Just heard it on 98fm a few minutes ago. Apparently, the FAI rejected their license for the new season due to their budget being to high so they had to reduce it.
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Just heard it on 98fm a few minutes ago. Apparently, the FAI rejected their license for the new season due to their budget being to high so they had to reduce it.
The club were looking for at least a 30% cut so what happens now. Nutsy to walk before the end of the week is short odds.Quote:
Originally Posted by TheBoss
licencsing decisions will not be made until mid feb so I would assume that they were told to cut there budget as they may not receive a licence if they exceed the 65% scp
Are the FAI finally growing a pair?:eek:Quote:
Originally Posted by TheBoss
No, numerous clubs were told dthat their budget would not be accepted. It wa done in plenty of time for clubs to get their house in order before licenses are giving out.Quote:
Originally Posted by passerrby
Well they smacked you down in the past. So you rolled over pretty easily if they didn't have one before.Quote:
Originally Posted by pineapple stu
Also your question is gender-specific and Irish Football is a little bit bigger than the 'machoism' shown by your post.
Any time you want to start making sense, feel free.
but licensing decisions will not be made until mid feb so this was not a licensing decision but a finanacial assessment and if thats correct then it must have been on the grounds they would exceed there own projections or breach the protocol
Yeah, sorry I misread your original post. My understanding wasthat it was a preliminery assesment of the budget submitted to FAI under licensing (if that makes sense). Basically the FAI don't want the embaressment of clubs failing on financial grounds and are telling clubs to sort themselves out before hand.Quote:
Originally Posted by passerrby
Just reading the title ... "Bohs Players to accept 15% pay cut"Quote:
Originally Posted by TheBoss
Is that them accepting 15% and foregoing the other 85% or is it the other way round? Things are really bad if they can realise they need to drop more. Bohs wont be around for long i'd say.
Will they drop out mid season like Dublin City? and what is gonna happen with the points won against them if they do bomb out half way through?
So it seems Bohs could not sign anyone new until the existing 12 took a cut.... assuming each to cost around 1500 a week and the FAI to be ok with that level of spending the 15% frees up €2700 a week. All pretty speculative, but it does seem that Bohs will seriously struggle to maintain anything resembling last years strength.
It was apparently in one of the papers that Fenlon wanted to sign four or five new players on about €1000 a week including Shelley, Stuey Byrne, Paul Keegan. Doesn't look like there'll be that much available. A Face, they'll be on 85% of their previous wage, they're hardly going to accept playing for 15% of their previous wage by choice are they?.
FAI set the precedent in 2006 with Dublin City. The results would be crossed out.Quote:
Originally Posted by A face
Bohs won't "bomb out"
Even if they struggle they'll still be OK. UNless, of course,the 2 Gerrys are still in charge. In which case anything is possible
I'd agree. They'll do a Shels maybe. Major difference though is that Shels didn't have a bank lending them the money; the interest charge is massive and the bank are presumably getting edgy. If they don't sell Dalyer (which it seems they can't), they could well go under at some stage.Quote:
Originally Posted by Dodge
to slightly digress we are all looking at clubs in relation to this years licence applications but i wonder how many clubs failed there obligations on last years and will there be any punishments handed .
Would you get a grip.Quote:
Originally Posted by A face
Was thinking the same, hardly likelyQuote:
Originally Posted by BohDiddley
Is Fenlon going to walk?
Yes or no question:
Can Fenlon now sign new players given the acceptance of the pay cut?
Bohs have denied that there is any agreement and as they were looking for 30% to get their wage bill under the 65% cap i tend to believe this.
Quote:
Originally Posted by BohDiddley
. .Quote:
Originally Posted by garyderry
:p
He was on radio last night stating he wouldn't be leaving.Quote:
Originally Posted by GUFCforlife
As for new signings - I'd say no - but do they really need to sign any other "big names" with the nucleus of the squad from last season still there...
Now seems to be a chance for a few of the kids to make the step up
Its in the Sun that either Brian Murphy or Killian Breenan are to be sold to make up 200,000 euro for wages for Stuart Byrne, Paul Keegan, Joe Ndo and Brian Shelley...................madness!!
Why madness? Release 1 player to pay for 4 new ones. Especially when they only have 12 on the books right now.Quote:
Originally Posted by Jersey Cow
Only problem is now that they haven't a hope in hell in selling either of those in the window and if they do, now that how desperate Bohs are for cash is in the public domain they will be lucky to get a genuine market value for them.
Pity they couldnt hawk Jason Byrne and his fat wage cheque around the place and hope someone would take him for free.
When I said "madness" I was referring to the madness getting in this state in the first place.....
Looks like Bohs are ****ed despite the non believers on here http://www.setanta.com//uk/Articles/...go/gnid-36530/
They do have problems no matter what anyone saysQuote:
There's problems, and there's dropping out mid-season problems.
Its pretty obvious they cant hold together the team that one the league and will be very much weaker than last season.Quote:
Originally Posted by gufct
However no matter what mess the board have made, and how much property has devalued, they are still sitting on a huge asset in Dalymount. In the short to medium term then can continue to borrow against it, long term they will definitely go the way of $hel$ unless the stop there crazy spending. But its hardly likely to happen soon.
"With Gerry and Gerry there, it will never happen" !! :eek:Quote:
Originally Posted by pineapple stu
Banks ain't lending at the moment.Quote:
Originally Posted by garyderry
Having secured a sizeable approved overdraft facility before the credit crunch , raising the cash isn`t the problem .Staying within the 65% cap while managing a re-payment schedule is the difficulty.
Even if property values in Dublin reduce by 50%, Bohs are still sitting on a valuable piece of land, notwithstanding Albions diputed equitable interest. If on the other hand the sale had gone through as planned at the time and the proceeds were ....say... invested in blue chip financial stocks like our two main banks, 50 million Euro would be worth 500,00 Euro at this stage and Bohs would be f....ed. Its an ill wind etc:o
Don't think Albion's interest is disputed at all? Isn't that what the court case decided?
I would presume that an appeal to the Supreme Court indicates otherwise.
Fair enough. I was taking it that, given how damning the initial verdict was, the appeal was mere "nothing to lose" desperation on Bohs' part, having suddenly seen the abyss they were staring into.
Presume its the Zurich overdraft you are referring to.Quote:
Originally Posted by Dalymountrower
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?
And something tells me Liam Carroll may not be as keen to buy as he was previously.
You can't just "release" players though, can you? Would you not have to pay up their contracts?Quote:
Originally Posted by charliesboots
Bull****, they ARE lending, they are just being more careful who and what they lend.Quote:
Originally Posted by pineapple stu
No one is saying its all rosey at Bohs, but some of the redilculous crap from the usual sources (UCD fans), that its as bad as Dublin City or $hel$ is just as crazy.