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Thread: Bohs in financial trouble - FAI Licencing called into question again?

  1. #21
    Reserves awec's Avatar
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    Every year a club down here gets into money problems it seems ffs. No harm to you all, but you'd think you'd have realised that you're doing something wrong by now.

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    Banned. Children Banned. Grandchildren Banned. 3 Months. Charlie Darwin's Avatar
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    Much as I dislike Bohs this is not good news.

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    Seasoned Pro peadar1987's Avatar
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    Quote Originally Posted by awec View Post
    Every year a club down here gets into money problems it seems ffs. No harm to you all, but you'd think you'd have realised that you're doing something wrong by now.
    The only thing they've realised is that they can get away with it!

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    Banned. Children Banned. Grandchildren Banned. 3 Months. Charlie Darwin's Avatar
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    Quote Originally Posted by awec View Post
    No harm to you all, but you'd think you'd have realised that you're doing something wrong by now.
    A few more years down south and you'll realise how ridiculous what you just said is.

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    Football clubs in financial trouble isn't just a problem in the LOI - it's a problem throughout football, including the Irish League:

    http://news.bbc.co.uk/sport1/hi/foot...sh/8798512.stm

    http://news.bbc.co.uk/sport1/hi/foot...sh/8430911.stm

    http://news.bbc.co.uk/sport1/hi/foot...sh/6745983.stm

    http://en.wikipedia.org/wiki/Omagh_Town_F.C.

    Quote Originally Posted by awec View Post
    Every year a club down here gets into money problems it seems ffs. No harm to you all, but you'd think you'd have realised that you're doing something wrong by now.

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    Quote Originally Posted by HulaHoop View Post
    On a serious note, does this once more call into question the FAI's licencing process? Remember Bohs had a transfer embargo on them that the FAI lifted and allowed them to sign 7 new players before the season started.
    Licencing has zero credibility. They've managed to prove this several times every season.

    Bohs situation can't be that much of a shock - Fenlon was flagging this straight after TNS. Timing is quite funny, given the last few days on here though.
    If you attack me with stupidity, I'll be forced to defend myself with sarcasm.

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    Seasoned Pro OneRedArmy's Avatar
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    Cashflow problems are small beer in Bohsland. I wonder how long its going to take for NAMA to pursue them through the Courts for selling land they didn't own?

  8. #28
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    SCP isn't an issue. To answer the Pats fan who claimed we were above the SCP every year, we were in compliance by the end of every season.
    TO TELL THE TRUTH IS REVOLUTIONARY

    The ONLY foot.ie user with a type of logic named after them!

    All of this has happened before. All of it will happen again.

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    Quote Originally Posted by BohsPartisan View Post
    SCP isn't an issue. To answer the Pats fan who claimed we were above the SCP every year, we were in compliance by the endof every season.
    And that's why the SCP is a joke. You can cheat all year long so long as it's alright on the last week. So Bohs options to raise funds are to try to sell players for as much as possible and get members to pay in. Not sure how much that'll bring in.
    False hope is worse than no hope. Ask Sligo.

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    No relegation again this year, thanks to elite clubs abusing finances, the FAI are a farce....must be the only league in Europe where ye just can not get relegated...

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    Quote Originally Posted by BohsPartisan View Post
    SCP isn't an issue. To answer the Pats fan who claimed we were above the SCP every year, we were in compliance by the end of every season.
    Here we go!!
    It's head in the sand time again!!
    Why can't fans of clubs on this forum or in general ever admit to the fact that their clubs have made huge mistakes and are up sh1t creek? This is too little, too late for Bohs and we see it all the time. Cork and Derry for years watching what was going on and not accepting the problem even existed until it was painfully obvious to everybody and too late to do anything about it anyways except reform and get relegated. Even ourselves at the start of last season. So many people trying to argue that there was nothing wrong when the club was going around with the hands out looking for a thousands to keep the show on the road. Last season with the transfer embargo and still Bohs fans were trying (and still are obviously) to defend it and say everything is okay. Then what happens, we see that their budget could not be sustained!! Why can't people be a bit more honest and less self protecting at all costs and face the realities?
    Sure lets keep up with the petty point scoring and jibing and blame the FAI, sure it's great craic and we never have to accept our own problems.

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  13. #32
    Reserves hoopy's Avatar
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    Quote Originally Posted by Captain2007 View Post
    No relegation again this year, thanks to elite clubs abusing finances, the FAI are a farce....must be the only league in Europe where ye just can not get relegated...
    Like ourselves clubs have been deservedly docked points over the last few years. Bohs have been warned this season and more than once last season about their finances by the FAI and zilch. And some Bohs fans come on here saying the FAI let us away with murder.
    False hope is worse than no hope. Ask Sligo.

  14. #33
    Now with extra sauce! Dodge's Avatar
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    Quote Originally Posted by dong View Post
    still Bohs fans were trying (and still are obviously) to defend it and say everything is okay. Then what happens, we see that their budget could not be sustained!! Why can't people be a bit more honest and less self protecting at all costs and face the realities?
    In fairness he didn't say there wasn't problems. He said the SCP wasn't an issue.

    Bohs fans were told last night they are way, way under the SCP
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    Quote Originally Posted by Dodge View Post
    In fairness he didn't say there wasn't problems. He said the SCP wasn't an issue.

