Bohs Players to accept 15% pay cut

[TheBoss]

Just heard it on 98fm a few minutes ago. Apparently, the FAI rejected their license for the new season due to their budget being to high so they had to reduce it.

[gufct]

Just heard it on 98fm a few minutes ago. Apparently, the FAI rejected their license for the new season due to their budget being to high so they had to reduce it.

The club were looking for at least a 30% cut so what happens now. Nutsy to walk before the end of the week is short odds.

[passerrby]

licencsing decisions will not be made until mid feb so I would assume that they were told to cut there budget as they may not receive a licence if they exceed the 65% scp

[pineapple stu]

Apparently, the FAI rejected their license for the new season due to their budget being to high so they had to reduce it.
Are the FAI finally growing a pair?:eek:

[Dodge]

licencsing decisions will not be made until mid feb so I would assume that they were told to cut there budget as they may not receive a licence if they exceed the 65% scp

No, numerous clubs were told dthat their budget would not be accepted. It wa done in plenty of time for clubs to get their house in order before licenses are giving out.

[HarpoJoyce]

Are the FAI finally growing a pair?:eek:

Well they smacked you down in the past. So you rolled over pretty easily if they didn't have one before.
Also your question is gender-specific and Irish Football is a little bit bigger than the 'machoism' shown by your post.

[pineapple stu]

Any time you want to start making sense, feel free.

[passerrby]

but licensing decisions will not be made until mid feb so this was not a licensing decision but a finanacial assessment and if thats correct then it must have been on the grounds they would exceed there own projections or breach the protocol

[Dodge]

but licensing decisions will not be made until mid feb so this was not a licensing decision but a finanacial assessment and if thats correct then it must have been on the grounds they would exceed there own projections or breach the protocol

Yeah, sorry I misread your original post. My understanding wasthat it was a preliminery assesment of the budget submitted to FAI under licensing (if that makes sense). Basically the FAI don't want the embaressment of clubs failing on financial grounds and are telling clubs to sort themselves out before hand.

[A face]

Just heard it on 98fm a few minutes ago. Apparently, the FAI rejected their license for the new season due to their budget being to high so they had to reduce it.

Just reading the title ... "Bohs Players to accept 15% pay cut"

Is that them accepting 15% and foregoing the other 85% or is it the other way round? Things are really bad if they can realise they need to drop more. Bohs wont be around for long i'd say.

Will they drop out mid season like Dublin City? and what is gonna happen with the points won against them if they do bomb out half way through?

[Mr A]

So it seems Bohs could not sign anyone new until the existing 12 took a cut.... assuming each to cost around 1500 a week and the FAI to be ok with that level of spending the 15% frees up €2700 a week. All pretty speculative, but it does seem that Bohs will seriously struggle to maintain anything resembling last years strength.

[Longfordian]

It was apparently in one of the papers that Fenlon wanted to sign four or five new players on about €1000 a week including Shelley, Stuey Byrne, Paul Keegan. Doesn't look like there'll be that much available. A Face, they'll be on 85% of their previous wage, they're hardly going to accept playing for 15% of their previous wage by choice are they?.

[superfrank]

Will they drop out mid season like Dublin City? and what is gonna happen with the points won against them if they do bomb out half way through?
FAI set the precedent in 2006 with Dublin City. The results would be crossed out.

[Dodge]

Bohs won't "bomb out"

Even if they struggle they'll still be OK. UNless, of course,the 2 Gerrys are still in charge. In which case anything is possible

[pineapple stu]

Bohs won't "bomb out"

Even if they struggle they'll still be OK.
I'd agree. They'll do a Shels maybe. Major difference though is that Shels didn't have a bank lending them the money; the interest charge is massive and the bank are presumably getting edgy. If they don't sell Dalyer (which it seems they can't), they could well go under at some stage.

[passerrby]

to slightly digress we are all looking at clubs in relation to this years licence applications but i wonder how many clubs failed there obligations on last years and will there be any punishments handed .

[BohDiddley]

Bohs wont be around for long i'd say.

Will they drop out mid season like Dublin City?

Would you get a grip.

[garyderry]

Would you get a grip.

Was thinking the same, hardly likely

[gufc2000]

Is Fenlon going to walk?

[brianw82]

Yes or no question:

Can Fenlon now sign new players given the acceptance of the pay cut?

[gufct]

Bohs have denied that there is any agreement and as they were looking for 30% to get their wage bill under the 65% cap i tend to believe this.

[A face]

Would you get a grip.


Was thinking the same, hardly likely
. .

:p

[Réiteoir]

Is Fenlon going to walk?

He was on radio last night stating he wouldn't be leaving.

As for new signings - I'd say no - but do they really need to sign any other "big names" with the nucleus of the squad from last season still there...

Now seems to be a chance for a few of the kids to make the step up

[Jersey Cow]

Its in the Sun that either Brian Murphy or Killian Breenan are to be sold to make up 200,000 euro for wages for Stuart Byrne, Paul Keegan, Joe Ndo and Brian Shelley...................madness!!

[CMcC]

Its in the Sun that either Brian Murphy or Killian Breenan are to be sold to make up 200,000 euro for wages for Stuart Byrne, Paul Keegan, Joe Ndo and Brian Shelley...................madness!!

