Accounts by definition are an historical record or old newsOriginally Posted by sbgawa
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
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.
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 !)
Green light for dilution of the fans shareholding overwhelmingly approved today by members
https://www.rte.ie/sport/soccer/2019...ake-in-rovers/
https://www.the42.ie/shamrock-rovers...94287-Nov2019/
will this spook peak 6, now 2 horses in the race, what do dundalk fans really think about the longevity of peak 6's commitment to DFC
Genuinely Ez seek professional help. You have a serious problem.
So Shamrock R are valued at 8 million. This can be a benchmark where other LoI clubs can be valued by, good to have some price discovery in this area.
Will this change have implications for the rent charged by the council on Tallaght Stadium?
This might even help with the Limerick examinership in that money often follows money into certain sectors.
Clear that the members are happy with this deal, but can 2 million make such a difference, especially with Dundalk still around?
Spook - as in frighten, panic, unnerve about the prospect of some club other than Cork providing a challenge? Rather than being alarmed I imagine they would welcome the competition, if it actually transpires. Peak6 are hardly any more or less committed because of Desmond taking a shareholding - why would they be?
In the 2 seasons that Peak6 took over, Dundalk have won the league title by more than 10 points and have captured 2 leagues, 1 FAI Cup, & 1 League Cup - or 4 out of the 6 major trophies available.
Dundalk have had closer competition from Cork over the period 2014 - 2018 than what has emerged so far from anyone else. Hopefully in 2020 Rovers or somone else will be able to push Dundalk domestically in a way that could be beneficial for European performances
The key for Peak6 is likely to be trying to make progress in Europe and they appear willing to invest in the squad in pursuit of that
Posting about shams/Desmond link up in a thread about shams/Desmond link up ?
Wow, that’s some problem alright 🤔
I look forward to your forensic analysis on this!!!
This is of course where the money is in LOI, unless you can sell a player, but that can be rare and besides Europe is a better return, DFC only collected 1.1M I think this year from Europe, P6 will be looking for twice that I would say, new signings should give an indication of what their ambitions are in this front.
Need 2 decent MF's plus a another striker, maybe a left back if Jarvis leaves.
#DundalkFC - First Irish club to win an away game in Europe (1963), only Irish club to win a game / points in Europa League Group Stage (2016).
It'd be great to know what the minimum required return wanted is, even if there is a patience season on season with building a squad that is capable of making group stages again.
Agree on the need for a striker but different to the type we have - easy to say but finding a pacey poacher will be no easy task. Could Kelly be converted from a winger to a striker? Has loads of pace, shown he has an eye for goal and can finish so maybe a bit of coaching, conditioning and we might already have a chap with the basic skillset that could do that job - Thierry Henry was an average enough winger in Italy before his move to England as a top end example. But that means looking for another quality wide midfielder. Duffy is a right footer playing on the left isnt he? If a left footed winger was signed then players could be rotated across the front 3 or 4. Would help when defenders double up on Duffy that he could switch wings. I'd still love to see if Dummigan could play at left full, such a quality player to have but covering a nailed down starter in Gannon and he can play right mid. Be a shame not to see him get some real game time!
https://www.irishtimes.com/business/...s-2m-1.4384386Accounts for the club for the year to the end of last November show that its shareholders’ funds have gone from a near €1.3 million deficit to a €1.34 million surplus, following his decision a year ago to take a 25 per cent stake in the Tallaght-based club.
The timing given the covid situation turned out to be incredibly fortunate apart from the merits of the transaction on its own.
Rovers were fortunate with the timing alright. What was the 1 million loan that was “forgiven”?
Delighted with this!It also moved into profit in the 12 months before Mr Desmond took his stake, registering a €627,000 annual surplus
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