Bohs accounts

**p�l-dcfc** · 31/03/2009, 12:30 AM

Originally Posted by Inside Man

I hope to god that the figure of 428,555 includes Connors settlement because if this is not true that is shambolic. What are they thinking?

The accounts are until the end of November 08. And Connor's settlement was granted..... (drum roll please) on the 3rd of December.

That board need lined up against a wall. And so will Bohs members if they don't use their vote sensibly at the AGM.

**sonofstan** · 31/03/2009, 8:02 AM

Originally Posted by p�l-dcfc

That board need lined up against a wall. And so will Bohs members if they don't use their vote sensibly at the AGM.

Yes... ...

**jinxy lilywhite** · 31/03/2009, 10:26 AM

Originally Posted by Dalymountrower

Diverting and all as this must be for some of the posters on here who will never get to see a set of audited accounts for their own clubs, apart from the faux shock/horror the reality is that Bohs is an asset rich club but one which has been negligently administered in the past four to five years (as if you all didn`t know). If it was to continue to be administered in the same manner we would be out of business by 2013. We will have a largely new Board in the next few months which should stop the haemorraging over the next two years.
Any company with assets conservatively at 25-30 million and cumulative debts at 5-8 million tops would be considered as very healthy in the current economic climate .
With improved skill mix and better governance at Board level we`ll come out of this stronger and still considerably richer than any other club in the league. And yes, we are invincible

You may way be an asset rich club but your short term liquidity is terrible. Borrowings are very high and while interest rates are low and interest repayments are low too. But they will rise soon inthe next 12 months and you will be under more pressure than you are already to make repayments. All well and good have big assets but you cash supply is ****e and those assets won't easy convert to cash when you need them.

**A face** · 31/03/2009, 10:35 AM

Originally Posted by sonofstan

Yes... ...

sonofstan, do you know if the members have the ability to turn it around? I'm not saying if it will or not but just to know if there are realistic options available to sort this out?

**Shelsman** · 31/03/2009, 1:03 PM

Originally Posted by A face

The league needs a good swift kick in the hole, and i hate saying it but a club going out of business may be the only thing that would work.

Cobh Ramblers anyone?

OK, technically they still exist, but they are out of the LOI -so as a senior club they might as well not exist.

**marinobohs** · 31/03/2009, 1:12 PM

Granted bohs have big finanacial problems and the members WILL HAVE to act at the AGM but honestly getting lectures from Rovers (gone broke & STILL no ground) Shels (gone broke & 1st Div) Derry (St john Hume begging friendlies to survive not long ago) or Pats (Business plan - 3 mill wage bill to win SFA) Cork (far, far too much to list) need I go on ?

Bohs assets (Dalymount primarily) still way exceed what is owed even in these times. Only a small part of the ground is in dispute -FACT. We are by far the best team in the League and have Champions Lge and SETANTA to add to last years fixture list.

The fact is that no club in the league is in a great position and this clearly applies to Bohs amnd Yes we should be concerned. perhaps If the "preachers" on here looked after their own clubs then perhaps rovers/shels/cork/drogs would not have gone bust.

**Dodge** · 31/03/2009, 1:24 PM

Originally Posted by marinobohs

Granted bohs have big finanacial problems and the members WILL HAVE to act at the AGM but honestly getting lectures from Rovers (gone broke & STILL no ground) Shels (gone broke & 1st Div) Derry (St john Hume begging friendlies to survive not long ago) or Pats (Business plan - 3 mill wage bill to win SFA) Cork (far, far too much to list) need I go on ?

The difference is that all these clubs have all taken corrective actions, even if it was forced upon them (even if your wage bill for pats is way, way, way overstated)

The other point to note is that Cork, Pats, Shels and Rovers acted wrecklessly at the helm of directors of a private company. While supporters may be complicit to the problems, they're not the cause of the problems

However Bohs are, and have always been, a members club. The people responsible for your financial mess are the members of your club, as you voted on these accounts every year, and you voted these people in.

**marinobohs** · 31/03/2009, 1:32 PM

as opposed to homeless Hoops living in a rented ground (still ?) with a crap team ? kidding themselves that they are getting somewhere ? Thanks but no thanks, Bohs will be around ,long after the homeless hoops are finally history.
By the way no member of our Board was convicted of football hooliganism can hoops say the same ?

