Don't know about Rovers, but afaik, the Inland Revenue tried to have Coleraine FC wound up (declared bankrupt) in 2005, over total debts of over £1m. However, a Supporters Group ("Friends of Coleraine") persuaded the Court to let them go into Administration instead, and a new (fans) Management Committee kept things going until the FOC effectively bought the old club, reached a settlement somehow with creditors and formed what was technically a new club out of what they had salvaged from the old club.
As a new club, they should not have been allowed to continue in the Irish League, but they managed to exploit some sort of loophole in the Rules, so that the IL/IFA couldn't actually prevent this from happening. (Tbh, the IL/IFA
had no appetite for forcing the new club to start again at the bottom of the pyramid, so were actually quite relieved, I should imagine).
Anyhow, as a fan-controlled club, Coleraine seem to be living within their means at the moment, even if they're hardly "pulling up trees" on the pitch (esp since losing a long-serving and capable manager, Marty Quinn, to newly promoted Bangor FC at the start of the season)
Haven't read online version but I assume it's the same as the printed version. Call me cynical but a back page article about the LoI (on Champions League day I might add, that normally doesn't happen, especially about a virtial LoI non-story)in which Fintan Drury explains that the AIL won't happen because John Delaney has said that the Eircom League has made great strides under the FAI and he takes him at his word is coupled with a tagged article about Cobh going bankrupt is manipulation of the media in my eyes. It's not shocking as everyone does it, but it shows Drury and Platinum One to be the same con job as we've always had in my eyes.
For the moment - and fair play to them for it. But they've played more games than most, losing against the only half decent side they've met so far (2-1 at Crusaders).
http://ifapremiership.com/statistics.htm
No matter, despite being a (casual) Glens fan, I'm still always pleased when the provincial teams are doing OK.
Err, even the FAI's biggest supporters (there must be some?) must be raising an eyebrow as Delaney's "move along now, nothing to see here" statements are completely at odds with almost every piece of financial news in relation to the League in the last 6 months.
Whatever about the viability or not of Drury's AIL plans, he's bang on drawing attention to Delaney's comments, as presumably part of the reason Platinum 1 are pulling back is the proposed breakaway clubs lack of financial strength.
That's the point!!
These bad financial news pieces have come out every week for the last few months. Sure clubs are struggling but they always were and probably always will.
Platnum One needed the media to push the FAI and the IFA into a corner. The clubs were unwilling to do anything about it and therefore the public never got behind the idea.
It was nonsense from the start.
While I don't think the financial probelms in the league will get any better over the next few months I don't expect half as many bad financial news to mke it to the papers.
Most of what has been reported by the papers has not come to pass.
The one that did happen in Cork going to examinership wasn't even hinted at until a day or two before![]()
John Delaney!! GET OUT!!!
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am I being cynical - or is the timing of this announcement rather convenient to take the focus away from one of the biggest days in League of Ireland in Europe history?
Kom Igen, FCK...
Spoken like a true Shels fan. I thought you'd have learned from your ostrich-like behaviour a few years ago.
Extreme naivety to assume that a number of clubs are not materially worse off now that the economy has gone down the tubes and every Tom, Dick or Harry Property Developer or Builder that funds them isn't rolling in cash.
We started the year with about a half dozen full-time clubs, it looks like we'll end it with one or two.
Thats a significant change in less than 12 months.
wow!!!
fantastic respose there,, really made a great argument as to why I was wrong
Look it's been reported now that Cobh players spokeperson has rubbished this talk of no wages and still the indo went with the story.
It's clear there has been an agenda around with some papers the past few months.
I've not said everything was ok.. I just can't be arsed listing the lies printed over the last few months in papers.
Compare the full time teams that started this season with the ones that start next season. Maybe then your argument might mean something.
John Delaney!! GET OUT!!!
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Thta's certainly what I believed. He was saying the exact same thing while at P1 as he said when the City chairman a number of years back when the restructing of the league was being debated. He argued long and hard for a 10 team premeir league with no P&R for 3 years back then and he was looking for the exact same thing while at P1.
I had a fear that he was still wearing his Derry City hat while at P1 and it would absolutely no surprize to me if he officially returns D City.
Answered that part further down my post...
Maybe you shouldn't cut parts of the quote out when attempting to stick your nose in ?
My point was that being a Shels fan has nothing got to do with this so why mention it!
But wouldn't expect you to notice that..
John Delaney!! GET OUT!!!
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Because it's indicating that you're back in your "Everything's OK until we physically see otherwise" mode. His argument has no weight until he counts how many full-time teams will be around at the start of next year as opposed to the ones at the end of this season? Give me a break.
When did I say everything was ok ??
Not the first time you lied on here Stu and doubt it will be the last. Putting quotation marks around things is great "isn't it" ?
Maybe you can explain what you mean by the above.
Been a while now since I caught you out for lies.
Still didn't answer the last couple of questions from another thread either. Maybe you should before you start to drag up this crap again ?
John Delaney!! GET OUT!!!
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This'd be the previous thread where I said Shels were still drawing down the Tolka lease, which was subsequently confirmed by the club in a national newspaper which praised Shels for being the best with their answers?
Does that make you a liar for denying them?
Threats make you sound big, higgins, but ultimately add nothing to your argument.
Fight! Fight! Fight!
#NeverStopNotGivingUp
You wanna take this outside, A? Eh?!
(See what I did there?)
Right, you're friggin dead Stu.
We always knew it would come to this.
#NeverStopNotGivingUp
No Stu...
That would be the thread where you said Shels were continuing to overspend.
You are wrong.
and with no facts behind your argument I can only come to the conclusion you are spreading lies ??
You then claimed that I should prove otherwise!!
Bit like me saying UCD are overspending and that's that until someone proves otherwise..
No overspending going on at Shels.
You seem to have skipped past the whole quotation issue ?
John Delaney!! GET OUT!!!
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