If a company lost E500k, but has also had E500k invested in it in share capital, then the cash from the latter balances out the former, and so there isn't actually any money owing to anyone. Normally, share capital is only a nominal amount (E100), so there wouldn't be much difference between the two, but here it seems there's a significant amount of share capital.Originally Posted by Poor Student
Or I suppose in simpler terms - if I give you a present of E500, and you spend it, then you've lost E500, but you aren't in debt to anyone.
It's not an entirely childish remark...more of a genuine question..who was the last LOI club to win the league and make a genuine profit? Cork? Boez under Roderick?
The Model Club
Tell all the Bohs you know
that we've gone and won two-in-a-row
and it's not gonna be three
and it's not gonna be four
it's more likely to be 5-1.
iirc The Madrid game wasn't their own - they were just paid an appearance fee, with the promoters hiring the ground, paying the teams etc.
On more general points...
Supporter owned is definitely the way to go, but there's plenty of other clubs that show that in it’s self it isn't the panacea some would suggest, especially when it comes to financial matters.
To me, the profit figure does suggest it would've been fairly touch and go if they'd have broke even, with the scenario's people have put forward earlier. However, there would also be other costs incurred by those runs as well, so maybe that's a little harsh. It'd be interesting to know where they were on the salary cap, but doubt it's broken down.
If you attack me with stupidity, I'll be forced to defend myself with sarcasm.
The Madrid game was in 2009, not 2010...
My mistake, thought it was 2010. Apologies.
Its irrelevant what year the madrid game was. We got an appearance fee and sold a few scarves that's all.
Iam absolutely amazed at how low the profit was. If that’s all they made lastseason when so much went in the clubs favour then I'd suggest a bit ofhouse-keeping is in order. Those figures don't make the future look to rosie andperhaps their much anticipated domination of the domestic game may notmaterialise.
Neale Fenn on retiring: 'I think once you finish you might as well finish rather than making all sorts of comebacks.'
Are you serious? The club made a profit and won the league and setanta. This is miles more than what the previous champions in the league have done, we didn't throw money on wages as Shels Drogheda and Bohs did previously because as a members run club we don't have the cash to do so...cop on and stop griping. A club wins the league and didn't make a loss for the 1st time in god knows how long and you pick holes in everything about it...saps.
€107000 profit seems pretty good to me. For a start Rovers sold 2500 season tickets or so which means they had that money guaranteed to them from the start. The Juventus game might have brought in some extra cash but I would imagine the trip away to Yehuda in the previous round set the club back a bit. Even if you took out the €100k difference from finishing 1st or 2nd theres still a bit left over. Not to mention the fact that football clubs in general find it hard to turn a profit never mind League of Ireland clubs.
To be fair I don't think people are having a go at the profit as such, more so had they not won the league last year, what was it 200k? they would not have posted a 100k profit.
Last edited by Quadruple1928; 30/07/2011 at 1:54 AM.
What level of profit would it be acceptable for Rovers to make? It's a fan-owned club - a modest profit is exactly what everyone concerned wants. Excessive profits would mean the board aren't running the club properly.
Why is the thread here anyway ??
Last year people were saying they made a loss in 09, some of their fans were saying it was crap etc.. now they made a profit they want everyone to know. http://foot.ie/threads/138995-Rovers-Accounts
Last edited by Quadruple1928; 30/07/2011 at 2:26 AM.
Jeez thanks for all the trouble you went to there. I didnt think Shams fans cared for one minute about what is said on this forum so maybe i missed something.They obviously just post when the agenda suits them and not before !!
107k is crap to be honest. If Bohs had pipped them last year, that would have been 100k removed from that. And whatever they got from coming second in the cup... so we're already in the red. Then the massive gates, the sponsorship and that Juve game last year they'd be well fecked up. Nothing to be screaming about at all.
Sporting F*ck All!
Rovers aren't there to make profits. They're there to win football trophies. They've paid back a bit of debt and won a couple of things. Can't see how any football fan thinks this could possibly be a bad thing
Exactly. An awful lot of rubbish like "what if they hadn't won the league?" and "what about the juventus money?".
Doesn't matter a jot.
How much did they have to pay in staff bonuses for winning the league? Why haven't you added this back?
It's way too simplistic to look purely at prize money only.
Unlike most clubs who have won the league in the recent past Shamrock Rovers certainly appear to be well run and and have not gambled their solvency on league success
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