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Thread: The Leagues' financial problems fixed!

  1. #21
    Seasoned Pro peadar1987's Avatar
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    Quote Originally Posted by Angus View Post
    Yes, of course, you mean like Shels, Cork, Drogs, Bohs, Spurs, Newcastle etc etc etc - a guaranteed way to success - bet the ranch on getting to the champs league group stages

    The upside ? Funding for a couple of years. The downside ? Extinction.

    Hmmm...
    Funding you say? Where do I sign up?

  2. #22
    Coach John83's Avatar
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    Quote Originally Posted by Angus View Post
    Yes, of course, you mean like Shels, Cork, Drogs, Bohs, Spurs, Newcastle etc etc etc - a guaranteed way to success - bet the ranch on getting to the champs league group stages

    The upside ? Funding for a couple of years. The downside ? Extinction.

    Hmmm...
    You seem to be short one of these:
    You can't spell failure without FAI

  3. #23
    Biased against YOUR club pineapple stu's Avatar
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    I think this whole thread has blown that thing to smithereens.

    I think that's kind of the point.

  4. #24
    Reserves galwayjames's Avatar
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    Quote Originally Posted by Angus View Post
    Yes, of course, you mean like Shels, Cork, Drogs, Bohs, Spurs, Newcastle etc etc etc - a guaranteed way to success
    What did Newcastle ever win?

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    Really not sure what thread to put this on but there was conflicting views on the way forward for Irish Soccer in the News of the World yesterday.

    Our former great leader Mr. Aherne was lamenting the current state of the LOI and in addition to list out the well know tragidies that have befallen the league this season he also believes that Shelbourne not getting promoted again this season is another shameful event. His advice was for the league to go part-time, all clubs, until the recession is over and then 'pray' that it improves after that.

    On the previous page an editorial proclaimed that the FAI should copy the IRFU and bankroll all clubs so that they can attract top players to the league and compete at the highest possible level. I think they were suggesting that the FAI were taking a big gamble on the Aviva stadium and instead they should have used that money to fund the clubs.

    Oh ya, Felix Healy reckons the problem is there are more Man Utd supporters in Derry than there are LOI supporters in the whole of the country- he might be right.

  6. #26
    Reserves Angus's Avatar
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    Quote Originally Posted by galwayjames View Post
    What did Newcastle ever win?
    See the John 83 thread above !
    DB Cooper is alive !

  7. #27
    Seasoned Pro Acornvilla's Avatar
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    Quote Originally Posted by galwayjames View Post
    What did Newcastle ever win?
    intertoto cup when glenn roder was in charge

  8. #28
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    The Sunday Times Business section had a page about the League's financial woes yesterday. Bizarrely, it had a picture of Baddiel and Skinner at the top with Liam Carroll, Garrett Kelleher and John Delaney. It wasn't bad in fairness. It even had balance in Jonathan Roche (I think) saying that clubs in England go bust or into administration regularly without all the hysterical publicity.

    They managed to interview Tom Coughlan although they failed to add the disclaimer "This man is a clown". He reckons the problem is with the format. They've played Sligo 8 times this year and supporters don't want that. Yes, Tom, that's the main issue worrying Cork fans right now.

    They also brought up how Kelleher's investment in Pats has come "entirely" from Anglo Irish Bank loans and about the dispute over who owns Dalymount. It said Bohs made more money this year from renting a car park to the Mater hospital than from gate receipts. It went into teams gambling on European success and seemed to recommend the Rovers model.

    Some interesting bits. One glaring error though - Fingal are apparently playing Drogheda in the play-off.

  9. #29
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    Quote Originally Posted by Acornvilla View Post
    intertoto cup when glenn roder was in charge
    Psssshhhhhh..... I bet you had to research that

  10. #30
    Seasoned Pro Acornvilla's Avatar
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    Quote Originally Posted by galwayjames View Post
    Psssshhhhhh..... I bet you had to research that
    i did'nt actually! if i had reseached it i whould have probably given you the date? i just know a lot of random crap

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    That ST article was an interesting read i must say...

    Again, as most articles, they offer no solutions, just stating the obvious, some facts + figures i never knew about....but the best bit:

    "Our turnover is around 1.5million, around the same as a small pub in west cork!"

    ^Tom C*ughlan...

  12. #32
    Seasoned Pro Réiteoir's Avatar
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    I'm hearing on the grapevine that Bohs will come under 65% come the end of the month and will be safe from any sanction
    Kom Igen, FCK...

  13. #33
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    By the way this is the stupidest thread I've read since I've been on here.

  14. #34
    Seasoned Pro Acornvilla's Avatar
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    Quote Originally Posted by galwayjames View Post
    By the way this is the stupidest thread I've read since I've been on here.
    thenquit helping the problem

  15. #35
    First Team Dillonman's Avatar
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    Is the 65% rule subject to the time of applying for a licence or can you actually go over it say a month after getting your licence or is it an ongoing inspection, if you get where Im coming from here?

  16. #36
    Reserves Angus's Avatar
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    Quote Originally Posted by galwayjames View Post
    By the way this is the stupidest thread I've read since I've been on here.
    I don't disagree but I will see your "stupidest thread" and raise you a "stupidest issue in the League".

    All of this chutney about the league and finances and tv money and sponsorship and marketing and the salary cap and fran gavin is all flannel unless the clubs start to manage.

    This league is financially viable, decent quality, great entertainment, not so good facilities admittedly with the big flaming elephant in the room being the crass mismanagement of individuals in clubs
    DB Cooper is alive !

  17. #37
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    Quote Originally Posted by Dillonman View Post
    Is the 65% rule subject to the time of applying for a licence or can you actually go over it say a month after getting your licence or is it an ongoing inspection, if you get where Im coming from here?
    For the purposes of licensing, it's assessed once a year, based on your end of year accounts. That's supposed to be a yes/no decision - if you're over you're punished with relegation. No one's been punished in this way yet (well, arguably Cobh might have, but they went for bigger reasons), which smells fishy (well, fudgy) to many people here.

    Separately, they also keep an eye on it in the monthly accounts. If your projected budget is way off, they can impose a transfer embargo and possibly other sanctions until you fix it. This has happened to Galway at least, possibly others.
    You can't spell failure without FAI

  18. #38
    Biased against YOUR club pineapple stu's Avatar
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    The clubs will get punished for the 65% rule when they break it and it's not a practice. Last year a practice. The system works.

  19. #39
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    Can anyone tell me how the FAI monitor the 65% rule, do they have their own external auditors to check these clubs out or are they relying solely on the joker accountants at a club to pass on the numbers?

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    Coach John83's Avatar
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    Quote Originally Posted by sixesandsevens View Post
    Can anyone tell me how the FAI monitor the 65% rule, do they have their own external auditors to check these clubs out or are they relying solely on the joker accountants at a club to pass on the numbers?
    The end of year accounts used to assess the rule for licensing are supposed to be audited.

    For month to month monitoring, the FAI's compliance officer (Smith, who was interviewed here last year) just goes over a form the clubs fill out themselves - open to fraud, I guess, but if they don't tally with the end of year accounts, that should ring alarm bells.
    You can't spell failure without FAI

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