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Thread: Possible Celtic/Shamrock Rovers deal.

  1. #141
    Seasoned Pro Ezeikial's Avatar
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    Quote Originally Posted by sbgawa View Post
    Old news in every sense, club made a loss of 100k last year and 400k in the academy all of which was recouped by the sale of Bazunu for 500k which wasnt included in the accounts.
    .
    Accounts by definition are an historical record or old news

    The combined loss of 500k is one aspect, but the 2m figure must be a concern

    Accounts recently filed for Shamrock Rovers FC (SRFC) show its liabilities exceeded its assets by 1.28 million last year, while Shamrock Rovers Academy (SRA) had a deficit of 764,000.

  2. #142
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    Quote Originally Posted by Ezeikial View Post
    Accounts by definition are an historical record or old news

    The combined loss of 500k is one aspect, but the 2m figure must be a concern

    Accounts recently filed for Shamrock Rovers FC (SRFC) show its liabilities exceeded its assets by 1.28 million last year, while Shamrock Rovers Academy (SRA) had a deficit of 764,000.

    If they lost 100k whilst receiving 750k in transfer fees (burke and bazuna) that year what will the losses be this year without them and only undisclosed fees for bolger and clarke and with an increased wage budget

  3. #143
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    Quote Originally Posted by Ezeikial View Post
    Accounts by definition are an historical record or old news

    The combined loss of 500k is one aspect, but the 2m figure must be a concern

    Accounts recently filed for Shamrock Rovers FC (SRFC) show its liabilities exceeded its assets by 1.28 million last year, while Shamrock Rovers Academy (SRA) had a deficit of 764,000.
    No more a concern than it was this time last year when it was exactly the same (including the Bazunu money).
    The deficit is covered by a non recourse loan to a member, drop up to Roadstone and look at what it has achieved.
    I take your point Stu on putting money in the year you receive but when it is so material that it needs to be noted then it is possible to do a bit of mental arithmetic.
    By the time these accounts were filed the money was in the bank.
    Another year of big investment in the Academy gone by more pitches laid down and players maturing and developing.
    I am genuinely looking forward to seeing more kids from the Acdemy make the first team.

  4. #144
    Biased against YOUR club pineapple stu's Avatar
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    It may well merit a note somewhere - it certainly was in the article, for example, and it could go in as a throw-away comment in the Directors' Report for example - but it wouldn't go into the 2018 accounts.

    Accounts are typically filed as much as 11 months after the year-end. You can't go making notes on everything that's happened since then, even if you restrict it to just material items.

  5. #145
    Seasoned Pro marinobohs's Avatar
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    Quote Originally Posted by pineapple stu View Post
    It may well merit a note somewhere - it certainly was in the article, for example, and it could go in as a throw-away comment in the Directors' Report for example - but it wouldn't go into the 2018 accounts.

    Accounts are typically filed as much as 11 months after the year-end. You can't go making notes on everything that's happened since then, even if you restrict it to just material items.
    It was noted in the accounts, as mitigation of the otherwise concerning loss. I think it was because the transfer had occurred but had not been completed (possibly due to International clearance ?). As it was at least partly agreed I wouldn't see a problem in noting such a big transaction even though it could not be included in the accounts (but no expert !)
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