Quotewho'd be stupid enough to take out 2,000 of your own money, the club is supposed to be paying them not the other way round. also i thought cork were loaded with dosh ??Originally Posted by WoodquayBoy
Small piece in that Indo rag today saying Cobh has asked its players to take out personal loans of €2,000 each to help pay off the club debts. According to the quote in the piece, they were asked to help out as they are the only ones taking a wage from the club. Another club in trouble, following United and Sligo, and what Stephen McDonnell said on MNS on MOnday about Cork not paying its players. This is not good.
"Billy Corgan, Smashing Pumpkins."
"Homer Simpson, smiling politely."
who'd be stupid enough to take out 2,000 of your own money, the club is supposed to be paying them not the other way round. also i thought cork were loaded with dosh ??
I do not remember a time when there were distress signals coming from so many clubs- and in this league that is certainly saying something. Hopefully it's the tighter regulation forcing things to the surface earlier than previously, but in any case the situation is not good at all.
#NeverStopNotGivingUp
I think that's exactly it to a large degree. Clubs have realised that they can't get away with unrealistic budgeting and are panicking. It should lead to a year on year improvement with teams offering more realistic contracts and projecting more realistic incomes.
It does seem completely mad to ask players to take out loans which would effectively be used to pay their own wages?
The Cork City and Bohemians situations are probably the most worrying at the moment as they are operating on highly unsustainable revenue streams.
[SIGPIC][/SIGPIC]
Tallaght Stadium Regular
In fairness the €10 a week asked for in Cobh is probably a lot less than the GU players lost out on taking a 12.5% pay decrease.
#NeverStopNotGivingUp
Lets face it,our league is pretty shambolic. Sligo rovers,galway utd,cork and cobh struggling financially. Pats,drogs and bohs,how long will they stay stable for?? There have been rumours about harps and derry(probably untrue?). That leaves shams and bray who are just above the drop and ucd who will probably get relegated. Then look what happened to shels and limerick fc. And we wonder why attendances are so low.
I think you can safely say that Harps are struggling also, maybe not meltdown, but not in the best of shape.
#NeverStopNotGivingUp
Wouldn't count on UCD getting relegated and there has been no financial problems with Limerick FC this year (that have emerged anyway), kudos do need to be given to Rovers, Bray and UCD for not being complete morons in the Premier League though and personally I think the FAI should be looking at points deductions for clubs like Galway, Sligo, Cobh and Cork for breaching the wage rules
Last edited by jebus; 13/08/2008 at 2:06 PM.
I think what will save the clubs is that so many have hit problems. The FAI are unlikely to deduct points from all of them, but I think I heard that it would be the end of the season before such measures are looked at.
#NeverStopNotGivingUp
That would make the league look even poorer in my opinion. Let's say the league table ended up like this
9th Harps 40
10th Galway 38
11th UCD 37
12th Cobh 20
And everyone had to wait one a week or two to see if the FAI were going to deduct 6 points from Harps and/or Galway, that would be yet another situation where the league would look like a joke. They should look at it in the upcoming weeks, look at their Longford decision from last year, and make the neccessary deductions
Seen that so many clubs are in trouble I think that all the clubs should go together and introduce a wage cap on players resigning or signing for another LOI club. If a player like Gamble is out of contract at Cork St Pats should not offer any more. This stops clubs bidding against each other. If clubs want good players then they need to look outside Ireland and the UK. Players in this country get paid too much imo and the inflation on players wages over the past few seasons has been crazy. Most of the players in the league that are professional shouldn't be playing football for a living.
But it means that they can keep Galway in the league for another yearThat would make the league look even poorer in my opinion. Let's say the league table ended up like this
9th Harps 40
10th Galway 38
11th UCD 37
12th Cobh 20
And everyone had to wait one a week or two to see if the FAI were going to deduct 6 points from Harps and/or Galway, that would be yet another situation where the league would look like a joke. They should look at it in the upcoming weeks, look at their Longford decision from last year, and make the neccessary deductions
The players were not asked to take out loan they were simply given the option to give €2000 to club in exchange for a season ticket for five years. All members have been given this option and it was also made available to employees. It is just one of the many things that are being done to help out the club financially but as always it has been blown out of all proportion.
Cracking idea, I vote for this proposal, we'll even save money by not having to produce a DVD!But it means that they can keep Galway in the league for another year
"Billy Corgan, Smashing Pumpkins."
"Homer Simpson, smiling politely."
This news isnt good for the league. Too many teams being brought back to reality regards wages and spending. We Dundalk in the mist of all this negativity about finance are in the best financal postion we have ever been in. How many clubs actually can say there running their club without over-spending? Monghan and wexford spring to mind.
Limerick can, our total weekly players wage is about half what Cork are paying Joe Gamble
This can't be true! it would be pointless to ask players to borrow to pay the club to pay them the same money, the club would still fall foul of the league regulations and the PFAI, I wouldn't buy this story at all.
The league are not going to be fooled by something like this... it still boils down to clubs not being able to pay players.
Looks like some radical changes are needed, I just wonder how the league will keep going in the next few years when punters and sponsors feel the pinch even more... scary stuff
The current financial chaos also makes a mockery of the brilliant A championship idea which has to be putting even more pressure on clubs
Last edited by SalvadorSanchez; 13/08/2008 at 4:11 PM.
innit though??
UCD can.How many clubs actually can say there running their club without over-spending?
I think Mr A's right about clubs not being docked points cos there's too many of them. If this is all about the 65% wage cap, then hopefully this year will show that the FAI are serious about it, and from next year, any club stupid enough to get done twice should get docked points. I'd be happy enough with that, to be honest.
There's probably an element of trying to keep with the top four as well.
Just wanted to show this post again - as everyone else seems to have ignored it!
Seems fairly silly for a club to offer a five-year season ticket to its players though? What would they want with it?
Posting Permissions
Bookmarks