In business , consolidation or amalgamation is the merger and acquisition of many smaller companies into a few much larger ones. In the context of financial accounting , consolidation refers to the aggregation of financial statements of a group company as consolidated financial statements . The taxation term of consolidation refers to the treatment of a group of companies and other entities as one entity for tax purposes. Under the Halsbury's Laws of England , amalgamation is defined as "a blending together of two or more undertakings into one undertaking, the shareholders of each blending company, becoming, substantially, the shareholders of the blended undertakings. There may be amalgamations, either by transfer of two or more undertakings to a new company or the transfer of one or more companies to an existing company".
75-590: Macarthur Rams Football Club is a semi-professional football club based in Campbelltown, New South Wales , Australia. The club compete in Football NSW League One , situated in the third tier of Australian football. The club's home ground is the 3,000 capacity Lynwood Park , located in St. Helens Park . Founded by an amalgamation of Campbelltown City Soccer Club and modern-day Gunners Soccer Club,
150-522: A penalty shootout , sparking a pitch invasion at Jensen Park They proceeded to defeat Central Coast United FC 1–4, with former Australia Schoolboys captain Daniel Blachura dribbling through six players to assist Christian Torrelli's goal. The Rams then returned to Rydalmere Park to face the Lions once more to secure a spot in the grand final. The Rams pulled off a 2–3 victory, sending them to
225-683: A 13th-placed finish, seeing them relegated with former NSL club Canterbury Bankstown. Macarthur Rams' first season in NPL 3 was cut short due to the COVID-19 pandemic in NSW. Before the season's cancellation, the Rams finished 10th of 12. The 2021 season would see a top 8 placement needed to secure promotion back to NPL 2, due to a restructuring of the Football NSW league system which was speculated to see
300-480: A football club in the local area. Some of these residents had children playing for local club Ingleburn Eagles and decided that they should have a club to represent their own area, as the Macquarie Fields and Glenfield areas were growing rapidly with the developing housing estates in the mid-1970s. A unanimous vote of approximately forty residents was carried to form the ‘Glenquarie United Soccer Club’ with
375-414: A full-time basis, but still receive some payment. Semi-professionals are not amateur because they receive regular payment from their team, but generally at a considerably lower rate than a full-time professional athlete . As a result, semi-professional players frequently have (or seek) full-time employment elsewhere. A semi-pro player or team could also be one that represents a place of employment that only
450-404: A late Craig Cooley equaliser pushed the game to penalties, in which the Rams won 7–6. They then faced former NSL side St George FC in the 'minor semi-final', in which despite Rams taking a 1–0 lead in the 72nd minute, St George came back with 73rd, 75th and 90th-minute goals to win the match. In 2012, the Rams defeated Mounties Wanderers 3–1 in the elimination final, before once again losing in
525-460: A renaming of the state leagues was the third tier of football in NSW. This was reverted in 1983, which saw the leagues return to the traditional naming structure. From 1982 to 1984, Campbelltown City competed in three grand finals, winning the latter two against Queens Park Eastern Suburbs both years. The 1984 season also saw them win the premiership, confusingly promoting them back to the 'Division Two' competition from 'Division Three'. This put them at
600-481: A rivalry with NSW League Three club Camden Tigers , due to being the only two clubs from Macarthur that compete in the Football NSW league system; often referred to as 'representative' football regarding Youth and SAP age groups. The rivalry is also fuelled by the common players and coaches movement to and from both clubs through Youth and Seniors, as well as the general perception of Rams' superiority as they have historically competed in higher leagues. The Rams' status as
675-668: A synthetic pitch which was installed in 2016, a main grandstand with undercover seating for 520 spectators, a pavilion with some additional seating and standing room, and two grass hills. It also features a clubhouse with a bar, a board room and office space for the Macarthur Football Association. The lights are of Football NSW standard and allow for night matches. The complex also includes a further three grass football pitches, with pitches '3' and '4' being exclusively operated by local MFA club Campbelltown Uniting Church. It has an estimated total capacity of 3,000. In
