Olimpija's financial crisis - Xtratime Community
 
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post #1 of 6 (permalink) Old March 3rd, 2005, 12:29 Thread Starter
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Olimpija's financial crisis

from uefa.com

Olimpija troubles
Olimpija have had a tough winter with Cimirotic, Anton Zlogar, Boštjan Cesar, Blaz Puc, Fausto Budicin, Branko Ilic, Nedim Jusufbegovic, Darijan Matic and Janez Aljancic all departing the financially-troubled club. Third in the league, the capital team will continue with a squad of young players and loan signings, and may even concede top-flight status in the summer, opting for a rebirth in the style of ACF Fiorentina.

February 25


Financial problems
Olimpija, meanwhile, have suffered increasingly from financial problems over the last few years, and the club's mounting debts have forced the issue in recent weeks. Olimpija, who are currently third, eleven points behind Gorica, have lost several players to other Slovenian sides and are rumoured to be preparing to announce their withdrawal from the league.

Famous name
One possible solution is for the club to receive financial help from the city of Ljubljana, but that looks unlikely and the most likely outcome would have the team starting again in a lower division. Olimpija's demise would be a significant setback for Slovenian football, as they were the country's most consistent performer when Slovenia was part of the former Yugoslavia and won the first four league titles after independence was granted in 1991.

January 25


Slovenian championship can't lose a big name as Olimpija...
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post #2 of 6 (permalink) Old March 3rd, 2005, 14:31
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Yes it can, and it certainly will. That's because the city of Ljubljana doesn't give a sh!t about football.

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post #3 of 6 (permalink) Old March 3rd, 2005, 14:53
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Sad story, but there are a few things I don't understand:
1) How did they get in such deep trouble in the first place?
2) A few transfers are mentioned but where did e.g. Cesar go?
3) Why didn't these transfers bring in enough cash to fill the gaps until a recovery plan (if there ever was anything of the sort) was put into action?

The argument of Ljubljana having tradition and a past is irrelevant when it comes to the economic health of the Slovenian league. It just fits in the overload of emotions and sentimentality that seems commonplace in football, but at the same time often blocks out common sense more than is healthy.
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post #4 of 6 (permalink) Old March 3rd, 2005, 15:49
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Quote:
Originally Posted by binswhacker
Sad story, but there are a few things I don't understand:
1) How did they get in such deep trouble in the first place?
Well, first they were ran by a couple of bastards that were only interested in transferring as much club money as possible into private pockets (such a poetic equivalent for the word stealing, isn't it? ). Secondly, general public in Ljubljana seems to be more interested in other things/sports than in football. Not surprisingly, Olimpija had one of the lowest attendances in the whole league. Although their stadium can accomodate up to 10.000 people, I don't think that the average attendance was over 1.000. Thus, there was not much interest from the sponsors in the team either. But I think that the city council, who decides which sport societies receive what share of funds from the city budget, did next to nothing in promoting football as well. I mean the fact that the new national stadium project is literally dead, speaks a lot about their interests.

Quote:
2) A few transfers are mentioned but where did e.g. Cesar go?
I think Cesar returned to Dinamo Zagreb as he was in Olimpija on loan (I am not 100% sure about this though).


Quote:
3) Why didn't these transfers bring in enough cash to fill the gaps until a recovery plan (if there ever was anything of the sort) was put into action?
These transfers were not real transfers. Since the players didn't get their wages for few months, their contract was voided. By the slovenian FA rules they were entitled to join any other club, without Olimpija receiving a single euro for their transfer. I think Olimpija is now lead by a group of people that are supposed to perform a recovery, but I haven't heard much news about what they are doing since they came to power.

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Flight to Rio de Janeiro: 400 €
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Partizan
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post #5 of 6 (permalink) Old March 3rd, 2005, 16:38
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So in short, it's the classic story of a club living above it's standards for far too long and now paying the consequences. And the sad part is that the new people in charge seem to have next to nothing to build on.
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post #6 of 6 (permalink) Old March 4th, 2005, 06:50
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OAnimal said it pretty good, Olimpija is a "victim" of incompetent bastards, or should I say, competent for their own good. The club was left to die on it's own, noone cared for it, for the players so it's actually a surprise it didn't come to this some time ago.

If we still want to see Olimpija play football it would only be apropriate if this current clus was dismissed and than a new Olimpija to be founded and start their way up in the lower leagues.

SLOVENIJA


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