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

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12/08/2010, 10:09 PM
HulaHoop

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

http://www.rte.ie/sport/soccer/2010/0812/bohemians.html

Quote:

Bohemians held a meeting of club members on Thursday night to outline proposals that will see the 2009 Premier Division champions cut their expenditure in the short and long-term.

A second-round qualifying exit from the Champions League has brought financial uncertainty to Dalymount Park.

Bohs directors have appealed to members for support after informing them of measures already taken to reduce costs.

A Bohemians statement read: 'Members were told that lower-than-expected commercial and gate income along with expenditure above target meant that the club faced continuing cashflow difficulties.

'The club has informed employees and the FAI of its current position.

'Proposals to consolidate the club's position in preparation for next season and for the longer-term move to a new stadium will be drafted in the coming weeks.'

The Gypsies could revert to a part-time operation next season and the possibility of wage cuts and players departing before the end of the 2010 campaign still remains.

They didn't budget for european success remember :dazed:

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.
12/08/2010, 10:10 PM
PartySaint

So come on Rovers fans, what was said in the meeting??
12/08/2010, 10:15 PM
The Lep

Its not a suprise that the thread was started by a Rovers head :)
12/08/2010, 10:25 PM
Doomofman

Things don't seem too bad for Bohs judging by this... Yeah they'll have to go part time and let some players go but it's by no means a Derry/Cork/Shels situation
12/08/2010, 10:27 PM
peadar1987

Quote:

Originally Posted by The Lep

Its not a suprise that the thread was started by a Rovers head :)

To be fair, whenever there's a divot on the pitch in Tallaght, there'll be someone from either Phibsboro or Sligo mocking Shams and their rented home!
12/08/2010, 10:29 PM
Mario

Quote:

Originally Posted by Doomofman

Things don't seem too bad for Bohs judging by this... Yeah they'll have to go part time and let some players go but it's by no means a Derry/Cork/Shels situation

Would missing the SCP not mean relegation or failing to a premier license for next year?
12/08/2010, 10:31 PM
de bowez

Cash flow problems and SCP are 2 entirely different things.
12/08/2010, 10:32 PM
Doomofman

The way I see it... There's been rumours since the SCP was brought in that Bohs didn't meet it and the worst that happened was a transfer embargo that was lifted in time for them to sign players... I can't imagine the FAI will do anything more this time... Don't forget the FAI APPROVED Bohs budget for this season
12/08/2010, 10:34 PM
Mario

Quote:

Originally Posted by de bowez

Cash flow problems and SCP are 2 entirely different things.

Whatever is spent on wages ... 35/65 times that has to be spent elsewhere, so if there are problems finding money for wages, then hard to see how the corresponding money to be spent elsewhere will be found too!
12/08/2010, 10:34 PM
Mr A

Quote:

Originally Posted by de bowez

Cash flow problems and SCP are 2 entirely different things.

True, but based on this:

Quote:

A Bohemians statement read: 'Members were told that lower-than-expected commercial and gate income along with expenditure above target meant that the club faced continuing cashflow difficulties.

Income being below projections for sure and expenditure being up possibly (could be money spent on other than wages) are obviously going to have an impact on the SCP. Whether it pushes you over the limit or not is another matter but you're certainly going to be worse off than projected.
12/08/2010, 10:37 PM
Mario

Quote:

Originally Posted by Doomofman

Don't forget the FAI APPROVED Bohs budget for this season

Their projections were approved, from then its up to all clubs to meet the SCP over the course of the season, having your projected budget approved doesnt give any club carte blanche to run amok financially after that ...
12/08/2010, 10:38 PM
PartySaint

Quote:

Originally Posted by Doomofman

Don't forget the FAI APPROVED Bohs budget for this season

Thats the worst thing about this whole thing, Bohs ar totally messed up because of the TNS game yet the FAI saw their budget before the season started so how did they let them gamble on one tie??
12/08/2010, 10:41 PM
Mario

Quote:

Originally Posted by PartySaint

Thats the worst thing about this whole thing, Bohs ar totally messed up because of the TNS game yet the FAI saw their budget before the season started so how did they let them gamble on one tie??

Bohs probably projected / guessed higher average gates at the start of the season!
12/08/2010, 10:45 PM
PartySaint

How much higher?? 4,000 at every game
12/08/2010, 11:01 PM
de bowez

Quote:

Originally Posted by Mario

Whatever is spent on wages ... 35/65 times that has to be spent elsewhere, so if there are problems finding money for wages, then hard to see how the corresponding money to be spent elsewhere will be found too!

Different argument, we could be an amateur club and still have cash flow problems, it would have no bearing on the SCP.
12/08/2010, 11:08 PM
hoops1

This news both saddens and shocks me.
12/08/2010, 11:29 PM
Dodge

Surely I can't be first to call Rovers fans bitter, obsessed or jealous? maybe the whole site (sic) is out to get Bohs?
12/08/2010, 11:41 PM
Ciaran W

Every single thread seem to turn into a fight between rovers bohs and Sligo fans :D
12/08/2010, 11:41 PM
hoops1

But Bohs are Invincible it cant be true
12/08/2010, 11:54 PM
Rasputin

Quote:

Originally Posted by Dodge

Surely I can't be first to call Rovers fans bitter, obsessed or jealous? maybe the whole site (sic) is out to get Bohs?

Well played dodge.

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