Petition to wind up Accolade (Shels)

**chippie0001** · 16/03/2006, 10:12 AM

In the Irish time today, page 33, there is a legal notice that the revenue commissioners have petitioned to wind up Accolade Ltd. Now Accolade did trade as Shels, have no idea if it does. But up to 2 years ago players were payed from Accolade and the P.35's returned as employees. Now we hear the revenue are winding them up for non payment. What are the FAI and league going to do about this?

**Block G Raptor** · 16/03/2006, 10:16 AM

Interesting ??

**Dodge** · 16/03/2006, 10:27 AM

Still is

**Block G Raptor** · 16/03/2006, 10:27 AM

Ive googled for this but cant find any reffeerence to a company in ireland called Acolade never mind any links to Shels
if however it is true then if the FAIlures try to sweep it under the carpet may be we should go public !!!

**chippie0001** · 16/03/2006, 10:28 AM

Originally Posted by Dodge

Still is

Well if it still is then they have to do something about it. And this is the club the FAI want us to share Dalymount with

**Peadar** · 16/03/2006, 10:38 AM

Originally Posted by Block G Raptor

Ive googled for this but cant find any reffeerence to a company in ireland called Acolade never mind any links to Shels...

Perhaps if you tried "Accolade" you'd have had some chance.

According to this, Accolade Limited, Trading As Shelbourne Football Club, have renewed one work permit this year so they're still tied to each other.

**Vitruvian Man** · 16/03/2006, 10:40 AM

We Bohs fans seem to have a higher proportion of financial conspiracy theorists than any other club. It will be interesting to see if Dalaney dumps his best buddies over this.

On a slightly related note… I have it from an absolutely unimpeachable source that the top brass in Shelbourne are worried about what Drogheda pay their players and accuse them (Drogs) of the kind of financial shenanigans that were always alleged about Shels themselves.

**ThatGuy** · 16/03/2006, 10:46 AM

Fantastic!

**chippie0001** · 16/03/2006, 10:48 AM

Originally Posted by Vitruvian Man

We Bohs fans seem to have a higher proportion of financial conspiracy theorists than any other club. It will be interesting to see if Dalaney dumps his best buddies over this.
.

This is hardly a theory, they were in court 3 days ago and will be back in court again. Accolade is/was Shels again not a theory. All in all will be interesting and a good laugh. Maybe we were not all wrong that Shels did not pay tax, now here comes to tax man winding them up

**Vitruvian Man** · 16/03/2006, 10:57 AM

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.

**Macy** · 16/03/2006, 11:00 AM

The only way Shels could do a Rovers is if they have already sold the lease and spent all the money. Rovers were going to the table with no assets - hence they got away with it.

Something for Bohs fans to consider - a year down the line, with Shels co-owners of Dalyer, it'd be your ground that revenue would be after.

**Schumi** · 16/03/2006, 11:03 AM

Originally Posted by Vitruvian Man

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.

They'd lose all the money they have/will get from the sale of their lease if they go down that road so the plan of paying Bohs for half of Dalymount would be off.

**DruggyDrog** · 16/03/2006, 11:04 AM

Originally Posted by Vitruvian Man

We Bohs fans seem to have a higher proportion of financial conspiracy theorists than any other club. It will be interesting to see if Dalaney dumps his best buddies over this.

On a slightly related note… I have it from an absolutely unimpeachable source that the top brass in Shelbourne are worried about what Drogheda pay their players and accuse them (Drogs) of the kind of financial shenanigans that were always alleged about Shels themselves.

Thats cos it was the only way Oily could keep paying what he was paying. Other more competent and professional business people prefer to do things legally and above board

**ThatGuy** · 16/03/2006, 11:07 AM

It is amazing that the 4th most popular football club in a city where live football isn't popular can afford to take a player like Glen Crowe away from a club like Bohemians and pay such money.

Looks like they are finally being found out.

I am Delighted with a captial D. Brilliant brilliant brilliant news.

**Dodge** · 16/03/2006, 11:08 AM

Originally Posted by Macy

Something for Bohs fans to consider - a year down the line, with Shels co-owners of Dalyer, it'd be your ground that revenue would be after.

Was thnking that myself.

**dcfcsteve** · 16/03/2006, 11:09 AM

Originally Posted by Macy

Something for Bohs fans to consider - a year down the line, with Shels co-owners of Dalyer, it'd be your ground that revenue would be after.

That's a good point. Although by putting money into Dalymount Shels would rightly be buying a share in it, if they fecked around with their finances you could find your own ground at-risk at some point as a result. Even though their finances are outside your control

Best solution I can think of would be to have the ground separated off legally as a separate Limited company, with Bohs and Shels equal share-holders in it. Alternatively, If I was Bohs I'd sell no more than a 49% share in Dalyer to anyone...

**Dodge** · 16/03/2006, 11:12 AM

Yeah but if Shels ahve shares in the ground, it will still be treated as an asset (in terms of recovering revunue's money)

**sonofstan** · 16/03/2006, 11:20 AM

would rather groundshare with the revenue than with Shels - take the point though; if the revenue seized whatever Shels interest in Dalymount turned out to be, we could end up with an aggressive non- football intersted co- owner, since they would presumably sell it on to realise whatever Shels owe them.

**Peadar** · 16/03/2006, 11:24 AM

Originally Posted by Dodge

Yeah but if Shels ahve shares in the ground, it will still be treated as an asset (in terms of recovering revunue's money)

So you're saying we could see the Revenue Commissioners having a corporate box in Dalyer someday?

**green-blood** · 16/03/2006, 11:25 AM

hold on rovers/branvard went into examinership, branvard continues to bea trading company and continues to be listed on the CRO.

Shels are doing the scummy thing and dumping an indebted company and I assume setting up another with a clean slate to continue trading as Shelbourne FC

Now the licencing rules were changed last year following our examinership. if the commpany name that applied for a licence is wound up you surrender your licence!! So 1 of 2 things can have happened.

They leave the league as they have no licence.

They aplied for the licence under a different company name, which begs the question what did they do with the records of Accolade. And with which company is the foreign player needing a work permit tied to. if he is tied to Accolade he cannot play for Shels as Accolade dont hold an FAI licence??

The plot thickens. Have Shels and illegally signed player????