Bohs accounts

[Dodge]

I see they've leaked again. Hilarious reading

JPGs posted on Rovers forum
http://www.srfcultrasforum.com/forum...ead.php?t=8515

Available in pdf format here
http://rapidshare.com/files/21497641...0_Nov_2008.pdf

My favourite line
"Their proposed strategy to increase expansion of the club in European competitions, while cutting costs, with specific focus on player costs, will allow Bohemians to remain viable, and become profitable within 1 - 2 years."

[LeixlipRed]

Income almost equal to wages. Never mind other expenses. The writing is on the wall especially with the related news about Danniger trying to negotiate with creditors this week.

[GlasnevinRed]

http://www.thepost.ie/post/text/stor...&version=print

Carroll seeks deal with creditors

22 March 2009
By Ian Kehoe, Chief News Correspondent
Property developer Liam Carroll has asked creditors of his development firm, Danninger, to write off up to 40 per cent of their debts as part of a scheme to rescue the company. Letters have been circulated to creditors in recent days offering them between 60 per cent and 70 per cent of their debts. A series of meetings are taking place between Carroll’s financial advisers and Danninger creditors to hammer out deals.

A significant number of creditors have already consented to writing down their debts. One of the country’s biggest property development firms, Danninger owes trade creditors tens of millions of euro. The company also has sizeable bank borrowings, although Carroll remains committed to repaying his lenders in full.

Carroll has retained KPMG in Dublin to advise on the informal scheme of arrangement between Danninger and its creditors, which are being dealt with on a case-by-case basis. If the creditors agree to write down their debts, Carroll has pledged to repay the money over a specific period of time. The move is designed to ease cashflow difficulties at Danninger.

Carroll was one of the country’s most active developers through Danninger and its predecessor, Zoe Developments, which built thousands of apartments in Dublin. However, the company has suffered a number of blows in recent months.

In October, the High Court quashed a fast-track planning permission from the Dublin Docklands Development Authority for a €200 million office development on the former Brooks Thomas site at North Wall Quay. Carroll has also temporarily halted construction of the Parkway Valley shopping centre in Limerick.

The developer has also significant interests on the Irish stock market, many of which have fallen in value due to the decline in equities.

[SMorgan]

Income almost equal to wages..

Where did you get the almost equals? Thats just players wages. The wage bill exceeds income by 700k!!

[Aaron]

Holy good ****!!

[Jicked]

Will the fans still be singing We Are Invincible next week? They deserve everything they've got coming to them.

[brianw82]

Total Turnover: 2,051,679
Wages & Salaries (Players): 1,951,970

% of Turnover spent on players' wages: 95.14

Here we have it in black and white. Bohs broke the Salary Cost Protocol last season.

Of course, it's now a new season, so no action will be taken.

[niallsparky]

Will the fans still be singing We Are Invincible next week?

Yes, I don't see why not?

[Mr A]

Had Galway been relegated instead of us they would have the FAI right over a barrel legally since they had a transfer embargo etc in place due to breeching the 65% rule.

Between this, Drogheda and Cork it has just proved the FAI simply didn't have the balls to build on what little progress has been made in the league by applying their own rules.

[Jicked]

Yes, I don't see why not?

Well considering their "invincibility" is clearly bought on tick, and they're about to find out pretty soon how uninvincible they are when the shít hits the fan.

[brianw82]

Major LOLs @ the tag 'attention pineapple stu'

[Dodge]

The money received from danninger counts towards Bohs income so they're still under the 65% (just)

[adamd164]

The money received from danninger counts towards Bohs income so they're still under the 65% (just)

They're shagged this year though, surely with Carroll gone.

How much has the entire wage bill been reduced by roughly does anyone know?

[Dodge]

Major LOLs @ the tag 'attention pineapple stu'

I'm glad someone noticed

[Dodge]

I think only players wages are included in 65%

[LeixlipRed]

Where did you get the almost equals? Thats just players wages. The wage bill exceeds income by 700k!!

Haha, I read it wrong. Brilliant

[pól-dcfc]

Some of the glee here is worrying.

Those accounts are shocking. Bohs are ****ed, which is bad for the league. I hope to god the FAI pull the finger out and do something about this before one of the oldest clubs in the country goes completely tits up.

[Dodge]

Some of the glee here is worrying.

Those accounts are shocking. Bohs are ****ed, which is bad for the league. I hope to god the FAI pull the finger out and do something about this before one of the oldest clubs in the country goes completely tits up.

They're a members club. They've no one to blame but themselves.

[Réiteoir]

Some of the glee here is worrying.

Those accounts are shocking. Bohs are ****ed, which is bad for the league. I hope to god the FAI pull the finger out and do something about this before one of the oldest clubs in the country goes completely tits up.

It's a Shamrock Rovers and Shelbourne fans combined wet dream tbh

I'm looking forward to the day that Bohs will be handed a fully completed stadium by North Ballymagash Urban District Council for free and only having to pay off a small percentage of their debts...

It seems to be the general way of things being done

[pól-dcfc]

They're a members club. They've no one to blame but themselves.

I agree with you. But it'd be awful for Irish football if they go. Something needs to be done.