Club Finances

**sligoman** · 28/02/2011, 12:12 AM

Dodge, you seem to be a wee bit suspicious of us, any chance you'd offer your opinion on how we're paying them so?

Originally Posted by redobit

Also I assume the fees for Coleman would not be included in those figures as that all happened the season before.

Think he's on about the fella Shams gave us for free and we made a profit on, Almond was his name I think. Also, some of the Coleman add-on's would have come in 2010.

**poster** · 28/02/2011, 12:12 AM

Originally Posted by Dave_SRFC

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

**northwestexile** · 28/02/2011, 12:17 AM

"When the FAI took over its running four years ago, the combined debt of the clubs was a staggering �7.5m. This has been reduced to a manageable �900,000, with 11 clubs recording a profit from last year's activities, and a further six clubs recording losses of less than �20,000.
These figures come from the audited accounts presented to the FAI, and show also that very little is owed to the Revenue Commissioners -- between �200,000 and �300,000. In fact, the clubs' finances have gradually been put into shape through the Club Licensing Agreement, with the cost-base reducing yearly."

http://www.independent.ie/sport/socc...s-2558011.html
Above quote from an article in the Independent by Sean Ryan. Seems to back up the claim made above.

**Red4Eva** · 28/02/2011, 3:17 AM

Our Turnover was approx. �1,250,000. We spent under 50% of that on players wages. We have 480 members in 400 club contributing �20/month. We have a car park and astro turf pitch bringing money in every week. We always have a very small squad (in the cup final we had 2 keepers, a kid and an A team player who never played senior football on the bench). Money from Seamie, Amond and Everton friendly.

**Rasputin** · 28/02/2011, 9:26 AM

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?

The FAI owe us (no sniggering down the back) a 6 figure sum, now take into account what we owe the FAI and all other deductions I think the actual figure we are owed by the FAI is 120,000.
So combine that with the 65k, we made a healthy profit.
Like Rovers fans were on here saying, we were never offering silly money to players like Shams or Bohs.
Alot of the squad were fulltime training but in no way is that comparable to say Drogs, Cork or Bohs "fulltime model".
We have seen our accounts at the AGM, they are not secret.
So plenty of laughs at Shams fans saying our financial health is bull****, how much debt did yee make last season again?
Also could the Shams fans on here crying hysterically about some bogus "financial investigation" into our finances a few months ago tell us when this "investigation" will be published?
Will it be published about the time your debts reach 1 million, not far off it now are yee?

**Rasputin** · 28/02/2011, 9:29 AM

Originally Posted by Red4Eva

Our Turnover was approx. €1,250,000. We spent under 50% of that on players wages. We have 480 members in 400 club contributing €20/month. We have a car park and astro turf pitch bringing money in every week. We always have a very small squad (in the cup final we had 2 keepers, a kid and an A team player who never played senior football on the bench). Money from Seamie, Amond and Everton friendly.

Thats not even taking into account the famous Rovers lotto that has raised alot of money for the club.
The sponsorship deals and fundraising from the club, to the trust to even FR.
The fact that so much of day to day work is done by volunteers, I.E. the Showgrounds tidy up or painting the dressing rooms etc.
Anyways the figures are in black and white in our accounts, so let Shams fans paw themselves over their fantasy investigations on the always-ultras forum while their debt mounts, how many players in their "part-time" squad again?

**Dodge** · 28/02/2011, 9:49 AM

Lads I know how much you're paying some of your players, and you're living in dream world if you think you only spent €600k on wages.

Even pretending that you made a profit this year (based on fees for Amond, the Everton friendly & prize money).

What happens this year without the fees and with drastically reduced prize money?

**Nesta99** · 28/02/2011, 10:21 AM

If you were to believe the Spews of the World Ndo is the League's top earner on 36k pa....

**Macy** · 28/02/2011, 10:55 AM

Originally Posted by northwestexile

Above quote from an article in the Independent by Sean Ryan. Seems to back up the claim made above.

That €900,000 can't possibily be right? Sure some clubs have debt more than that on their own.

**Red Army** · 28/02/2011, 11:26 AM

Dodge how do you know how much we are paying players? Because I can grantee you don't.

**L.T.F.C.** · 28/02/2011, 11:36 AM

Originally Posted by Red Army

Dodge how do you know how much we are paying players? Because I can grantee you don't.

And that is a better grantee you'll get anywhere else!

**Dodge** · 28/02/2011, 11:43 AM

Originally Posted by Red Army

Dodge how do you know how much we are paying players? Because I can grantee you don't.

I know some of your players. I even highlighted the some bit for you. But if you can guarantee I don't, then so be it

Originally Posted by Macy

That €900,000 can't possibily be right? Sure some clubs have debt more than that on their own.

Bohs is in the millions anyway

Originally Posted by sligoman

Dodge, you seem to be a wee bit suspicious of us, any chance you'd offer your opinion on how we're paying them so?

Sorry Sligo man, missed this earlier. I haev no clue how you're doing it, thats why I asked.

**Nesta99** · 28/02/2011, 12:17 PM

Upon opening this thread I didnt realise that I was setting Sligo up to be the next Bohs, Drogs, SF, etc as the next club to have the finger pointed at regarding possible overspending. I hope this thread will not be another that down the line will be quoted back showing fans heads in the sand syndrome!!

**Red Army** · 28/02/2011, 12:24 PM

I love when people come out with I know x and he told me how much he is on... players will always say they are on a bit more then they are when talking to ex employers or future employers. Unless you can back up what your saying with some proof then its clear your talking s*ite. To answer your question on how we are doing it? Loads of hard work behind the scenes by some really committed people. I'm sure most clubs are the same. Do you think we are just relying on attendances

**Red Army** · 28/02/2011, 12:35 PM

Far from over spending nesta99 when the reason Boco wasn't signed was only a couple of hundred a week. The club have a modest budget and won't break it.

**Nesta99** · 28/02/2011, 12:49 PM

Wasnt saying you are overspending Red i was observing the possibility that Sligo have replaced other clubs as the Foot.ie club of concern ;p

**poster** · 28/02/2011, 12:50 PM

Originally Posted by Red Army

Far from over spending nesta99 when the reason Boco wasn't signed was only a couple of hundred a week.

It was also the reason Mr.s Brennan, Quigley, Byrne, Powell and others weren't signed.

**Dodge** · 28/02/2011, 1:09 PM

Originally Posted by Red Army

I love when people come out with I know x and he told me how much he is on... players will always say they are on a bit more then they are when talking to ex employers or future employers.

I'm not a past or future employer.

Unless you can back up what your saying with some proof then its clear your talking s*ite.

No, its clear you disagree. Why would the players concerned lie to me? I've no vested interest

Do you think we are just relying on attendances

Of course not. but its a small enough starting point for you 1.2 million turnover

**Macy** · 28/02/2011, 1:23 PM

Originally Posted by Dodge

Bohs is in the millions anyway

That's what I figured, and while they may be the biggest, they're not alone with accumulated debt - I can only assume they mean losses rather than debt (whether it's spin or just a mistake is a different question).

btw You'd have to be nuts, or a very recent convert to the LoI, not to be skeptical about Sligo (whether it's fair or not!).