturalised from a young age in Ireland from the continent for the British game - they may not be classed as part of the foreign player quota?
It's a good point Nesta and one I've considered myself. My surface level research indicates that Irish players (unless they joined an English club before they are 19) will count as a foreign player.
But since there's no visa due to the CTA, I guess it's more straightforward for us to move to the UK than for a player from a country that needs to get a work permit.
From a general work permit pov, then the CTA gives an opening to the UK that other EU nationals don't have (see below).Quote:
Originally Posted by Elfman
However, FIFA rules over Under-18's transferring to a foreign country override this, since as a general principle, Under-18's are not permitted to register with an Association in another Nation State. Within this, an exemption has been agreed by FIFA for transfers within EU countries, but since Brexit, EU 16 y.o. and 17 y.o. players can no longer access the UK (obv).
The rules governing this are to be found in FIFA Article 19:
file:///C:/Users/cwegr/Downloads/fifa-article-19.pdf
Note:
2. "The following [exception] to this rule applies:
a) The player’s parents move to the country in which the new club is located for reasons not linked to football."
The "not linked to football" proviso was added after clubs started "finding" jobs for the parents of promising youngsters. Although it was to circumvent FA rather than FIFA Rules, I believe that Jonny and Corry Evans were able to join Man Utd from Greenisland Boys before they were even 16, since their father was moving to England to take up a job which rather conveniently "came up" somewhere in Greater Manchester. (Loophole since closed by The FA)
Where the CTA does confer an advantage is for ROI players who are over 18. That is, anyone from outside the UK, seeking to work in whatever occupation, including football, needs a work permit.
Within that, the four UK Football Associations have agreed a system with the Government to allocate permits to players meeting a (merit-based) points eligibility requirement. For instance, you will get a permit for a 20 y.o. Brazilian playing for Flamingo who has already a dozen full caps. Whereas a 20 y.o. Mongolian international with two dozen caps and registered with whoever the Mongolian champions are, will not qualify (Insufficient points for Mongolian football)
Under the CTA, the UK applies no such points system to ROI over-18's - if they can find a club willing to sign them, they're in.
Which to get us back to the thread title, explains why clubs like Hull or Fleetwood have been interested in linking up with LOI clubs.
See also here: https://www.mills-reeve.com/stand-al...-youth-players
Unbelievably informative EG. Thought I had a good understanding of the transfer requirements post brexit but you've explained it clear and concise in this post.Quote:
Originally Posted by EalingGreen
The easier route to the UK for Irish players should actually be a benefit for Irish football but the problem is they aren't actually going for any money in the vast majority of cases.
Nice one, thanks for confirming my suspicions EG!
Agree with you there yurt. We just need to develop infrastructure now to make it more attractive for youngsters to stay a while longer. We'll always lose the best players to England (as everyone does) but hopefully adequate compensation can help us support the next great player coming through and delay them leaving until they're already world class! ;)