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

[blue til i die]

Statement on CCFC website:

CORK CITY FC is pleased to confirm that, as per the commitment made in the High Court on Friday last, it has settled its outstanding tax liability with the revenue commissioners in full.

The club will issue a more detailed statement in due course.

[sligoman]

Raging.

[kkontour]

a bit on rte website now
http://www.rte.ie/sport/soccer/2009/0805/corkcity.html

[prince20]

Raging.

Bet you are...do you still think the players are free agents

[blue til i die]

Okay the revenue are paid, what about the players??

[Dodge]

Okay the revenue are paid, what about the players??

He should release them all, and pay their back money when he can

[eamo1]

Errortel.

Piece on Errortel about it.
http://www.rte.ie/aertel/221-01.html

As has been said already see you all back here in 2 or 3 months,same thread,different date,same outcome????

[White Horse]

He should release them all, and pay their back money when he can

I trust he will remember this time that there is a tax implication to back pay.

[Mr A]

Yep- so players already owed 180k back wages (Based on 120k monthly figure in papers and 6 weeks behind). Plus tax on top of that.

So with a bunch of prize-money and sponsorship already used there's most likely over 200k owed, before any other creditors are considered.

The battle may be won, but the course of the war still isn't looking good for CCFC.

[John83]

Yep- so players already owed 180k back wages (Based on 120k monthly figure in papers and 6 weeks behind). Plus tax on top of that.

So with a bunch of prize-money and sponsorship already used there's most likely over 200k owed, before any other creditors are considered.

The battle may be won, but the course of the war still isn't looking good for CCFC.

They're paid monthly, but are two weeks overdue. Whatever hack journalist who wrote 6 weeks unpaid needs a good beating. That means that €120k is owed, with the same bill coming again in a few weeks.

But, yes, Cork limp on.

[thischarmingman]

The battle may be won, but the course of the war still isn't looking good for CCFC.

That means that €120k is owed, with the same bill coming again in a few weeks.

This.

[eamo1]

Wow.

When its put like that with 200k STILL owed then you'd have to wonder why the plug wasnt pulled last Friday.It's just prolonging the agony.The only way they can possibily get out of that hole is put out a youth team for the rest of the season.How are the Cork players getting by having not been paid for 6 weeks??

[Schumi]

He should release them all, and pay their back money when he can

Can they get a new club outside the transfer window?

[John83]

....How are the Cork players getting by having not been paid for 6 weeks??

I fear for this country. I really do.

[Real ale Madrid]

Feels like jumping out of an electric chair onto a sinking ship.