The wage cap might be the least of their worries.
They re-mortgaged Dalyer last year, with the intention (I assume) of repaying it directly from the final sale proceeds of Harristown. As of last year, they owed E900k. There's rumours that's up to E3m now; I wouldn't be surprised because, even with the E1m from Liam Carroll, they were still racking up losses and needed the bank loan to meet their expenditure.
If Liam Carroll wins his money back, that's another E2m-E3m they owe. So that's potentially E6m of debt purely between the bank and Liam Carroll, and before legal costs, the Seán Connor settlement and the 2009 contract Dodge has mentioned. They paid E100k in interest alone in 2007; that's increased this year if the bank loan is up.
They've basically mortgaged their ground for success. Shels Mark II.
I think they can close the thread on reaching the CL group stages next year.
54,321 sold - wws will never die - ***
---
New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
Looks like Bohs could be even more in the sh*t than we are?
Dundalk 1 - "the worst team to ever play in the premier" 2 :D
I wouldn't say that.
54,321 sold - wws will never die - ***
---
New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
Not a good day for Irish football.
A difficult month ahead for Bohs.
I think both those sentences are way out.
Another club driving the recent huge wage inflation can't do it any more. Only Pat's are really left. Bohs were never sustainable without the deal (which they screwed up), so it's good that other clubs don't have to chase them to achieve a modicum of success.
With 22 clubs spending sustainably, the league can move forward. Ultimately, we're one club nearer that now.
54,321 sold - wws will never die - ***
---
New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
i feel sorry for bohs.
no honestly I do.(who's laughing at the back there, stop sniggering i'm being seri....
nah sorry people just cant do it.
OH DEARY DEARY DEARY ME!!!!!
home.
roost.
chickens.
come.
to.
funny as fook.
Last edited by placid casual; 07/11/2008 at 12:01 PM.
Shamrock Rovers- Where trophies are won and envy is scarce
Not this time.Originally Posted by micls
NL 1st Division Champions 2006
NL Premier Division Champions 2010
NL Premier Division Champions 2011
Keep Tallaght Tidy, Throw your rubbish in the Jodi
Ten Years Not Out
Happened a year too late....if it happened last year it might have prevented Fenlon from buying himself another title.
Oh what a glorious day, the chickens are roosting nicely now in dalymount park but they would want to be careful Bohs might try and sell them.....Twice!!!!!!!
: (Damn the 3 smiley limit)
Unless you
1) view the ultimate situation whereby UCD are the only club left as being "a good day for Irish football"
OR
2) Have found some Holy Grail that says that Irish football has undergone a road to Damascus-type conversion and all clubs will be run on a solid footing going forward
then today, like the other recents days when Cork, Drogs etc. had their days of infamy can't be described as anything other than "not a good day".
PS Steve, I think "a difficult month ahead for Bohs" is possibly the biggest understatement of the season!
How are they going to pay back the €2-3m to Carroll? Increase the mortgage on Dalymount? Can't see the banks flocking to do that.
Upwards to the vanguard where the pressure is too high.
Both scentences way out.....?
1) It's not a bad thing if you take the narrow, short-termist, naive view that I suspect you are here.
Is it good that clubs who mortgage their future get a come-uppance ? Yes. Will it change anything in football ? No.
Meanwhile, it looks now that Dalymount will at best be severly compromised as a ground, and that the Republic's longest-running senior club, and the one in longest continuous existence, are in severe financial jeopardy.
If you can't see how all that is bad for Irish football, then I suspect it's you who's 'way out'.
2) It's way out to say that Bohs have a difficult month ahead ?!?! I'm not even going to answer that one, as it's so patently daft I don't need to....
To be fair to stu, I think he meant you were understating it massively!.
Upwards to the vanguard where the pressure is too high.
The fact that they bought the league with money they never had, and screwing every other club in the process was much worse for Irish football, than the state they're in now.Originally Posted by dcfcsteve
Only yesterday, they were crowing about how many records they were setting, gloating over their record over us this season, without acknowledging that it was all fake.
Welcome to the recession, gypos. It will last a while.
NL 1st Division Champions 2006
NL Premier Division Champions 2010
NL Premier Division Champions 2011
Keep Tallaght Tidy, Throw your rubbish in the Jodi
Ten Years Not Out
Bookmarks