**marinobohs** · 31/03/2009, 1:34 PM

"Your assets are worth nil"

presumably the type of accounting that has worked soooooooooo well at SRFC.

**bigmac** · 31/03/2009, 1:36 PM

Originally Posted by marinobohs

Granted bohs have big finanacial problems and the members WILL HAVE to act at the AGM but honestly getting lectures from Rovers (gone broke & STILL no ground) Shels (gone broke & 1st Div) Derry (St john Hume begging friendlies to survive not long ago) or Pats (Business plan - 3 mill wage bill to win SFA) Cork (far, far too much to list) need I go on ?

Do you not think that these are precisely the people you should be listening to?

**marinobohs** · 31/03/2009, 1:47 PM

Will do, and perhaps you could stick to managing a small part time club and leave us to look after the best team in Ireland and a club that has NEVER gone broke and has NEVER been homeless

**Hibs4Ever** · 31/03/2009, 2:18 PM

Originally Posted by marinobohs

Will do, and perhaps you could stick to managing a small part time club and leave us to look after the best team in Ireland and a club that has NEVER gone broke and has NEVER been homeless

Youy really do have your head in the sand don't you

**shantykelly** · 31/03/2009, 2:24 PM

nah, more like up his backside. land is only worth what someone is willing to pay for it, and this economic climate, that amounts to about zero. most property developers (the still solvent one anyway) will be looking to shift what they've already built, not gamble onfurther development that tha banks probably wont fund anyway. and location is everything, especially when the small piece of land that is sold off actually contains the all important access route.

**Macy** · 31/03/2009, 3:17 PM

The FAI won't let Bohs go to the wall. There'll be a deal done for the ground and then the FAI will get their wish of forcing a ground share with Shels. Different clubs, different rules.

**placid casual** · 31/03/2009, 3:27 PM

Originally Posted by marinobohs

Will do, and perhaps you could stick to managing a small part time club and leave us to look after the best team in Ireland and a club that has NEVER gone broke and has NEVER been homeless

your name is not Gerry by any means is it ?
you should hook up with the esteemed Sheridan from this site.
in a matter of months you can both cry on each others shoulders about the great loss of your "beloved" club's. and compare chips no doubt

**BohDiddley** · 31/03/2009, 3:41 PM

Originally Posted by Dodge

However Bohs are, and have always been, a members club. The people responsible for your financial mess are the members of your club, as you voted on these accounts every year, and you voted these people in.

Almost every other contribution here is sneering, self-satisfied guff from people in glasshouses with memories which I am sure are a lot shorter than those of their erstwhile creditors.

But we can't argue with this. We are a members' club. It is a privilege to be part of such a club, but with that privilege comes responsibility.

**Mr A** · 31/03/2009, 3:52 PM

There is an inherent danger in some supporter owned clubs that if at some point things start going seriously wrong then fewer people want to step up to board/committee level. Naturally people don't want to get involved with a sinking or discredited ship, and the disillusionment drives people away and makes them wary. You may have plenty of people saying they want the incumbents out of office but when it comes down to replacing them you end up continuing with the same for sheer lack of other options.

There can come a point at clubs were a revolution is needed- but finding sufficient people with the time, energy and skills to entirely take over an operation as complex as an LOI club is tremendously difficult.

Bohs obviously need a revolution, and I hope they achieve it. (For the record, Harps need something approaching a revolution as well).

**Celdrog** · 31/03/2009, 4:09 PM

Originally Posted by marinobohs

We are by far the best team in the League and have Champions Lge and SETANTA to add to last years fixture list.

We said that 12 months ago, it'll be a long time before we can say it again.

**sonofstan** · 31/03/2009, 5:18 PM

Originally Posted by A face

sonofstan, do you know if the members have the ability to turn it around? I'm not saying if it will or not but just to know if there are realistic options available to sort this out?

Voting out the board is the first step, and there are, for the first time in my time as a member (5 years), credible people running for most positions against the incumbents. The next step is up to that new board - but yes, we can save the club, I think.

**SkStu** · 31/03/2009, 6:10 PM

Originally Posted by D24Hoop

The ones I feel sorry for are the few lonely dissenting voices over on Gypoweb who obviously love their club but are hopelessly outnumbered by the morons.

thats such a misrepresentation its not even funny.