'Poor' Bohs cut budget by �600,000 [Archive]

joeSoap

26/11/2008, 9:41 PM

whats so unbelievable?? :confused:

pretty reasonable step to take considering the change in circumstances - shouldnt this be in the financial facts and rumours thread? Unbelieveable amount of money, and even more unbe;ieveable that Bohs took in over �3m in revenue last season...:rolleyes:

SkStu

26/11/2008, 9:48 PM

look. Bohs have done nothing wrong this year. We have paid our players in full and on time each week. We submitted projections to the FAI which were accepted. Our circumstances have changed and our projections have changed in line with that, therefore cuts have had to be made for next season. I dont see anything hugely unreasonable in any of that.

It is no different to what has happened (mid season) at Sligo and Galway. Cork and Drogheda have encountered similar overspending and far worse problems than we have had this season. St. Pats have released 8 players since the end of the season. Derry are rumoured to be cutting their budget.

Wise up for fcuks sake.

joeSoap

26/11/2008, 10:00 PM

But ye broke the rules if ye didn't generate �3m in revenue....:confused:

BohsPartisan

26/11/2008, 10:05 PM

But ye broke the rules if ye didn't generate �3m in revenue....:confused:

So deduct us ten points then! :p

We will be cutting our expenditure by roughly the same percentage that most other clubs will be. Its called living in the current financial situation. A lot of clubs will be cutting by a bigger percentage. I really think people should get over this Bohs bashing sh!t. No, actually, don't because its kind of funny. We'll just keep enjoying our second double in seven years while the rest of you whinge.

SkStu

26/11/2008, 10:09 PM

no, we didnt break the rules any more than any of the clubs i mentioned.

the fact is that the certified projections we made to,and accepted by, the FAI. That we probably did not make 3m in revenue is immaterial to the best of my knowledge. Though its still a grey area as it is the first season of the "salary cap". Its flawed, for sure, but i dont think we have anything to fear in THAT regard. Possibly other problems down the line, yes. But who knows for sure what is in store... i certainly dont.

For B&W to say we bought the league is pretty lazy. We were not the leagues biggest spenders by a long shot.

mrtndvn

26/11/2008, 10:18 PM

How will Fenlon manage on a more reasonable budget?

Going to be a competitive year next year for the league title.

SkStu

26/11/2008, 10:23 PM

How will Fenlon manage on a more reasonable budget?

Going to be a competitive year next year for the league title.

i am hopeful that Fenlon will be okay next year in that he should have the same core group of players with 2 or 3 new faces.

competitive league next year? Definitely - think us, Pats, Sligo, Derry and Cork will be very close - should be fun! :p

Student Mullet

26/11/2008, 10:29 PM

I really think people should get over this Bohs bashing sh!t. No, actually, don't because its kind of funny. We'll just keep enjoying our second double in seven years while the rest of you whinge.
All this has happened before and all this will happen again.

brianw82

26/11/2008, 10:33 PM

competitive league next year? Definitely

It was supposed to be competitive this year, until yous went and ruined everything by winning every game. You ruined everything - ruiners!

sligoman

26/11/2008, 10:40 PM

competitive league next year? Definitely - think us, Pats, Sligo, Derry and Cork will be very close - should be fun! :pIf we have the group of players from 2008 season plus one or two others I'd agree we could compete. But with us due to go to a mixture of part time and full time next season, it's very unlikely we'll compete for the league title. All depends on what budget is decided on for next season I suppose, and if Cook accepts it.

sonofstan

26/11/2008, 10:49 PM

No time is a good time to be in the sort of pickle we're in re the land deal, but in some respects, it's not the worst. Pat's apart, no one will be able to offer silly money to tempt our players away, and we can offer reduced contracts, but bigger bonuses for Euro wins. A few biggish earners will be off the payroll this year - Singh notably. Kalonas is gone, and Deegan will probably follow; unfortunately, Murphy may go too, but if he does we'll get real money for him, so we can stregthen from that.

And for the last time, we didn't buy the league - we finished 19 pts ahead of a team with a much bigger budget.

eamo1

26/11/2008, 11:49 PM

It says if Deegan goes Shels get a cut of it but we(Galway Utd) should get a cut too,shouldnt we?

topia

26/11/2008, 11:53 PM

It says if Deegan goes Shels get a cut of it but we(Galway Utd) should get a cut too,shouldnt we?

doubtful he is out of contract

maroon ultra

27/11/2008, 12:32 AM

And why would we be entitled to a cut?

Macy

27/11/2008, 7:04 AM

whats so unbelievable??
That it's only being cut by �600,000?

Dalymountrower

27/11/2008, 8:01 AM

That it's only being cut by �600,000?

A budget cut like that would ,ironically, given the other clubs in freefall, move us from fourth highest player wage budget last season to second ( or third ) highest, next season.

