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

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    Reserves MMVIII's Avatar
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    Quote Originally Posted by TiocfaidhArmani View Post
    Nutsy requested an increase? Would the word 'demanded' describe his request more accurately?
    Do you ever have any solid proof to your accusations and rumours or do you just talk nonsense the whole time?

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    Just what I heard down the grapevine, like how a lot of people get their info on here.

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    Quote Originally Posted by Charlie Darwin View Post
    Well, like I said, it depends on what the numbers were. A small budget increase could be the difference between a league place, getting the last European spot, getting to a cup final...
    ..., qualifying for the Champions' League groups...
    We're not arrogant, we're just better.

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    Quote Originally Posted by Nedser View Post
    Eh, I'm not an insider, but it seems to be generally accepted that the board said yes! (Although they clearly should have said no).
    I think we might be thinking of different things. Fenlon asked for more cash prior to the season and the board made more available. Wrong decision. Fenlon then complained a number of times and requested even more. The board said no. That was what i was talking about and what i thought the original poster was talking about...
    I like high energy football. A little bit rock and roll. Many finishes instead of waiting for the perfect one.

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    Quote Originally Posted by TiocfaidhArmani View Post
    Nutsy requested an increase? Would the word 'demanded' describe his request more accurately?


    ........ yep, Nutsey raised himself up to all 5" 7 and DEMANDED that 6/7 grown men cave in to his demands. Rumours that automatic weapons were used in the dramtic stand off are, however, a slight exaggeration

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    Quote Originally Posted by marinobohs View Post
    ........ yep, Nutsey raised himself up to all 5" 7 and DEMANDED that 6/7 grown men cave in to his demands. Rumours that automatic weapons were used in the dramtic stand off are, however, a slight exaggeration
    That's what I heard and all, you must have the same source as me. The plot thickens....

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    Quote Originally Posted by TiocfaidhArmani View Post
    That's what I heard and all, you must have the same source as me. The plot thickens....
    Oh crikey TA, you know the shams mole too ?

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    Bohemian FC has agreed with Zurich Bank a restructuring of the club’s loan. Under this arrangement, interest payments are rolled up into the final payment of the €4 million-plus debt and the date for settlement will be reviewed in June 2012, when the current agreement matures.
    Bohemian FC will grant to Zurich Bank a charge on Dalymount Park. This is the third charge on the property and Zurich Bank will be repaid, like the other secured creditors, on the sale of the ground.
    If there is a shortfall after the property is sold and the other secured creditors are paid, Zurich Bank will not seek to have Bohemian Football Club wound-up.
    Zurich has undertaken to work with the club and its property and legal advisers with a view to managing the disposal of the property in an orderly fashion with minimum disruption to the club’s activities.
    “This agreement allows Bohemians to prepare for next season knowing that our largest creditor will not in the short term be seeking payment of the debt to them,” said club president Chris Brien.
    “We urge supporters to buy season tickets and membership for 2012 now that this uncertainty has been removed.”
    The new arrangements were outlined to club members at a meeting tonight (14th December) and were approved by that meeting.
    Last Updated on Wednesday, 14 December 2011 22:15
    Cumann Peile Dún Dealgan - Champions 2015 (too many accolades to be typing)

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    Allows them to go ahead and plan for next season I guess but in the long run they don't sound too confident of having much left over after the sale of Dalymount, if somebody actually goes ahead and buys it.

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    Long term I think Bohs are in serious trouble.If someone does come in with a bid for dalymount they'll receive very little for it now and they'd have to ground share with the likes of Pats or somethin in the future which would be a disaster.

    For both nostalgic and practical reasons I think the FAI must seriously consider bidding for dalymount and develop it as a stadium for both Bohemians and shelbourne (considering they too will be out on the arse) and youth international teams.

    I cant see anything else workin here

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    The FAI have enough trouble meeting their existing commitments never mind taking more on. Can't see them getting involved.

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    I think football in Ireland needs a civic trust of some sorts to take control on some of the grounds. Losing Dalyer to a property developer is actually unreal when you think about it. The Gerry's at Bohs have alot to answer for.
    The SFAI are the governing body for grassroots football in Ireland, not the FAI. Its success or the lack of is all down to them.

