Bohemians will invest their slice of Matt Doherty's transfer fee from Wolves to Tottenham into a new training base at Dublin City University.
The League of Ireland side earned an estimated €1.7m when their former full-back switched clubs last summer, due to a 10% sell-on clause negotiated when they sold him to Wolves for €80,000 in 2010.
Bohs plan to invest €1.5m of that over the course of an 18-year lease at the DCU Sports Campus on the Ballymun Road, including building a gym, an all-weather football training pitch, meeting rooms and offices.
The club said they will work closely with the university to "further develop what is already a world-class facility", which will also continue to be used by Dublin GAA and other community groups.
They had previously trained at TU Dublin's Blanchardstown campus.
"We have a strategic plan as a club, and I suppose what the Matt Doherty money enabled us to do was speed up this process," said the club's Chief Operation Officer Daniel Lambert.
"It allowed us to move forward with confidence, especially with the impact of Covid on crowds. If that hadn't have happened, this is something that would hopefully have occurred but it may have been two to three years away."
Bohemians and DCU said that they believe the partnership "will leave deep and lasting connections in football, social inclusion, social outreach and academic programme collaboration".
"It brings us into a high-performance environment," manager Keith Long told RTÉ Sport.
"We've got access to a high-performance gym and first-class facilities for the players.
"We're looking forward to working with (DCU Sport chief executive) Ken Robinson and his staff and the players are excited that we're moving into a new environment.
"We want to try and push the envelope with the team this year and try to improve all aspects of the club.
"This is a really positive step for us."
"We want to try and compete and challenge for silverware, there's no doubt about that"
Bohs were second last season after a third-placed finish the year before. Ahead of their first game of the 2021 season against Finn Harps next week, what are Long's hopes for the campaign?
"We want to try and compete and challenge for silverware, there's no doubt about that," he said.
"We've progressed over the last couple of years to a position where we've qualified for Europe back to back.
"We want to try to continue to improve.
"We're no illusion that things are going to be very difficult again this year. The competition is always tough. We probably surprised people in a shortened season that we sandwiched Dundalk and Shamrock Rovers.
"But we also have to recognise that we have nine new players and lost a lot of key players last year.
"It will take a little bit of time for those players to bed in and we need to be patient."