Cork City denied a licence; club to be wound up; FORAS to enter First Division

[KianD]

I assume it's the prize money for 10th in the premier. If Cork don't last the season, there'll be no one else elligible for it anyway.

How much is that again? Its only low tens of thousands I thought?

[brianw82]

Was away all afternoon so didn't see all this as it happened. Seems to have been an extraordinary day even by CCFC standards.

From what I can gather, even IF they survive again come next Thursday, they're going to spend the rest of the season sprinting just to stand still as far as cash flow is concerned. Not to mention where on earth they're going to find the remaining 239K by then!

[Longfordian]

Alan Mathews' court case is still on the horizon as well. Another potential six figure liability there.

[brianw82]

Alan Mathews' court case is still on the horizon as well. Another potential six figure liability there.

With the future of the club at stake, would there be a chance that Matthews will drop the case?

[De Town]

With the future of the club at stake, would there be a chance that Matthews will drop the case?

Hardly if there's possibly a six figure sum at stake.

[Longfordian]

Certainly not if Tom Coughlan is still there. That's for damn sure. Even if he wasn't, I'd highly doubt it. He may settle it I suppose.

[marinobohs]

Was away all afternoon so didn't see all this as it happened. Seems to have been an extraordinary day even by CCFC standards.

From what I can gather, even IF they survive again come next Thursday, they're going to spend the rest of the season sprinting just to stand still as far as cash flow is concerned. Not to mention where on earth they're going to find the remaining 239K by then!

and i thought supporting Bohs was nerve wracking ! Congrats to Cork and hope they can shore things up to see out the season

[Rob_the_cat]

FFS, Kilkenny left the league because Jim Ratigan was sick and no one else could shoulder the burden he had been carrying for the club. They did not fold over money.

Nail on the head, as hinted at in their thread, there was no backup there for Jimmy to pass the mantle on to. As it happened (I think it was Ian Kehoe of the Business Post who spoke about this at the time) the FAI were very good to the directors of the club who stood to incur personal losses over the debt which was there. I believe the costs were met to enable Buckley Park to be kept for Irish football. Kudos to the FAI on that one. Although not to Fran Gavin who expressed glee at their exit to be replaced by SF.

The only place that Shels were RRS was in their relegation. I know that Dermot Keely had to pull a squad together practically over a weekend so they wouldn't have been at the races for the first half of the season, but Alan Matthews managed to weather a similar storm this season. I felt at the time that the FAI should have been more understanding of their plight.

[Joseph McSweene]

that was the start of the debt ye built up.
so ye did buy the league.
as did drogheda, shels, and bohs in the past.
living beyond your means.

bunch a morons running your club.

Not quite true, in fact we cut our wage bill going into the 2005 season and I believe reduced it again going into the 2006 season-this would be when Brian Lennox was our chairman and we were run correctly. At the time Brian stood aside because he could not financially run us as a full-time venture anymore and Arkaga (well Jim little first, then Arkaga) took over. That's when we started going crazy with our outgoings-bringing in players on high wages, silly bonuses, bringing in ticket scan and increasing security costs, hiring more full-time staff off the field, sacking managers left right and centre, etc. I think the point where we starting buying success wasn't our League win but our Cup win sadly....the signs were already there at that point.

Just to clarify mind.

[tallaghtfornia]

Taken from rovers forum and is spot on;

I still cant believe how Coughlan and the Langers believe they will pay by wednesday and its happy days from there on in!!!

They will have used next years prize money and sponsorship by next week and are still struggling to pay wages.

As for FORAS they should hang their heads this morning!!! All this bull**** about "wanting the best for their club but Coughlan wont budge" ****e really dont wash anymore!! YOU SHOULD HAVE WENT TO COURT AND STOOD WITH THE REVENUE WHEN THEY LOOKED FOR THE WINDING UP ORDER!!!!!

THe FAI beggar belief, letting a team use income, prizemoney and sponsorship from the future is a shambles. I also think that Cork will be allowed use the above mentioned funds in next years budget to make everything look "fine and dandy".

Should Cork make it to the end of the season they should be relegated immediately as they will have no prizemoney to live off, no sponsorship to live off and will have another tax/wage bill left unpaid. NO CHANCE OF A LICENSE!!!!

[SunnySweeney]

http://www.youtube.com/watch?v=uAb6mFXnhAk

City fans (outside the club shop in town) get the good news before the game.

[roinuj]

http://www.youtube.com/watch?v=uAb6mFXnhAk

City fans (outside the club shop in town) get the good news before the game.

whos the fella wareing the waterford united shirt

[roinuj]

With the future of the club at stake, would there be a chance that Matthews will drop the case?

i hope not,
the man was shafted and deserves every penny he can get out of them.

[brianw82]

i hope not,
the man was shafted and deserves every penny he can get out of them.

No question about that, but if he wins his case and it possibly puts 40+ people out of work...

Just saying that there's possibly a greater good here.

[Longfordian]

He may agree to take a payment schedule I don't know but from what I've heard he's not going to waive his entitlement to the money if it's proven that he is entitled. Given Tom's track record I know where my money would be going in that case. Tom should have thought of that before he sacked him in fairness.