Why madness? Release 1 player to pay for 4 new ones. Especially when they only have 12 on the books right now.

Only problem is now that they haven't a hope in hell in selling either of those in the window and if they do, now that how desperate Bohs are for cash is in the public domain they will be lucky to get a genuine market value for them.

Pity they couldnt hawk Jason Byrne and his fat wage cheque around the place and hope someone would take him for free.

[Jersey Cow]

When I said "madness" I was referring to the madness getting in this state in the first place.....

[gufct]

Looks like Bohs are ****ed despite the non believers on here http://www.setanta.com//uk/Articles/Football/2009/1/22/LOI-Bohs-could-face-transfer-embargo/gnid-36530/

[A face]

"Pat might never be able to sign players (http://foot.ie/showthread.php?t=110380)," said Gerry Conway, who is Bohemians general secretary.

They do have problems no matter what anyone says

[pineapple stu]

There's problems, and there's dropping out mid-season problems.

[garyderry]

Looks like Bohs are ****ed despite the non believers on here http://www.setanta.com//uk/Articles/Football/2009/1/22/LOI-Bohs-could-face-transfer-embargo/gnid-36530/

Its pretty obvious they cant hold together the team that one the league and will be very much weaker than last season.

However no matter what mess the board have made, and how much property has devalued, they are still sitting on a huge asset in Dalymount. In the short to medium term then can continue to borrow against it, long term they will definitely go the way of $hel$ unless the stop there crazy spending. But its hardly likely to happen soon.

[A face]

There's problems, and there's dropping out mid-season problems.

"With Gerry and Gerry there, it will never happen" !! :eek:

[pineapple stu]

In the short to medium term then can continue to borrow against it
Banks ain't lending at the moment.

[Dalymountrower]

Having secured a sizeable approved overdraft facility before the credit crunch , raising the cash isn`t the problem .Staying within the 65% cap while managing a re-payment schedule is the difficulty.

Even if property values in Dublin reduce by 50%, Bohs are still sitting on a valuable piece of land, notwithstanding Albions diputed equitable interest. If on the other hand the sale had gone through as planned at the time and the proceeds were ....say... invested in blue chip financial stocks like our two main banks, 50 million Euro would be worth 500,00 Euro at this stage and Bohs would be f....ed. Its an ill wind etc:o

[pineapple stu]

Don't think Albion's interest is disputed at all? Isn't that what the court case decided?

[Dalymountrower]

I would presume that an appeal to the Supreme Court indicates otherwise.

[pineapple stu]

Fair enough. I was taking it that, given how damning the initial verdict was, the appeal was mere "nothing to lose" desperation on Bohs' part, having suddenly seen the abyss they were staring into.

[charliesboots]

Having secured a sizeable approved overdraft facility before the credit crunch , raising the cash isn`t the problem .Staying within the 65% cap while managing a re-payment schedule is the difficulty

Presume its the Zurich overdraft you are referring to.

Correct me if I'm wrong but I thought the drawing down of the remainder of the overdraft was in doubt after the High Court judgment.

If Bohs cannot submit an acceptable budget to the licensing committee then surely they'll just have to release players, no?

[Mr A]

And something (http://www.irishtimes.com/newspaper/ireland/2009/0121/1232474671101.html?via=mr) tells me Liam Carroll may not be as keen to buy as he was previously.

[pineapple stu]

If Bohs cannot submit an acceptable budget to the licensing committee then surely they'll just have to release players, no?
You can't just "release" players though, can you? Would you not have to pay up their contracts?

[garyderry]

Banks ain't lending at the moment.

Bull****, they ARE lending, they are just being more careful who and what they lend.

No one is saying its all rosey at Bohs, but some of the redilculous crap from the usual sources (UCD fans), that its as bad as Dublin City or $hel$ is just as crazy.

[pineapple stu]

:rolleyes:

If you bother to read the thread, you'll see a Cork fan likened them to Dublin City, whereas I explicitly disagreed.

LOL if you think banks will touch Bohs. Sure they'll struggle to service their existing overdraft as it is.

I'd say it's quite possibly as bad as, if not worse than, Shels due to the interest charges, the existing contracts, the recession and the lost court case.

[Dalymountrower]

Presume its the Zurich overdraft you are referring to.

Correct me if I'm wrong but I thought the drawing down of the remainder of the overdraft was in doubt after the High Court judgment.

If Bohs cannot submit an acceptable budget to the licensing committee then surely they'll just have to release players, no?


As I posted earlier , raising cash through loans/overdrafts isn`t the problem. Meeting the FAI budgetary criteria (which is a good thing). is a problem for us and for other clubs . If they reject a revised budget for any club then players will have to be let go as free agents by way of severance or a legitimate redundancy programme as the employer will have decided to carry on the business with fewer or no full-time staff. This is the reality facing a lot of clubs , some players and most employers in the wider economy.

[passerrby]

while i agree it is neither another shels or dublin city it does have the potential to be a lot worse than both if the gods conspire

[SkStu]

while i agree it is neither another shels or dublin city it does have the potential to be a lot worse than both if the gods conspire

ah come on - lol - thats awful wishy washy... force majeure?