Petition to wind up Accolade (Shels)

**forza** · 16/03/2006, 5:57 PM

Originally Posted by Fintan Cassidy

The cheque was in the post - unfortunately it was posted from Inchicore post office

Inchicore PO is gone next excuse

**REVIP** · 16/03/2006, 6:00 PM

Originally Posted by Raheny Red

Has one got the Times and a scanner/camera at hand so they upload the piece to the web?

It's on the Indo's website:

THE HIGH COURT 2006 No. 87 COS IN THE MATTER OF ACCOLADE LTD AND IN THE MATTER OF THE COMPANIES ACTS, 1963-2003. NOTICE is hereby given that a Petition for the winding-up of the above-named company by the High Court was on the 13th day of March, 2006, presented to the High Court by Gerard Harrahill, Collector General, of Sarsfield House, Francis Street, Limerick, a creditor of the above-named company, and that the said Petition is directed to be heard before the High Court on the 3rd day of April, 2006, and that any creditor or contributory of the said company who wishes to support or oppose the making of an Order on the said Petition may appear at the time of hearing by himself or his Counsel for that purpose, and a copy of the Petition will be furnished to any creditor or contributory of the said company who requires it by the undersigned on payment of the regulated charge for the same. FRANCES COOKE, REVENUE SOLICITOR, DUBLIN CASTLE, DUBLIN 2, Solicitor for the Petitioner Note: Any person who intends to appear at the hearing of the said Petition must serve on or send by post to the above-named Petitioner or his Solicitor notice in writing of his intention to do so. The notice must state the name and address of the person or, if a firm, the name and address of the firm, and must be signed by the person or firm, or his or their Solicitor, (if any), and must be served, or, if posted must be sent by post in sufficient time to reach the above-named Solicitor or the Petitioner not later than 5 o'clock in the afternoon of the 31st day of March, 2006.
Posted: 16/03/2006

http://www.loadza.com/display_results.php?cat_id=809

**Raheny Red** · 16/03/2006, 6:33 PM

Cheers for that!

**pineapple stu** · 16/03/2006, 6:40 PM

Course, the other thing is that if Shels do get out of this, they are going to have to cut E1m from their costs if the same thing isn't to happen again next season.

**Mr A** · 16/03/2006, 7:11 PM

Course, the other thing is that if Shels do get out of this, they are going to have to cut E1m from their costs if the same thing isn't to happen again next season.

Which could be tricky when your squad all have contracts and few of the other clubs are likely to be able to afford them. And that reputed near €1 loss happened in a year with decent European money didn't it? There are many clubs living way beyond their means, and ultimately all this has achieved is to penalise those who don't act recklessly while driving player wages up- in the vast majority cases these players would be available to the league in any case. Time for a wage cap based on turnover anyone? It seems like the only way to get the clubs to get their houses in order.

**anto eile** · 16/03/2006, 8:00 PM

Originally Posted by Vitruvian Man

Yeah, conspiracy theory is not quite the right words I was looking for.

I wonder will this clear the way for Shels to do a Rovers and welch out of all but 4% of their debts - considering Shels are soon to have no ground anymore.

In a season with no relegation - it's is the time to do it.

no, because Rovers were in examinership. what we did was legal. doubt anything shles have ever done was legal.
hope they get screwed by the revenue, and then ****ed out of the leaguee.

**pineapple stu** · 16/03/2006, 8:19 PM

Yep, Rovers went into administration - Shels are facing liquidation. Big difference. It's pay the money or die time really. I think the big difference with Rovers is that with the 400 Club taking over, Revenue were pursuaded the club was now a viable business (new ownership, management accounts, cash flow projections, cutting their cloth to suit and all that), whereas they must feel Shels are simply beyond hope of being viable. And with them having to cut back one-third of their expenses and sort out a ground, the Revenue would be well within their rights to take a very dim view of their future business prospects.

Was any club in England or the North ever formally issued with a liquidation petition?

**anto eile** · 16/03/2006, 8:33 PM

Was any club in England or the North ever formally issued with a liquidation petition?

omagh went bust this year didnt they?

**pineapple stu** · 16/03/2006, 8:40 PM

Is it the case that every club issued with such a petition went bust though? Coleraine were served one as well but are struggling on. Clubs in England were threatened with one on many occasions but went into administration and survived. Just trying to work out Shels' chances of success, basically.

**A face** · 16/03/2006, 9:03 PM

Originally Posted by Fintan Cassidy

The cheque was in the post - unfortunately it was posted from Inchicore post office

Was that a registered letter by any chance ??

**Mr A** · 16/03/2006, 9:11 PM

It would seem Aertel know something we don't maybe they're aware of what the FAI will do?-

Shels, Galway win in First Division 222

**DmanDmythDledge** · 16/03/2006, 9:44 PM

Any news about this Shelbourne statement?

**pete** · 16/03/2006, 10:06 PM

Even if Shels have paid their back taxes the question still remains - how did they get a club licence with what must have been huge losses on the books?

**sfc red** · 16/03/2006, 10:09 PM

Well done lads, 6 pages of you lot getting way too horny about Shels APPARENT problems. Bravo

**Poor Student** · 16/03/2006, 10:14 PM

Originally Posted by pineapple stu

Is it the case that every club issued with such a petition went bust though? Coleraine were served one as well but are struggling on. Clubs in England were threatened with one on many occasions but went into administration and survived. Just trying to work out Shels' chances of success, basically.

Did the original Airdeonians get liquidated in 2002? They certainly died outright.

Dundee FC, Livingston and Motherwell all entered administration I think. Motherwell stayed in administration for ages. Both Dundee and Motherwell had to make immediate player redundancies of whom they've never paid back and never will. It's odd how Shels would have skipped right through to liquidation.

**green-blood** · 16/03/2006, 10:17 PM

Shels APPARENT problems

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nope, there is an ACTUAL winding up order and an ACTUAL court date on April 3rd.... there is not yet an ACTUAL statement, but it seems a lack of statements (of the bank type) could be part of the problem