Ollie Byrne statement

From Shelsweb: http://www.shelbournefc.ie/news.php?id=468

Don't seem to be able to copy and paste. Says they've settled their latest debt with the revenue. Also says they've secured the Donnelly family's interested in Tolka. What exactly does that mean? Would he have had to have paid for that?

good news about the revenue.

I am a little confused by the Tolka Park situation. Are they moving or staying?

SO they have scrambled together enough cash to make one scheduled payment and there's no winding up order in place.....until they miss the next one in a few months time. Break out the champagne and Ferrero Rocher!

IN terms of securing the Donelly family interest in Tolka, I suspect some of the lease payment was due to them and not Shels. "Sorting this out" has probably allowed Shels to vacate Tolka as soon as possible and move out to the footballing mecca of Santry, or "securing Shels future" as Ollie refers to it as.

At least Comical Ali had the decency to wear a uniform........

So would securing their interest mean something like agreed what percentage cut the Donnelly family will get from the sale of the lease or would it mean they've bought out their interest and can now go forward and complete a deal?

By the way he is rubbing his fingers in the picture in the link I would say yes.
But who knows. He has a way with words Ollie.

Originally Posted by Poor Student

So would securing their interest mean something like agreed what percentage cut the Donnelly family will get from the sale of the lease or would it mean they've bought out their interest and can now go forward and complete a deal?

No idea, but given that they have alternated not paying their players with not paying the Revenue over the last season, I would imagine its the former.

Unless Ollie's entered the import/export business again. Desperate times and all that...

Or else an act of benevolence on behalf of the Donnellys and they have ceded their interest for free? Typical ambiguous smoke and mirrors rubbish from Shels that doesn't appear to say anything concrete.

Statement from Ollie Byrne, Chief Executive

by Frank Young

Ollie Byrne, Chief Executive of Shelbourne FC has issued the following statement.

“Following clarification of the issues raised by the club at the recent court case and the payment of €104,000 euro, we have received a letter from the solicitors acting for Revenue, stating that the winding-up order on the club is being withdrawn.

We would also like to report that we have secured the Donnelly family interests in Tolka Park, which secures the pathway for the future of the club.

Having the winding-up order withdrawn and securing the Donnelly interest in Tolka Park, while it lifts some weight from our shoulders, does not get over the financial difficulties of the club. In order to secure the future and ongoing success of the club, it is imperative that all true supporters come to all the games and not be selective in the games they attend.

It’s time for all Shelbourne people to get behind Pat Fenlon and the team and show them that we appreciate all their efforts in the past few troublesome months.”

What were the Donnelly interests? What is this pathway for the future? Where did the 104k come from and is the money there to keep paying the players?

More questions than answers come from this statement- can any Shels fans enlighten us?

Originally Posted by Galway Harps

What were the Donnelly interests? What is this pathway for the future? Where did the 104k come from and is the money there to keep paying the players?

More questions than answers come from this statement- can any Shels fans enlighten us?

Higgins can probably tell you that he's asked questions and received answers and then decline to elaborate on what the questions or answers were.

I think even Higgins is starting to lose patience with the hierarchy at Shels now.

Originally Posted by Galway Harps

What were the Donnelly interests? What is this pathway for the future?

I'm sure Ollie thinks we are all telepathic because I can never find the answers hidden in his statements.

I remain very furstrated, correct ....

Ollie does things the hard way.

Why he goes about them that way is his own business but I dont see the logic most of the time.

Originally Posted by drinkfeckarse

I'm sure Ollie thinks we are all telepathic because I can never find the answers hidden in his statements.

It reminds me of the Bat-Computer which would answer questions in riddles for no apparant reason.

I actually seen the bat computer in Tolka last time I was there. Apparently Ollie bought it so he could find out were the players hid the figrolls. Turned out to have another, more baffling use

This is unexpected. I expected paying off the Revenue to cost them part of their interest in Tolka.