Sale of Tolka

[BohsPartisan]

They have the money. Been told today more of the details, and its far more promising than I thought. Not a bottomless pit but certainly an injection of cash has been made, and the promise of more to come

Are you Drogheda in disguise? Are they Shels in Disguise? etc. etc.

Sounds like the stories Drogheda fans with "inside knowledge*" were telling me a couple of years ago.

*They believed what board members told them.

[Dodge]

*They believed what board members told them.

I know. Trust me, I'm one of the most cynical pats fans you'll ever meet but Kelleher is on another level when it comes to money. The main reason he got involved was to provide a full academy for the Pats underage sides (thats why he wanted Kerr to run it). It might look suss to outsiders but we'll see

[Boh_So_Good]

I know nobody will agree, but I think that Shels and Rovers should merge and form a new club. Both from the same part of the city, but need new direction. Both are broke and homeless. If they formed into a new distinctly Tallaght club with a strong local identity it might work for them. Would kill off the Thomas Davis "blow in's" spin for good. I do not buy the whole Shamrock Rovers brand anymore. It might have meant something years ago, but not now. If one looks objectively at the future. Bohs and Pats are looking at being the big clubs in Dublin. Where will this leave Rovers and Shels even if they do move to Tallaght. By pooling their resources into a new major club in Tallaght they have a chance to keep up. Right now both are has beens hoping looking for charity. That's hardly a good springboard for the future - certainly won't get the big money investors on board if you don't have a sugar daddy or assets like a city centre stadium to sell. How many years has Rovers been waiting for their sugar daddy and Shels name is muck in the corporate sector thanks to Oillie.

[OhNoYouDidn't]

I know nobody will agree, but I think that Shels and Rovers should merge and form a new club. Both from the same part of the city, but need new direction. Both are broke and homeless. If they formed into a new distinctly Tallaght club with a strong local identity it might work for them. Would kill off the Thomas Davis "blow in's" spin for good. I do not buy the whole Shamrock Rovers brand anymore. It might have meant something years ago, but not now. If one looks objectively at the future. Bohs and Pats are looking at being the big clubs in Dublin. Where will this leave Rovers and Shels even if they do move to Tallaght. By pooling their resources into a new major club in Tallaght they have a chance to keep up. Right now both are has beens hoping looking for charity. That's hardly a good springboard for the future - certainly won't get the big money investors on board if you don't have a sugar daddy or assets like a city centre stadium to sell. How many years has Rovers been waiting for their sugar daddy and Shels name is muck in the corporate sector thanks to Oillie.

Yawn.

[Midgit]

What if the FAI buy the ground and lease it back to Shels. Would that not be a great idea? If they have the money?!?!?!?!
Then the FAI wil have a huge asset and they can make Tolka park backinto the best eircom league ground and use it for underage internationals and the like.
If a contract is signed when shels sell it that they will have a lease on it for say 20-30 years meaning the FAI cannot go back on their word.

[Risteard]

I know nobody will agree, but I think that Shels and Rovers should merge and form a new club.

Drumrock Robourne.

Could have their own Welcome to Drumrock chant that would be a hit with the rasta-loving kids of the Tallaght ghettos.

[Bald Student]

They have the money. Been told today more of the details, and its far more promising than I thought. Not a bottomless pit but certainly an injection of cash has been made, and the promise of more to come.

Do you mind if I ask how the cash injection is being treated in the books? Is it share capital, a loan, sponsorship or something else?

[Boh_So_Good]

Drumrock Robourne.

Could have their own Welcome to Drumrock chant that would be a hit with the rasta-loving kids of the Tallaght ghettos.

I was thinking more along the lines of Tallaght P45 or Wheatfield Youths.

[A face]

Is this the ultimate price being paid by Shels? They are selling their ground with no other options on the horizon. Whatever about going down to the first div. and losing all their players but this has to be the single worst thing to happen to them in the last few years.

This has to be a serious lesson to all other clubs, text book 'how not to do it' case imo.

[Dodge]

Do you mind if I ask how the cash injection is being treated in the books? Is it share capital, a loan, sponsorship or something else?

No idea. Haven't looked at them since the new people took over

[Dr.Nightdub]

OK, speaking as a non-accountant here, we lost a million, 36 grand and some change last year. That was covered by share issues and directors' loans. Nice one, Andy and Gerry M.

We also bought freeholds on and around Richmond, to the value of almost €400k. Considering what we had before that was worth €1.1m, that's a lot of expansion. That €400k was covered partly by the sale of a car (we're from Dublin and we drive flashier cars than you ) but mainly by share issues and directors' loans. Nice one Andy and Gerry M.

