Bohemians confirms financial difficulties

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The Eircom League club is experiencing serious cash flow problems and they also owe the Inland Revenue more than EU 500,000 but deny their bank account has been frozen owing to their outstanding tax liability. The club’s debts are believed to exceed the EU 2m but are due EU 750,000 in compensation from a builder who apparently wants to renege on an agreement to build a stand at one end of the club’s Dalymount Park ground.

The club is also renegotiating the lease for the car park positioned inside the stadium which could see annual income double from that particular revenue stream to almost EU 350,000. Thee financial difficulties are being exacerbated by the fact that the club’s average crowd this year is down by almost 500 fans per home game.

Gerry Cuffe, the club’s secretary, revealed in media: “We are at a delicate stage of negotiations with the Inland Revenue, but our accounts have certainly not been frozen”.