Leagues Financial facts & Rumours thread

[Schumi]

Looks like its endgame for the Drogs after Players and Administrative Staff not paid today so Harps get to stay up is it.

They're not the first to go a week without paying players are they? I thought once they were paid up to date by the end of November they could get a licence.

[Jersey Cow]

Very sorry to hear of Drogs news....a dreadful day again for Irish football....

[gufct]

They're not the first to go a week without paying players are they? I thought once they were paid up to date by the end of November they could get a licence.

They owe the players a hefty six figure sum in wages allegedly that has to be paid by 31st November.

[eelmonster]

They still have nine days to pay their players, plus Meath CC are due to make a statement on the planning application for the new stadium later today.

[soccerc]

They owe the players a hefty six figure sum in wages allegedly that has to be paid by 31st November.

That's the 12th of never so, the 31st of November?

[gufct]

That's the 12th of never so, the 31st of November?

Wide awake I am John. Might as well be the 12th of never.Whats going to happen with all the clubs do u think.

[Dodge]

They're not the first to go a week without paying players are they? I thought once they were paid up to date by the end of November they could get a licence.

They're the first to not pay them at the end of the season. Drogheda have little or no income now...

[adamd164]

http://www.setantasports.com/en/Spor...mier-Division/

Drogs won't be paid this week by Niamh O'Mahony, 21 November 2008
In a further blow, it has been confirmed that Drogheda United's contracted players and staff will not be paid at all this week.
The club are currently in Examinership but, in contrast to rivals Cork City who went through the same process, have not attracted any public offers of help or investment at this stage.
Eight players remain under contract and they, along with the staff, received a text message on Thursday evening, which read: "To all players and staff. We are sorry to inform you that due to cash flow difficulties the club is unable to pay salaries this week."
Under current rules, the club will not be awarded a Premier Division Licence next season if all the players and staff are not paid monies due to them by the end of the month.
The squad were paid last week but only after threatening to go on strike for their final league game against St. Pat's if they were not; they subsequently lost 2-0.

[Mr A]

Everyone keeps saying that Drogheda could be demoted if they don't settle up with their players- but doesn't that rule apply to both divisions?

If my understanding of the rules is correct they may not be eligible for a license for either division. I really hope they can sort themselves out but it certainly isn't looking good and i seriously doubt the club will survive examinership.

[Mental Man]

If you think thats bad, word is just breaking down on Suir side that WUFC is officially about to go under, there has been a few resignations within the MC and no money is available to pay the players from what they were promised earlier.
Thats the reason why Gareth Cronin left, he heard what was coming down the line, there now is a very strong possibilty there may not be a club around for the start of the 2009 season, its be coming for a while but now it looks as if its finally happened, sad day indeed for LOI football in Waterford .

[brianw82]

If you think thats bad, word is just breaking down on Suir side that WUFC is officially about to go under, there has been a few resignations within the MC and no money is available to pay the players from what they were promised earlier.
Thats the reason why Gareth Cronin left, he heard what was coming down the line, there now is a very strong possibilty there may not be a club around for the start of the 2009 season, its be coming for a while but now it looks as if its finally happened, sad day indeed for LOI football in Waterford .

That's bad news. The league needs clubs in places like Waterford. Where is the support in times like these? Where are all the yahoos that were in Croker for the hurling?

[White Horse]

Everyone keeps saying that Drogheda could be demoted if they don't settle up with their players- but doesn't that rule apply to both divisions?

If my understanding of the rules is correct they may not be eligible for a license for either division. I really hope they can sort themselves out but it certainly isn't looking good and i seriously doubt the club will survive examinership.

Unfortunatley, the premier licence is the least of Drogheda's problems. The club is almost gone.

[passerrby]

your spot on Mr A if a club has not met its financial obligations then they cannot be put into the first div where all the clubs have met theres

[Longfordian]

I heard somewhere that the date for paying the players has gone back to 31st January. That's when the audited accounts have to be in and the auditor must certify that there is no money owing to players at that date. The accounts were initially supposed to be in for 30th November but that date was put back a couple of weeks ago.

[Mr A]

Wouldn't go that far passerrby!

[passerrby]

but if all the clubs in the first div have to meet the same critira as the prem div ie pay outstanding wages then how is it fair to sent a club down to the first div as if its a punishment league.
if its wrong in the premier then its wrong in the first div

[Dodge]

I heard somewhere that the date for paying the players has gone back to 31st January. That's when the audited accounts have to be in and the auditor must certify that there is no money owing to players at that date. The accounts were initially supposed to be in for 30th November but that date was put back a couple of weeks ago.

When was the Drivetime thing? Fran gavin was still talking about November 30th then

Disaster if Waterford go...

[pineapple stu]

Everyone keeps saying that Drogheda could be demoted if they don't settle up with their players- but doesn't that rule apply to both divisions?

Pedantic, I know, as I agree it's looking more likely Drogheda won't be around at all next year, but should that read "apply to all three divisions"? If a club doesn't get a licence, would they end up in the A League rather than the First?

Also, no idea how true this is, but I met one of the schoolboy scouts for UCD at the Kildare game, and he was saying that FAI rules state that once you're relegated, you're relegated, end of story. Upshot of this is that if Drogs go, Harps are still down and Shels would be up. Again, don't know if this is correct, and of course the rules may have been re-written in 2006. It's not something that's ever happened though (a Premier team going bust after the First Division and in a non-new-makey-uppey league season).

[harps1954]

I heard somewhere that the date for paying the players has gone back to 31st January. That's when the audited accounts have to be in and the auditor must certify that there is no money owing to players at that date. The accounts were initially supposed to be in for 30th November but that date was put back a couple of weeks ago.

No, the financial year ends on the 30th November for every club. However, they have until the 31st January to submit the audited accounts to the FAI/Licensing Committee. If the money is outstanding to players/other clubs on 30th November, it might still take until February for the FAI/Licensing Committee to make the decision public, as they may not receive the audited accounts from every club until near the end of January.

[micls]

The outstanding money does not have to be paid to players til 31st of January.