Shels this season are in a pretty good state.
We're capable of rowing our own boat now after using ground sale money last year to keep things going.
Talk of drawing down funds from the sale of Tolka is a bit misleading to be honest, that has happened but it's not what's keeping us going. It's a bit more complicated than just accepting bridging loans like what was happening.
What's coming in is going out basically.
We have a lot of debt 'parked' until the sale of Tolka goes through but if you were to take this years accounts as a stand alone year we're going to come in more or less even.
Costs are way way down.
Our team this year is even cheaper than last years team (crazy as it sounds!).
Getting rid of the debt through the sale of Tolka is all we need to do (simple really)
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We have players under full-time contacts and we will honour them.
We might be signing at least one more on a full-time contract for 3 yrs.
As was said above we are sticking to the 65% and are still well under it as our players are paid well under €1k a week.
But if it's even a half truth I'm hearing............Bohs could be in even worse shape than Cork.
It could be either Pats or Derry representing Ireland next season in the CL.
Wouldn't it be great if everyone lived with-in there means.
Then we would have an amazing brilliant league.
So if you think Bohs are big read this. http://www.astronomy.ie/perpespective.html
were ok anyway lads
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We're certainly overspending and I would expect us to record a substantial loss at the end of this season. I don't think there's any chance we won't make the end of the season but certainly the decision to increase the budget has been a gamble that has not paid off. Unfortunately the majority of the extra money was spent on giving D1 players better contracts instead of signing better players the much of the responsibility for that lies with Paul Hegarty. That said, I think our board should have been a lot more ruthless in heading off financial pressure earlier.
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No matter what happens between now and end of season, be it staying up, winning cup, relegation, I believe we are going part-time next year. Even if we get a Kelleher or Hoey, the money will be put towards building a structure around the club - youth set up, community ties and what have you - rather than a team.
Oh, and from what I hear, Bohs could be in major major trouble if things don't go their way in the next 6 weeks.
Last edited by WoodquayBoy; 27/08/2008 at 10:53 AM. Reason: spelling
"Billy Corgan, Smashing Pumpkins."
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John Delaney!! GET OUT!!!
www.ssdg.ie
Where are Shels going to go now that Fingal have occupied Morton Stadium? Is there a plan B?
Clubs really need to learn how to do things correctly. I wonder is it possible for the FAI to put together some sort or training course based on the case studies in the league, highlighting them as reasons why things should be done correctly.
I'm still fairly positive about the league to be honest. There is loads to do but no one ever said it would be easy.
The SFAI are the governing body for grassroots football in Ireland, not the FAI. Its success or the lack of is all down to them.
Lots of clubs seem to have done this, and I don't understand why. AFAIK, Harps' gate receipts covered all expenses last year. How can they justify increasing their budget, when they knew they would probably be in a relegation battle, which wasn't going to attract bigger crowds.the decision to increase the budget has been a gamble that has not paid off.
Would you ever go and *&@!e (if you'll pardon my French). (a) I never said who fudged what, (b) I said these were the current rumours and (c) United Park clearly doesn't meet licencing, and the deadline for doing something tangible rather than drawing up plans has long passed (even Harps have at least put in the required seats) and Drogs have done nothing. United Park isn't good enough for a UEFA Licence, yet you have one. Quite simple.
In fairness, the clubs know what they're doing and don't care. A car crash Dublin City/Shels/Cork/Bohs workshop won't do anything; there'll still be idiots.
Well, that and get a new ground with zero cash.
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