Bohs court case is on today. Some posts on the bohs forum have suggested it has gone against them. Anyone here anything else?
Printable View
Bohs court case is on today. Some posts on the bohs forum have suggested it has gone against them. Anyone here anything else?
Yeah, looks like they lost
Without trying to sound stupid, what now?
They were sueing Albion Properties, so I assume now Liam Carroll sues to stop the Dalymount deal? And he possibly stops paying E1m a year?
I would assume he cancels the deal as Bohs cannot provide him with the land agreed. He would then look to Bohs to repay the millions he gave them already.Quote:
Originally Posted by pineapple stu
Maybe Carroll will be interested in negotiating a new deal but clearly at significantly lower numbers.
Is the redevelopment viable now? I presume the land behind the shopping centre provide access to the NCR? Is there no access on that side without the land?
"Bohs win first point. Albion win the second and most important. Albion get the land"
what does that mean, the first deal is back on?Quote:
Originally Posted by Dodge
But they absolutely, positively couldn't lose out of the property deal according to those on here? :D
In actual fact, much like Drogs ground problems, Bohs were never going to get to Harristown once the recession hit. Carroll has much bigger problems and will be doing well to have the shirt on his back in 12 or 18 months time (Sean Dunne applying for permission to demolish Carroll's half constructed HQ for Anglo Irish on the quays being his biggest problem, amongst others). This gives Carroll the get out he needs.
The best Bohs can hope for is to still own the rest of Dalymount whenever the dust settles.
This deal was for the Shopping centre end. Basically it menas it wasn't Bohs to sell to Carroll. They can still sell the rest but without that bit, and the all important access to the rest of it, its worth a whole let less. When you factor in the drop in land prices etc its far less enticing for developers.
Liam Carroll may counter sue Bohs now for the money he's already speant on land that they weren't entitled to sell. Given his recent problems, he might have no choice. I'm sure he's glad to be abel to walk from this deal anyway.
Then we add in the huge, long contracts that Bohs have for next year, and suddenly there's no way they'll be able to pay for them.
All in all, a very bad day for Bohs
yep very bad day for Bohs. Albion effectively own the shopping centre end of Dalymount now and Carroll will more than likely be pulling out of the deal and looking for his money back.
The legal costs will be significant too. Presumably costs were awarded against Bohs too?.
Bohs lost?
But Bohs are INVINCIBLE!
So right- let's assume Bohs do not get their €1m for this year. So they've busted the wage cap completely right. So what happens next...
Another bad day for the league.
Uh oh :eek:Quote:
Originally Posted by Mr A
I don't agree with this at all. Bad day for BohsQuote:
Originally Posted by micls
That'd be the least of their worries if they have to pay back the €1m for all the other years.Quote:
Originally Posted by Mr A
Oh dear. What a terrible shame.
:)
Are people telling me that Bohs were signing players with money they didn't have?
Is there people this stupid in charge of businesses and football clubs?
How many 'other years' exactly?Quote:
Originally Posted by Schumi
The wage cap might be the least of their worries.Quote:
Originally Posted by Mr A
They re-mortgaged Dalyer last year, with the intention (I assume) of repaying it directly from the final sale proceeds of Harristown. As of last year, they owed E900k. There's rumours that's up to E3m now; I wouldn't be surprised because, even with the E1m from Liam Carroll, they were still racking up losses and needed the bank loan to meet their expenditure.
If Liam Carroll wins his money back, that's another E2m-E3m they owe. So that's potentially E6m of debt purely between the bank and Liam Carroll, and before legal costs, the Seán Connor settlement and the 2009 contract Dodge has mentioned. They paid E100k in interest alone in 2007; that's increased this year if the bank loan is up.
They've basically mortgaged their ground for success. Shels Mark II.
I think they can close the thread on reaching the CL group stages next year.
No. Bohs had the money.Quote:
Originally Posted by finnpark
However they got it by selling something twice...
Looks like Bohs could be even more in the sh*t than we are?
Easy tiger....Quote:
Originally Posted by WindmillWarrior
I wouldn't say that.
Not a good day for Irish football.
A difficult month ahead for Bohs.
I think both those sentences are way out.
More negative coverage, another club who will be financial difficulty and its not bad for the league?Quote:
Originally Posted by Dodge
Another club driving the recent huge wage inflation can't do it any more. Only Pat's are really left. Bohs were never sustainable without the deal (which they screwed up), so it's good that other clubs don't have to chase them to achieve a modicum of success.
With 22 clubs spending sustainably, the league can move forward. Ultimately, we're one club nearer that now.
Don't see the correlation between Bohs losing a court case over land and negativity towards the leagueQuote:
Originally Posted by micls
i feel sorry for bohs.
no honestly I do.(who's laughing at the back there, stop sniggering i'm being seri....
nah sorry people just cant do it.
OH DEARY DEARY DEARY ME!!!!!
home.
roost.
chickens.
come.
to.
funny as fook.
Not this time. :DQuote:
Originally Posted by micls
Happened a year too late....if it happened last year it might have prevented Fenlon from buying himself another title.
Oh what a glorious day, the chickens are roosting nicely now in dalymount park but they would want to be careful Bohs might try and sell them.....Twice!!!!!!!
:D:D:D: (Damn the 3 smiley limit)
Quote:
Originally Posted by dcfcsteve
Unless youQuote:
Originally Posted by pineapple stu
1) view the ultimate situation whereby UCD are the only club left as being "a good day for Irish football"
OR
2) Have found some Holy Grail that says that Irish football has undergone a road to Damascus-type conversion and all clubs will be run on a solid footing going forward
then today, like the other recents days when Cork, Drogs etc. had their days of infamy can't be described as anything other than "not a good day".
PS Steve, I think "a difficult month ahead for Bohs" is possibly the biggest understatement of the season!
How are they going to pay back the €2-3m to Carroll? Increase the mortgage on Dalymount? Can't see the banks flocking to do that.
But it can't be - Pineapple Stu says so.....!?!Quote:
Originally Posted by OneRedArmy
Quote:
Originally Posted by dcfcsteve
Both scentences way out.....? :eek:Quote:
Originally Posted by pineapple stu
1) It's not a bad thing if you take the narrow, short-termist, naive view that I suspect you are here.
Is it good that clubs who mortgage their future get a come-uppance ? Yes. Will it change anything in football ? No.
Meanwhile, it looks now that Dalymount will at best be severly compromised as a ground, and that the Republic's longest-running senior club, and the one in longest continuous existence, are in severe financial jeopardy.
If you can't see how all that is bad for Irish football, then I suspect it's you who's 'way out'.
2) It's way out to say that Bohs have a difficult month ahead ?!?! :o I'm not even going to answer that one, as it's so patently daft I don't need to....
To be fair to stu, I think he meant you were understating it massively!.
The fact that they bought the league with money they never had, and screwing every other club in the process was much worse for Irish football, than the state they're in now.Quote:
Originally Posted by dcfcsteve
Only yesterday, they were crowing about how many records they were setting, gloating over their record over us this season, without acknowledging that it was all fake.
Welcome to the recession, gypos. It will last a while. :D