Paddyfield
15/07/2007, 9:46 PM
Extracted from Sunday Business Post
http://www.thepost.ie/post/pages/p/story.aspx-qqqt=IRELAND-qqqm=news-qqqid=25178-qqqx=1.asp
Bohemians embroiled in row over club site
By Ian Kehoe
Bohemians FC have kicked off a legal action against a prominent property developer over a stretch of land at the end of the club’s ground in Phibsboro, Dublin.
The Eircom League side is suing Albion Properties, the Dublin development company owned by businessman Pascal Conroy.
The matter is due to be mentioned in the High Court tomorrow morning.
Albion Properties owns the Phibsboro shopping centre, which is adjacent to Dalymount Park, home to Bohemians.
The case relates to a deal a number of years ago, when the club sold a tract of land at the back of its stadium to Conroy.
Conroy acquired the land for the proposed €80 million redevelopment of the shopping centre. Although the development has yet to materialise, a dispute has broken out over ownership rights to a portion of the land.
Although the land in question is relatively small, the matter has an added significance, given that multimillionaire property developer Liam Carroll recently completed a deal with the club to buy the ground.
Carroll wants to redevelop the city centre site, but requires the contested stretch of land as a point of entry to it.
The matter has been taken to the High Court to determine ownership.
In return for the ground, Carroll is giving the club €40 million in cash, plus a €25 million 10,000-seater stadium on a 6.5-acre site close to Ballymun in north Dublin.
http://www.thepost.ie/post/pages/p/story.aspx-qqqt=IRELAND-qqqm=news-qqqid=25178-qqqx=1.asp
Bohemians embroiled in row over club site
By Ian Kehoe
Bohemians FC have kicked off a legal action against a prominent property developer over a stretch of land at the end of the club’s ground in Phibsboro, Dublin.
The Eircom League side is suing Albion Properties, the Dublin development company owned by businessman Pascal Conroy.
The matter is due to be mentioned in the High Court tomorrow morning.
Albion Properties owns the Phibsboro shopping centre, which is adjacent to Dalymount Park, home to Bohemians.
The case relates to a deal a number of years ago, when the club sold a tract of land at the back of its stadium to Conroy.
Conroy acquired the land for the proposed €80 million redevelopment of the shopping centre. Although the development has yet to materialise, a dispute has broken out over ownership rights to a portion of the land.
Although the land in question is relatively small, the matter has an added significance, given that multimillionaire property developer Liam Carroll recently completed a deal with the club to buy the ground.
Carroll wants to redevelop the city centre site, but requires the contested stretch of land as a point of entry to it.
The matter has been taken to the High Court to determine ownership.
In return for the ground, Carroll is giving the club €40 million in cash, plus a €25 million 10,000-seater stadium on a 6.5-acre site close to Ballymun in north Dublin.