Petition to wind up: Cork City Investment FC Ltd

[Dunny]

Colin Healy has gone to Ipswich for €70,000.

http://examiner.ie/sport/healy-completes-m...boys-97179.html (http://examiner.ie/sport/healy-completes-move-to-tractor-boys-97179.html)

Healy completes move to Tractor Boys

By John Riordan

Friday, July 24, 2009


COLIN HEALY last night signed a two-year deal with Roy Keane’s Ipswich Town and will be unveiled later this morning after moving to the Championship side for a reported €70,000 fee.

Healy had been speaking to Hartlepool United about a possible move before Ipswich stepped in on Tuesday to try and snatch the former Republic of Ireland international.

Healy who started his career at Celtic and went on to play for Sunderland, Livingston and Barnsley before joining his hometown club in 2007, had a trial with Ipswich in 2006.

After Sunday’s 2-0 friendly defeat at Turner’s Cross, Keane had dismissed suggestions he was still interested in the Leesiders’ star.

But he told local media in Ipswich yesterday that a strong central midfielder was needed in his squad.

"After the game I took stock and thought about what I need. I know he is a very good character and he will add a bit more steel to the spine of our team," Keane said.

"I have played against him a few times and know what he can do.

"He has played 20 or so games this season so he will be ready to come straight in and I look forward to him coming in."

[Ezeikial]

Irish Indepenent article:




By Neil Ahern
Friday July 24 2009

CORK City's players will not be subject to any wage cuts before next Monday's court hearing after owner Tom Coughlan pencilled in talks with PFAI General Secretary, Stephen McGuinness, for after the High Court date.
Having met the players on Monday, McGuinness came to an agreement with the squad that no pay negotiations will be done outside the remit of the players' union.
And the PFAI chief was contacted by Coughlan yesterday when they agreed to meet at the beginning of next week for talks over players' wages, after the court case in which the Revenue is petitioning for the club to be wound up.
As the club continues to raise funds and cut costs in order to keep the Revenue at bay, Colin Healy (above) was discussing personal terms ahead of a move to Ipswich yesterday.
Sean Kelly, meanwhile, was the latest player off the Cork City books yesterday as he made his loan deal to Galway United permanent.
Tom Coughlan was unavailable for comment yesterday.


http://www.independent.ie/sport/soccer/cork-wage-cuts-on-hold-as-coughlan-to-meet-pfai-chief-1838192.html

[roinuj]

€400k is a lot of money, but Cork regularly get crowds of around 4,000 so a ton each, and more from those who can afford it could be raised assuming FORAS then take over the club, sell everyone, and start again properly.

mostly made up of kid under 15,
how the hell are you supposed to ge a ton each off them?

[culloty82]

Hope City pull through, it'd be a shame to see one of the country's best supported clubs go to the wall, but between the Ipswich match and Healy's transfer you should be OK, depends on how the supporters trust works out. Don't expect any Kerry sympathy when your A team visits Sunday week though!:)

[sheao]

Hopefully TNB will go and FORAS will take over the club. We have had crisis after crisis at Cork City for the last few years and having the club in the hands of whom the club means the most to will benefit City the most. We will probably learn more of FORAS's intentions going foward after tomorrows agm.

[Umberside]

It's a pity Tom Coughlan turned out to be such a *******. I had real hope when he took over but started raising questions when the likes of Kuduzovic and O'Donnell signed.

[roinuj]

Hope City pull through, it'd be a shame to see one of the country's best supported clubs go to the wall, but between the Ipswich match and Healy's transfer you should be OK, depends on how the supporters trust works out. Don't expect any Kerry sympathy when your A team visits Sunday week though!:)

i dont think they got the turn out they were expecting for the ipswich match,
i think 25 quid was a bit much and put alot of people off.
whereas, waterford only charged 15 euro and a tenner for old age and kids and sold out the rsc.

[Dunny]

Does anyone actually believe CCFC will be wound up later today...??

[brianw82]

Does anyone actually believe CCFC will be wound up later today...??

