Bohs survive as FAI step in to help broker deal with unpaid players
BOHEMIANS look to have staved off the prospect of being wound up in court and are expected to pay the outstanding wages owed to players Brian Shelley and Steven Gray today.
The Phibsborough club are believed to be on the cusp of reaching agreement with their contracted players after a weekend of intensive negotiations between the club, the PFAI and the FAI that look to have brought the 2008 and '09 champions back from the brink.
The Bohs board met last night to discuss the deal which would see the remaining contracted players accept a settlement in exchange for the termination of their contracts. The players have not been paid since November, but will receive their unpaid wages as part of the deal.
Gray and Shelley had forced the issue to this resolution by taking the club to court with a winding up order. The duo were due to be backed by their team-mates at a press conference in Abbotstown last week, but the intervention of FAI CEO John Delaney sparked a new round of negotiations that look to have resulted in agreement.
The association are believed to be financially involved in the settlement and, while it is as yet unclear how much of their 2011 wages the players will receive as part of the agreement, the majority of players have told the club they will accept the 13 weeks' pay severance agreement offered.
The Gypsies raised the cash needed to fund the redundancy package with loans from members and other investors, but the club insisted all along that, under the terms of the loans, the cash could only be released if an agreement could be put in place with all players.