750-463: A through ball to Anthony Vastag, who converted the winner; winning the grand final in the 94th minute. The win marked the Rams' first title in eight years. After the game, goalkeeper Stevan Savicic was awarded with the ' Man of the Match ' award, with Football NSW suggesting that Daniel Blachura was in close contention. Christian Torrelli ended the campaign as the Rams' top scorer with ten goals. Following
825-438: Is an excess of dividends declared over earnings of the acquired company since the date of acquisition. Regular dividends are recorded as dividend income whenever they are declared. Impairment loss : An impairment loss occurs when there is a decline in the value of the investment other than temporary. When the amount of stock purchased is between 20% and 50% of the common stock outstanding, the purchasing company's influence over
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#1732794098057900-638: Is grey, with their tertiary colour being either white or black. Their logo features a ram's face and horns, along with purple outlining the letters 'RAMS' in grey. Their previous logo was the face of a ram, similar to the current Macarthur Football Association logo. Lynwood Park is located in the Campbelltown suburb of St Helens Park, within the Campbelltown City Council. The venue is home to both Macarthur Rams and Macarthur Rams Women's, as well as their Youth and SAP teams. It features
975-447: Is prohibitive, semi-pro football is common at the adult levels, in the outdoor or indoor variety , providing an outlet for players who have used up their NCAA eligibility and have no further use for maintaining amateur status. As a sport that normally plays only one game per week, American football is especially suited for semi-pro play and commonly known as "working man's" football; meaning the players have regular jobs and play football on
1050-420: Is the practice, in business, of legally combining two or more organizations into a single new one. Upon consolidation, the original organizations cease to exist and are supplanted by a new entity. There are three forms of business combinations: A parent company can acquire another company by purchasing its net assets or by purchasing a majority share of its common stock. Regardless of the method of acquisition,
1125-584: The 2008 NSW Premier League season, Macarthur Rams played at largest stadium in South-West Sydney , Campbelltown Stadium , located in the Campbelltown suburb of Leumeah . During the 2010s, the Rams played annual friendlies against A-League clubs Western Sydney Wanderers and Sydney FC at the ground. The stadium holds 20,000 people, as well as 17,000 seats. Campbelltown Stadium is now used as the home ground of A-League Men side Macarthur FC, as well as one of NRL club Wests Tigers ' home grounds. During
1200-512: The 2022 AFF Futsal Championship in Bangkok , Thailand . On 5 April Haddad scored for Australia against Myanmar . On 9 April 2022, the Rams suffered a 5–0 loss to Bankstown City FC , resulting in the largest score margin of a League Two game at the time. On 18 July 2022, Rams secured promotion to NSW League One with four games remaining, after securing a point in a 0–0 draw with Bankstown United FC . The point guaranteed they would finish in
1275-592: The 2022 Australia Cup . Greenacre, an amateur club from the 5th tier of Australian football, defeated the Rams 2–1. The shock result drew mentions from the Australian football community, with the Australia Cup promoting the result as a ' cupset '. A week after scoring Rams' only goal in the cupset, Football Australia announced that Rams striker Anthony Haddad was called up to the Futsalroos squad for
1350-572: The Scottish Premiership , with most teams below the second-level Scottish Championship being semi-professional. Historically, English rugby league and rugby union have had one full-time professional division, with semi-professional divisions at the next level down. The second tier of union, the RFU Championship , became fully professional beginning with the 2009–10 season. Amalgamation (business) Consolidation
1425-431: The grand final to face Inter Lions in a developing rivalry. On 3 September 2022 the Rams travelled to neutral venue Sydney United Sports Centre for the grand final. After conceding first, the Rams equalised on the 82nd minute through Christian Torrelli. In the 5th minute of stoppage time , former Macedonia international Daniel Georgievski lost possession, leading to a Rams counterattack. Christian Torrelli played
1500-642: The 'Rams' serve as the premier football club within the Macarthur region, and operate as Macarthur's highest-ranked club outside of the A-League Men competition. The Rams have a corresponding women's team, which competes in National Premier Leagues NSW . The origins of Macarthur Rams are traced back to the earliest records of Campbelltown City Soccer Club, which is the 'NSW Inter Suburban Division Four' 1968 season in which they won
