Social

FacebookTwitter

How Matt Doherty’s Tottenham move will benefit Bohemians

Following a mega-million-pound move to Tottenham Hotspur in the summer transfer window, Bohemians will receive a large portion of a transfer sell-on clause from former player Matt Doherty.

Doherty spent only one season at Bohemians and earned a move to Wolverhampton Wanders in England in 2010. He was signed by former Ireland player and manager Mick McCarthy. 

Since the appointment of Nuno Espirito Santo to Wolverhampton in 2017, Doherty’s career has risen to the next level and subsequently earned him a move to top six Premier League side, earning 13 senior international caps for the Republic of Ireland along the way.

Doherty’s mobility and defensive qualities made him a standout player in his only season with Bohs, which allowed them to insert a sell- on clause in his contract worth over 10% of the transfer fee should the player move for big money in the future.

This clever business eventually came good this summer when news broke that Doherty would be making the move to Tottenham Hotspur from Wolverhampton for over £15 million. As a result, Bohs received over €1.7 million of the transfer fee.

The proposed redevelopment of Bohemian’s home ground Dalymount Park has been discussed for many years. The idea of the stadium redevelopment was imposed by Dublin City Council. 

The current site of Dalymount Park Credit: Christopher Windrum

The stadium is over 119 years old, with a current capacity of over 4,227. The new proposed redevelopment would see the stadium increase to a 6,000-seater ground. Funds have already been raised to begin the redevelopments, with the Department of Sport providing €918,750 to contribute to the project. The total project will cost over €34 million. 

Prior to the outbreak of Covid-19, the initial plan set out by Dublin City Council aimed to have the stadium completed by 2023 but this date is now unlikely.

It was only a decade ago that Bohs were in financial disarray and had over €6.7 million in debts. Over half of these debts were covered when Dalymount park was sold to Dublin City Council in 2015 for €3.8 million, who in return said they would begin the process of stadium redevelopment.

The financial gain the club will receive from the sale of Doherty will be most beneficial, allowing them to focus on the next stage in Dalymount’s redevelopment project while other finances are under control.

+ posts