Quote:
Originally Posted by DmanDmythDledge
So Corks players can refuse to play? In case they get injured and get same treatment as Farrelly?
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Quote:
Originally Posted by DmanDmythDledge
So Corks players can refuse to play? In case they get injured and get same treatment as Farrelly?
He has been out injured the is season due to tumour. He is now back in the UK recovering with schedule prepared by the club.Quote:
Originally Posted by DmanDmythDledge
I thought at first this might be related to change over from club wages to long term disability payments but Farrelly is quoted in the local paper saying he is disappointed as he expected to be back before the end of the season.
First I heard of a brain tumour, thought it was a tomour on his pancreas.Quote:
Originally Posted by pete
Best wishes to him regardless.
I think you are correct. I can't remember.Quote:
Originally Posted by charliesboots
He is correct. It's disappointing to see and hopefully someone will give Gareth a chance somewhere else-this won't be the last type of thing you'll see happening down here I reckon. There could be a few others allowed leave or shoved out the door too....there's a lot of players who's contracts are up at the end of the season also.Quote:
Originally Posted by pete
Not one of them will be offered a deal by the examiner. Makes the recent igning of Dudfield even more astonishingQuote:
Originally Posted by Joe McSweeney
Oh and best wishes to Farrelly
Your licence can be taken away from you if player wages are not kept up. That contract sitting in the FAI office signed by Cork and Farrelly is going to be looked at when the PFAI take up his case.
Shels were given a pay the players or else no licence by such a date.
Not sure what the examiner is playing at here?
Maybe there is something in his contract allowing this non payment.
I'd imagine one of the first moves the examiner would make is to review ALL contracts and to cut employees that are no longer needed/entitled to be paid.
Yes-I expect all of them to be leaving at the end of the year.Quote:
Originally Posted by Dodge
The guys running the club don't know what they are doing. I think it's pretty clear at this stage. What's stranger is that we had three/four people on trial who Mathews was waiting on clearance to sign when this financial trouble was first announced-and that we offered Joe Gamble a three year deal to make him, rumoured of course, the highest paid player at the club.
Insane way of running a football club.
Either way-someone should sign Gareth when (I'm being hopeful!) he gets fit again, superb player.
Ahem....heard a suggestion that the Farrelly story might not be totally accurate
Quote:
Originally Posted by DmanDmythDledge
Farrelly has been paid to date 100%Quote:
Originally Posted by SÓC
He did the same with Liam Kelly at Rovers, so presumably he's entitled under employment law to take such action.Quote:
Originally Posted by higgins
Can anyone give me a short résumé of the cork situation? There is so much aspects and it's difficult for me from germany to understand all.
I want to write for my german online magazine a article about the financial situation of Cork City and don't want write wrong facts.
Well, you had Cork Fordsons, who changed their name to Cork. Shortly afterwards, and simultaneously, you had Cork Bohemians, who went broke, before Cork became Cork City, then Cork United, before going broke. Then there was Cork Athletic who went... broke. Then there was Cork Hibernians, who went bust. Next were Cork Athletic, and Evergreen, or Cork Celtic as they became known, and Cork Hibernians. Cork Celtic went into bankruptcy. I don't know what happened to Cork Athletic (but I can guess), but Cork Hibs folded in 1976 and were replaced by Albert Rovers, who became Cork Alberts and Cork United before folding uneventfully in 1982.Quote:
Originally Posted by robertob
This left the league with two years of peace without a single Cork team in the league.
In 1984, Cork City II were elected. They went broke in the mid-90s, immediately becoming Cork City III. Currently, Cork City IV are trying to negotiate the transition to becoming Cork City IV, but as it stands, Cork City III are following the old familiar path. Everyone has high hopes for Cork City IV, who will no doubt be a huge club, with massively egotistical fans who can't understand why they never actually win anything before going resolutely bankrupt. But hey, that last bit's just editorialising.
thank you.
But I want to know about the current financial situation. So what is with Arkarga or other investors? Will Cork be alive over the current season? Who or what helps cork now? So I can't understand why cork has so big problems while they have earned so much money with transfers of o'donovan, mooney and others and have every homematch a big crowd. It's crazy for my and not understandable why this club is indebted so high. :confused:
In an nutshell it was mismanagement.Quote:
Originally Posted by robertob
Businessmen(poor ones) paying crazy money unnecessarily and getting us into debt they had no intention of covering.
it makes little difference to them if the club goes bust.
Currently the fans are trying to raise money to get some share int eh club at least. Plenty of investors sniffing around but who knows if they are actually interested.
We dont know if we'l be here next season and if we are Id imagine it will be in Division one.
Is there any concrete reason for thinking that? I know you can look at Shels, and fans can be pessimistic, but has anyone indicated to the club that that's likely?Quote:
Originally Posted by micls
(Genuine question; it's just come up a lot from the fans but not from anyone official)
Nothing official. I just cant see how we havent broken more licensing rules(other than entering examinership) and given we've already had a points deduction Id expect relegation next. Wage cap, not paying players etcQuote:
Originally Posted by pineapple stu
I dunno, Id imagine it depends a lot on who is in charge if the club is around, if the debts have been cleared, players paid to date etc etc.
The details of ownership transition are a little hazy but basically Arkaga (London based private investment group) took over sometime in the last 12-15 months. They budgeted to lose E1m over the following season (projection seemed reasonable based on estimates of revenue/expenses), were big moves in proposed All Ireland League (teams from Republic & Northern Ireland & were also looking at 28k seater multi purpose stadium. They also mentioned sums of 35-40m for the stadium (a lot of this would be grants) & requirement for 1.5m revenue a season to run the stadium.Quote:
Originally Posted by robertob
A CEO was appointed (who "rebranded" the club with new crest etc...) to run the club & days before the FAI Cup final last season rumours circulated that previous manager would be replaced. When previous manager was removed he sued & deal was made out of court to pay him off (he had one year left in unwritten contract).
O'Donovan was sold around the time Arkaga took over & I believe a lot of the money was used to pay existing debts such as the Revenue Commissioners.
Several players left the club for various reasons in the summer. The CEO was also replaced.
Recently is emerged club had debts around E1m & Arkaga said they would not put anymore money in (it is debatable how much they have put in so far). The club was put into Examinership & Mooney was sold for E250k (maybe 1/3 of his value) & this is mostly used to pay the Examiners fees. The players are currently on 30% wages with the remainder deferred. After rumours of many players going to UK & Norway only one left for League Two in England at the end of August.
The fans have officially launched a supporters trust FORAS (see my signature) with the aim of securing the long term future of the club. The short term target is 5k a week to assist with running if the club.
There have been many rumours of consortiums looking to take over the club. Hopefully FORAS will have some part in this. Home crowds average about 3500. Top player rumoured to earn E150k. Debt is largely due to terrible financial mismanagement - some of the stories about the way money was spent are crazy for supposedly professional investors.
Thank you for the detailed answer.
I think the situation is as yet dramatically. :(
But I hope Cork wil be save. This big club is a flagship of irish football. Most footballfans know Cork City and connecting with this name irish league football...
They do not want to help us. They couldnt care less. They will not put another(debatable) cent into City.Quote:
Originally Posted by robertob