Nice try...
Pats may have a "property developer " in their midst but he's not likely to financially rape the club he's involved in anytime soon.
Youse on the other hand..... ha ha ha ha ha ha !!!
Further to the unconfined joy at Bohs property difficulties earlier this week... this on Garret Kelleher's Chicago adventures: http://overseascafe.blogspot.com/200...struction.html
and this: http://archrecord.construction.com/n...106chicago.asp
How sound is he in Dublin?
Last edited by BohDiddley; 12/11/2008 at 3:33 PM. Reason: A bit windy
Nice try...
Pats may have a "property developer " in their midst but he's not likely to financially rape the club he's involved in anytime soon.
Youse on the other hand..... ha ha ha ha ha ha !!!
Shamrock Rovers- Where trophies are won and envy is scarce
Stuff is a few weeks old. If you read the articles, its standard business/construction guff. He sold the top two floors last month for $40 million. Still think he's in trouble?
As Pats fans are tired telling the doom merchants. We're absolutely nothing on the scale of Kelleher's money. He's also put up an 8 figure bond for the club. If he pulls out tomorrow. We're still OK for the next couple of years...
54,321 sold - wws will never die - ***
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He's lodged a figure with bank to cover losses up to that amount (or at least one of his companies has)
54,321 sold - wws will never die - ***
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New blog if anyone's interested - http://loihistory.wordpress.com/
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So at the moment according to your accounts, you owe his company E2m. If he pulls out, he's not entitled to that back? (Or has to pay it himself or some such)
What if (that great question!) the club rack up losses of E11m? Does he cover E10m and you get stuck with the E1m?
Presumably.
If we get to that stage, I'd imagine he wouldn't be happy about putting more in.
The company records stated that they envisage a loss for the next 2/3 years
54,321 sold - wws will never die - ***
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New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
My thoughts too. Suppose the main thing is how hard it hits you when he leaves (as I assume he will some time). If he covers everything, you get a soft landing, get rid of all your players and go back part time. If he doesn't cover everything, you end up owing, say, Revenue half a mill with no way of paying it back.
Does the bond work that, if he pulls out, he has to pay all the club's debts at that stage, including the interco account, to a max of E10m, and you start off 100% debt free again (assuming debts were less than E10m)? (Obviously not sure if you even know about it in this much detail)
Why has this been moved from the main forum? Are people only interested in Bohs finances?
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/
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/
Nothing wrong with 'youse', except I wouldn't write it unless I was scriptwriting Fairy City or entering a Dubiness contest. (Are Dubs the only ones who say that, btw? I'd say not.)
Hope that's ok with you and your friend who, strangely, thinks clubs losing out in property shenanigans is a source of great hilarity.
54,321 sold - wws will never die - ***
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New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
What high horse?
The high horse where you look down on fans of other clubs laughing at Bohs' troubles
54,321 sold - wws will never die - ***
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New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
Looking down?
Do you feel that way because your sneering glee at Bohs issues wasn't universally appreciated, and now things aren't as rosy in Kelleherville as might have been presumed? If that's the case, you're easily looked down on.
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/
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