Bohs in financial trouble - FAI Licencing called into question again?

[MagicMon]

The precedent from the last 2 seasons is 1relegated from the premier 2 beaten playoff team if not the same team as 1, 3 next highest first division team.

But that assumes consistency in the fai's decision making.

[gspain]

If there is a vacancy in the premier division the playoff loser would be first in line. However I'd imagine Galway (assuming they lose which looks likely) will struggle to get a premier division licence.

The ultimate kick in the teeth for Limerick would be Waterford to go up then if we only get a first division licence.

[Macy]

If Bohs get the boot to the first Division,who replaces them,1.the beaten team in promotion play-off(Galway)or 2.next team in first div.ie Limerick

Next ranked Premier Division Licence Holder. Play off loser would rank higher than the next team in the first.

[fc hammer]

If Mons get a premier licence theres hope for us all.

[Dodge]

What'd be the issues for Galway? They're sorting out their finances (slowly) and have one of the top 6 grounds in the country.

Would monaghan need more seats? Can't think of anything else they'd fail on

Would LImerick be allowed use the plans for the new stadium to hold them over and get a premier license?

[Mr A]

Can't see Limerick or Monaghan having too much of a problem- generally there's a derogation of at least a year on promotion with regards major infrastructure.

Galway's issue (I guess) would be whether all football related debts were settled on time. I have no idea what their position is there.

[frenchman]

If Mons get a premier licence theres hope for us all.

I may be wrong but we've had a premier licence for the last number of years!!! not showing off but just trying to defend a small family club who do things by the books and now seem to be rewarded..as in tonight!! we will certainly be told we are too small (i'd be very happy if we get average crowds of 750 next year) but FOOTBALL IS PLAYED ON THE PITCH. cheating is done behind the scenes!!!!!
we have had no club sponsor for the last two years and have (to be verified) the second smallest budgets in the league.
As far as galway goes, unless they have very serious financial debt without light at the end of the tunnel( which i don't think is the case, then they will get back in.they won't have the money to pay good wages and will certainly finish bottom(with a lot more than 6 points but bottom) but if the other clubs cheat then they MUST be accepted.

[Dodge]

Galway's issue (I guess) would be whether all football related debts were settled on time. I have no idea what their position is there.

I think as long as they have apayment plan/agreement they're OK. WOuld like to see the recent hard work rewarded if it came down to them

[Macy]

To Plans - the cause of, and solution to, all licencing problems...

[geezer]

Footballing debts probably the smallest deficit ever, but the ex ceo got his made up debt included as footballing debt before he left, He never played, never coached, knew some loophole in licencing , signed it off himself accepted by licencing dept and that will probably prove to be the ransom too far for Galway supporters. all other football debts amount to a smallish figure well way under what the harps chairman said they needed a few weeks ago. I am prevented from disclosing exact figures by GUST on foot.ie, you understand

[Lim till i die]

the second smallest budgets in the league.

Not a hope imo.

Wouldn't be spending the colour of what Shels, Cork, or Limerick were I'd imagine but definitely more than Salthill, Mervue, Wexford, Athlone and possibly Harps.

Is their any plans for Monaghan to bolt down some seats on the far side actually

[nigel-harps1954]

No way do Mons have the 2nd smallest budget! Not a hope!

Also, as above, do they have plans to extend seating? Doesn't there have to be 2000 seats for Premier League or something? Be great if they done something with the far side of the ground alright.

[Macy]

Also, as above, do they have plans to extend seating? Doesn't there have to be 2000 seats for Premier League or something?

Back of a fag packet plans enough for licencing.

[marinobohs]

Back of a fag packet plans enough for licencing.

..as long as you have the six tops off corn flakes packets

[nigel-harps1954]

..as long as you have the six tops off corn flakes packets

And 12 tokens from the Milk carton.

[Longfordian]

Not a hope imo.

Wouldn't be spending the colour of what Shels, Cork, or Limerick were I'd imagine but definitely more than Salthill, Mervue, Wexford, Athlone and possibly Harps.

Is their any plans for Monaghan to bolt down some seats on the far side actually

I'd be very surprised if their budget was lower than ours too, ours was under 3k a week.

[passerrby]

Ours I'm told was about 2500 as for the far side I believe that plans have been sibmitted and will be completed when our bank receives what it is owed by greece

[adamd164]

Bohs' statement released this evening:

Bohemian FC wishes to thank the club’s staff, members, supporters and creditors whose support and patience have helped keep the club going through its financial difficulties. In particular, Bohemian FC thanks those who have contributed to the club’s loan scheme and to other fund-raising initiatives and have in this way crucially helped the club in this difficult period.The club is determined to maintain these efforts and to ensure that Bohemians continue to play in the top flight of Irish football, as they have done – uniquely among all the clubs – since the establishment of the League of Ireland 90 years ago. Due to these efforts and continuing reductions in the club’s costs Bohemians are in a better trading position than at this stage last year: all payments to the Revenue Commissioners and to players are up-to-date and no player contracts are being carried over.

Cost reductions have been achieved largely through job cuts and reduction of working hours. The club thanks the staff involved for their co-operation and their understanding. Bohemians are continuing to reduce trade debts and the club needs to pursue its fundraising activities. Supporters are urged to help make the Big Bohs Gig at Vicar Street on 27th November a big success. As is well known, the club has debts of over €4million to Zurich Bank. Repayment of this loan falls due in June 2012. Meeting that target depends very largely on being able to realise the value of the club’s major financial asset, Dalymount Park. Bohemian FC is in continuing negotiations with Zurich Bank about the schedule of interest payments on this loan.

The Club is also actively working, through its legal representatives, to resolve legal issues relating to the possible sale of the club’s property. Members were updated by the board and the club’s legal representative on progress on these issues at the members’ meeting in September.A further update will be provided to members at this week's EGM.

As members directed at the most recent meeting, Bohemian FC is continuing to explore all possible options for securing the club’s future into next season and beyond.

What are the legal issues holding up the sale of Dayler?

[placid casual]

their legal rep is also on their board and is one of the reasons they are in it up to their necks.

If the ordinary decent bohs fans dont throw out the charlatans running their club, at the egm, then they deserve to see their 120 year old club die..
And that is exactly what will happen.no dalymount sale.no financial rescue package.
just dead.like the dodo. and drums.

[Longfordian]

Can't see a big demand for Dalymount at the moment anyway. Developers who actually have any interest and the money would be better off waiting, the longer it goes the greater the pressure on Bohs and obviously the lower the price then. They could end up having to sell for the amount owing to the bank and damn all more despite it's value on paper. What happens then?