    Bohs fans were told last night they are way, way under the SCP

    Way under the 65% SCP yet struggling for cash to pay the wages. Something is not right with that, an indication perhaps that the income showing on their accounts for SCP purposes isn't actually income at all. Cookery books galore at the big club it seems.

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    Quote Originally Posted by Dodge View Post
    In fairness he didn't say there wasn't problems. He said the SCP wasn't an issue.

    Bohs fans were told last night they are way, way under the SCP
    That's nearly worse - complying with the SCP and still being in trouble!
    If you attack me with stupidity, I'll be forced to defend myself with sarcasm.

  17. #36
    Banned dcfcsteve's Avatar
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    Quote Originally Posted by dong View Post
    Cork and Derry for years watching what was going on and not accepting the problem even existed until it was painfully obvious to everybody and too late to do anything about it anyways except reform and get relegated.
    You're being harsh/inaccurate in relation to City there.

    There was no 'watching problems for years' as you suggest. It all really unfolded across last season. Only a few with insider information were in a position to start suggesting that things weren't well, and after the Euro run flushed out the money issues fans did start to raise issues. Then the whole dual-contracts thing came as a genuine surprise to pretty much everyone.

    By the time we went pop there were still fans in denial, but also a lot up in arms. But to say that we knew for years what was going on and did nothing is just pure nonesense.

  18. #37
    Now with extra sauce! Dodge's Avatar
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    Quote Originally Posted by HulaHoop View Post
    Way under the 65% SCP yet struggling for cash to pay the wages. Something is not right with that
    Not trying to get into it again but do you not see the similarities between Rovers' losses and their spend on wages?

    (and before anyone starts bringing Pats into it, I know full well how close we've come to going bust in recent times, and how much we're strugglling for income. The only saving grace for us, as a club, is how we've reduced the playing budget to around a quarter of what it was 2 years ago)

    EDIT; Oh and one of my Bohs supporting mates was strangely happy about last night's meeting because he felt it was the first time the baord had faced up to their problems, and admitted some mistakes.

    Whatever about internet ********ology, no club's supporters are in any position to be gloating about finances
    Last edited by Dodge; 13/08/2010 at 10:01 AM.
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  19. #38
    Biased against YOUR club pineapple stu's Avatar
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    Quote Originally Posted by dcfcsteve View Post
    You're being harsh/inaccurate in relation to City there.

    It all really unfolded across last season.
    Funny; I recall telling you ye were broke in 2008 when you couldn't pay the Sammon transfer fee. MariborKev was raising questions then too.

    Quote Originally Posted by Macy View Post
    That's nearly worse - complying with the SCP and still being in trouble!
    I wonder if that deal they did - buy back some land to sell it to another party - counts as an extra E1m of income towards the SCP? So they're way under the SCP, but only because they made up an extra million of income, which obviously is no good when it comes to hard cash.

    But sure we'll see soon when the accounts are filed with the CRO.

  20. #39
    Banned dcfcsteve's Avatar
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    Quote Originally Posted by dcfc_1928 View Post
    Football clubs in financial trouble isn't just a problem in the LOI - it's a problem throughout football, including the Irish League:
    You're right that finances are a problem elsewhere in football. That's one of the things that really annoys me about English football - people over here slag off the LOI for its finacial problems, yet they conveniently ignore the fact that football in their beloved English system is in perennial crisis, with clubs regularly in and out of administration. It was only a surprisingly understanding judge that stopped Portsmouth from being wound up last week, but it can't be long before an English club gets the bullet for their financial errors.

    The Irish league also has financial issues. However - it would be unfair to put them on a parallel with ours. Omagh Town went bust in 2005. Prior to that, I can't think who the last club to pull out of the Irish League for financial reasons was. In the five years since Omagh Town dropped out, the LOI has lost Kildare County, Kilkenny City, Cobh Ramblers and Dublin City.

    No matter what way you look at it, the LOI has an absurdly high level of instability. It's always had chopping and changing - from memory, we haven't had more than 3 seasons in a row since the league founded that there hasn't been some sort of change regarding teams. Some of those changes have just been name changes, and some have been positive like increases in league membership etc, but a lot has also been teams drifting in and out of senior football : Thurles Town, St James Gate (twice), St Francis, EMFA/Kilkenny, Kildare County, Newcastle Utd/West, 12 different Cork Clubs, 4 different Limerick clubs, Bridevile, Drumcondra, Midland Athletic etc etc. The list of clubs who've dropped in and out of senior football in the LOI is huge. In the Irish League its much smaller - pretty much Belfast Celtic, Derry City and Omagh Town in the years since the split.

    Why is the IL a much more stable league than ours, despite having less money and support ? I would argue there's three reasons. Firstly, football is much more entrenched in the north than in the south. Secondly, it's only in the last three decades or so that they've had less money/crowds than the LOI. And finally, and most importantly, their clubs haven't gone down the full-time football arms race that we have - spending money they don't have to keep up with the Jones's. That's what's knackered us, and it began with Shels and Ollie Byrne in my view.

  21. #40
    First Team Jicked's Avatar
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    Have their board really faced up to reality if they're still talking about moving to a brand new purpose build stadium. Now I'm no property developer, but if I knew Bohs were up the creek financially, and wanted to buy Dalyer for some bizarre reason in this financial climate, why would I offer them more than the bare minimum? Bohs would be forced to accept a bid for Dalyer that clears their Zurich debt. Why would you give Bohs a few extra million and then build them a stadium for no particular reason?

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