Bohs in financial trouble

**SkStu** · 14/01/2011, 2:27 PM

my understanding is once there is a settlement on the future portion of the contracts (and arrears), all the players become free agents.

Once they sign with someone else, they no longer are entitled to the future portion (no loss of earnings) but would still be entitled to arrears to date. That is what Shelley and Grey are looking for as they want to move. But they also want to be part of the settlement for the future portion of the contract, hence Shelleys denial in the press yesterday that he had signed which is why i claimed it as shady.

Both sides are playing a game but it will be sorted out.

Given the groundswell against me should clarify that i do think Shelley and Grey are entitled to choose this route (i never said otherwise), they may be right from their own perspective about what they have done but, as a Bohs fan, i am disappointed in Shelley to do this. I am disgusted with Grey. Despite the rights or wrongs of the issue, i dont have to like it.

**Dodge** · 14/01/2011, 2:28 PM

Originally Posted by btid1

Never claimed that.Just questioned the MO of the two boys as compared to the other 8.

They want their money now, the others are prepared to wait. Not that hard to understand

**btid1** · 14/01/2011, 2:32 PM

Originally Posted by Dodge

They want their money now, the others are prepared to wait. Not that hard to understand

Do you understand what MO means?

It's not their goal I question, it their methods of achieving their goal I am questioning.

**osarusan** · 14/01/2011, 2:41 PM

Originally Posted by SkStu

Both sides are playing a game but it will be sorted out.

This is certainly true, but I can't understand why Bohs are playing this game. What have they got to gain from deciding not to pay the two players who aren't willing to wait? I can't see how the current approach benefits them at all.

**Longfordian** · 14/01/2011, 2:44 PM

I can see why Bohs would be in no mood to help out Shelley or Gray ahead of the rest but once they've gone to court I can't see any way you're not going to be stuck with their legal fees, probably another couple of grand on top of what you owe them at this stage, more if there's more than one court date.

**Dodge** · 14/01/2011, 2:44 PM

Originally Posted by btid1

Do you understand what MO means?

It's not their goal I question, it their methods of achieving their goal I am questioning.

And I'm making the point that the method is immaterial. Bosh owe the money, and they want it. As simple as that

**Dodge** · 14/01/2011, 2:47 PM

Bohs statement tells you exactly why they're unwilling to settle with these 2

They money raised through recent debenture scheme is beig held in escrow until a) an agreement is reached with all players and b) the get a premier division license.

Suggests that there's no cash available to Bohs. Also would scare the bejesus out of me if I was a Bohs fan. basically putting the future of the club in the hands of licensing?

**Ezeikial** · 14/01/2011, 2:58 PM

Originally Posted by Dodge

Bohs statement tells you exactly why they're unwilling to settle with these 2

Are you refering to this statement on the Bohs website?

http://www.bohemians.ie/news/4-club-...upporters.html

Club update for members and supporter
Bohemian FC wishes to clarify that it is not the subject of an order of the High Court winding up the club.
Media reports have today (14th January) disclosed the identity of the parties in a possible action against Bohemian FC. The club can similarly confirm that the parties concerned are Mr Steven Gray and Mr Brian Shelley.
We can also confirm that we are in a position to vehemently defend any potential action to place the club into liquidation. Both the PFAI and the parties' legal representative have been informed of this.
Bohemian FC has taken legal advice from Warren Parkes Solicitors on this matter. For obvious reasons, it would be imprudent for the club to make any further comment at this juncture. We would also appeal to our supporters to exercise similar restraint in their comments.
Bohemian FC expresses its sincere thanks to all members and supporters who have 'dug deep' to help the club at this difficult time. The recently marketed loan scheme was formed to assist the club and we are very optimistic that your continued support will address those difficulties and help us to build a solid foundation for the future of the club.

As you may be aware, in the interests of both the lenders and the club, loans given by members and supporters are being paid directly into a solicitor's client account. These funds will become available to the club if and when the preconditions, as set out in the terms and conditions of the loan scheme agreement, are met.

Please note that funds will not be made available to the club until these conditions are met. If the requisites are not met, the funds will be returned to the lenders under the terms of the loan agreement.

