Cork Winding up Notice?

**el punter** · 07/07/2006, 10:03 AM

How have Bohs managed to amass a revenue liability of close on half a million?

**Dodge** · 07/07/2006, 10:11 AM

Originally Posted by el punter

How have Bohs managed to amass a revenue liability of close on half a million?

Same way they gave a contract worth that to Gareth Farrelly...

**pete** · 07/07/2006, 10:26 AM

Dublin Citys 70k seems large for squad of part-time players. I think fulltime teams are always likely to have bigger tax bill.

**pineapple stu** · 07/07/2006, 10:33 AM

Originally Posted by Dodge

At one stage I think ours was above 500K... As Nightdub said we're closer to 50K than 100K now

In Pat's previous accounts, the amount was E330 or so. So, yes, it appears to be coming down significantly.
Pete - the important question regarding Dublin City's liability (and everyone's, I suppose) is how old is it? Is it two or three years that they haven't paid? It isn't necessarily just the most recent year.

**Partizan** · 07/07/2006, 10:39 AM

AFAIK, we have significantly reduced ours.

**el punter** · 07/07/2006, 11:04 AM

Originally Posted by Dodge

Same way they gave a contract worth that to Gareth Farrelly...

How is that structured does anyone know? Why would any club pay half a million to a rookie manager?

**Schumi** · 07/07/2006, 1:48 PM

Originally Posted by el punter

Why would any club pay half a million to a rookie manager?

It would include his wages as a player too, don't forget. Still crazy money though if true.

**Macy** · 07/07/2006, 1:52 PM

Originally Posted by pete

I think fulltime teams are always likely to have bigger tax bill.

Not necessarily. For most part time players, their regular day job takes them over the cut off point, so the part time clubs get stung for all their wages at the top rate of tax.

**pineapple stu** · 07/07/2006, 7:10 PM

True, actually. Didn't think of that for some reason!

For what it's worth, here's another accounts summary to show nett assets (i.e. all assets less all liabilities) and profit or loss last year...

Code:

	          	      Nett assets/	Profit/(loss)
Club	        Year-end      (liabilities)	last year
Bohemians	30-Nov-05	 1,198,575 	  796,044 
Bray Wanderers	30-Sep-05	  (496,248)	     (911)
Cork City	31-Dec-04	  (130,752)	  (66,137)
Drogheda United	31-Dec-04	  (108,005)	  (14,432)
Dublin City	30-Sep-04	  (820,071)	 (413,368)
Galway United	31-Oct-05	  (207,135)	  (69,291)
Kildare County	31-Oct-05	  (132,580)	   44,874 
Kilkenny City	31-Oct-04	   (95,805)	  (16,779)
St Pat's Ath	30-Jun-05	  (190,176)	 (580,499)
Shamrock Rovers	31-Oct-05	     5,534 	1,308,132 
Waterford Utd	31-Oct-04	  (286,272)	   22,272

Included in the results above is E1.27m profit for Bohs on sale of property (i.e. they made a loss of E470,000 before that), E1.5m of a write-off for Shamrock Rovers due to their administration settlement and a decent amount (E80k?) for Bray from the loan deals with Zayed and Wes Charles. Harps' last AGM said they made a profit of E2,000 last year, while UCD were just under break even, just to add two more into the mix. Fairly clear link, by and large, between teams who are making profit/breaking even and those who are struggling - Kildare (third-last last year after three seasons just missing out on the play-offs), Rovers (relegated last year), UCD (bottom half of the Premier), Waterford (no comment needed!), Harps (relegated last year) and Kilkenny (second bottom again this year).

Obviously, the more a club's nett liabilities and the more it lost in the last year, the more likely we'll be hearing about them in connection with Revenue liabilities soon.

**pineapple stu** · 19/07/2006, 8:20 PM

Originally Posted by soccerc

THE HIGH COURT 2006 No. 222 COS IN THE MATTER OF CORK CITY INVESTMENT FC LTD. AND IN THE MATTER OF THE COMPANIES ACTS, 1963-2003 NOTICE is hereby given that a Petition for the winding-up of the above-named company by the High Court was on the 21st day of June, 2006, presented to the High Court by Gerard Harrahill, Collector General, Sarsfield House, Francis Street, Limerick, a creditor of the above-named company, and that the said Petition is directed to be heard before the High Court on the 17th day of July, 2006, and that any creditor or contributory of the said company who wishes to support or oppose the making of an Order on the said Petition may appear at the time of hearing by himself or his Counsel for that purpose and a copy of the Petition will be furnished to any creditor or contributory of the said company who requires it by the undersigned on payment of the regulated charge of the same. FRANCES COOKE, REVENUE SOLICITOR, DUBLIN CASTLE, DUBLIN 2. Solicitor for the Petitioner. NOTE: Any person who intends to appear at the hearing of the said Petition must serve on or send by post to the above-named Petitioner or his Solicitor notice in writing of his intention to do so. The notice must state the name and address of the person or, if a firm, the name and address of the firm, and must be signed by the person or firm, or his or their Solicitor, (if any), and must be served, or, if posted, must be sent by post in sufficient time to reach the above-named Solicitor or the Petitioner not later than 5 o'clock in the afternoon of the 14th day of July, 2006. </B></B>

What happened with this in the end?

**BohsFans** · 19/07/2006, 8:57 PM

Originally Posted by el punter

How is that structured does anyone know? Why would any club pay half a million to a rookie manager?

read it again, he didn't say the spoofer gets half a mill.

**Risteard** · 19/07/2006, 9:52 PM

The bill got paid (last Monday week, i think) so i think the hearing just didn't happen.

**BohsFans** · 19/07/2006, 10:00 PM

Who's next?

Bohs - payments schedule from 2006.

Bray - ????

Cork - paid bill in full

Derry - can't be touched by the RC

Drogs - paid bill a few years ago

Dub City - goneski

Longford - ????

Pat's - payments schedule from ????

Shels - paid bill in full

Sligo - ????

UCD - OK and up to date - according to 'CollegeTillIDie'

Waterford - ????

**MariborKev** · 19/07/2006, 11:08 PM

Originally Posted by BohsFans

Derry - can't be touched by the RC

Aye, but HM Customs and Revenue are forever on our shoulder

**CollegeTillIDie** · 19/07/2006, 11:24 PM

UCD - Don't Owe the Revenue. Paid two years tax in one last year. Before Rovers dodgy bookkeeping episode ( yes I know previous board yadayadayada) EL clubs paid revenue a year in arrears.