Shamrock Rovers Examinership Thread

**manic da hoop** · 13/04/2005, 11:50 AM

Originally Posted by Macy

I get all that, but whats to stop him heading up some other spoofer and remaining there post examinership, debt free to do it all over again? I really do hope not, but is there the possiblity of him out bidding the 400club or others at the end of it? Considering the 400club funds will be stretched by the end of the examinership period? I really hope the 400 club becomes a major player, so finally, does the investment during examinership by the 400 club equate to shares at the end of it?

It is part of the examiner's remit to go out and seek new investors to take over once his job is done. Ultimatly the club will be open to the highest bidder whoever he, she or they will be. Phase 1 is to get through the next three months, phase 2 is to ensure the club has a long and viable future beyond that point. There is, of course, nothing to stop Maguire (or anybody else) forming a consortium and making a bid, but this is unlikely. afterall, the main reason these people have stayed in place all this time was in order to somehow recoup the money they have invested over the past 2 or 3 years. The central purpose of the examinership is to present the club as a whole new attractive business proposition to fresh faces with cash to spend. If none are forthcoming then, irregardless of whether it is left up to either Maguire or ourselves (400 club), we are FINISHED!

**Ringo** · 13/04/2005, 12:43 PM

Originally Posted by manic da hoop

It is part of the examiner's remit to go out and seek new investors to take over once his job is done. Ultimatly the club will be open to the highest bidder whoever he, she or they will be. Phase 1 is to get through the next three months, phase 2 is to ensure the club has a long and viable future beyond that point. There is, of course, nothing to stop Maguire (or anybody else) forming a consortium and making a bid, but this is unlikely. afterall, the main reason these people have stayed in place all this time was in order to somehow recoup the money they have invested over the past 2 or 3 years. The central purpose of the examinership is to present the club as a whole new attractive business proposition to fresh faces with cash to spend. If none are forthcoming then, irregardless of whether it is left up to either Maguire or ourselves (400 club), we are FINISHED!

With all due respect an Eircom League club is no an "attractive business proposition". Rovers are not alone in that regard. i'd doubt maguire lost any money , if the club owes 2.5million

**higgins** · 13/04/2005, 1:02 PM

It would be interesting to know how much shels are in debt yes? But you have to weigh it up against what shels have to offer and what the banks think they are worth....Assuming Shels and Rovers owe nothing and both went for a 1 million loan. Shels would be more likely to get it. Rovers for their current league position and assets should not owe 2.36million??.

They cant just run up debts and then wipe it clean with new owners?

Its not fair on other clubs who they have gained an advantage over. If they were to continue with the debt but cut back and restructure themselves I wouldn't want any penalty. That's not the case so I hope they get what's coming to them. Wouldn't it be nice if the 22 EL clubs could magically put a +2,000,000 on their accounts this year

One question I have is does the examiner have to sell off anything he can in order to pay the debts? Will he suggest certain players are released/sold or who decides on the wages for the next 70days?

**Macy** · 13/04/2005, 1:21 PM

Sure Shels could always give up their lease on Tolka for a nice payout from the tax payer to clear their debts. Surprised Ollie never thought of that...

**manic da hoop** · 13/04/2005, 1:21 PM

Originally Posted by Ringo

With all due respect an Eircom League club is no an "attractive business proposition". Rovers are not alone in that regard. i'd doubt maguire lost any money , if the club owes 2.5million

Well it's up to use to market club in the best way we can, first we have to get our house in order and then take it from there. Shamrock Rovers is the biggest name in Irish football, we're not talking about some pub team like cHF here- there is massive potential at this club. It's just a case of having the right people in place to realise it.

As regards Maguire, well like all creditors he will stand to recoup whatever percentage of his investment that the examiner sees fit.

**dcfcsteve** · 13/04/2005, 1:46 PM

Originally Posted by Ringo

heard that one before & its been answered before. it the biggest story around at the moment & cosidering what the Rovers board did to DC last year, you can't blame me for being interested.

Here Ringo - what exactly did the Rovers board do to Dublin City last year that hadn't already been done by your rubbish results all season on the pitch ? Wsa obviously their fault you got relegated....

Get over it and move on. Either that, or go seek therapy......

**gspain** · 13/04/2005, 1:53 PM

Originally Posted by dcfcsteve

Here Ringo - what exactly did the Rovers board do to Dublin City last year that hadn't already been done by your rubbish results all season on the pitch ? Wsa obviously their fault you got relegated....

Get over it and move on. Either that, or go seek therapy......

The argument though and it is one Jim Roddy used to use is "If Rovers had not been spending money they did not have on players then potentially they and not DCFC would have gone down".

**Ringo** · 13/04/2005, 1:53 PM

Originally Posted by higgins

The same can be then said of every club within the league

You actually bought your way to premier division survival last season by building up more debts at the expense of clubs like Dublin City

I'm not a Dublin city fan and think they are a 1st division team but it gives nobody the right to overspend and gain an advantage.

This rule of examinership is crazy. You get away with clearing debts and a clean slate while others such as Shels still have plenty of Debts!! This cant go unpunished surely??? The point was made that Pats and shels also have debts and yes that's true but you either manage your debts within the club an play football within your budget or you drop out of the league and go down the road of examinership.

You cant have your cake and eat it...

I'll be shocked if after 70 days you are allowed continue trading as normal with no points reduction or players wage reduction or enforced relegation and your 2million less in debt! That's a crazy idea.... Are rovers fans for real when they think that will happen?

Read this post. Roddy was in discussions with Rovers board, while he was still manager of Dublin City, the team that was in a relegation battle with Rovers. Players Roddy signed , refused to play for DCFC.They were also not paying their players & shouldn't have been given a licence, if they had been honest with the licencing board.

