Quotenot one bit.. if they went they would be missed big timeOriginally Posted by drummerboy
the club we love to hate
Rovers granted examinership
12/04/2005 - 3:49:04 PM
Shamrock Rovers have been granted a court-approved examinership in a move which the club hopes will end their crippling financial problems.
Branvard, trading as Shamrock Rovers, applied for the examinership – a provision in law to allow a company to suspend the payment of all debts, but continue trading, while a rescue package is put in place - last week.
It was believed by the majority associated with the club that the proposal was one of the few remaining options to keep the club in business, as they struggle with €2.3m debts and no fixed assets.
An independent investigation of the club’s accounts revealed that Branvard were financially insolvent and, if the examinership bid failed, could have faced liquidation.
But Mr Justice Peter Kelly allowed the examinership after seeking assurances that the club are looking for a long-term lease on Morton Stadium in Santry and will not renege on a payment schedule agreed with the Revenue Commissioners.
Mr Neil Hughes has been appointed examiner and he will start work immediately while the Shamrock Rovers’ supporters’ trust, the 400 club, will bankroll the day-to-day running of the club.
http://www.breakingnews.ie/2005/04/12/story197750.html#
not one bit.. if they went they would be missed big time
the club we love to hate
btw, where's conor "kicking king" clarkson these days ?
You could always learn to hate someone else
So could you, thanks for all the info on Rovers, but you seem a tad fixated on them.....
One Justice Kelly, there's only one Justice Kelly...
Where will Rovers next home match be played? Dalymount or Morton?
Always look on the bright side of life
Said it before and i will say it again the day shamrock rovers leave the league it will be the WORST day in the history of the league.
said on the news there that the future of rovers could possibly hinge on the good will of the tax man who is owed is 560,000 euro's
save the sheep shaggers bring back beheadings for waherford
Usually an oxymoron...
If Rovers do fold, how easy would it be to get back into the league, as some have suggested? The Italian teams mentioned elsewhere - and likewise the likes of Aldershot and Telford in England and Dynamo Dresden (?) in Germany - re-entered the league way down the rung and got promoted back up...but we don't have that system. In 30 years' time, will Shamrock Rovers be like Drumcondra are today?
Really hope they come good. Off all the Dublin clubs nothing gets the blood boiling on match day than a visit from rovers, maybe bohs. The other 2 pats and shels games where always a bit too lightweight
well according to media reports today they failed/defaulted to met the schedule the tax man set for them how much good will does the taxman have left for them?
save the sheep shaggers bring back beheadings for waherford
How can everything be ok after the 70-100 days?
Wont you still have 2.36million of Debts!!! Who is going to pay those off?
John Delaney!! GET OUT!!!
www.ssdg.ie
They may make a deal to pay 10-30cent in the euro of their debts. I suspect most debts are in the stadium which IMO clubs are stupid trying to pay off upfront (i.e. its like someone paying for house upfront with no mortgage).
I don't think tax man usually does deals with tax owed.
I can't understand how Rovers got the taxman to write them a tax clearance certificate as surely was no chance they'd pay 500k+ tax bill in the short term.
Fans can only do so much (400 club etc...) for their club but I think the Rovers board(s) have been very irresponsible in their managing of the club. Maybe the people should need a licence to run irish football clubs?
Post it as i see it. Not a lot else happening at the moment. If nothing else its something the concerns every Eircom league club. The same thing could happen to a lot of the top teams.
I think you pay a percentage of what you owe out, for example say 20 cent for every euro you owe. Might sound strange but if you are owed money and the club goes in liquidation you get nothing.
All Rovers stuff goes here. No multiple threads please.
Yeah, but 5% of 2.36 million is still €118000, which is a fair oul whack of cash when you can't pay the wages as it is.
If you're ever stuck for an answer to the question'Why does EVERYBODY hate Dublin City FC?', just have a look at the quote you posted above. It's MORE than a business! Good luck Rovers.
Rovers problem in facing their debt situation is having no collateral against which a loan could be secured. How many other eL teams are there who don't own their ground and who could face similar problems in coping with debts?
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