Club Finances

Robbed from a post by Chris on Orielweb. Spin or fact?

Noel Mooney
"If I was to tell you of a company in this recession who made a profit of €172,00 last year, would you call that failure?, No you wouldn't. But thats what Dundalk did in 2010. In total 11 of the league's clubs turned over a profit, two of them making more than €100,000, with a third coming very close to that".

"That madness has gone. Full time football is manageable if clubs are sensible. But no industry is going to last if the employer pays way over the odds to their workers. Thats what happened in the Airtricity League. Now, there is a marked improvement". Those improvements are highlighted by the way Dundalk, Shamrock Rovers and Sligo run their Clubs, who between them have generated profits in excess of €500,000 over the past two years.

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Originally Posted by Lim till i die

Noel Mooney is an idiot worthy only of our pity.

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And on that basis the fact that he is telling the truth should be ignored. I mean, perish the thought that Limerick (City, United, FC, 84 or whatever the current manifestation is) would be arsed looking at how those three clubs have achieved and maintained solvency.

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Originally Posted by Nesta99

Robbed from a post by Chris on Orielweb. Spin or fact?

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Of course it's spin. Some of it may be true though.

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Originally Posted by avvenalaf

And on that basis the fact that he is telling the truth should be ignored. I mean, perish the thought that Limerick would be arsed looking at how those three clubs have achieved and maintained solvency.

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It's spin, complete and utter garbage, I've seen the way these LoI budget spreadsheet thingys are made out.

As far as the FAI were concerned Limerick made a "profit" of over 250 grand before Jack McCarthy jumped ship.

FACT, as they say on the internet.

ROvers have something like 600k accumulated losses since becominga members club. No doubt at all that last year was their best year ever (financially( and they're heading in the right direction

Dundalk took a few dratic measures 5/6 years ago and are now seeing the benefit. Definitely a club that seem to be doing things right

Sligo have a full time squad on gates of 1,500 - 2,000 a week less than 18 months after issuing a 'sae our club' rallying call. Maybe some Sligo fan can explain it but the reasons aren't too obvious to me

Pats lost money last year (a lot of money) and that was after we cut back significantly

Just back from the Harps AGM, and our accounts showed a profit of over €11,000 last year. Not a lot, but better than a loss.

Rovers made a 65grand profit last year. Just very hard work behind the scenes. I've never seen things looking so good financial at Rovers in 20 years.

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Originally Posted by Dodge

Sligo have a full time squad on gates of 1,500 - 2,000 a week less than 18 months after issuing a 'sae our club' rallying call. Maybe some Sligo fan can explain it but the reasons aren't too obvious to me

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As far as I can remember we've made an profit every year since 2001 apart from 2007 when we made a loss of €130k. This resulted in an unpaid tax bill for a similar amount hence the 'save our club' campaign in Summer 2008 which raised approx. €90k in a few weeks. The club didn't think we'd get away with not paying taxes like other clubs have done so the drastic action had to be taken. I think the full-time/part-time debate is stupid. It's only relevant what a player is actually getting paid, not whether he trains in the day or night.

Less than 18 months ago?! I don't remember that one Dodge

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Originally Posted by Red Army

Rovers made a 65grand profit last year. Just very hard work behind the scenes. I've never seen things looking so good financial at Rovers in 20 years.

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I'd say thats a load of ********, not **** stirring but I'd say you'll be in trouble within 2 years....

What's the basis for your assumption that it's bull****. We're you at our AGM 2 weeks ago? Did you see the accounts?

A 65k profit in a year when you won both cups, finished third in the league and sold a player for a decent fee... what would the results have been like if everything hadn't gone right?

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Originally Posted by Mr A

A 65k profit in a year when you won both cups, finished third in the league and sold a player for a decent fee... what would the results have been like if everything hadn't gone right?

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We spent a lot of money on infrastructure. New offices, new tv gantry and a substantial amount spent on improving the pitch.

SRFC Dave when is the results of the FAI investigation at our club that the pigs were spotting a while back?

That figure excludes a six figure prize fund from the the FAI which hadn't been paid by the time of the agm. The club will only spend money we have unlike others.

We also recorded a small profit from last year

and would have posted a fairly substantial loss if we hadn't won the first division, due in the main I think from honouring Wellvan commitments towards season tickets and the like.

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Originally Posted by shantykelly

and would have posted a fairly substantial loss if we hadn't won the first division, due in the main I think from honouring Wellvan commitments towards season tickets and the like.

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Quite true. Here's a summary from our forum

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The accounts showed a profit of £400.00 on an income of slightly over £500,000.

The Board have given Stephen Kenny an increase in his budget of 25% which they hope they can offset with additional season ticket sales as last season they honoured the tickets for those who had paid early for their tickets to the previous now liquidated company Wellvan. This amounted to something like £70,000.

It would also appear that the current company is a creditor of Wellvan, having honoured these season tickets, so we may be entitled to some monies from the Connor Salmon sell on clause. It is however only likely to be pence in the pound and of no great significance. Linfield are also still owed money by Wellvan for tickets sold for a match at Windsor but are waiting for the conclusion of the Wellvan liquidation to get some monies. It would appear that the current Board whilst not legally responsible for this debt will make up the difference.

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Originally Posted by Red4Eva

Less than 18 months ago?! I don't remember that one Dodge

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When was it that Paul Cook threaten to resign as money wasn't there for his squad? Around 2 years ago? maybe longer.

EDIY; Sorry I see you'#ve answered me there. Summer 2008. Fair enough. I was 12 months out

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I think the full-time/part-time debate is stupid. It's only relevant what a player is actually getting paid, not whether he trains in the day or night.

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Agreed, and in the case of Sligo we have people like Richie Ryan saying things like this

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"I don't want to go part-time. I haven't been part-time since I've been a footballer.

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http://www.independent.ie/sport/socc...d-2434747.html

So its fair to assume that Ryan, who lives in Sligo, is earning enough money to be comfotable enough that he doesn't have to work outside football. It seems the whole suad is like that. So 18 players are earning enough wages so as not to have to wokr elsewhere.

And no one yet has explained how you can afford that on similar gates to Pats

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Originally Posted by Dodge

And no one yet has explained how you can afford that on similar gates to Pats

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I think our gates have been a bit higher on average than Pat's in the last three or so seasons though Dodge, no? Or maybe we have a better wage structure than Pat's have had the last 3/4 seasons and been more sensible in what we offer our players??

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Originally Posted by Mr A

A 65k profit in a year when you won both cups, finished third in the league and sold a player for a decent fee... what would the results have been like if everything hadn't gone right?

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It would been less but not by a huge amount. Prize money for the league Cup was feck all and a lot of prize money from the cup would go to things like player bonuses, travel to the Cup Final, hotel for a couple of nights, suits for the squad, etc. Also I assume the fees for Coleman would not be included in those figures as that all happened the season before.