How people can accuse the revenue of being harsh here I don't know. It's tough for Cork fans obviously and I wouldn't like it to happen to my club but it's Cork's/Coughlan's own fault and the right decision has been made here in my opinion.
How people can accuse the revenue of being harsh here I don't know. It's tough for Cork fans obviously and I wouldn't like it to happen to my club but it's Cork's/Coughlan's own fault and the right decision has been made here in my opinion.
Any chance CCFC could have all the money at the Supreme court and be allowed to stay in existence?
Thanks, thought this was the obvious answer - tx you put it better than i couldQuote:
Originally Posted by Sheridan
Revenue haven't accommodated anyone in the last couple of months though. Times have very definitely changed
Appeals to the supreme court are on points of law. The issue of money is now irrelevent. This is on the assumption that the High Cout have made a winding up order as reported by Newstalk.Quote:
Originally Posted by kingdomkerry
sure cork have put a very good offer on the table and with the celtic friendly money coming in after. fair enough if they put a crappy offer to them but its way to harsh. Yes its late and all but putting them out of business for what. looks like they would get there money.Quote:
Originally Posted by sligoman
So what is it that Cork are appealing? Surely they can only appeal the decision to issue the winding up order last Monday that would come into effect unless the Revenue agreed a deal with CCFC. They cannot appeal the decision today by the revenue.
Since that judgement on Monday was very generous to CCFC I can't see what they hope to gain to be honest. On the day Coughlan had feck all to offer and the decision was undoubtedly correct. Messy, strange and horrible situation for all involved.
surely the Supreem court cannot force revenue to accept anything? Its not examinership. Perhaps some legal eagles on here can provide some thoughts on what angle Cork may be looking at?
Sheridan - spare us the misty-eyed class rhetoric. Football is far from the preserve of "working people" these days, and the Revenue's decision is not the latest salvo in some some sort of ideological or class war.... :oQuote:
Originally Posted by Sheridan
Very bad news re Cork, but I agree with those who say that the Revenue is not the villain here. Coughlan shouldn't have been playing brinkmanship with people who are bigger and stronger than him. It'sx just unfortunate that Cork are the victims here, not him.
All sympathies to Cork and there fans..
Was a fantastic club..sad for the cork area...Hopefully the people of cork get a club back up and running..What is the biggest club in the Munstet these days,,Waterford or liMerick now:o
would they have a good chance at the the supreme with whats seems to us as a very good offer to stay in business would u say?Quote:
Originally Posted by Dodge
You can't seriously believe that the Revenue and, for that matter, the CAB couldn't raise a decent chunk of the budget deficit from the country's top earners if they weren't politically constrained from doing so.Quote:
Originally Posted by Dodge
If the issue was Coughlan, Coughlan would be gone or the FAI would have let them hang.
The Revenue's role is not just to look at the short-term money, but also the big picture.Quote:
Originally Posted by Duggie
It's widely acknowledged that the LOI has been a messer's paradise for decades in tax terms, and it's also widely acknowledged that the Revenue has the league in its sights these days because of that. In taking their stance here, the Revenue have to consider not just the short burst of money they'd get if they let Cork limp on, but also the likelihood of Cork being a viable entity afterwards (and therefore not being back in square one a few months later).
And the Revenue also need to consider the league-wide picture. It's been known that they want the league cleaned-up, yet we all know there's still financial shenanigans happening left, right and centre. So sticking to their guns on Cork City is probably their way of sending a warning to all other clubs as well, which is arguably more important that collecting a bit of money off Cork and then having to hound every other club continuously.
Harsh on City - yes ; but it would be a stance the Revenue would be entitled to take. And the bottom line is that it's not their fault Cork got themselves where they did, and not their responsibility to rescue them either.
Has he not written off 700k of his own money? Whatever stupid decisions he made once he got control of the club, would the club not have gone under a lot earlier had he not got involved?Quote:
Originally Posted by dcfcsteve
He has in his arse put in 700k!
Club Statement:
Quote:
On behalf of Cork City FC, we wish to confirm our decision to appeal the decision made by the revenue commssioners not to accept the proposal put forward in the High Court this morning.
It is our intention to seek a stay on the order for leave to appeal to the supreme court. During this period we will settle our outstanding liability in full.
We believe that our proposal demonstrates not just our commitment but also our ability to settle our liability in full in the short term. In addition to this, under the guidance of the Quintas Group we now have a sustainable business model which will protect jobs and ensure that a similar situation will not arise going forward.
We have a big match tonight against Bray Wanderers at Turner's Cross, so we are looking forward to getting back to football and hope to see the Rebel Army there in big numbers
It is appropriate that we take this opportunity to thank all of those who have rallied behind the cause and demonstrated their support in recent times. In particular we would like to thank our manager and players for their loyalty and continuing hard work to deliver success on the pitch. Also, Dermot Desmond and Celtic FC for their commitment to come to Cork, John Delaney and the FAI who have been very helpful and supportive behind the scenes and of course, Jim McCarthy of Quintas for lending us their considerable expertise and advice. Also, we would like to thank Olann Kelleher and Mark Riordan.
I believe that as much as I believe Arkaga put in E1.5m.
Supreme Court is only for appeals on a point of law, isn't it? No chance there; has to be purely a stalling tactic?
Surprised at how many people are surprised Revenue didn't come to a deal today.
