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Without that access its worth a hell of a lot less. Actually since they wouldn't have that a lot of people wouldn't be interested. I think bohs will have to come to some pre arranagement with who ever owns its which could cost them a fortune.Quote:
Originally Posted by Longfordian
Thats what they tried to do, and Albion stood their ground.Quote:
Originally Posted by jinxy lilywhite
They wouldn't be able to find Tallaght, yet alone play there. :DQuote:
Originally Posted by RonnieB
It's somewhere south of Cabra. :D
A lot on here seem to know the intimate details of Bohs' finances so I'd like to hear from one or more of you exactly what the actual judgement was that was handed down today?
- How is that interpereted?
- Did Albion actually pay a penny for the land behind the tramway end - if so how much. If not how much is due to Bohs?
- Have Costs been awared either way today?
- How many million euro drops Carroll has actually given Bohs to date (if any)?
- What this in reality means to the original deal?
- The valuation impact with regard to the slow down but also considering that the recent council planning zoned Phibsboro as ok for high rise development (something that wasnt in effect at the time of the original deal),
- And why is access an issue (as per a previous poster) considering that there would be ample access from the other end of the ground.
- And why are some of you saying they bought the league considering they aparently didnt have anywhere near the top budget in the Premier Division - someone elsewhere said 4th or 5th.
Curious to see what this actually means to Bohs and the league in general
Anyone?
ok i was trying to make a point with a short post, so seen as you need to have specifics and exacts on this site....Quote:
Originally Posted by McShels
2006 champions... shels... spent/borrowed money they didn't have, ran up debts to all and sundry... got relegated by the league... lost all their players
2007 champions... drogs...spent money they didn't have, ran up debts to all and sundry... entered examinership... probably lose all their players
2008 champions... bohs...spent money they didn't have, could potentially be facing debts of €6m, could lose their ground... probably lose all their players
now that we have a more indepth run down is it any less embarrassing??
Its 130 pages long. My friend was in court and picked out some titbits for me.Quote:
Originally Posted by CMcC
Bohs were very unhappy with the decisionQuote:
- How is that interpereted?
Albion have paid over €1 million to Bohs so farQuote:
- Did Albion actually pay a penny for the land behind the tramway end - if so how much. If not how much is due to Bohs?
No. Deferred to later date.Quote:
- Have Costs been awared either way today?
The original deal is dead, as the details have been altered. Bohs can't sell the same thing twice.Quote:
- How many million euro drops Carroll has actually given Bohs to date (if any)?
- What this in reality means to the original deal?
There is not ample access from the other end of the groundQuote:
- And why is access an issue (as per a previous poster) considering that there would be ample access from the other end of the ground.
Bohs had easily one of the top budgets in the league. No one knows the figures of all clubs but common sense would tell you that only Cork, Drogheda or Pats could claim the top spot form Bohs.Quote:
- And why are some of you saying they bought the league considering they aparently didnt have anywhere near the top budget in the Premier Division - someone elsewhere said 4th or 5th.
Quote:
Originally Posted by CMcC
the area could be zoned for building up to the moon but the land in reality is, in the current environment worth €0 on the open market. harsh but true.
perhaps it could have a paper value of somewhere between €10 - €15 million but the reality is that there are no purchasers/developers/speculators out there at the moment and even if they were there is no bank that would fund them.
even if a bank did fund them they would not fund the construction costs and hypothetically lets say there was a bank that funded both of these (land purchase and development) any potential purchasers would not get the funding they needed to buy the apartments or open up their businesses - therefore the developer (if there was one) would not take the chance.
in short as a development venture the site has no real value, in real terms, in todays market.
the lands only value is in it's current use.
Look Dfx where would the craic be without them . I cant think of any rhyme for
in Harristown/abbotstown farm! Maybe they could sell to Mick Wallace as well
and
ground share with Wexford .Would enjoy the odd weekend in Courtown
is there any way bohs can buy albion out of their deal and keep to the terms agreed with carroll.
of course that assumes bohs being able to raise the millions required to do this
Bohs tried, and Albion rejected.Quote:
Originally Posted by ofjames
it's not uncommon for people who hold access like what albion do getting pretty close to what the whole site is actually worth. Access is worth a lot of money.