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    Quote Originally Posted by A face View Post
    Losing Dalyer to a property developer is actually unreal when you think about it. The Gerry's at Bohs have alot to answer for.
    To be fair, the concept of selling to a developer for a vast amount of money was not in itself a bad idea. I agree it will be sad if/when Dalyer goes, but these things happen, and Bohs just don't have the means to maintain a ground purely based on nostalgia or historical importance. The transaction to sell Dalyer could and should have been completed during the boom years, and if that had happened, and Bohs were now the proud owners of a modern all seater stadium, with a huge amount of cash in the bank, I don't think many would be looking back and saying that it was all a mistake.

    The mistakes lay in how it was all handled, which resulted in delays, court cases and ultimately it all collapsing. And of course the biggest mistake of all was spending money before they actually received it.

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    Quote Originally Posted by A face View Post
    I think football in Ireland needs a civic trust of some sorts to take control on some of the grounds. Losing Dalyer to a property developer is actually unreal when you think about it. The Gerry's at Bohs have alot to answer for.
    In some ways owning an asset is, or at least should be, a control on a club though. No just walking away from debts after an examinership process, which is open to clubs renting ground.

    And there wasn't anything really wrong with Bohs plan. It was more the upfront spending they did on the foot of it, which a more robust licencing system could and should be able to tackle.
    If you attack me with stupidity, I'll be forced to defend myself with sarcasm.

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    I remember when the deal with Liam Carroll was announced and thought that a shrewed Bohs would see it through now that they were set up forever. But of course the Irish mentality kicked in. A shame.

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    Quote Originally Posted by A face View Post
    I think football in Ireland needs a civic trust of some sorts to take control on some of the grounds. Losing Dalyer to a property developer is actually unreal when you think about it. The Gerry's at Bohs have alot to answer for.
    The Showgrounds is held in trust.

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    Quote Originally Posted by A face View Post
    I think football in Ireland needs a civic trust of some sorts to take control on some of the grounds. Losing Dalyer to a property developer is actually unreal when you think about it. The Gerry's at Bohs have alot to answer for.
    Who would make up the civic trust? Bohs have always been a members' club, and have always made their own decisions.
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    Quote Originally Posted by Dodge View Post
    Who would make up the civic trust? Bohs have always been a members' club, and have always made their own decisions.
    Actually, the membership structure at Bohs was probobly a factor in the amateur handling that mucked up the Danninger deal (and possibly Bohs future).

    Democracy not a lot of use if those elected withhold information and/or misuse authority (either deliberately or just through stupidly)

    Debate for another time but, trust me, membership structure can cause as many problems as it solves.

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    Quote Originally Posted by Dodge View Post
    Who would make up the civic trust?
    Well thats the thing, we dont have someone with huge amounts of money waiting in the wings. My thinking is that it should be an aspect of football that clubs dont have to worry about. Clubs should be allowed to focus on running clubs and developing players and staff etc. Having the added stress of losing the ground and more often than not the place where clubs are run from is detracting from the game.

    Who would make up the civic trust? Interested parties, stakeholders, it would take a bit of effort if it were just fans etc. but something like NLU would have to do it really, and they make a small percentage for the gates, fund raising and use this to take over the upkeep of the stadiums.

    Its obviously wishful thinking because we're miles away from being organised enough to implement something like that, i'm merely pointing it out and suggesting its something that is needed. So many clubs going to the wall and we lose the asset then.

    I always thought the idea of a Irish Celebs v Ex Irish Internationals would be a great annual fundraiser and something the trust could run each year in one of the grounds.
    Last edited by A face; 21/12/2011 at 10:07 AM.
    The SFAI are the governing body for grassroots football in Ireland, not the FAI. Its success or the lack of is all down to them.

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    Quote Originally Posted by A face View Post
    Who would make up the civic trust? Interested parties, stakeholders, it would take a bit of effort if it were just fans etc.
    But who vets these interested parties? PLayers reps? Chairman? Aren't these some of the peopel you hate having a say in Irish football

    So many clubs going to the wall and we lose the asset then.
    Bohs didn't lose an asset. They sold it (mulitple times) and wasted the proceeds

    Quote Originally Posted by marinobohs View Post
    Debate for another time but, trust me, membership structure can cause as many problems as it solves.
    That was exactly my point
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