Some facts , mostly conjecture though ,in fairness.
The negative talk goes with the territory when you dominate the league for two years. Bohs and our financial travails have been forensically examined (and our triumph in meeting the SCP against the odds being ignored in this Forum). I genuinely think that the level of scrutiny has helped to galvanise our response. Its a pity that the same level of scrutiny wasn`t applied to Derry , as it may have saved them from the recent debacle,
News to me, and the answer to the question I was going to pose LukeO, who chose to ignore almost everything in my post to pick up on one relatively minor technicality - did Liam Carroll pay the E1m to Bohs this year?
There's conflicting info on this - LukeO's link includes the line
which directly conflicts with de bowez's post. In that case, the numbers in my post (the important bit) are correct, even if the means of arriving at them (less important) is slightly out. Easy thing to mix up Bohs' many court appearances.Originally Posted by Indo
BOHEMIANS hope to sell Dalymount Park in a deal worth what SunSport understands to be up to €35million after they began clearing up the legal mess surrounding their ground.
At an EGM at DCU last night, members were shown a four-point plan designed to facilitate the sale of Dalymount and a move to a purpose-built stadium.
It was drawn up in a bid to end the log-jam caused by separate and conflicting deals with two companies, Danninger and Albion Properties.
And — after members voted in favour of the plan in an overwhelming majority — Bohs hope to press ahead with a deal to sell the entire ground to Albion, owners of the Phibsborough Shopping Centre.
The vote also ensures Bohs will comply with the Salary Cost Protocol which dictates players' wages must not exceed 65 per cent of revenue.
They will achieve that by drawing down a portion of a €1m payment due from Albion.
The sale of Dalymount will provide Bohs with a cash payment and a new stadium roughly equal in value.
Albion will build a ground within the club's catchment area, on the northside of the city but within the M50 perimeter as well as paying an eight-figure cash payment which would secure the club's long-term future.
In 2012, Bohs are due to begin repayments to Zurich Bank on a €4m loan secured on the car park on the Connacht Street [sic!] side of the ground, currently leased to the Mater Hospital.
The proposal put to members was:
1) Bohs will repay €1.1m to Albion Properties, paid for purchase of parcel of land at Tramway End.
2) Albion will pay €1m to Bohs to secure an option to buy Dalymount, subject to members' approval.
3) Danninger will be given full title to Dalymount Park. If Danninger can proceed with original deal, Bohs will pay €10m to Albion. If not, Bohs will negotiate sale to Albion.
4) If the deal to sell the ground is not approved, Albion will keep parcel of land at Tramway End but Bohs will retain the above €1m payment.
Bohs were forced to go back to the drawing board when they lost a High Court case to Albion in November last year. Mr Justice John Edwards ruled that Bohs and Albion DID have an agreement in place concerning the sale of land at the Tramway End.
The judge rejected Bohs' claim that monies received from Albion were goodwill gestures to facilitate a potential future deal rather than a payment for an agreed sale.
That scuppered a deal Bohs had subsequently struck with Danninger — a Liam Carroll company — to sell the entire ground in return for a new 10,000-seater stadium in Harristown and €38.125m in cash.
Bohs have already received in the region of €2.6m from Danninger and, following last night's vote, Carroll can press ahead with that deal.
But, because of the developer's mounting financial problems, it is thought highly unlikely he will be in a position to do so but Bohs would not be obliged to repay the €2.6m.
A Bohs spokesman said: "There is no question of us being in breach of contract with Danninger as we are happy for Plan A to proceed. But, if that cannot happen, this is Plan B."
Bohs had held talks with Dublin City Council and Fingal County Council about a new ground development as well as with the FAI who are keen on a groundshare with Shelbourne.
Crucially, none of those organisations had any money to bring to the table, leading Bohs to try to come to an agreement with Pascal Conroy of Albion.
Conroy has long been interested in acquiring Dalymount to allow a financially-viable expansion of the shopping centre. Bohs have not ruled out the possibility of facilitating tenants at a new ground with Shels — who are expected to be forced out of Tolka Park in the near future — the obvious candidates.
Shels already hope to base themselves in Dalymount for next season, although no deal has been concluded. __________________
No, as far as I know its a legal matter. We repay Albion the money they paid us years ago and that whole dispute is settled. They no longer have any rights to any portion of Dalymount. Now in a completely new deal they have bought first option to buy Dalymount if Carroll doesnt go through with buying Dalymount.
Reminds me of this thread on the Drogheda forum where it was implied that Bohs' underage expenses were high because DCU charged a lot, while underage income was high because DCU sponsored some of the underage teams.
Last edited by pineapple stu; 01/01/2010 at 3:06 PM. Reason: Link corrected
Can`t access that link without registering. So you are implying that DCU and Bohs are conspiring to allow Bohs to circumvent the SCP? Is that a better source than your erroneous and inflammatory assertion that Bohs are being sued by Liam Carroll? The few remaining Bohs fans that peruse this Forum might be forgiven for being sceptical about any assertions made by you on Bohs related matters. Moderator in name only when it comes to Bohs it would appear.
Do what I told you. Read the thread where you'll see a Bohs fan say that they pay fees to DCU for facilities, and that DCU sponsor the underage teams, giving rise to rather high underage expense and income figures, as previously noted by others.
I read the extensive coverage of this issue on the FOOT.IE forum where you made your usual voluminous contribution. Objections by Bohs fans to the level of unfounded conjecture at that point, including the naming of a Bohs player as being part of a a SCP avoiding dodgey deal, led to the usual banning and infractions being dished out to those raising the objections.
I am intrigued that you quoted a link to another site rather than the link to the FOOT.IE debate on this.
The post which Stu referred to is:
Nobody is saying that Bohs and DCU have a cosy arrangement for cheating the SCP, but I am still curious as to how an underage set-up generates €110k as income for the club. Why don't DCU just give the facilities at a discount price or free? A lot of that €110k income is going back to DCU.Originally Posted by celdrog
Anyway the discussion above was ended by BP calling me an internerd warrior and Stu a toolbag
If Bohs give Albion €1.1M and then get €1M back in two separate transactions, then I think that is fair enough. Use the €900k to help you pay higher wages, its not real money and would just become debt at the end of the year.
Hunky Dorys Park - could be worse, we could be going to Old Trafford every other week
There was no need for this thread to have been started. Once again it's decending into innuendo & bulls**t that was the rovers objection thread.
Every club has to submit monthly accounts. You can be assured Bohs were under 65% at end of November or you would have had all the Rovers/UCD keyboard warriors on this site with links to every piece on the web they could find & screaming relegation!!!
Also as part of the licencing requirements for 2010 budgets for next season have to be submitted so why shouldn't bohs sign players based on this budget. Again if the FAI had rejected boh's budget you can be sure people would have been on this site bit*hing & moaning
That would be silly. What we should do though is sign all the players who won't sign for us because we won't pay them big money, put two of them down as working in the club shop as well, give the schoolboy section a golden handshake(on paper anyway), and break the 65% all season until the last week of the season. That should see us ok.
False hope is worse than no hope. Ask Sligo.
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