does the income v expenditure cap (65% i think) that was touted by the fai come into play next season
I wish i did not know then what I dont know now
The PFAI do not insist on net wages, its their members who are always looking for it, even full time guys. And yes George in Cork said he was one of 4, I think, earning over 100k a year. Drogs will be fine once the guys are pumping the money in. The problem is most likely to rise when that stops and players still have 12 months or longer left on their contracts, ala Benito Carbone, Gary Kelly, and could prove very difficult to shift.
Have the officially allowed donations (or director investment to give it its accountant friendly name) Macy? Up to a fewmonths ago, Pats were still seeking clarification from the FAI
54,321 sold - wws will never die - ***
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New blog if anyone's interested - http://loihistory.wordpress.com/
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Extratime.ie
Yo te quiero, mi querida. Sin tus besos, yo soy nada.
Abri o portão de ouro, da maquina do tempo.
Mi mamá me hizo guapo, listo y antimadridista.
unfortunately te cost of success is huge in this league Shels proved it and now it appears Drogs are aswell.But thats what is needed if the league is to do well in Europe and raise the profile of the league
I never had a go at you for passing on information, just questioned your intelligence for actually believing it.
Now, I hate to be a **** and say "I told ya so"... but eh... I TOLD YA SO...
Wouldn't have said he's screwed up... yet.
And if you look through anything I've said here or on our forum, you'll find I was never supportive of Connor getting the job, so our sluggish start to the season doesn't surprise me in the slightest.
If he had a budget of 2.4m I'm sure we'd be flying though...
I know it's not really LOI related, but the wage budget at Windsor going by last seasons budget was less than half a million sterling.
This season however we have 6 full-timers which we never had last season, so I would expect the budget to be over the half million mark. Although we do make a healthy profit(over a quarter of a million last season if i recall correctly) and i expect our turn over to be bigger again this season.
I'll know better on friday night when I go to the AGM. It is amazing though to see teams in the LOI have 3 or 4 times the budget of Linfield. Fair play if it's sustainable.
The Hallion Battalion Molests football.:D
No way is Drogs spending sustainable long term.
I got the 2005 accounts from the CRO and the accumulated losses in those accounts was over €1m. I have the exact figures at home and will post them tommorrow. The losses can only have increased since then.
Drogs future seems to be completely tied up with the housing development. Obviously they can sell United Park to pay their debts but then where will they play?
I'm what? I'm ants at a picnic?
[QUOTE=Steve Bruce;677464]
This season however we have 6 full-timers which we never had last season, so I would expect the budget to be over the half million mark. Although we do make a healthy profit(over a quarter of a million last season if i recall correctly) and i expect our turn over to be bigger again this season.
[QUOTE]
I presume SB that a lot of the profit comes from renting out WP for internationals/Cup finals.
Would you know how much that is?
I'm what? I'm ants at a picnic?
Do keep up Macy - look back to the foot.ie Q&A with Tony Mac and you'll see that he explicitly mentions in reply to pete's question on this very issue that they are looking for P60s and payslips, and don't see why clubs should be having a problem with this.
Drogheda are screwed; that's been known for a while.
Last season I heard that St Pats budget for player wages was around €900K. Up to the start of this season I believe it didn't change, even with the signing of Ndo, as they got rid of so much "dead wood". Presume it'll rocket upwards in the window though!
It was just under 800k and it was the budget for players and all manager/trainer staff (all texes included)
Its the same this year as we hadn'y any setanta or european football when the budget was set
54,321 sold - wws will never die - ***
---
New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
[QUOTE=paudie;677519][QUOTE=Steve Bruce;677464]
This season however we have 6 full-timers which we never had last season, so I would expect the budget to be over the half million mark. Although we do make a healthy profit(over a quarter of a million last season if i recall correctly) and i expect our turn over to be bigger again this season.
We got £445k from Internationals. But you have to realise that Linfield pay the full expenses of every international game, so if you factor that out you would find we would break even or a slight profit.
I presume SB that a lot of the profit comes from renting out WP for internationals/Cup finals.
Would you know how much that is?
Our AGM is this Friday, so I will have a more up to date accounts at Windsor, although I wont be disclosing any details on a public forum.
The Hallion Battalion Molests football.:D
No you've misinterpreted what I was saying.
If we never had the international revenue, Linfield would have broke even last season.
as in we received 445k but our expenses where around 200k so Linfield for the year would have broke even financially. But with the internationals we made a quarter million profit. I don't know if I have worded that well.
And I'm not sure if our balance sheet does appear in companies house. Linfield is a club made up with members, it's not a company. But I'm not sure if thats the way it is seen legally, I'm open for contradiction.
The Hallion Battalion Molests football.:D
Extratime.ie
Yo te quiero, mi querida. Sin tus besos, yo soy nada.
Abri o portão de ouro, da maquina do tempo.
Mi mamá me hizo guapo, listo y antimadridista.
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