1575-431: The 2021 season, the men's Football NSW league system did not see the anticipated restructure, however NPL 2, NPL 3 and NPL 4 were renamed to League One, League Two and League Three respectively. On 5 August 2021, the Rams announced the appointment of Blacktown Spartan's former technical director, Paul Bertolissio, as the club's 'Head of Football'. The 2021 season would also prove to be club stalwart Craig Cooley's last for
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#17327940980571650-618: The MFA-run M-League, which is positioned at the sixth tier of the Australian football league system. Campbelltown City did not remain as a separate club, and instead completely amalgamated. In 1988, the Campbelltown Vikings began to competing in the NSW Division Two at the third tier of the Australian football league system. The Vikings would go on to spend seven years in the NSW Division Two, during which
1725-717: The Macarthur Districts Soccer Football Association (now Macarthur Football Association), the governing body of football in Macarthur, forming Campbelltown City and Districts Soccer Club, opening the possibility for negotiations between the federation club of the area and the MDSFA. Their men's teams remained competing in the NSW football league system. In 1988, the NSW Soccer Federation looked to consolidate teams across
1800-524: The NPL NSW 2 championship by once again, beating them 2–1, courtesy of goals from Netfali Gonzalez and Gerard Ouffoue. Following their championship winning season, they finished 9th of 12. The Rams then went on to finish 8th of 14 in the 2016 season, competing against the reserve teams of A-League Men clubs Western Sydney Wanderers , Sydney FC and Central Coast Mariners , as well as former NSL powerhouses Marconi Stallions and St George FC . They defeated
1875-553: The NSW Division One competition, finishing as both premiers and champions, defeating Wollongong United 1–0 in the grand final. This would also see them promoted to the NSW Super League at the second tier of the Australian football league system and the first tier of the NSW football league system. This remains the highest tier the Rams have ever competed in. From 1995 to 2000, Macarthur Rams spent five years in
1950-555: The NSW football league system. In their first season, they won the NSW Division Six competition, the beginning of a double promotion. In 1983, Glenquarie United renamed themselves to 'Campbelltown District Soccer Club'. The Campbelltown District era saw another successful double promotion, placing them in the NSW Division Three competition, placing them at the fourth tier of the Australian football league system,
2025-438: The NSW second division, placing them back at the third tier of the Australian football league system at the turn of the century. From 2001 to 2007, Macarthur Rams spent six years in the NSW Super League, consistently finishing mid-table. They achieved one play-off qualification spot in the six-year stint through goal-difference, losing 3–0 to Fraser Park in the elimination final. For the 2008 season, Football NSW looked to expand
2100-482: The NSW top flight, making the 'preliminary final' in 1998 and 1999. After the 2000 NSW Super League season, the league split, with ten of the fourteen NSW Super League teams forming the ' NSW Premier League ', and the remaining teams maintaining the Super League. This made the new Premier League the top tier in NSW, relegating the Super League to second tier. For the first time in six years, the Rams would compete in
2175-727: The Olympic Club was accused by a rival club of enticing athletes to jump to its ranks with offers of jobs. An investigation by the Amateur Athletic Union ruled that the Olympics' practice was not actually professionalism but only a "semi" form of it, inventing the term "semi-pro". Although the Amateur Athletic Union did not like the idea very much, it decided that clubs could indeed offer employment without losing their amateur status or compromising
2250-463: The Premier League and add two teams. This allowed the Rams to once again compete in the NSW first division, for the first time in eight years. For the 2008 NSW Premier League season , the Rams played their home matches at the largest stadium in South-West Sydney , Campbelltown Stadium . After one year back in the first division, the Rams were relegated back to the Super League at the end of
2325-405: The Rams' early years as the Campbelltown Vikings, they played their games at Bensley Road Soccer Complex, a football complex in the Campbelltown suburb of Macquarie Fields. In the modern day, it is used as the home ground of Gunners Soccer Club. It now features three grass pitches and a clubhouse, with the main pitch having elevated standing room in the form of pitch-long steps. Macarthur Rams share