No. If they hand over all that they've gotten for Behan, Healy and the Ipswich game, I think it'll get them 'another 2 weeks.'

[Ash]

Its got to the stage now where this whole CCFC to be wound up is a bit of a wind up

[Mr A]

CCFC should have enough to scrape by once again today. But if anyone can get them wound up it's Tom Coughlan. Even it best it's probably only delaying the problems unless a lot more cost cutting is performed.

Case listed for between 11 and 1 apparently.

[Dodge]

Packed court apparently. every LOI hack there

[Longfordian]

Monday is always crazy busy anyway and I think it's the last Monday of the court term so bound to be a lot of cases on. They'll scrape by no doubt but as has been said it's not hard to picture them in trouble again in a few months.

[Mr A]

Packed court apparently. every LOI hack there

Interesting.. and worrying for Cork that there may be a scent of blood in the water.

[Longfordian]

Talk on the Cork forum seems to be that they have 163k to offer the Revenue now and the rest in instalments. Wouldn't think that'll do it personally.

[pól-dcfc]

Talk on the Cork forum seems to be that they have 163k to offer the Revenue now and the rest in instalments. Wouldn't think that'll do it personally.

163k seems a bit low. Best of luck to Cork, but I'm not sure you'll make it if that's all the dosh you have to throw at the revenue.

[Rovers Maniac]

Were the revenue looking for half at least? I think they will just about do it !

[brianw82]

Half of 360K is 180K. 163K is just over 90% of what the Revenue are looking for. I think they'll get away with that.

[Mr A]

But they'll need to convince the revenue that the rest will be paid by instalments while meeting current commitments without a lot more cost-cutting. I can't really see them having a credible plan for that.

[Dodge]

Half of 360K is 180K. 163K is just over 90% of what the Revenue are looking for. I think they'll get away with that.

Well they're looking for it all, so they'll need more than just te 163k, they'll need some sort of plan to show they can pay the rest. They won't be having any more Ipswich friendlies for a while

[Longfordian]

Revenue will want very few instalments. Cork wanted monthly ones for 18 months or something last time which was not to the Revenue's liking obviously.

[Mr A]

Hard to blame them when TC has paid feck all since taking over the club. The man deserves jail for what he's done to CCFC.

[Mr A]

From CCFC forum:


96fm report: No agreement reached with Revenue.
At the mercy of the court.
Back in at 2pm.

From what I gathered from the last day it was either reach agreement or they're fecked. Still the judge really doesn't seem to want to wind them up so they may yet be ok.

[Longfordian]

Judge said the last day that if they didn't reach agreement she'd have no choice but to issue the order. Not a good situation.

[Mr A]

Odds on them getting another 2 weeks?

[Dodge]

Confirmed as no deal done.

Gone to "seond call"

Revenue seeking winding up order

[Longfordian]

They really have had enough chances and I don't mean to sound like I want them to go out of business but you have to call a halt some time.

[sligoman]

Looking forward to 2pm, they've got enough chances. I hope the judge makes the right decision.

[Black and White]

FAI will bail them out somehow!They wouldnt want their beloved Cork going bust, they abrely imposed any penalties on them last season and look what happens straight away this season, same crap!

[eamo1]

They really cant complain if they do go.Judge said last time that the important social aspect of the club was what saved them 2 weeks ago,that reason wont fly today.Fingers crossed for them though,i genuinely hope they dont go.IF they do then as a Galway utd fan we will see them in the A championship next season.:(

[pineapple stu]

they barely imposed any penalties on them last season
In fairness, the ten points they were deducted cost them European and Setanta spots, which would be worth a few quid.

[John83]

FAI will bail them out somehow!...
No. If a winding up order is issued, they're gone. The only thing the FAI could do is facilitate a new Cork club.

