Financial Survey of Clubs

**WoodquayBoy** · 07/08/2008, 9:46 AM

The Indo sports section carries a financial survey of the 22 league clubs today and accompanying article with headline'cash lunacy plunging league into darkness'.
Link: http://www.independent.ie/sport/socc...s-1448242.html

**finnpark** · 07/08/2008, 10:01 AM

Originally Posted by WoodquayBoy

The Indo sports section carries a financial survey of the 22 league clubs today and accompanying article with headline'cash lunacy plunging league into darkness'.
Link: http://www.independent.ie/sport/socc...s-1448242.html

The guy thats buying Bohs' stadium is Liam Carroll. He recently was in the papers for losing €20M in Aer Lingus shares.

Nearly every property development company has gone bust in this country, I just think that there is a good chance of the Dalymount deal breaking down. I know there are contracts signed but those contracts become worthless if the company that signed them is no longer trading.

I hope this deal still goes through but I would have my doubts that Bohs will ever be able to sell that stadium in the short term.

**bohs til i die** · 07/08/2008, 10:11 AM

Originally Posted by finnpark

The guy thats buying Bohs' stadium is Liam Carroll. He recently was in the papers for losing �20M in Aer Lingus shares.

Nearly every property development company has gone bust in this country, I just think that there is a good chance of the Dalymount deal breaking down. I know there are contracts signed but those contracts become worthless if the company that signed them is no longer trading.

I hope this deal still goes through but I would have my doubts that Bohs will ever be able to sell that stadium in the short term.

Contract is not signed

**Dodge** · 07/08/2008, 10:16 AM

Originally Posted by finnpark

Nearly every property development company has gone bust in this country

Thats total ********

**finnpark** · 07/08/2008, 10:40 AM

Originally Posted by Dodge

Thats total ********

Is it really. There is 0 activity in that market so I can't see how they can survive

**monutdfc** · 07/08/2008, 10:40 AM

Originally Posted by bohs til i die

Contract is not signed

well then it won't be now.

**Dodge** · 07/08/2008, 10:46 AM

Originally Posted by finnpark

Is it really. There is 0 activity in that market so I can't see how they can survive

Do you honestly believe there isn't a single thing being built at the moment. Sure there's a downturn but stuff still needs to get built, and its ridiculous to say "Nearly every property development company has gone bust in this country"

**galwayhoop** · 07/08/2008, 10:53 AM

Originally Posted by Dodge

Do you honestly believe there isn't a single thing being built at the moment.

there is very, very little action in this sector. less than 10% of this time last year. i would imagine the only things being built are existing projects. to be devils advocate there are no (or so few as to register) new medium to large construction projects commencing.

Originally Posted by Dodge

and its ridiculous to say "Nearly every property development company has gone bust in this country"

agreed. however most construction / development companies in an effort to ride out the current situation and save from going to the wall are down to skeleton staff, have shed most of their workforce and vastly reduced all overheads (including marketing and sponsorship), real tighten the belt stuff.

**gufct** · 07/08/2008, 11:10 AM

Originally Posted by galwayhoop

there is very, very little action in this sector. less than 10% of this time last year. i would imagine the only things being built are existing projects. to be devils advocate there are no (or so few as to register) new medium to large construction projects commencing.

agreed. however most construction / development companies in an effort to ride out the current situation and save from going to the wall are down to skeleton staff, have shed most of their workforce and vastly reduced all overheads (including marketing and sponsorship), real tighten the belt stuff.

The development sector is under severe financial pressure from all the banks and even the biggest ones in the country are sitting on properties and land banks which have almost halved in valuation in the last 2 years. The commercial sector has also hit the skids big time countrywide and after coming back from the USA after a 3 week holiday I can tell you its worse over there.

The backers of Drogheda and St. Pats are property developers while Bohs are spending money they mighnt ever get so a lot of what is in this and other articles is true.

garyderry · 07/08/2008, 11:42 AM

Originally Posted by Dodge

Do you honestly believe there isn't a single thing being built at the moment. Sure there's a downturn but stuff still needs to get built, and its ridiculous to say "Nearly every property development company has gone bust in this country"

There on another planet up there in Donegal dodge

Plenty of building around Dublin, and plenty of developers making money
especially inside the canal where Dalymount is.

**sligoman** · 07/08/2008, 11:54 AM

Average crowd figures are wrong in it.

**jebus** · 07/08/2008, 12:00 PM

Originally Posted by sligoman

Average crowd figures are wrong in it.

Thought that alright, article isn't as bad a hatchet job as I would have expected though, espcially as I think Drury and his goons were behind it

**Dodge** · 07/08/2008, 12:21 PM

Originally Posted by sligoman

Average crowd figures are wrong in it.

As are turnover figures. A whole apssage on the wages is lifted from a post by charliesboots on this forum during the week

**jinxy lilywhite** · 07/08/2008, 12:27 PM

Stats and figures generally can be used to argue any case. The article isn't saying anything that we don't already know.
The attendence figures have been pointed out to be incorrect but the actual figures are low too.

in relation to the recession just because the papers say its a recession doesn't actually mean that there is a recession. Development has slowed down but there is still growth in the economy. Its very low but there is still growth.

**John83** · 07/08/2008, 12:32 PM

Originally Posted by finnpark

... Nearly every property development company has gone bust in this country...

That's just wrong. Many of them are sitting on their assets and cutting back on building, but I've yet to hear of one actually going to the wall, and my whole family is in the industry. I think that maybe you don't understand what 'bust' actually means.

**red bellied** · 07/08/2008, 12:33 PM

Is the financial survey in the same link, the facts and figures part?

**gspain** · 07/08/2008, 12:37 PM

Originally Posted by jinxy lilywhite

Stats and figures generally can be used to argue any case. The article isn't saying anything that we don't already know.
.

I think I counted 46 unknows - thrown in a few unavailables and a lot of "approx". The article doesn't seem to know anything except it was a good day to do a hatchet job on the league without any facts. The only backpage football story is some Bohs director I've never heard of leaving the club. It's not as if the premiership or scottish champions were within an inch of knocking out Dynamo Kiev - now that would have made the backpage.

I don't know Daniel but I do know he is a football fan so he is just following somebody else's agenda to do a hatchet job on the league.

**jinxy lilywhite** · 07/08/2008, 12:42 PM

Originally Posted by John83

That's just wrong. Many of them are sitting on their assets and cutting back on building, but I've yet to hear of one actually going to the wall, and my whole family is in the industry. I think that maybe you don't understand what 'bust' actually means.

The amount of companies going for voluntary liquidation is up 150% on last year.