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2400-464: The United States, where college ice hockey dominates at that age group; the junior leagues in the United States generally operate as fully amateur teams to maintain the players' eligibility to play in college. Lower-end minor leagues and more obscure sports often operate at a semi-professional level due to cost concerns. Because the cost of running a fully professional American football team
2475-425: The acquired company is often significant. The deciding factor, however, is significant influence. If other factors exist that reduce the influence or if significant influence is gained at an ownership of less than 20%, the equity method may be appropriate (FASB interpretation 35 (FIN 35) underlines the circumstances where the investor is unable to exercise significant influence). To account for this type of investment,
2550-440: The acquired company. Control in this context is defined as ability to direct policies and management. In this type of relationship the controlling company is the parent and the controlled company is the subsidiary . The parent company needs to issue consolidated financial statements at the end of the year to reflect this relationship. Consolidated financial statements show the parent and the subsidiary as one single entity. During
2625-621: The association's 'federation team' also pushes this perception. Due to both clubs' men's teams not competing in the same league, the rivalry is particularly present in the Youth age groups, as both clubs compete in the Football NSW Boys Youth League 3. The rivalry in the Youth League was pushed as for five fixtures in a row from 2020 to 2021, all the matches had been scheduled and played at Ron Dine Memorial Reserve,
2700-404: The athlete. In North America, semi-professional athletes and teams were far more common in the early and mid-20th century than they are today. Large blue-collar employers such as factories and shipyards often fielded baseball and basketball teams, with players receiving full-time salaries comparable to other employees. In theory, such players split their work week between athletic training and
2775-603: The attendant scholarships , in maintaining amateur status (unlike the Amateur Athletic Union, the NCAA forbade any sort of compensation outside of scholarships, including job offers tied to their playing, until 2020). Eligibility for participation in the Olympics in some sports is still dependent upon maintaining a purely amateur status (although far less so than was previously the case), and such athletes may be supported by government money, business sponsorships, and other systems. At
2850-695: The championship, Mark Symington fulfilled his retirement, with its potential fulfilment threatening throughout the previous 30 days, with each of Rams' knockout games threatening to end his career. On 23 September 2022 Stevan Savicic and Brett Hewit were named the Goalkeeper and Coach of the Year respectively by Football NSW at the Hyatt Regency in Sydney . Macarthur Rams' primary colour is maroon, often interchanged with purple in kits. Their secondary colour
2925-400: The club revealed their new kits for the upcoming 2022 season. The kits would see a new design, with the home kit featuring grey vertical stripes on a maroon shirt, and the away kit featuring black vertical stripes on a white shirt; a switch from the traditional plain maroon. Semi-professional sports Semi-professional sports are sports in which athletes are not participating on
3000-502: The club. Cooley is the club's all-time appearance holder with over 350 matches played, along with captaining the club over 150 times. His departure marked the end of an 18-year-long era, having joined the club in 2003. In January 2022, the club announced a farewell for him in a friendly against League 1 side St George FC . The match would also be former Australia captain Mark Milligan 's first game in charge of St George. The match
3075-403: The clubs do not compete within the same SAP league structure; with Macarthur Rams fielding Football NSW SAP teams from U9s-U12s, and Camden Tigers fielding MFA administered M-SAP teams as U8s and U9s. Macarthur Rams' kits have traditionally been mainly plain maroon , often interchanged with purple . Their kits are currently supplied by Australian sportswear company Gioca. On 13 October 2021,
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3150-401: The cost method to account for this type of investment. Under the cost method, the investment is recorded at cost at the time of purchase. The company does not need any entries to adjust this account balance unless the investment is considered impaired or there are liquidating dividends, both of which reduce the investment account. Liquidating dividends : Liquidating dividends occur when there
