Bohs Players to accept 15% pay cut

: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.

Quote:

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Originally Posted by charliesboots

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?

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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.

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

Quote:

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Originally Posted by 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

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