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

[pineapple stu]

You'll remember they were docked all the points (8) that they had at the time, setting a precedent for docking Longford six points two years later.

Rumour on the Cork forum is that the "mystery loaner" - allegedly a married couple going under the name Frank And Irene - will allow the gate receipts from the Celtic friendly to pay this month's wages and the Farrelly bill, meaning Cork would be in debt to Frank And Irene to the tune of roughly the whole loan amount. And all this would come out of future prize money, and there's still two months of the season to go.

Only a rumour, obviously. But it's believable.

[thischarmingman]

the "mystery loaner" - allegedly a married couple going under the name Frank And Irene - will allow the gate receipts from the Celtic friendly to pay this month's wages and the Farrelly bill, meaning Cork would be in debt to Frank And Irene to the tune of roughly the whole loan amount. And all this would come out of future prize money, and there's still two months of the season to go.

Only a rumour, obviously. But it's believable.

I'd imagine that would be filed under "Sound Business Plan" in more than a few boardrooms in Ireland.

[Schumi]

Are the FAI not taking the Celtic money?

[pineapple stu]

Read over my post and watch me wink when I say Frank And Irene...

[Schumi]

Read over my post and watch me wink when I say Frank And Irene...

I should read more closely.

It probably makes sense to these mystery people as they're more likely to get their money back if the club keeps going.

[Sam_Heggy]

Are the FAI not taking the Celtic money?

Key is in the capital A in Frank And Irene.

It will be interesting to hear Cobh fans' take on it all.

[tiktok]

Read over my post and watch me wink when I say Frank And Irene...

I can't believe that it needed explanation

[Schumi]

I can't believe that it needed explanation

Me neither.

[passerrby]

Im lead to believe that frank is building a new house so his family would not be happy with him lending out money to there poor relations down the road .
on a more personnel note ive heard irene is playing away from home

[marty]

As a Cobh fan its fairly pityfull watching City down the years run themselves into mess after mess,the city has potential for a big club but need assets and thats their sticky point and it dont look like changing any time soon.If this latest story is true its sad on the players and staff at Cobh who got no such help and rightly so.

[marinobohs]

You'll remember they were docked all the points (8) that they had at the time, setting a precedent for docking Longford six points two years later.

Rumour on the Cork forum is that the "mystery loaner" - allegedly a married couple going under the name Frank And Irene - will allow the gate receipts from the Celtic friendly to pay this month's wages and the Farrelly bill, meaning Cork would be in debt to Frank And Irene to the tune of roughly the whole loan amount. And all this would come out of future prize money, and there's still two months of the season to go.

Only a rumour, obviously. But it's believable.

If this were true would they not run into trouble under european rules for directly funding a club ? Not that I could see FIFA even glancing in the direction of the LOI.
if this latest plan is based on prize money Cork will soon have to win the Champions League (with a team of part time farmers from Midleton )

[A N Mouse]

Im lead to believe that frank is building a new house so his family would not be happy with him lending out money to there poor relations down the road .
on a more personnel note ive heard irene is playing away from home

I heard Frank was getting a load of money from Mary, his bit on the side, who recently started at the BOI.

[Magicme]

That would be some slap in the face.

[tippex]

if it was true that frank and irene bailed out cork in this way would this not go totally aganst the rules etc and the participation agreement.
Also would there not be issues with other clubs and possible court action etc?

I'm making assumptions here as I have not seen the licensing documents nor the participation agreements (although I wonder if Frank And Irene have seen these either)

[SkStu]

anyone for fudge?