3225-449: The costs (including direct costs, costs of issuing securities and indirect costs) are treated as follows: Treatment to the acquiring company: When purchasing the net assets the acquiring company records in its books the receipt of the net assets and the disbursement of cash, the creation of a liability or the issuance of stock as a form of payment for the transfer. Treatment to the acquired company: The acquired company records in its books
3300-414: The elimination of its net assets and the receipt of cash, receivables or investment in the acquiring company (if what was received from the transfer included common stock from the purchasing company). If the acquired company is liquidated then the company needs an additional entry to distribute the remaining assets to its shareholders. Treatment to the purchasing company: When the purchasing company acquires
3375-435: The employees are allowed to play on. In this case, it is considered semi-pro because their employer pays them, but for their regular job, not for playing on the company's team. The semi-professional status is not universal throughout the world and depends on each country's labour code and each sports organization's specific regulations. The San Francisco Olympic Club fielded an American football team in 1890. That year,
3450-400: The eventual premiers Sydney FC in a 4–2 win at Lynwood Park. In the 2017 season, the Rams finished 13th in the league, despite defeating Western Sydney Wanderers and Central Coast Mariners, even defeating the latter on both home and away occasions. This season was followed by a 12th-placed finish, a one-place improvement. In 2019, the Rams were relegated to the NPL NSW 3. This correlated with
3525-404: The four NPL NSW leagues divide into three 16-team leagues. This speculation was backed as Football NSW restructured the 'Youth Leagues' to fit this format. 2021 also saw changes within the club, with long-serving chairman Gordon Sneddon resigning. It was announced on 21 May that the vacant position was filled by MFA M-League club Oran Park Rovers' chairman, Michael Giusti. In a period of change, it
3600-448: The game 1–2, with Dulwich Hill FC's 6-0 drubbing of Bankstown City FC confirming the Rams' finals qualification. Macarthur Rams ended the regular season with the joint-best defence in the league, level with Dunbar Rovers FC ; despite Rams' five goals conceded against Bankstown City, and eight goals conceded against Inter Lions. Rams continued to advance through the finals, defeating Brett Hewit's former club Canterbury Bankstown FC in
3675-492: The highest in the club's history. In 1986, Campbelltown District competed in NSW Division Three as 'Campbelltown Gunners', in reference to their Arsenal-orientated branding. After a mid-table finish, the club again reverted to 'Campbelltown District' for 1987, a season in which they would finish 5th; marking the end of Campbelltown District's eleven-year history competing as themselves in the NSW football league system. In 1987, Campbelltown City SC and Campbelltown District SC joined
3750-531: The home ground of Camden Tigers. This has meant that Rams had never played Tigers at home, despite being in the same league for two years. This ended on 5 March 2022, when they faced each other in Round 3 of the league. The round concluded with one win for Tigers and four wins for Rams, with the U13s, U14s and U16s notably winning 8–1, 6–1 and 6–0 respectively. This rivalry, however, does not transfer to SAP age groups as
3825-535: The league and defeating Mounties Wanderers 2–1 in the qualifying final, before losing 2–1 to St George FC in the major semi-final. In 2014, a third-place finish saw Macarthur Rams qualify for the qualifying final, in which they defeated Central Coast Mariners 1–0. Proceeding to the major semi-final, they defeated former NSL side Parramatta FC 2–1. Leading them to the grand-final, they faced Parramatta once again at Gabbie Stadium in Seven Hills , in which they won
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#17327940980573900-403: The leagues once again changed its name to NSW Division One. During 1991, the Campbelltown Vikings approached the MDSFA to discuss the transfer of their federation team to the control of the association. Upon reaching agreement, the association approached the NSW Soccer Federation to ratify the agreement. For the 1991 season, the Campbelltown Vikings were renamed to the 'Campbelltown Rams'. Under
3975-590: The logo of "The Gunners" based on English football club Arsenal . The name 'Glenquarie' was a combination of the two respective suburbs' names. The club's teams were to compete in the Southern Districts Soccer Association Leagues and to play their home games behind James Meehan High School , Macquarie Fields. After successful seasons in the Southern Districts competition, Glenquarie United began competing in