Pity that we`ll have to offload 7 or 8 from the squad, but I`d reckon the remaining squad will be good enough to compete for the two major trophies at the end of next season......as long as we can hold on to Fenlon.

pineapple stu

27/11/2008, 8:46 AM

That it's only being cut by �600,000?
My thoughts too.

The club loses E500k after Liam Carroll's E1m donation. This won't be forthcoming in the future, so there's a loss of E1.5m which is to be covered by cutting back E600k on wages.

Doesn't add up.

Dodge

27/11/2008, 8:50 AM

A budget cut like that would ,ironically, given the other clubs in freefall, move us from fourth highest player wage budget last season to second ( or third ) highest, next season.

You're off your head if you think 3 clubs paid more than that in wages last year. I know for certain that Pats didn't.

joeSoap

27/11/2008, 9:46 AM

It still beggars the question: Why aren't they being brought to task over blatantly disregarding the salary cap? They broke the rules, pure and simple.

Dodge

27/11/2008, 10:04 AM

Its obviously not pure and simple

pete

27/11/2008, 10:09 AM

I thought Bohs overall budget was 2.5m this year of which 1m came from Carroll. Figures mentioned of 1.8m playing (wages) budget would seem to be in line with 65% of 2.5m. Without the 1m next season from Carroll they are going to cut 600k from wages & maybe 400k from other areas?

OneRedArmy

27/11/2008, 10:30 AM

If this proves to be the extent of Bohs worries then I would imagine the fans will be extremely happy.

Still presumably a huge risk its re-arranging deckchairs on the Titanic stuff as Liam Carroll will be going for the jugular as he needs every cent he can get at the minute.

tiktok

27/11/2008, 10:38 AM

You're off your head if you think 3 clubs paid more than that in wages last year. I know for certain that Pats didn't.

Pat's, Drogs, Cork City, Bohs, Derry had the leagues biggest wage bills last season, in that order. I touched on this briefly on another thread Dodge, but the PFAI are the ones who've put that information out there.

The cut doesn't add up for me either, I know they'll hope to bring in more meaningful European money next season with the CL, but �600k seems to be a drop in the ocean compared to the cut they seem to need.

pineapple stu

27/11/2008, 11:22 AM

Setanta money too of course.

But their 2007 accounts showed interest of E100k. If their overdraft/loan is now up from E1m to E4m, that figure alone has skyrocketed, so they need to cut even more than E1.5m off their budget. Which would basically involve going amateur.

fergalr

27/11/2008, 1:07 PM

......as long as we can hold on to Fenlon.
Do you think you will?

Dalymountrower

27/11/2008, 1:55 PM

You're off your head if you think 3 clubs paid more than that in wages last year. I know for certain that Pats didn't.

Well as Pete has pointed out, the figures are those that have been returned by the clubs to the FAI and leaked by the PFAI. If any club has made fraudulent reurns then the same terrible fate will befall them as happened to Rovers a few years ago .....err..... a minor point deduction

Candystripe

27/11/2008, 5:15 PM

Have Bohs included the interest that Carroll and the banks will probably be looking for?

Would that not add up to quite a lot of there outgoings next season?

The money for winning the double and the money from the CL will defitnitely help and would be a very tidy sum though.

DmanDmythDledge

27/11/2008, 5:29 PM

It says if Deegan goes Shels get a cut of it but we(Galway Utd) should get a cut too,shouldnt we?
If Deegan goes there will be no transfer fee so nobody would get a cut of anything.

scej

27/11/2008, 5:51 PM

My thoughts too.

The club loses E500k after Liam Carroll's E1m donation. This won't be forthcoming in the future, so there's a loss of E1.5m which is to be covered by cutting back E600k on wages.

Doesn't add up.

Add in the �400K or so in prize money that they've just won this season plus a minimum of �100K from UEFA for qualifying for the Champions League competition and the potential earnings in the Setanta Sports Cup and you're getting closer to the difference.

scej

27/11/2008, 5:55 PM

Pat's, Drogs, Cork City, Bohs, Derry had the leagues biggest wage bills last season, in that order. I touched on this briefly on another thread Dodge, but the PFAI are the ones who've put that information out there.

Exactly how did they calculate it though. Say, for example, a player has a fixed wage plus appearance fees, goal bonuses, win bonuses etc, the only way to calculate the real figure is to look back at the end of a season. If that's what they've done and that order is actually for the 2007 season then it makes sense.

bohs til i die

27/11/2008, 8:24 PM

look. Bohs have done nothing wrong this year. We have paid our players in full and on time each week.

On more then one occasion the club was late paying wages this year.

SkStu

27/11/2008, 8:55 PM

On more then one occasion the club was late paying wages this year.

first ive heard of it. :confused: i knew of one occasion which was said to be a problem with the dd but have heard of no other occasion.

brianw82

27/11/2008, 9:07 PM

first ive heard of it. :confused: i knew of one occasion which was said to be a problem with the dd but have heard of no other occasion.

