Bohs deny financial crisis

Bohs deny financial crisis
13/10/2005 - 12:13:03

Bohemians have denied rumours that they have had their bank account frozen due to a finanical crisis at the club.

The club is currently heavily in debt and recently lost striker Dominic Foley who had his contract cancelled because a large bonus payment had not been paid.

However, club secretary Gerry Cuffe has claimed that rumours that their bank account had been frozen are completely untrue. “We are at a delicate stage of negotiations with the Revenue, but our accounts have certainly been frozen,” stressed Cuffe.

Romour they owe revenue 500k. How the hell could they create such a debt?

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Originally Posted by pete

Romour they owe revenue 500k. How the hell could they create such a debt?

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And €2million in total debt? And the stand at the shopping centre isn't being built, so that end will be just a wall.

I assume they've been let build up the debt because Dalyer is worth so much, and did so the same as every other club - through poor financial management.

Didn't the Finance Committee and/or Finance Director resign a couple of years ago? Guess we know why now....

However, I'm sure it's all Stephen Kenny's/ Shoddy's fault... ;)

Well well well what the dogs on the street have known for a while is finally in the public arena.

While nobody likes to see another EL club with massive debts it could not happen to a nicer bunch considering their attitude towards us:D :D :D

Massive debts, players not getting paid?? Who is running the "big club"? Our old board:D

Unfortunately they could lose thier only asset here, their ground:o

KOH

What is being done to sort it out though ..... in fairness to Pats, they cut their cloth and made all players go part-time and curbed the spending ... if thats what needs to be done then someone has to make the call.

The sooner that eL clubs start operating on a sound financial footing the better ... there are lessons being learnt needlessly.

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Originally Posted by A face

What is being done to sort it out though ..... in fairness to Pats, they cut their cloth and made all players go part-time and curbed the spending ... if thats what needs to be done then someone has to make the call.

The sooner that eL clubs start operating on a sound financial footing the better ... there are lessons being learnt needlessly.

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pats did not go part time - they always had a mix of part time and full time players depending on the players circumstances. Clubs will always overextend themselves in pursuit of success - its the nature of football which isnt a real business especially in Ireland.

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Originally Posted by joeSoap

Bohs deny financial crisis
13/10/2005 - 12:13:03

Bohemians have denied rumours that they have had their bank account frozen due to a finanical crisis at the club.

The club is currently heavily in debt and recently lost striker Dominic Foley who had his contract cancelled because a large bonus payment had not been paid.

However, club secretary Gerry Cuffe has claimed that rumours that their bank account had been frozen are completely untrue. “We are at a delicate stage of negotiations with the Revenue, but our accounts have certainly been frozen,” stressed Cuffe.

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:eek: Did he mean to say that :confused:

:D

Is there any update on this!

Sure it's no wonder they had a big clear-out of their most expensive players in the winter.

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Originally Posted by The Wanderer

Is there any update on this!

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The silence speaks volumes. :D

KOH

Probably going to have another Rovers if nothing is done soon. At least you have a stadium