[roinuj]

i have a bad feeling they will fold but will come back next season under another new name.
wonder what they will call themselfs now,

they cant use
alberts
united
celtic
evergreen
hibs

hows about cork town :D

[John83]

i have a bad feeling they will fold but will come back next season under another new name.
wonder what they will call themselfs now,

they cant use
alberts
united
celtic
evergreen
hibs

hows about cork town :D
This is Cork City II. I'm sure they can recycle one of the others if they like.

[pineapple stu]

Cork City III, I think. One in the 1938-39, and they went bust in 1994 too.

[De Town]

Continuity Cork FC maybe?

[SunnySweeney]

i have a bad feeling they will fold but will come back next season under another new name.
wonder what they will call themselfs now,

they cant use
alberts
united
celtic
evergreen
hibs

hows about cork town :D

I wouldn't bet against that. BTW did your mother ever tell you that 'mocking is catching'

[-lamb-]

discontinuity cork fc may suit better ;)

[Longfordian]

FC City of Cork.

[Dodge]

I reckon the cork name debate has come up at least 6 times in this thread, and countless other times too.

[jinxy lilywhite]

i have a bad feeling they will fold but will come back next season under another new name.
wonder what they will call themselfs now,

they cant use
alberts
united
celtic
evergreen
hibs

hows about cork town :D

what about Langers or Revenue.


Sincerely hope Cork can pull through but this has gone on way too long and something needs to be done to tell the rest of the clubs out there that this madness can't go on

[Partizan]

No. If a winding up order is issued, they're gone. The only thing the FAI could do is facilitate a new Cork club.

That would be the best and most logical approach of action that should be taken. Keeping CCFC alive is the equivalent of flogging a dead horse at this stage. Say the Revenue accept the €163K, what then? How will the pay the players for the end of the month? How will they pay the Revenue for the rest of the outstanding taxes owed to them. CCFC will be back to owing €400k again in no time. Of course Cork should not have been in this position had they traded responsibly and cut their costs accordingly. However they chose to continue trading recklessly and spending money that they did not have.

Justice Laffoy should take the correct course of action and issue the liquidation proceedings on behalf of the Revenue. FORAS could then step in and set up a new Cork club in which the FAI would gladly facilitate them. Under no circumstances should CCFC be bailed out. There should be no reward for cheating and irresponsible trading.

[James]

nervous as hell here waiting for news from the courts
vibes about the place from people ive talked to down here is v pesimistic


looks like we might be gone!

[Rovers Maniac]

nervous as hell here waiting for news from the courts
vibes about the place from people ive talked to down here is v pesimistic


looks like we might be gone!

Good luck i hope you pull through, i would hate to see any football fan lose his/her football club !

[Kildareman]

Whatever the outcome the FAI will support football in Cork, so long as its not Cobh. Where was the help when they needed it? Which was somewhat unusual as they are also in Munster.

[James]

been supporting city for about 18-19 years
doubt i could transfer that passion to just another / the next cork club :(

[Ezeikial]

Justice Laffoy should take the correct course of action and issue the liquidation proceedings on behalf of the Revenue. FORAS could then step in and set up a new Cork club in which the FAI would gladly facilitate them. Under no circumstances should CCFC be bailed out. There should be no reward for cheating and irresponsible trading.

Unpalatable as it may be in the short term for Cork City supporters, the demise of the current regime is surely inevitable. Perhaps the most significant impact of any court ruling today is whether the new Cork phoenix starts from the A Championship or retains the current Cork City premier spot. If the club could comehow limp to seasons-end perhaps the latter would be more feasible.

[razor]

Looking forward to 2pm, they've got enough chances. I hope the judge makes the right decision.You're right we've had enough chances.
The problem being Coughlan and his inability to run a club properly. He has to go. Otherwise it'll be same old story next month.

i'm not hopeful, 25 years down the tubes cos Tommy is a shyster.:mad:

[Hairy Bowsie]

Someone has to be held accountable for letting Coughlan take over. I've no love lost for Cork and firmly believe they should be wound up but the circumstances of which are terrible. Coughlan shouldn't have been alllowed near them.

[James]

dont we have the examiner to blame for that though, the Coughlan part of it!