I think that's what he's on about. There was some kind of blip, but it was all sorted promptly afaik.
Someone just trying to stir the excrement as usual here.

gufcfan

27/11/2008, 11:04 PM

600k playing budget cut? That's nearly twice what our whole budget is, and even bigger multiple of Bray's I would imagine...

TheBoss

27/11/2008, 11:25 PM

sonofstan

27/11/2008, 11:47 PM

http://www.hibernian-mad.co.uk/news/loadnews.asp?cid=TMNW&id=418808

Got link from - http://irischer-fussball.foren-city.de/topic,185,74fb2140847dd3378d0ace1971c3ebef,-transfergeruechte-wechsel-ectr.html#1885

If Murphy goes for �150k then irish football might as well shut up shop - he's worth 10 times that; thing is, he knows it, and won't settle for being a reserve keeper or being undervalued, i reckon. We need the money, but Murph could be the difference that gets us a round further in the CL which would be worth more than what Hibs are offering

srfc1928

28/11/2008, 12:06 AM

If Murphy goes for �150k then irish football might as well shut up shop - he's worth 10 times that; thing is, he knows it, and won't settle for being a reserve keeper or being undervalued, i reckon. We need the money, but Murph could be the difference that gets us a round further in the CL which would be worth more than what Hibs are offering
Exactly.
�150,000 for Murphy is laughable

pete

28/11/2008, 12:23 AM

Exactly.
�150,000 for Murphy is laughable

Non old firm SPL teams rarely pay good transfer fees.

Candystripe

28/11/2008, 3:14 AM

brianw82

28/11/2008, 5:14 AM

http://www.independent.ie/sport/soccer/murphy-clause-adds-to-bohs-woes-1556147.html

Bohs players asked to take 30% wage cut:

The players, meanwhile, were up in arms yesterday after they were asked to take a 30pc wage cut just days after they sealed an historic double by beating Derry (http://www.independent.ie/topics/Derry+%28County+Derry%29) in a dramatic FAI Ford Cup final.
It is understood captain Owen Heary (http://www.independent.ie/topics/Owen+Heary) met the rest of the squad on Wednesday night to discuss the wage cut but there was unhappiness amongst the players, not only over the request itself, but also regarding the fact that no board members were present to discuss the proposal.
PFAI General Secretary Stephen McGuinness said last night: "Any cut on players' wages has to be fully justified but players are meeting board members (last night) to find out the details and I will be meeting Gerry Conway (http://www.independent.ie/topics/Gerry+Conway) (today).
"Cuts have been taken by players in the league this season to help clubs from going out of existence but taking a cut to allow other players to be signed for the club involved is going to be a very hard sell for these players."

blackholesun

28/11/2008, 6:48 AM

http://www.independent.ie/sport/soccer/murphy-clause-adds-to-bohs-woes-1556147.html

Murphy can leave on a free within the next 2 weeks to a UK club! :eek:

Another piece of good business by the Bohs high command ;)

bhs

Dodge

28/11/2008, 7:40 AM

From the Bohs forum (http://www.thebohs.com/forum/viewtopic.php?t=9205)

Some of the text from the judgement

OneRedArmy

28/11/2008, 8:40 AM

Some people on here need to do a basic economics course.

The valuation of anything is affected not only by previous transaction values but also by the liquidity position of the seller.

In plain English, if you need the money quickly, you rarely get anywhere near what you would if you wait for the right offer to come along.

EL clubs are almost always in this situation, they need the cash to keep the clubs going therefore they rarely are in a strong bargaining position when dealing with British clubs who have a cash reserve.

From my reading Bohs need the money, everyone knows they need the money, therefore they have just created a firesale.

placid casual

28/11/2008, 10:52 AM

at this stage could I just add:
the very best of luck to bohemians in the leinster senior league.
Its been enjoyable, the aul rivalry but as a wise man once said "all good things must come to an end".

pete

28/11/2008, 12:17 PM

From the Bohs forum (http://www.thebohs.com/forum/viewtopic.php?t=9205)

Some of the text from the judgement

The judgement.

On balance, I am inclined to prefer the evidence of Mr. Conroy on this issue. Mr. Conroy was undoubtedly well disposed towards Bohemians at this time. Moreover, Bohemians� need at this point in time was greater than Albion�s need. Bohemians were very short of money. As against that, although Albion did need the continued support of Bohemians for their proposed redevelopment of the Phibsboro Shopping Centre, they were already holding a letter from Bohemians addressed to the Planning Authorities indicating that Bohemians were supporting the project. While in theory Bohemians could have withdrawn the letter they had no commercial grounds, or other good grounds, for doing so at the time.

Got to wonder why they are continuing with an appeal? Seems like Bohs in so much trouble they are trying to roll the dice on another attempt to win the case as not much to lose at this stage.

:rolleyes:

Clause in Murphys contract is bizarre.