At the start of Feb, a rickeyload of directors' loans was converted into shares. Later in Feb, along came Special K and bought out all the existing shares. If my maths are right, the shareholders made a bit under 10% return on their investment. Nice for Andy and Gerry M and the others.

Stu, you've got to accept that Special K's arrival changes everything.

If he wasn't on the scene, I'd agree with you, that even to my non-accountant understanding, trading in such a way as to lose over a million quid a year would count as trading recklessly. Reckless cos even though it's backed by a handy asset i.e. Richmond, we don't want to have a bank call in the asset we all love. In other words, the kind of recklessness the Dolan-era regime got up to cos they wanted glory without prudence and the kind of recklessness the more recent regime got up to cos it was trying to manoeuvre us into having to leave Richmond.

However unless, as an accountant, you have some moral problem with directors injecting vast wads of money into a company to provide it with income, then it's OK to run a trading loss of a million a year providing you've funds to cover it. Given that Special K is on record as having paid €45k for a glorified coal bucket (OK, Georgian antique, but still a bleedin' coal bucket), then I think it's fair to say he has vast wads of cash.

As far as I'm concerned, he can call it a director's loan, he can call it a charitable donation from the Garret Kelleher Foundation for the Advancement of St. Pats, he can call it whatever the hell he wants that's legal once we get the use of it. I accept that a liability arises as a result but from all his public pronouncements since Feb up to and including today, and his refusal to even come play ball with us unless Brian Kerr was involved for a significant period of time, I don't think he's gonna send in the repo men any time soon.

[Dr.Nightdub]

Do you mind if I ask how the cash injection is being treated in the books? Is it share capital, a loan, sponsorship or something else?

Honestly can't tell at the moment - Pats' financial year ends every 30th Nov so the last CRO-filed books were pre-Special K.

[SkStu]

This has to be a serious lesson to all other clubs, text book 'how not to do it' case imo.

exactly A Face.

I cant believe that one of the earlier posts on this thread said that it was better to have tried and failed than to not have tried at all... theres trying and failing and theres "doing a shels"!

I hope and i have a feeling that things are gonna work out pretty well for St. Pats.

[CollegeTillIDie]

Bohs future has been secured because a sugar daddy wants to buy Dalymount and build a new stadium on a greenfield site.
St. Pat's future appears secure thanks to Special K as you guys are calling him
Shamrock Rovers have been saved from oblivion by their own fans and are waiting for the all clear to move into Tallaght.
Shelbourne's is up in the air, thanks to the overspending of the previous regime and the uncertainty over their eventual location post-Tolka.

which leaves the best run club in the Premier Division last season UCD.
The only Dublin club that lived within it's budget CONSISTENTLY

[NY Hoop]

Nobody ever said that Kilcoyne didn't completely rip you off, but he did put money into the club and before he did Rovers were in the doldrums, with him at the helm you won that 4 in row. Its not just a co-incidence. IN NO WAY am I saying he was good for your club, far from it, I'm saying that its a bit rich of some of your support to gloat about that 4 ina row, when most of them know Kilcoyne's influence on Rovers then.


Again who said you couldn't pay for it? I said "there's no way they could build that stadium on their own, so the SDCC really helped them out " which is obviously true. if you could've done it without the SDCC surely you would have?!?! I'm talking post Maguire here. The best deal available to Rovers was the SDCC and you, rightly, jumped at it.

No more so than Shels moving to anywhere else


Don't really understand irony, do you?

Poor form by my club though

I'll bow to your superior knowledge when you stop spreading pub talk.

Back on topic tolka unlike the Milltown, Dalier and Richmond will be no loss when gone. Soulless, characterless pit.


KOH

[BohsPartisan]

which leaves the best run club in the Premier Division last season UCD.
The only Dublin club that lived within it's budget CONSISTENTLY

Propped up by my Tax Euro's ye spongers!

[Jerry The Saint]

I know nobody will agree, but I think that Shels and Rovers should merge and form a new club.

I agree!

[Dodge]

Back on topic tolka unlike the Milltown, Dalier and Richmond will be no loss when gone. Soulless, characterless pit.

Agree 100%

[sfc red]

Which obviously you would say since you're not a Shels fan. Richmond Park and character hardly go hand in hand

[Dodge]

I don't know one fan who doesn't think Richmond Park is a proper football ground with charachter. its not fancy but it has something Tolka will never have.

Other grounds like this include United Park, The Showgrounds, St Mels, Dalymount