Details of the loan scheme are available here. We encourage all supporters of the club to participate.
The club is committed to keeping its supporters up-to-date regarding any developments in this matter. We will post further information here on bohemians.ie at regular intervals.

**marinobohs** · 14/01/2011, 3:02 PM

Originally Posted by osarusan

That's fair enough, I've been wrong in my post.

But as pointed out, the players can't sue over a buyout of their contract, only for wages owed. That, apparently, is around 4 grand (each, or altogether, I don't know). Are you really telling me Bohs don't have that much to pay these two players and make the winding-up order go away?

If 8,000 would settle it believe you me it would have been settled long ago. For reasons of confidentiality I dont want to go into details about the discussions still ongoing (unlike that clown Mc Guinness) but it is definite that the players are seeking more than the pay due to date.
If bohs had the resources to resolve this why would they not do so ? Given our past form (worse form than we have at SDCC stadium

) the last place we would want to end up in would be the courts. Suffice to say I expect the issue will be finalised prior to any court hearing unfortunately not so sure what that ending will be.
By the way I understand the two players (Shelley and Grey) are having a press conference on Monday to put across "their" point of view.

**Ezeikial** · 14/01/2011, 3:03 PM

This bit gave me a chuckle....

For obvious reasons, it would be imprudent for the club to make any further comment at this juncture. We would also appeal to our supporters to exercise similar restraint in their comments.

**pineapple stu** · 14/01/2011, 3:07 PM

So Bohs can't get a licence until they pay players' wages, and can't pay players' wages until they get a licence?

First time we've seen such circular logic since...well, Cork this time last year. What a great league!

**marinobohs** · 14/01/2011, 3:07 PM

Originally Posted by Ezeikial

This bit gave me a chuckle....

....Lets hope the two boys dont go for a pint around D7 over the weekend

**marinobohs** · 14/01/2011, 3:10 PM

Originally Posted by pineapple stu

So Bohs can't get a licence until they pay players' wages, and can't pay players' wages until they get a licence?

First time we've seen such circular logic since...well, Cork this time last year. What a great league!

Clubs dont need to have paid players to apply for a licence (or indeed get one) simply have reached agreement with the players. But dont let the facts..........

**pineapple stu** · 14/01/2011, 3:11 PM

It's fairly clear there won't be any agreement reached while you don't have any money.

**SkStu** · 14/01/2011, 3:22 PM

Originally Posted by pineapple stu

It's fairly clear there won't be any agreement reached while you don't have any money.

really? Explain that to me.

**pineapple stu** · 14/01/2011, 3:35 PM

Bohs have made an offer and aren't moving. The players want more and aren't moving. Bohs don't have more. Not really that difficult.

Also, Bohs saying they're not subject to a winding-up order? Is this Comical Ali on speed, or what happened yesterday?

**Dodge** · 14/01/2011, 3:41 PM

They're right though. The winding up order hasn't been made. Maybe they're reacting to people who contacted them thinking it was.

**Spudulika** · 14/01/2011, 3:53 PM

Is it just me or might we see Bohs going the way of Cork City? The leadership of both clubs (not just the recognised lead face) left/leaves a massive amount to be desired, which can only point to melt down. I hope to goodness I'm wrong, seriously wrong.

**Ezeikial** · 14/01/2011, 4:44 PM

Originally Posted by pineapple stu

So Bohs can't get a licence until they pay players' wages, and can't pay players' wages until they get a licence?

Is this actually the case? If the cut off period is to end November in relation to football debts, and Bohs have paid everyone up to that point.........

**SkStu** · 14/01/2011, 5:04 PM

Originally Posted by pineapple stu

Bohs have made an offer and aren't moving. The players want more and aren't moving. Bohs don't have more. Not really that difficult.

you said we dont have any money. We do. Read the statement again. Then you say we made an offer (just after saying we dont have any money).

Given that you now have conceded that we do have money, just because the offer is not enough for what the players are looking for doesnt mean that a deal wont be made in the future i.e. the club offers more money or the players accept the latest offer.

Pretty simple i would have thought.