Can Shels get a License? / Shelbourne €10 Million in Debt

**Dr.Nightdub** · 30/01/2007, 12:32 AM

Yeah but the rule he's quoted doesn't exactly leave much room for discretion, does it?

**Mental Man** · 30/01/2007, 7:20 AM

Dosent this really show up how much of a shambles the whole IAG points criteria thingy laid out by the FAI was, jesus we had everything here in order, no debt, no tax, players paid up, good ground facilities,future plans for the club going forward, the new amalgamation between the WIT and the FAI with the scholarships etc..
The supporters down here are howling for Delaneys BLOOD !!!!!

**Dodge** · 30/01/2007, 7:42 AM

Yeah and you got loads more points off field then Shels. Who won the league BTW...

**charliesboots** · 30/01/2007, 8:02 AM

Shels �12 million in the red according to Newstalk this morning and facing relegation to the First Division. The FAI have apparently ordered an investigation into their account until 30 November 2006 to see if their licensing application was correct. Maybe people do read this board!!

**Dodge** · 30/01/2007, 8:09 AM

Its in the Star apparently. Haven't read it

**Terry** · 30/01/2007, 8:11 AM

Was just going to post questioning if the FAI had made any sort of statement concerning shels?

Does it say anything in the rulebook concerning there position as it stands (punishment wise)?

**charliesboots** · 30/01/2007, 8:14 AM

Originally Posted by Terry

Was just going to post questioning if the FAI had made any sort of statement concerning shels?

Does it say anything in the rulebook concerning there position as it stands (punishment wise)?

They don't know. Ollie has the rulebook in hospital with him and won't let anybody see it.

**Sidefx** · 30/01/2007, 8:20 AM

http://www.thestar.ie/

**Terry** · 30/01/2007, 8:22 AM

Originally Posted by Sidefx

http://www.thestar.ie/

link doesnt work

**Sidefx** · 30/01/2007, 8:24 AM

try this

http://www.thestar.ie/

**BohsPartisan** · 30/01/2007, 8:33 AM

Originally Posted by Terry

link doesnt work

coz of the smilie

**Poor Student** · 30/01/2007, 8:41 AM

I don't understand. �3m was drawn down from the builders to buy off the Donnellys and another �3m was drawn down to finance the overspending. About �100k is owed to players, a few �100k to the revenue and obviously they owe some amount to other creditors like programme printers, but how does it go up to �10-12m? That's shocking. How can a crippled club of that size ever work their way out of the debt? I was stunned to see a club of Hearts size had racked up a debt of �6m but this is ludicrous.

**pete** · 30/01/2007, 8:46 AM

It was noticable yesterday the way things had changed since Ollie had to step aside. Whereas Ollie would have fought to hold onto players he could not afford Flood held his hands up & offered the players a way out as knew the wages could not be paid.

12m debt is massive & unprecedented in eL terms. There isn't a hope in the world that Shels accounts could be correct for the licence application otherwise the licencing board have made a monumental feck up. Even if Shels drew down all the cash from sale of Tolka would not be much left when 12m deducted.

Far from being the saviour & guardian of Shels looks like Ollie has killed Shels.

**Partizan** · 30/01/2007, 8:51 AM

Our stay in the First Division could be a very temporary one.

**DvB** · 30/01/2007, 9:02 AM

Originally Posted by Partizan

Our stay in the First Division could be a very temporary one.

At this rate will there be enough clubs to actually have a first division?

**charliesboots** · 30/01/2007, 9:05 AM

We might end up with two Limerick teams!!!

**BohsPartisan** · 30/01/2007, 9:06 AM

Originally Posted by DvB

At this rate will there be enough clubs to actually have a first division?

All we need now is a few clubs up North to go under and an All Ireland League could be closer than we think.

**monkey magic** · 30/01/2007, 11:08 AM

Originally Posted by charliesboots

Shels �12 million in the red according to Newstalk this morning and facing relegation to the First Division. The FAI have apparently ordered an investigation into their account until 30 November 2006 to see if their licensing application was correct. Maybe people do read this board!!

or maybe now delaney feels safe in ordering an investigation in to shels.. now that ollie's in hospital delaney can stop (at least temporarily) being his bitch

**BohsPartisan** · 30/01/2007, 11:17 AM

Originally Posted by monkey magic

now that ollie's in hospital delaney can stop (at least temporarily) being his bitch

Not so. I heard he was down there in a nurses outfit. "Are you ready for your spongebath mr Byrne?"

**dcfcsteve** · 30/01/2007, 11:45 AM

Originally Posted by BohsPartisan

All we need now is a few clubs up North to go under and an All Ireland League could be closer than we think.

Wouldn't be that simply. Omagh went out of business recently, and Coleraine were very, very close to following suit a year ago, yet there wasn't a dicky-bird mentioned about an AIL. It really isn't that simple. If we lost a couple more clubS- would we go looking to join the IL....?

Shocking news about Shels though. �12m !?!? Holy feck....