Given the chairman made a lengthy statement to that effect... I would agree SvD. But Stu being Stu would love to tag everyone of us with his "deluded" label :rolleyes:Quote:
Originally Posted by SwanVsDalton
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Given the chairman made a lengthy statement to that effect... I would agree SvD. But Stu being Stu would love to tag everyone of us with his "deluded" label :rolleyes:Quote:
Originally Posted by SwanVsDalton
You's are fully paid now including the sell-on money we got.Quote:
Originally Posted by pineapple stu
How could it be six months late? We only sold Sammon on monday the 28th of July!
I thought you were good at maths :rolleyes:
P.S. Most Derry fans know our budget will be smaller next season as we were told about months ago. Living within our means is what we intend to keep doing and if it means we don't win the league thats fair enough.
Surely that should read League Cup in the last sentence there? ;)Quote:
Originally Posted by Candystripe
he hee he
I'll take the League Cup any day over the futsal or whatever other pub League you'll be playing in next year.Quote:
Originally Posted by Réiteoir
We sold him to you last December; the second instalment of that was only paid this week, way after the agreed schedule.Quote:
Originally Posted by Candystripe
I'm fully aware Derry are nowhere near being the next Bohs, but things are far from rosy up there and, as I said, but for the sale of McCourt, it would have been a lot worse.
Not my label.Quote:
Originally Posted by dancinpants
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Originally Posted by charliesboots
If you read the entire judgement you will find that the equitable principles that he cited to hold in favour of Albion`s counter-claim are completely without precedent. None of the commercial lawyers I spoke to could name a similar case It looks to me that he also erred in reaching findings that were not specifically argued before him. Edwards acted as if he was still a lawyer advising clients .The reality now is that Bohs and Albion are still in the same position in that ageement is required from both sides to realise the others ambitions. The clock is ticking on Albions planning permission and Albion`s equitable interest in the Tramway end puts a hold on the Carroll deal. If Albion look for Specific Performance of their interest they will have to join the very long queue of such cases pending in the commercial courts. I would be surprised if there wasn`t a three way settlement with Albion ,Carroll and Bohs before this appears in the courts again. Carroll can of course pursue Bohs on simple contract debt grounds if he wants out of the picture or he can use the strong position he is now in to aquire the entire site plus shopping centre. Either way Bohs retain a substantial propety asset and maximum exposure amounts to a mortgage equating to 10% of the value of the assett. Any commercial company would be delighted with that level of gearing.
So.... sorry to disappoint the Rovers posters on this thread but we are, and will continue to be, considerably richer than you:cool:
How? it doesn't appear to be up on the Courts' Service site yet?Quote:
Originally Posted by Dalymountrower
Talk about spin.....Quote:
Originally Posted by Dalymountrower
Where do you get your 10% figure from?
Where do you propose to get a mortgage from?
How would you service the repayments on that mortgage given you don't generate cash, you burn it?
Unless Liam Carroll's financial wellbeing is a lot better than media reports say he'll look to void the contract and get repayment of monies advanced. I can't see his bankers letting him turn down the option of effectively selling back land at 200-300% of its current market value.
I don`t understand your point, if Carrolll wants to pull out he can, if he wants to stay in the game he`ll have to cut a deal with Bohs. If Albion want to proceed on the basis of their existing planning then they also have to cut a deal with Bohs. The only certainty is that when the dust settles on this mess Bohs will either have a valuable piece of land, no takers and a difficult , if manageable debt, or a large wad of cash in the tens of millions. Obviously it could be better but not a disasterous position by any meansQuote:
Originally Posted by OneRedArmy
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Originally Posted by Dalymountrower
:D:D: Thats the spirit.
Funny I seem to recall myself and a lot of other Bohs supporters supporting Rovers in their own court case against the GAA.
Given that Albion have already paid money to Bohs as per their contract on what basis were Bohs looking to have that contract cancelled? From what I have read Albion have not breached their contract.
:confused:
There's a difference between an act of bigotry and an act of business stupidity on an impressive scale.Quote:
Originally Posted by Boh_So_Good
Youz tried to sell something twice, ffs.
Who knew a stand with 4 rows of seats (or whatever that comedy stand they wanted to develop with Albion had) would prove to be such a problem.
I remember thinking at the time it was a ridiculous proposal.
I was saying the same. From the drawing of the stand it seemed very poor and it was a bit strange that Bohs did agree to it at the time. I thought they were getting short changed at the time to be honest.Quote:
Originally Posted by OneRedArmy
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Originally Posted by A face
does anyone have the plans of that stand handy by any chance????
the land is only worth what some one is willing to pay for it, thats what drove the property boom and the unsustainable prices. developers were willing to take huge loans and buy land at artificially inflated prices in the hope of making a quick turnaround on the development. if no one is willing to buy your ground, its worth **** all to youse. and in the current climate in the construction industry, no one will looking to buy it off youse any time soon.Quote:
Originally Posted by Dalymountrower
I was in Court for the entire judgment and I stand by my original postQuote:
Originally Posted by Dalymountrower
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Originally Posted by Dalymountrower
The land is only valuable if some wants to, or is able to, buy it.
