The proposed stadium site is the field in
Diswellstown (
Oatfield) at the centre of
this map to the left of the
M50 West Link toll plaza.
The deal is worth c. €47M. New €21M 10,000 seater floodlit stadium with all ancillary facilities on the above site. Any cost overruns to be borne by the developer. €2M cash up front non refundable (even if the deal falls through). €1M p.a. refundable (if the deal falls through) while the development is ongoing and
Bohs remain resident in
Dalymount Park. €25M (less any cash payments to date) on vacation of
Dalyer and occupation of the new stadium. €1M bonus when the deal completes. There may be another €1M in there that I'm missing (€48M total). Ongoing maintenance of
Dalyer to be provided by the developer in the meantime. Rezoning (not
PP) for
Dalyer and
PP for the new site are obvious pre-requisites for the deal to go through.
If the deal falls through the
Bohs are €2M to the good which will clear their current debts with cash to spare. Staying in
Dalyer long term is simply not a realistic option unfortunately. It would cost millions just to correct the structural and health and safety problems that exist today never mind actually engage in any significant restructuring of the stadium.
Obviously prudential supervision (by the members and their elected board of management who are all part owners of the club) is necessary to ensure that the cash is managed in the most efficient way possible.
Bohemian FC is a membership based and democratically run football club. Anybody who is worried about how the club might spend the money is welcome to apply for [broken link removed] and have their say on matters. 86% of the members who voted on the rule change required to allow the board to pursue this deal said "yes".