QuoteDeluded. Alwasy looking for the easy way out of a big mysterious financial backer.Originally Posted by thejollyrodger
Im not as worried about Shels as I once was. To be honest I think this is just a process that a lot of big clubs are going to go through before the FAI take over the league. I think Shels will be able to find the money and put the club on a good footing for the start of 2007 league.Soccerlines
ADVERTISEMENT
FAI won't bail out cash-strapped clubs
REPORTS that the Revenue Commissioners were chasing Shelbourne, and that the Tolka Park club had debts of almost €1m, sent shockwaves through Eircom League circles last week, writes Seán Ryan.
In the past, when clubs got into financial difficulties, the FAI came to their rescue. This happened to Bohemians, Drogheda United, Dundalk and Limerick at one time or another, but yesterday FAI chief executive John Delaney made it clear that those days are over.
"We can no longer bail out clubs under the UEFA licensing system," he said. "We couldn't help one and neglect the others. We have to preserve the integrity of the licensing system."
Shelbourne's troubles are said to be of a short term nature and the club are expected to discharge their debt within the next fortnight. The consequences if they didn't would be that the club would be wound up and thus lose its most valuable asset - the lease it has on Tolka Park.
The licensing system is designed to bring the difficulties clubs run into to the fore. Each of the 22 clubs have to provide the FAI with annual audited accounts, and then have to present monthly management accounts to an independent committee, chaired by Liam Moggan of the NCTC in Limerick. Sanctions are imposed where clubs are failing to meet their targets or overstepping their budgets.
The system operated by the FAI is stricter than that operated by the IFA in Northern Ireland, where only the clubs that qualify for Europe are expected to meet the UEFA licensing criteria.
By monitoring the clubs every month, the FAI hope that they will see problems before they become fatal. With 22 sets of audited accounts listing the cost of running the club, the club's turnover, its indebtedness and its assets, the FAI are getting a clearer picture of the industry prior to the official merger this summer.
With the clubs having given their consent to the merger, a group has been working on a document to bring to the League AGM this summer, which will outline how the FAI will run the League, leaving the clubs to run themselves.
Already the FAI's involvement has been to the League's benefit. Prize money has risen from €98,000 to €450,000, live TV games increased from five to 44, and the Government have provided €5.2m in capital grants for League clubs.
One of the big issues to be resolved by the merger group is the criteria which clubs will have to meet for acceptance into the premier division. Based on that, they will then decide how many clubs will be in the top division. Judging by the present monitoring process, it would seem to be in the clubs' interests to keep their noses clean if they want to be part of the premier division in 2007.
http://www.unison.ie/irish_independe...issue_id=13821
Hopefully by then a financial backer would get invovled and invest €1-2million per year. If we had that we could really challenge for the group stages in Europe.
Deluded. Alwasy looking for the easy way out of a big mysterious financial backer.
To be honest, I think the only shock would be if the debts were that small! We've heard that Shels lost the guts of a million last year so based on that it'd be hard to believe their liabilities were only 50k starting last year. There's a lot of numbers being thown around and some of them flatly contradict each other.REPORTS that the Revenue Commissioners were chasing Shelbourne, and that the Tolka Park club had debts of almost €1m, sent shockwaves through Eircom League circles last week, writes Seán Ryan.
Interesting. Seems pretty much like an admission that the FAI has helped some clubs but not others in the past. Hardly a surprise of course, but a pretty shocking admission from a football governing body when you think about it.In the past, when clubs got into financial difficulties, the FAI came to their rescue. This happened to Bohemians, Drogheda United, Dundalk and Limerick at one time or another, but yesterday FAI chief executive John Delaney made it clear that those days are over.
"We can no longer bail out clubs under the UEFA licensing system," he said. "We couldn't help one and neglect the others. We have to preserve the integrity of the licensing system."
I thought the vote was a statement of intent, but not an actual commitment to merger due to the fact that the FAI haven't brought their plans to the table yet?With the clubs having given their consent to the merger, a group has been working on a document to bring to the League AGM this summer, which will outline how the FAI will run the League, leaving the clubs to run themselves.
Eh? I'm not saying the FAI haven't helped to some extent but are they seriously claiming credit for all this? These are the same people who nearly got all aid to the league frozen last year due to their refusal to have a proper process after Rooney was shafted.Already the FAI's involvement has been to the League's benefit. Prize money has risen from €98,000 to €450,000, live TV games increased from five to 44, and the Government have provided €5.2m in capital grants for League clubs.
no-one has ever invested the money in any loi club you think will just fall into your lap. im actually starting to fear for shels as a club because their fans obviously dont know/care what a serious prediciment this is
The groundshare is not going to happen, the sooner the FAI, Shels and the media wake up to this fact the better for Shels so they can plan for their own future. I can see pressure bieng put on Bohs to accept this but I honestly don't think there is a hope in hell given the value of Dalymount and a move. Also hopefully Pats block any move to Tallaght and leave Rovers there and we can all plan for our own futures.
Yes, the implication is that John Delaney established a new Irish sports channel in order to give the League a bit of a boost and make the FAI look good
SIGNATURESCOPE
The other implication is that the FAI only started doing its job a year ago. The article presents a scenario of before and after the FAI helped out.Yes, the implication is that John Delaney established a new Irish sports channel in order to give the League a bit of a boost and make the FAI look good
Posting Permissions
Bookmarks