4050-546: The minor final; this time to former NSL side Bankstown Berries , with Dimitri Zakilis converting a stoppage time penalty to secure Berries' 2–1 win. This marked the end of Macarthur Rams' pre- NPL history. In 2013, the Football NSW governed leagues fell under the National Premier Leagues, leading the Rams to compete in NPL NSW 2, maintaining the status of their league at second highest in the state. The Rams' first season in NPL NSW 2 saw them finish second in
4125-406: The nickname 'Rams', which remains in use, Campbelltown Rams spent the 1991 and 1992 NSW Division One 1992 seasons in mid-table, solidifying themselves as a Division One team, often coming close to qualifying for a play-off position. For the 1993 NSW Division One season, Campbelltown Rams renamed themselves to 'Macarthur Rams', a name they would keep to the present day. In 1994, Macarthur Rams won
4200-590: The normal duties of the company's employees, though highly competitive teams often evolved into "sponsored" squads which trained for sports full-time and only nominally worked in the factory. The National Industrial Basketball League evolved out of these company-branded basketball teams. By the 1940s, baseball split off into separate truly amateur softball teams, sometimes sponsored by employers, and an expanded system of fully professionalized minor leagues whose lower ranks included many former industrial players. There are many benefits, such as collegiate eligibility and
4275-416: The notes of the financial statements when business combinations occur. Such disclosures are: Treatment of goodwill impairments: When a company purchases less than 20% of the outstanding common stock , the purchasing company's influence over the acquired company is not significant. (APB 18 specifies conditions where ownership is less than 20% but there is significant influence.) The purchasing company uses
4350-489: The premiership with a 2–8 victory. On 6 August 2022, the Rams played their final regular game of the season against Rydalmere Lions FC . Rams needed a win, as other results to go their way to qualify for the finals. On the morning of the game, Rams confirmed that club legend Mark Symington would retire at the end of Rams' campaign; meaning that the Rydalmere game could potentially be Symington's last. The Rams went on to win
4425-502: The premiership; ahead of 'Liverpool Eagles' on goal difference. This was the beginning of a triple promotion , which saw them compete in the NSW Federation Division Three in 1971; positioned on the third tier of the Australian football league system. Campbelltown City SC remained in the NSW Federation Division Three for a further six years, often fluctuating through the mid-table until their relegation in 1977,
4500-413: The purchasing company uses the equity method . Under the equity method, the purchaser records its investment at original cost. This balance increases with income and decreases for dividends from the subsidiary that accrue to the purchaser. Treatment of Purchase Differentials : At the time of purchase, purchase differentials arise from the difference between the cost of the investment and the book value of
4575-407: The same time, professional sports have become such a massive and remunerative business that even many low-level feeder teams can afford to have fully professional athletes. In Canada, semi-professionalism is prevalent in junior ice hockey , in which the top level players (most of whom are teenagers still in, or just out of, high school) are paid at a semi-professional level. This is not the case in
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#17327940980574650-508: The same year the league's name changed to 'NSW State League Division Three'. Following the relegation, they competed in the NSW State League Division Four , in which it only took them two years to get promoted again. Their two-year stint included one grand final appearance in 1978; a 2–1 loss to Sydney University . For the next four years, Campbelltown City competed in the 'Division Two' competition, which following
4725-402: The season. The 2009 season saw Rams return to Lynwood park, and in the proceeding year qualifying for the elimination final play-off;, losing 3–0 to former NSL side Spirit FC after extra time. This was the beginning of a five-year streak of qualifying for the play-offs. In 2011, a 4th-place finish saw the Rams once again qualify for the elimination final. Facing 5th-placed Granville Rage ,
4800-594: The short summer seasons and low salaries require players to hold jobs in the offseason to make ends meet. There are several hundred semi-professional football teams at non-League level. The bottom division of the English Football League (the fourth tier of the English football league system ) has traditionally been the cut-off point between professional ("full-time") and semi-professional ("part-time") in English football . However, many teams in