USED to be worth money.Quote:
Originally Posted by jinxy lilywhite
Nothing is worth any money anymore (comparatively ;) )
Disagree - if you're talking of a figure that low compared to the original €65 estimate, then there are plenty of people out there who'd pay that for the site. Even to sit on for 10 years, there are a lot of people who'd view it as a more stable investment than most in the current climate.Quote:
Originally Posted by galwayhoop
Who?Quote:
Originally Posted by bigmac
Where are these people going to get the money?
None of the current Irish developers paid more than a nominal amount of each development with their own money.
iirc - it's somewhere in North WicklowQuote:
Originally Posted by mypost
I didnt ask for specifics, I was just correcting what you stated that Shels went to the wall which was crap!!!!Quote:
Originally Posted by galwayhoop
I know what happened to Shels and we got what was coming to us,simple as.
My problem with it and always will be is the absolute delight some "fans" from a lot of clubs "danced on our grave". But we are now (hopefully) going to return to the premier league and begin to build our way back to the top of the LOI tree
lads, take a look at the following link
http://www.dublincity.ie/SiteCollect...Pg%2082-85.pdf
it is taken from the council's Local Area Plan for Phibsborough and displays images of the development they envisage (and which they presumably only will grant permission for) in phibsborough village.
as you will see, the plan they have is to knock the shopping centre and create a public plaza that stretches from the main road right through what is now dalymount turf all the way through to the school end.
surely if this is the development that will take place on these sites in the future, it renders the issue of access to the land bohs own far less relevant to the value of their plot?????
Hello there! I laughed when you went tits up. Still do.Quote:
Originally Posted by McShels
Worst comeback ever. particularly with todays newsQuote:
Originally Posted by Réiteoir
What a truly revolting spectacle.
An eL club loses a critical case against a property developer and the verdict is greeted with unbridled joy and the usual half-baked, ill-informed gloating from the boards' rabble of self-appointed football finance gurus. Ugly.
If anyone thinks this is good for the league, then you are as misguided as the people who put Bohemian FC in this position.
Could they not access the site through the car park from the area where Bohs used to sell tickets?Quote:
Originally Posted by Dodge
Ah boo ****ing hoo. A majority of Bohs fans did cartwheels at the various meltdowns faced by Rovers and Shels, so you're in no position to moan about people laughing at your current troubles.Quote:
Originally Posted by BohDiddley
PS... thread like this were bound to be brought back up
We really appreciate the good wishes and the hearfelt concerns;)
Theres so much money at stake for both Bohs and Albion that unless it was an unequivocal slam dunk victory for either side , it was always going to be appealed to the Supreme Court. Given the equivocations, anomalies and inconsistencies littering the judgement, its odds on that Bohs will risk the 150 k it will take to appeal it to the Supreme Court. I might open a book on it and head down to Richmond Park for expert advice on laying odds.
Could be worse, we could have got the 65 mill two years ago and invested it in the high interest Icelandic banking sector, or in Anglo Irish Bank shares!
Anyone who laughed at Shams' meltdown (I don't remember doing so) was treated like they'd raped someone's granny on here.
tbh - I know were pretty much shafted and up the Tolka creek without so much as a damp copy of the Golden Pages with which to paddle with - allow me that one at least.Quote:
Originally Posted by Dodge
Although I have to say - I agree with BohDiddley here just now - there are a well informed minority who are seeing this for what it could be - sadly that minority are vastly outnumbered by the gorillas on here - who when they aren't dragging their knuckles on the floor are using them to bash their keyboards and come out with ****e.
Enjoy the Glasnevin Social lads - it's the third grave on the left as you head through the main gates...
Nice case of selective amnesia.Quote:
Originally Posted by BohDiddley
Your fans spent weeks at the time of the deal lording it about how they would dominate for generations on the back of this deal and ignored everyone who warned them that Bohs were dealing with people who were a lot brighter than them.
Lesson: if you behave like arrogant *****s you'll find a lot of people waiting to throw it right back at you.
Edit: Just to be clear, I don't subscribe to the view that this is good for the League, in the same way had the deal gone through it also wouldn't have been good for the League.
whose responsible for this?
Care to explain the anomalies and inconsistencies littering the judgment?Quote:
Originally Posted by Dalymountrower
It was one of the most thorough judgments I have ever heard and it was obvious that a great deal of consideration was given and a great deal of effort put into writing it up.