**Passive** · 13/04/2005, 2:13 PM

After the examinership, the club will effectively be up for auction. Maguire can only take control if he offers more than the 400 Club. Alternatively, Maguire can only remain in charge of Rovers if the 400 Club vote him back in. Neither of these options are going to happen.

**dcfcsteve** · 13/04/2005, 2:14 PM

Originally Posted by Ringo

Read this post. Roddy was in discussions with Rovers board, while he was still manager of Dublin City, the team that was in a relegation battle with Rovers. Players Roddy signed , refused to play for DCFC.They were also not paying their players & shouldn't have been given a licence, if they had been honest with the licencing board.

You were nigh-on doomed before Roddy even joined Dublin City, ffs ! Why do you think he was brought in in the first place..... ?

If it hadn't been for 11 Derry players letting a 2:0 half-time lead slip in October, because they were too busy thinking about their Halloween costumes, you'd have been doomed even earlier.

That aside - shoddy business practices (incl not paying players) are completely unacceptable, though have been prevalent within our league for too long now. Were Drogheda also not guilty of holding-back on pay at one point last season or the one before ? Dundalk also ? But who actually runs the league anyway ? All clubs need to put the foot down on this one - each of our club's share responsibility for the fact that this stuff goes on unaddressed/unpunished. Only crying about it when it affects you is hardly the right approach.

Dublin City went down last season because you were easily the worst team in the Premier. Playing the 'What If' history game changes nothing, achieves nothing, and just prolongs your pain. Get over it...

**manic da hoop** · 13/04/2005, 2:46 PM

Some people, ok maybe just the bitter cHF fan, seem to be of the opinion that Rovers fans have no problem with the idea of screwing creditors and not paying our players. The idea that anyone of us would defend the behaviour of our shoddy board would be laughable if it wasn't so serious. This club has been downright reckless, we've been calling for regime change for longer than anyone here seems to realise. What is happening now is a process of rectifying those problems and ensuring that it never happens again. If any other club in this league went public about such matters, and then the fans came out and declared they were staging a coup I would welcome it as a positive step that would be beneficial to the league as a whole. Now I'm not saying that if you scatch the surface at any given club you'll uncover �2million plus debts, but the idea that everyone else in the eL is squeky clean bar us is absurd. Let he who is without sin and all that...

**pete** · 13/04/2005, 5:44 PM

I don't think a fan of any other club can point the finger at Rovers for this. What clubs hasn't "folded" before & re-emerged under a different. I know city have done it in the 90's (better run now than ever before).

If the era ofd licencing is to mean anything it will probably have to ensure that clubs cannot fold & re-emerge under different holding company name but does not look like anything to prevent Rovers doing this in 2005. I think licencing should mean that if holding comoany folds then club would get relegated or have to start in junior football again?

If licencing brings in % wage cap then will be massive changes in the eL as would be few clubs sticking to even 80% wages to revenue ratio at the moment.

**Slash/ED** · 13/04/2005, 5:59 PM

Originally Posted by Ringo

heard that one before & its been answered before. it the biggest story around at the moment & cosidering what the Rovers board did to DC last year, you can't blame me for being interested.

What the Rovers board did to CHF was 'just business'. Happens all the time in the business world and sure we can't be making exceptions just because it's a football team can we?

**Ringo** · 13/04/2005, 7:22 PM

Originally Posted by Slash/ED

What the Rovers board did to CHF was 'just business'. Happens all the time in the business world and sure we can't be making exceptions just because it's a football team can we?

No it s not & no it doeent happen all the time in the business, in most cases its against the law. Its not a football team thing, it happened between two business's, that are supposed to regulated

by The eircom League. It wouldn't happen in any other country in the world.

**Slash/ED** · 13/04/2005, 7:31 PM

Originally Posted by Ringo

No it s not & no it doeent happen all the time in the business, in most cases its against the law. Its not a football team thing, it happened between two business's, that are supposed to regulated

by The eircom League. It wouldn't happen in any other country in the world.

It happens all the time, Roddy was legally entitled to do what he did, since you care so much about football clubs being businesses, your whinging is laughable.

And employees get poached all the time in the world of business I can't believe you'd try and deny that.

**Carlin** · 13/04/2005, 7:48 PM

Originally Posted by pete

What clubs hasn't "folded" before & re-emerged under a different.

Eh Bohs. 115 years trading as the same company.

Continue on......

**kevincronin2000** · 13/04/2005, 7:51 PM

Maybe Dublin City could change their name to "Home Farm everton fingal dublin city shamrock rovers fc" if rovers where to go out of business

**colblimp** · 13/04/2005, 9:21 PM

This must be one of the most boring threads ever!

Throw 'em out of the league and be done with it.

**mypost** · 14/04/2005, 4:06 AM

Originally Posted by Caleb

2.36m in debt, players not being paid, examiner appointed by the court.

Any other league in the world would revoke their license or at the very least dock them 10 points.
But Oh no, this is rovers and all the bull**** that we need them in the league comes out.
The rest of the clubs in the league have to support themselves and sort out their own finances but time after time rovers have been bailed out by the FAI and the government.
They cant get their stadium built and they cant run a football club, by keep giving them money and time isnt helping, obviously.

The other clubs can vote to have them expelled from the league for the next season due to misconduct. i hope this happens and rovers learn once and for all its the same rules for EVERY club

Regardless of all of the above, Rovers are a special case, because we don't have our own ground. Everyone else does. They all have a base to support themselves financially, whereas we have nothing. We wouldn't be in the mess we are in, if we had the (relative) luxury of being able to play our home games, in our own ground. As our only income is from charity, goodwill, and handouts, we are entitled to special treatment, from the various authorities. When we are in a position to be able to play by the same rules as everyone else, we will.