Shels financial difficulties

**chippie0001** · 25/11/2006, 1:04 PM

Originally Posted by Poor Student

Naturally you're always jealous when someone achieves a treble.

Jeez if I was a Rovers fan I would be deeply worried that they could get 4 in a row all in one year. It took Rovers 4 seasons to do it, Shels could do it with 12 months. Fair play

As for the new court action, I am sure Ollie will pay it again but he clearly does not have the money to run the club the way he wants to. Talk about not learning your lesson and continuely rubbing the revenue's nose in it. Some time they will have enough of the crap.

**Saint Tom** · 25/11/2006, 6:00 PM

Originally Posted by floatinghoop

the League of Ireland's most successful football club

who the **** said that?

**Mr A** · 25/11/2006, 7:45 PM

"They wanted us to do it their way, which was not practical," Mr Byrne said. "You agree to get them off your back."

Apart from zero respect for the law and the revenue, this has to make worrying reading for players waiting on wages to come through. Ollie's promises don't seem to mean too much.

I have no doubt whatsoever they'll get out of this though, but surely if licensing is for anything it's to prevent stuff like this?

Probably best that no one answers that.

**R�iteoir** · 25/11/2006, 7:52 PM

Originally Posted by Dr.Nightdub

Be interesting to see the Revenue's reaction to the second sentence in that quote. Ollie's just admitted in a national paper that he knowingly lied to them twice in the space of a few months. I can't imagine how that's going to encourage them to adopt a more lenient attitude or believe a word he says the next time they're in court.

Would lying to the Revenue not technically be fraud?

**R�iteoir** · 25/11/2006, 7:54 PM

Originally Posted by Galway Harps

Apart from zero respect for the law and the revenue, this has to make worrying reading for players waiting on wages to come through. Ollie's promises don't seem to mean too much.

I have no doubt whatsoever they'll get out of this though, but surely if licensing is for anything it's to prevent stuff like this?

Probably best that no one answers that.

Sure, Delaney's only interested in going after the clubs who fill in their forms with red pen, rather than those who lie about paying their future tax bills :/

**OneRedArmy** · 25/11/2006, 8:58 PM

Originally Posted by R�iteoir

Would lying to the Revenue not technically be fraud?

Yes. I would expect the Director of Corporate Enforcement to be having a sniff around. There are reasonably severe penalties for corporate fraud.

**dublin15bohs** · 25/11/2006, 9:12 PM

I was at the bohs end of season dinner last night and was speaking to Dessie Byrne, Stephen Ward, Joxer Kelly, Thomas Heary, Stephen Caffery and Jason McGuinness who all said they were speaking to Shelbourne players and they said to expect at least 10 players to leave and almost all the squad will leave if Fenlon leaves.

**BohsPartisan** · 26/11/2006, 12:00 AM

From what I hear Heary was pretty hammered so I wouldn't be taking anything he said as verbatim.

**chippie0001** · 26/11/2006, 11:10 AM

The weird thing about this wind up order is it is in the name of Shelbourne FC Ltd rather than accolade. Ollie must have transfered the business into this new company, while at the same time keeping the leasehold for Tolka in the name of Accolade thus seperating his asset. If I remember the Shels equivelant of the 400 club were going to buy shares in Shelbourne FC so that makes some sort of sense. I didn't think under licencing you could set up a new company but obviously you can.

**OneRedArmy** · 26/11/2006, 11:23 AM

Originally Posted by chippie0001

The weird thing about this wind up order is it is in the name of Shelbourne FC Ltd rather than accolade. Ollie must have transfered the business into this new company, while at the same time keeping the leasehold for Tolka in the name of Accolade thus seperating his asset. If I remember the Shels equivelant of the 400 club were going to buy shares in Shelbourne FC so that makes some sort of sense. I didn't think under licencing you could set up a new company but obviously you can.

Pineapple Stu posted something about the trading entity and the licensed entity from the CRO website at the time of the first winding up order.

I wonder did the directors who resigned earlier in the year know what shennigans he was up to and knew something was coming down the tracks they wanted nothing to do with?

Suggest some of the Shels fans buy Ollie a copy of the Companies Acts for Christmas.

**pineapple stu** · 26/11/2006, 12:07 PM

Shelbourne FC Limited's May 2006 accounts showed the company was dormant - 2 shares and E2 in cash. Don't understand how that would be the subject of a winding up order.

**chippie0001** · 26/11/2006, 12:10 PM

Originally Posted by pineapple stu

Shelbourne FC Limited's May 2006 accounts showed the company was dormant - 2 shares and E2 in cash. Don't understand how that would be the subject of a winding up order.

Maybe he has transfered the trade into that company since then and not paid the PAYE.

**CollegeTillIDie** · 26/11/2006, 1:10 PM

Will there even be a Shelbourne next year? and if there is will it be a pale shadow of it's former self? With Limerick's difficulties and now Shels we may only have 19 clubs in the League come January!

**Philly** · 26/11/2006, 3:09 PM

It can't be all Ollie though. What about the board of Shels? They are rarely blamed for the clubs problems.

As for a third winding up order. What a joke. Maybe you're all right and maybe it is time for Revenue to actually wind them up now.

**pineapple stu** · 26/11/2006, 3:44 PM

Didn't the board of Shels resign en masse earlier this year?

**Philly** · 26/11/2006, 4:05 PM

Well there can't be just one man in charge of a limited company! There must be others.

**OneRedArmy** · 26/11/2006, 5:26 PM

Originally Posted by Philly

Well there can't be just one man in charge of a limited company! There must be others.

Smithers or some other yes man no doubt.

**Sam Savic** · 26/11/2006, 5:48 PM

Originally Posted by higgins

Talks are still ongoing with sharing Morton Stadium with the IAA. What more info do you want ?

...

Clonliffe Harriers are the tenants in Morton Stadium. There have been NO TALKS YET between Clonliffe Harriers and Shelbourne FC about sharing Morton Stadium. Fingal County Council won't accept Shelbournes plans for Morton Stadium until they produce the money.
Shelbourne need to sell the lease on Tolka to survive. Dublin City Council won't let them do that until they have a lease somewhere else.

**pineapple stu** · 26/11/2006, 6:57 PM

Originally Posted by Philly

Well there can't be just one man in charge of a limited company! There must be others.

Why can't there? All you need is two directors, and one of those can be a nominal one.

**manic da hoop** · 26/11/2006, 7:03 PM

It seems here that the City Council are trying (or at least be seen) to do the decent thing in protecting Tolka Park, lest they be accused of letting another Milltown saga develop. While it is indeed honourable of them to act in the interest of preserving the few remaining football grounds in the city, surely they must be aware that their actions are putting the very future existance of Shels in doubt. Personally I do not regard the imminant closure of Tolka as regretabble...to be honest I have grown to hate the place, despite having watched more football there than in probably every other venue I have attended put together. DCC can see for themselves that Shels have neglected the place for a number of years now, and will certainly not be putting any more than the very basic investment required from here on in until it's rusty, creaking gates are slammed shut for the last time.

It would appear that they (Shels) are between a rock and a hard place on this one, but sure they're champions, and as long as their fanbase is kept in constant supply of their crisps and fizzy orange their problems will continue to go unchecked by the few people who are supposed to care.