4875-408: The subsidiary through the purchase of its common stock, it records in its books the investment in the acquired company and the disbursement of the payment for the stock acquired. Treatment to the acquired company: The acquired company records in its books the receipt of the payment from the acquiring company and the issuance of stock. FASB 141 disclosure requirements: FASB 141 requires disclosures in
4950-414: The third tier of the Australian football league system, the highest in the club's history. Campbelltown City maintained Division Two football for the next three years, ending with a second-last placed finish to end their nineteen-year history as Campbelltown City. In July 1976, a group of residents from Macquarie Fields and Glenfield held a meeting to gage whether there was enough interest to establish
5025-562: The three State League Divisions from each area/district. As a result, Campbelltown City and Campbelltown District amalgamated to form Campbelltown Vikings. The Vikings were to play their home games at Bensley Road Soccer Complex, which would eventually become the home ground of the Campbelltown District SC, who still had their youth and women's teams under the MDSFA, despite the men's team's amalgamation. Campbelltown District are now known as Gunners Soccer Club and compete in
5100-426: The top eight of the league, which was only necessary due to Football NSW restructuring the number of teams within the state leagues. On 30 July 2022, the Rams hosted Inter Lions SC in their final home game of the season. A victory for the Rams would secure a finals birth, whereas a victory for Inter Lions would secure them the premiership. Inter Lions went on to defeat the Rams in a shockingly high scoreline, securing
5175-422: The top levels, as finances depend on promotion and relegation both of parent male teams and of the female teams themselves. Full professionalism for women is still in the planning stages; top female players often depend on other sources of income (such as coaching and physical training), and many attend university or college while playing. In Scottish football , semi-professional teams compete at all levels below
5250-538: The top non-League competition, the National League , have become "full-time" professional clubs in an effort to achieve League status. Many former League clubs also remain as fully professional teams following relegation to the lower leagues at least for as long as they retain a large enough average attendance to generate the income needed to pay the players. Women's football in England is semi-professional at
5325-414: The underlying assets. Purchase differentials have two components: Purchase differentials need to be amortized over their useful life; however, new accounting guidance states that goodwill is not amortized or reduced until it is permanently impaired, or the underlying asset is sold. When the amount of stock purchased is more than 50% of the outstanding common stock, the purchasing company has control over
5400-538: The weekends. In the 20th century the term "semi-pro football league" refer to higher level amateur leagues, though the players do not get paid, the leagues and the games are run in a somewhat professional manner. The National Lacrosse League , whose teams also typically play only one game per week, pays a salary that is enough to be considered fully professional, but players also are able to pursue outside employment to supplement their income. The lowest levels of organized baseball are also effectively semi-professional, as
5475-440: The year, the parent company can use the equity or the cost method to account for its investment in the subsidiary. Each company keeps separate books. However, at the end of the year, a consolidation working paper is prepared to combine the separate balances and to eliminate the intercompany transactions, the subsidiary's stockholder equity and the parent's investment account. The result is one set of financial statements that reflect
5550-480: Was announced that the Rams had parted ways with head coach Jason Breton. The position was then appointed to NPL 2 club Blacktown Spartans ' former head coach and former Futsalroos captain, Brett Hewit. In a repeat of the year previous, the 2021 season was cancelled, once again due to the COVID-19 pandemic. Before the season's cancellation, the Rams finished 8th. Due to the pandemic and the premature cancellation of
5625-524: Was originally planned to be played a month prior against Northbridge Bulls , the feeder team of A-League Men side Macarthur FC ; however it was cancelled due to COVID-19 cases within the Northbridge team. Cooley played his last game for Rams on 15 January in an eventual 1–1 draw with St George, also marking Rams' first game of the year. On 22 March 2022, after an undefeated start to the 2022 season, Rams faced BDAFA Premier League side Greenacre Eagles in
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