Quotethats stupid money to be paying in this league, pat fenlon continues on his path of destruction.
Irish Independent article
http://www.independent.ie/sport/socc...s-1815617.html
Gypsies need to win league and beat Red Bull to avoid relegation
By Neil Ahern
Friday July 10 2009
BOHEMIANS will be facing almost certain relegation at the end of the season unless they pull off a massive double.
Bohs will be teetering over the trapdoor into the First Division if they fail to retain the League of Ireland championship and miss out on progression into the second qualification round of the Champions League, it was claimed at a club information meeting last Tuesday night.
Club members were informed by finance director, Chris Brien, that failure to win the league title and beat Red Bull Salzburg in the first qualifying round of the Champions League, would leave them 15pc above the FAI's 65pc Salary Cost Protocol.
EXPULSION
That would mean having to raise over €250,000 of extra funds in order to conform with the maximum percentage of income clubs are allowed to spend on players' wages.
According to the figures released at the meeting, Bohs are currently at a level of roughly 68pc.
If they end the season above the cut-off point, they will face relegation, expulsion from any European competition for which they qualify and will also relinquish any trophies they win this season.
According to the club's finance committee, the prize money earned from a second successive League of Ireland title and progression in the Champions League, along with the extra finances that would bring, is the only way in which they can avoid relegation.
And even that might not be enough as they would still be spending 67pc of their income on players' salaries and in need of an estimated €140,000 to edge below the 65pc mark, it was stated.
The members were told that the club had budgeted to spend €1.4m on players' wages this season, but that figure had to be increased to €1.6m to take into account bonuses still due to the players for their league win last season.
Their players' wage bill in 2008 was in excess of €1.9m. The players accepted a wage cut at the start of the season but they are still earning an average of €70,000 per year.
Bohs' general secretary, Gerry Conway, has suggested that some figures with regard to gate receipts for July may have been underestimated in the finance committee's address to the members and expressed confidence that the club would comply with the FAI's Salary Cost Protocol this season.
"I have 100pc faith that we will not be in breach of the Protocol on November 30 (the FAI deadline)," he said.
"There are other income sources which may not have been factored into these figures because that money is not yet at hand."
The FAI declined to comment on Bohs' current situation, but in an interview with the Irish Independent in May, Internal Compliance Officer Padraig Smith outlined the association's concerns over the club's wage-bill.
"The Salary Cost Protocol is a big issue for them this year," said Smith. "When you have salaries that are so high and the other side of the business is not generating sufficient income to match that expenditure, it's obviously worrying.
"We've met with the club and they (are) well aware of their obligations and the sanctions for breaching those rules.
"It is something that we will be monitoring throughout the season and we'll know by the end of the year if they've breached the Salary Cost Protocol. If they do breach it, they will be sanctioned."
Some members are already privately resigned to the club reverting to a part-time set-up next year, possibly in the First Division.
- Neil Ahern
thats stupid money to be paying in this league, pat fenlon continues on his path of destruction.
It's just a job. Grass grows, birds fly, waves pound the sand. I beat people up.
Muhammad Ali
An average wage of 70K! With an average attendance of about 2,000. Scary stuff.
Crazy money and once again this type of news could end up be the main talking points of the League Season.
Bohemians clearly have a lot of dedicated hard working fans.What they clearly don't have is a large support base. Thier attendances during the last couple of years of success have been frighteningly small.
He can only ask for a budget, like every other manager in the league.Originally Posted by the-blue-harp
Funniest part of the article is Gerry disagreeing with his Finance Officer
Last edited by Dodge; 10/07/2009 at 10:15 AM.
54,321 sold - wws will never die - ***
---
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For the sake of the league's health in future years it'd be good for Bohs to be relegated. if they get away with it this year by beating Red Bull they'll continue on in the same pathetic manner
Followed closely by the claim that Bohs' wages are at 67% of turnover. They've probably added in another E1m from Danninger this season.
And thank God for the Indo repeating the same things three times; I wasn't sure exactly what was meant until I read it the third time...
more bad news though lads....champions league group stages are further away than ever before. no crowds = no money.
So, if they win everything, they'd be spending 67% on wages. But if they added €140,000, they'd be at 65%.
W = 0.67*X
W = 0.65*(X + 140,000)
Where W is their wage bill and X is their projected double-winning income.
=>
0.67X = 0.65(X+140,000)
=>
0.02X = 91,000
=>
X = 4,550,000
=>
W = 0.67*4,550,000 = 3,048,500
A €3M wage bill according to their own figures. But wait!
Someone's telling porkies.The members were told that the club had budgeted to spend €1.4m on players' wages this season, but that figure had to be increased to €1.6m to take into account bonuses still due to the players for their league win last season.
I'll note that there's a bit of wiggle room in that the 67% figure may be rounded down from a figure as high as 67.49%, but that only changes the resulting wage bill to €2.47M.
It's also turnover of €4.5m, which is nonsense, even with Danninger's money.
Well, you'd know better than me from the CRO records. My guess is that the 67% figure is total ******, and they're actually way over the cap.
Methinks that some of the discrepancy above at least may be explained by the fact that they have a very high wage bill for 'coaches' who just happen to also be footballers. So they may only be spending 1.6 million on players, yet their overall wage bill is much, much higher.
Anyway, it's clear that if the people in charge of Bohs are in any was responsible they'll be looking to offload quite a few players in July.
#NeverStopNotGivingUp
Pretty sure it's been posted on here several times?
But yeah, I'd agree with your guess.
I'd agree if the wage cap is for all wages, which it possibly should be, but isn't. They say they need 140k to meet the wage cap, so the figures I quoted are the player wages.
Yes. Anyone actually expect them to do enough?Anyway, it's clear that if the people in charge of Bohs are in any was responsible they'll be looking to offload quite a few players in July.
The awful truth is that Cork CityFC wage bill is also approx 1.4 Million Euro PA with ever decreasing gates and sponsership.The best CCFC can hope for this year is 3rd in the League as they are gone out of all cups except Setanta and I dont see any future with that competition
Isn't it July now?Yes. Anyone actually expect them to do enough?
Last edited by pineapple stu; 10/07/2009 at 11:50 AM.
I hate to see financial problems in the league and I hate to see those damned asteriks on the table at the end of a season but on this occasion I have no sympathy. The warning signs were all there and were ignored, and the club continued to shell out of wages and signings when they shoud have been cutting their cloth accordingly.
IS IT..........damn i forgot to pay me car tax so
yep that stood out for me as well
Bohs are having great difficulty with consistency in their stories. Brian Trench PRO last May:
"Club public relations officer Brian Trench admits the situation is serious, but maintains the club is working hard to address the “revenue side”, having already reduced the annual wage bill from €1.95 million to €1.2 million in recent months"
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