As a football pitch it's worthless.
And the debt - how exactly will that be managed given the pitiable gate receipts and the existing borrowings costing €100,00 p.a. in interest alone?
Where's that ignore button :confused:Quote:
Originally Posted by galwayhoop
We won't know unless Dalymount is auctioned off now, will we. :rolleyes:
I think I know the answer to this - There was no signed contract - only a series of proposals & verbal agreements in principal. Albion were paying money on the assumption that a deal would be finallised eventually.Quote:
Originally Posted by pete
As for the worth of Dayler - it was worth 65M at the time of the deal - at the moment it would still be worth over 40M & I'd expect that value to bounce back up to 50M quite soon after the property market stabilises.
As for that - the property market has just been through a 6-months of nothing - basically no sales, but it is now coming out the other end - sales have just resumed (in the last 3 weeks!) at both ends of the scale - ie I know of a <3M house closing and numerous >500k closing in the past weeks (none of which were moving 3 months ago). There will be another 3-4 weeks of quiet movement before Xmas & sales should resume reasonably in late Feb. (Ive been through a few of these property booms & busts & they all follow a fairly predictable pattern). Expect prices to increase in 2009 by 4%+ (could be up to 6% I think)
1) The Danninger deal was for €40m plus a stadium in harristown.Quote:
Originally Posted by CuanaD
2) The same deal won't be offered to anyone else as a significant portion of it isn't Bohs to sell. The access factor cannot be underestimated
The rest of your financial outlook is wildly optimistic
Are you Tom Parlon by any chance?Quote:
Originally Posted by CuanaD
This post is hilarious.
Without planning permission Dalymount is not worth a fraction of those numbers. Carroll was speculating that site would be rezoned in 2011.Quote:
Originally Posted by CuanaD
I am still waiting for the soft landing but those numbers far too optimistic. Unemployment is increasing quickly so hard to see house prices rising while that continues & over supply not cleared.Quote:
Originally Posted by CuanaD
Off topic - Wait for the massacre of people in retail and service industry after Christmas and then we'll start talking about recovery.Quote:
Originally Posted by pete
On Topic - Dalymount without the Connaught Street access and with the economic downturn is worth an enormous amount less than what it was when the deal was done with Carroll.
While this is very off topic (and I'm sorry for that:o) is there any chance Dalyer could be redeveloped in its current state. An all seater 7/8k stadium?
If someone was willing to pay for it...Quote:
Originally Posted by Kingdom
Shels could lump in their 1.5m & pay for 1000 seats :pQuote:
Originally Posted by Kingdom
Might be an opportunity for the FAI to pursue a 2 stadium Dublin policy by getting Shels in to share/rent. Doubt Bohs have given up on selling stadium yet though.
You may remember that wheeze was tried a few years back and met with near-total opposition (though it was a neat dummy in advance of the real deal to sell Dalymount). Even in the wake of the court case, why Bohs should see themselves as equals to them in property terms is anyone's guess.Quote:
Originally Posted by pete
As a southside team, it would make much more sense to have them share Tallaght.
Thaniks for the replies men. I've always liked Dalymount, and while I completely understand why Bohs were/are keen to cash in on Dalyer, I always thought it to be perfect for a small scale fully seated stadium. A good LoI stadium I suppose. I know you're probably pulling the p!ss Pete, but the more decent stadiums in the league the better I would have thought.
Again completely O.T
They're more city centre than Southside. Dalymount is far closer to Rngsend than TallaghtQuote:
Originally Posted by BohDiddley
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Originally Posted by Dodge
The original deal for the ground was worth €58.5 Million
This involved €25 million stadium in Harristown
The balance in cash, paid in stages over the initial 5 years and the rest upon our leaving Dalymount
There is also penalty clauses if Liam Carroll's side of the agreement isnt kept such as if his company causes a delay in us leaving Dalymount.
Thanks for clarifying that
Last I checked, Ringsend was emphatically south Dublin. Southside is southside. What's it to you anyway? Worried about your option on the municipal stadium?Quote:
Originally Posted by Dodge
Why do the bohs board treat their fans like arseholes?
http://www.photoshopshowcase.com/Vie...ID=181913&AT=3
The fancy dress idea was mooted months ago. It was a bit of fun. Regardless of how people dressed on saturday it wouldnt have changed a thing and I really do think some of you fools ought to get a sense of humour.Quote:
Originally Posted by hoops1
that actually looks like a good bit of craic. especially petr cech on the pitch.Quote:
Originally Posted by hoops1
Lets be honest that looks better than a bunch of grown men running around in circles on the tolka pitch:oQuote:
Originally Posted by hoops1