herald

Wednesday 13 December 2017

Bohemian FC's balance sheet was insolvent in 2012, following a valuation of home ground Dalymount Park.

Bohemian FC's balance sheet was insolvent in 2012, following a valuation of home ground Dalymount Park.

The net deficit in the balance sheet was just over €2m at that point, but the accounts said the club's banker, Zurich, was aware of the situation.

A spokesperson said a current valuation of the club's grounds would come out higher than the 2012 figure of €4m to €4.5m.

He said a recent sale in the area managed to attract around €6m and estimated that the club was operating on one-fifth of the budget that it had been operating on five years ago.

"We are now hitting the targets that we set of breaking even," he said.

The club won the Premier League in 2009, but missed out in 2010, which had a negative impact on the number of people through the gates.

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