John Edwards, while only a short while on the bench, was one of the very top and most highly respected lawyers in the country for years.
A club sells something twice and budgets for a large wedge of money they don't have on that.
What's not good for the league in that being called up. That sort of business sense being weeded out should be celebrated :confused:
What it is is bad publicity for the league (as is the Pats betting thing).
The outcome of it is specifically bad for Bohs and not the league.
Whatever the outcome of this is Bohs have a huge asset in Dalymount that will ensure their solvency so they won't go bellyup even though they may be sanctioned.
Finally a bit of sense on here. Comments from some people are laughable i.e. people claiming Dalymount has little or no value in the present economic climate. :rolleyes:Quote:
Originally Posted by charliesboots
I'm not sure I see any benefit for the league in this.
Its bad for Bohemians, also it may have a knock on effect for any clubs who were looking at selling players to Bohs in the winter to help their own money woes.
It doesnt help attendences at other grounds.
It doesnt improve facilities at other grounds.
It doesnt improve the standard of officialdom in the league.
It doesnt help attract advertising to the league.
I could give two fooks about Bohs to be honest, especially the schooligans that seem to follow them wherever they play, but can someone explain to me why this is "good for the league", petty rivalry aside.
Because your points, valid though they are, are concerned only with short term thinking. For the league to be taken seriously - and that includes by potential sponsors, the media, players thinking of signing for an eL team and the general public - this kind of nonsense has to stop. (I appreciate it's a losing battle in many quarters in any event).
Agreed,Pats betting against themselves is a whole lot worse for the league:mad:Quote:
Originally Posted by charliesboots
By ensuring that Bohs don't have €40 million to develop facilities and structures that would see them dominate irish football for years. not to wention pay massive wages to playersQuote:
Originally Posted by centre mid
When did this happen? Rumours last I heard...Quote:
Originally Posted by Founders
are you about 6 or what. the €65m was a vastly over inflated figure agreed at a time when people thought the good times would just keep rolling on and thought the value of land was whatever it took to out bid the other fella!!!Quote:
Originally Posted by bigmac
Shops and businesses throughout the country are feeling the pinch, every 10 minutes a person losses their job in the country and no bank or financial institution is prepared to lend any money worth talking about, yet you think "there are plenty of people out there who'd pay" €10 to 15 million "to sit on for 10 years". get a life man. (i haven't even mentioned that the site now has massively restricted access following todays ruling!!!)
just because someone was prepared to pay €65m for something 2 or 3 years ago does not necessarily make it good value at €10/€15m today ... ask anyone who bought BoI shares at €18.65 and is looking at their share value today!!! by your logic regardless of their market value people should be snapping them up at anything up to €4.30 - ask Sean Quinn how gambles like that are going these days....
The fact of the matter is the type of people who were prepared to pay massive sums of money for land and "sit on it" untill they saw a return are the very people who the banks could send to the wall if they asked for their money right now, the banks won't do it though as they know the property bubble has burst and they will be left with vast chunks of worthless land for years to come.
Plenty of people indeed...:rolleyes:
€30k is not a "massive" sum of money in Irish football. Your acknowledgement that it is only 5% - not a "massive" percentage - of the budget for the club in the premier league with the smallest revenues shows that it isn't a "massive" sum.Quote:
Originally Posted by pineapple stu
Sales of 180 of City's 'Dream Draw' tickets would cover the €30k you keep harping on about. And we've got individual sellers who've sold more than that many draw tickets single-handedly.
The fact that you think €30k it is such a "massive" sum in Irish football says more about UCD than it does about the game here. :eek:
If that did happen, not that it would have lets be honest, the money would dry up in 2-3 years, there is no way that they could have recouped anything like what they would be spending, €200k for winning the league and neglible tv money.
Some of your fellow bohs supporters have been on here gloating (not yourself it must be said)about how much better ye are compared to all the other teams in the league.Quote:
Originally Posted by BohDiddley
Ye used this prospective money to raid many clubs players with contracts that the clubs could not match. For example in the case of sligo rovers ye were happy to seduct burns singh mansaram turner connor murphy with the lucrative contracts on offer.
And then you find it strange when other clubs supporters dont share in your grief.
:confused: