Sport Soccer

Wednesday 27 August 2014

Gypsies' race against time

Bohs battle to sort out redundancies before licence deadline

Daniel McDonnell

Published 23/11/2010 | 05:00

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CONTRACTED Bohemians players will receive one week's wages today, but the Dubliners remain engaged in a race against time to agree redundancy packages after making progress with respect to their tax bill.

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The troubled Gypsies last night confirmed that they have made a payment to the Revenue Commissioners for the amount due in October.

"Donations from members and fans and the fundraising efforts of all connected with the club has made this possible," said the statement.

Bohs have raised over €100,000 since revealing they required in or around €300,000 by the end of November to maintain their Premier Division licence.

A Revenue bill of €105,000 was the most pressing concern; the remaining €200,000 comprises outstanding wages and the estimated immediate cost of paying off eight players with a year left in their deals.

Those individuals will receive their first money in almost a month today as a sign of good faith. However, they are still waiting for suitable offers to sever their ties with the 2008 and 2009 League of Ireland champions. If a payment structure can be agreed, then Bohs will make it past next week's licensing deadline.

Youngsters Paddy Madden, Marc Hughes and Aaron Greene have been paid up to date as Bohs believe they have a sell-on value -- if they went weeks without payment, they could walk away for nothing, citing a breach of contract.

Fans have organised a series of initiatives to bring in cash, with Roddy Collins' league-winning medal from the 2000/01 season -- when he managed the club to the double -- raising €2,500 on Saturday night, when approximately €20,000 was generated at a special event in Dalymount Park.

Bohemians are looking for members to take out loans to allow them to progress the situation with the players.

"The club is working towards meeting its obligations and fundraising efforts will continue with a view towards achieving this," continued last night's statement.

"The board of directors want to record their sincere thanks for the way in which those within the club and indeed from outside have united behind the challenges of recent weeks."

"This is a first major step in overcoming our short-term cash-flow difficulties and everybody at Bohemians realises the size of the challenge.

"Redoubling our commitment to fundraising and support will ensure we can make the next step."

Irish Independent

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