Thursday 22 March 2018

Bohs back in hot water

JUST a day after they announced their new squad for this season, the financial clouds descended once again on Bohemians as they failed to pay the final amount due to the 2010 squad as scheduled, writes Ruaidhri O'Connor.

PFAI chief Stephen McGuinness last night described the players as "fuming" after the club was unable to meet the commitments outlined in the agreement reached last month.

The club have raised the funds needed to pay off the players through a loans scheme, but now the final transaction has been held up due to the intricacies of that scheme.

A number of members and supporters provided the Gypsies with five-year loans that are secured on Dalymount Park.

However, the final step in completing the paperwork with regard to those loans has been delayed by the government as they have a charge on the stadium through the issuing of sports capital grants.

The terms of the loan mean they cannot be completed and the money cannot be released until the loanees have first charge on the security of that loan -- the stadium.

The club have been told to expect a letter that will lift that charge by the Department of Tourism, Culture and Sport, but as of last night, it had not been received and the club remain in the dark about when it will arrive.

As a result, the money cannot be transferred to the players, who have not received the bulk of more than 12 weeks' wages.

Meanwhile, Galway United will tomorrow learn whether they can participate in the Airtricity League this season when their appeal is heard.

The Tribesmen were demoted from the Premier League to the 'A' Championship when they failed to meet the financial criteria needed to achieve a league licence.

United had not secured a tax clearance certificate and owed money to two footballing creditors.

They now have the certificate and have reached agreement with both creditors, which they believe clears the way for a licence to be granted.

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