Originally Posted by
OneRedArmy
In terms of the bigger picture, it reads like Bohs absolutely need someone (Albion, Danniger or otherwise) to complete the purchase of the ground pre-2012 in order to pay off the €4m loan facility.
Unless Albion is going to fund the purchase from cash, I'd say fairly confidently that no bank is going to touch a property deal in 2010.
For Danninger, read NAMA. If Danniger and their bankers aren't irrevocably committed, they won't be buying the land as the decision is in NAMA's hands, not Danningers.
Whilst Phisboro isn't a field in Mullingar, in the current market it may as well be. To have value you need both a seller and a willing buyer and it sounds like Albion are the only show in town. I'd be surprised if Bohs get 30% of the terms of the original Danninger deal. That will obviously still be enough to guarantee survival, if not the world domination that was previously predicted.