bad day for eircom league

[ildanach]

First a betting scandel involving suspected irregular betting patterns around St Patricks Athletic fixures and now  Bohemians facing a major financial crisis. They  lost their High Court case relating to the sale of Dalymount Park.

[The Wedger]

Bohs look in big trouble here.
They might have to pay back €2 milllion in payments received in advance of the land deal.
LOI soccer is really screwed!

[Lecale2]

What is this story about Bohemians?

[The Wedger]

Bohs dealt a blow by court decision

November 7, 2008

Bohemians' hopes of completing the sale of their Dalymount Park to a property developer have been dealt a major blow following a High Court decision on Friday.

A legal dispute between the club and a firm called Albion, which is responsible for the adjacent Phibsboro Shopping Centre complex, went against Bohs in the High Court.

Announcing his decision, Mr Justice John Edwards issued a thinly veiled criticism of Bohemians over payments received from Albion before the dispute arose over ownership of a plot of land.

Bohs had claimed that the transfer of ownership to Albion had not been concluded, despite the receipt of payments totalling more than €1m, but the judge decreed that Albion had rights to the land.

The decision has far-reaching ramifications for the club's hopes of finalising the multi-million-euro sale of Dalymount Park for redevelopment, which had been agreed with developer Liam Carroll pending the outcome of the legal action.

Under the sale agreement, Bohs would receive €38m in addition to a new 10,000-seater stadium, which was planned for Harristown close to Dublin airport.

[Main Street]

First a betting scandel involving suspected irregular betting patterns around St Patricks Athletic fixures and now .

It is not a betting scandal, only an investigation into suspected irregular betting patterns.
You have to wait until the investigation is done where it is determined if there is enough proof.
Did the Daily Mail break the story?

What is this story about Bohemians?

Complicated.
Roughly Bohs had a verbal deal on one part of Dalymount, to investor A and took money €1m?
But Bohs were still the legal owner.
Bohes tried to sell to somebody else, investor B.

Investor A cried foul.
Would not budge not even with offer to return money.

Judge rules that Investor A has enough evidence to prove beneficiary interest.
Bohs in a bind, speculators boom is over.
They have borrowed heavy this year to put together a league winning team.