How the hell can they appeal a decision by the revenue? This looks like just a stupid charade and a criminal waste of money.
Will Turners Cross be packed to the rafters tonight to give out about Coughlan and the Revenue(not their fault but you have to hate them anyways)?!
He's made that claim. The numbers don't add up, and most people don't believe he's put in a penny.Quote:
Originally Posted by Larry 'da' Wyse
I doubt it. If anything, I'd have thought it'll be a very small crowd.Quote:
Originally Posted by Black and White
The Club statement is bullsh!t. They want to appeal the decision of the Revenue Commissioners?
The Supreme Court cannot tell the RC whether to accept the deal or not.
Who is advising these eejits?
And do they really think they'll ever get paid?
looks like they are buying time to pay off revenue and hope that this will make it all go away (will it?)
its official, waterford united = munsters biggest club :D
Is this a hoax or genuine?Quote:
Club Statement:
Quote:
On behalf of Cork City FC, we wish to confirm our decision to appeal the decision made by the revenue commssioners not to accept the proposal put forward in the High Court this morning.
It is our intention to seek a stay on the order for leave to appeal to the supreme court. During this period we will settle our outstanding liability in full.
We believe that our proposal demonstrates not just our commitment but also our ability to settle our liability in full in the short term. In addition to this, under the guidance of the Quintas Group we now have a sustainable business model which will protect jobs and ensure that a similar situation will not arise going forward.
We have a big match tonight against Bray Wanderers at Turner's Cross, so we are looking forward to getting back to football and hope to see the Rebel Army there in big numbers
It is appropriate that we take this opportunity to thank all of those who have rallied behind the cause and demonstrated their support in recent times. In particular we would like to thank our manager and players for their loyalty and continuing hard work to deliver success on the pitch. Also, Dermot Desmond and Celtic FC for their commitment to come to Cork, John Delaney and the FAI who have been very helpful and supportive behind the scenes and of course, Jim McCarthy of Quintas for lending us their considerable expertise and advice. Also, we would like to thank Olann Kelleher and Mark Riordan.
"appeal the decision made by the revenue commssioners "
"During this period we will settle our outstanding liability in full"
Ye deserve it.Quote:
Originally Posted by roinuj
From the Examiner this morning (so it must be true :) )Quote:
Originally Posted by Mr A
He has also agreed to write off his personal investment in the club, a sum of money which is understood to be in the region of 700,000.
Jim McCarthy Quintas:
There are obviously other creditors but nothing of too much significance, nothing that cant be sorted out from managing the cash flow of the club carefully going forward which I think has to be a priority. A big creditor of the company would be Tom Coughlan himself and I think to be fair he has put 700,000 in and hes prepared to write that sum off in its entirety.
No. If they raise the money, they have wages to pay (this week's wage payment was voluntarily deferred by the players), and prize money brought forward already. They'd be dead in a couple of months at best.Quote:
Originally Posted by SeanDrog
Suppose next year we'll be playing A Championship against Salthill Devon and Tralee Dynamos in Bishopstown. I doubt we'll still play in Turners Cross.
So is it better to put the gun to the head now or let it writhe and suffer for another while?
I imagine their plan is to sell all their players and try and keep trading as a part-time team from now on. As in, what they should have done when they came out of examinership. We've been told all players are free to leave; we've been told some of them are left already.
Or maybe that's just the impression they're trying to create to curry favour with Revenue.
Quote from Dodge's mate charliesboots on the Cork forum
.Quote:
Lads where is this idea about Wednesday coming from?
Judge Laffoy said that she was granting a stay until 4 p.m. on the order and that it was a matter for the Supreme Court whether or not to put any further stay on.
If Cork's legal team don't get into the Supreme Court before 4 p.m. and get a stay then it's curtains.
The chances of them convening the Supreme Court and having the practicalities sorted before 4 are slight. Even if they do then the chances of the Supreme Court granting a stay are slighter still.
Not looking good all round.
Pat Sullivan has moved To Dublin and is working at a dental practice with his mate, while playing part-time for Shamrock Rovers. Roberts Mezeckis was released yesterday.Quote:
Originally Posted by pineapple stu
If youre lucky. Salthill Devon are going up:cool:Quote:
Originally Posted by Umberside
I believe this has to do with time, Revenue would not accept this morning what they would have accepted beginning of this week/last week, half outstanding monies and 4 equal payments each month thereafter, e.g. 220,000 plus 55,000 x 4 has changed to all monies owed paid in full, e.g. 440,000.Quote:
Originally Posted by Ezeikial
The club do have a right to appeal and if in the meantime, while waiting for the appeal, they can pay the amount in full and Revenue drop the winding up order then the decision of any appeal to the Supreme court would not be applicable.
Question is will they have enough time to raise all the monies owed?
Can the Revenue even drop the winding up order after it's been made though?
That was correct but they didn't find anyone from the S.C. to hear it today and now it must go before them next Wednesday instead.Quote:
Originally Posted by Longfordian
us aswell:o,Quote:
Originally Posted by Umberside
I would think that if the wind up order is in effect any monies offered over the next few days by TC will be accepted to service accounts due.unless there is a stay put on the order before 4 anything after that would be futile
It's not. The decision to grant is being appealed to the supreme court.Quote:
Originally Posted by passerrby