Joe Gamble?

There must be a load who knew what was going on. There would even have been fans that knew what was going on. Arkaga are Cork, I just don't agree with the seperation. If Arkaga mess up Cork should be punished.

As for the players staying on or not.
It was my understanding that at the end of the examinership process they make a decision on the future of the business. It can't all be that difficult if the 5 weeks end and they see you have a wage bill of 40K a week with 1.3million in debts + the 70% wages for 7 weeks running + the examiner and legal fees.

I know money will come in between then and now but I thought it would be crucial to cut the wage bill. That happened at rovers did it not ? I know at Shels every effort was made to get the players moved on. Longford also knew what they had to do to keep the show on the road.

I'd love to know what makes the Cork situation different.
Seems to be an investor or bust in my opinion as FORAS can't take on a club with a 40K a week wage bill come October.

You're kidding yourselves if you think you can.
Cut the expenditure, restructure the debts and get working on them before the licence comes round.

Can you answer me this.
Are you in more debt now then you were when this examinership process started ?

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Originally Posted by higgins

There must be a load who knew what was going on. There would even have been fans that knew what was going on. Arkaga are Cork, I just don't agree with the seperation. If Arkaga mess up Cork should be punished.

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Hence the ten point penalty. We'll see how next year's license application goes.

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I'd love to know what makes the Cork situation different

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Are you for real? Its been explained 100s of times for you.

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Cut the expenditure, restructure the debts and get working on them before the licence comes round.

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You do realise a lot of people have been made redundant over this, don't you?

Seriously, if you're going to be all preachy, you should at least be up to speed on what has actually happened, and what is happening currently

I do know what has happened.
Everybody still at the club is on 30% . Meaning the remaining 70% is added on to the debt they have.

Back Office staff have left along with Mooney and O'Flynn. Players make up the bulk of the weekly wages, they should be moved on.

How would you deal with the problem Dodge ?

Can you honestly tell me that if expenditure stays as high as it seems it is from reports that they will continue without an investor ?

By the way the 10 points was only for entering examinership. When the report comes from the examiner and the accouts are checked against previous accounts and players are owed money I can't see them staying out of the FAI's bad books. Certainly if any agreements are made with creditors that leaves them owing less than 100% then they are in a false position in the league and should be demoted or docked further points.

..............

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Originally Posted by higgins

How would you deal with the problem Dodge ?

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I'd let the examiner do his job. Remember he's the ONLY person who could let players go, or could agree the defereal, or indeed anything else to do with the club.

Unless you think you know better than him?

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Originally Posted by higgins

I do know what has happened.
Everybody still at the club is on 30% . Meaning the remaining 70% is added on to the debt they have.

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The players have agreed to get paid no less than 30% of their wages with the remainder deferred. They were all free to leave if they choose at the weekend. I would have preferred to see some high earners leave as would have meant less players wages added to the debt.

If someone comes in & buys our club & is quoted as saying they have budgeted fir 1m loss how is it our fault for taking them at their word? Sure we can be skeptical but what else could we have done.

It was Shels who started the wages bidding war!

You went from 0 to 1.3million in debt over one night ?
Did you all have your heads in the sand or something :)

Why didn't you join together and oust the bold Arkaga ?
Seem to remember that advice when Shels were faced with Ollie spending everything we had!

Wages bidding war ?
Shels fault now Cork can't pay their wages ???

Not like the writng wasn't on the wall. You'd a winding up order against you too the same time Shels had. That old Historical debt wasn't it ? Owners telling you they are going to run up a 1 million loss. Plenty of backroom staff around the club and nobody willing to call a halt to the non paying of creditors.

Directors resigning AFTER it all came out.

Of course things are different when it's Cork.
Nobody is to blame here .....

As for the examiner. I don't know more than him but from what I do know I'd be willing to bet that he's banking on an investor or bust. He doesn't seem able to cut the playing budget by enough that would allow a group like FORAS take on the running of the club ? There's talk of the win bonuses and goal scoring and clean sheet bonuses being crazy. If that's the case then those players should be moved on ASAP. Matthews on talking about how the club want to keep the players every second day doesn't help, I assume that he's not telling lies ?

Higgins, I get this is a great laugh and I dont blame you, but could you at least read the posts before making the same points repeatedly

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Originally Posted by higgins

There must be a load who knew what was going on.

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Must there have been? Loads? Everyone knew we were paying crazy money, however Arkaga pledged to cover it. How many people would know they planned to renege on this? My bet would be one, the man in charge and maybe one or two of his cronies. Maybe you know better though

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Originally Posted by higgins

There would even have been fans that knew what was going on.

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Yeah, mystic meg is actually a City fan and read Walshes mind.

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Originally Posted by higgins

Arkaga are Cork, I just don't agree with the seperation. If Arkaga mess up Cork should be punished.

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Who said any different? Did you miss teh points deduction?

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Originally Posted by higgins

As for the players staying on or not.
It was my understanding that at the end of the examinership process they make a decision on the future of the business. It can't all be that difficult if the 5 weeks end and they see you have a wage bill of 40K a week with 1.3million in debts + the 70% wages for 7 weeks running + the examiner and legal fees.

I know money will come in between then and now but I thought it would be crucial to cut the wage bill. That happened at rovers did it not ?

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FOR THE LAST TIME, the examiner is th ONLY person that can make that decision right now. he's in charge. What part of that is so difficult for you to grasp?

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Originally Posted by higgins

I know at Shels every effort was made to get the players moved on. Longford also knew what they had to do to keep the show on the road.
I'd love to know what makes the Cork situation different.

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Em, teh fact that they werent in examinership adn had some control over what happened? Maybe?

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Originally Posted by higgins

Seems to be an investor or bust in my opinion as FORAS can't take on a club with a 40K a week wage bill come October.

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I dont know. Obviously its a big ask, but if we can get rid of most players come November(when we'd be in a position to do so) who knows.

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Originally Posted by higgins

You're kidding yourselves if you think you can.

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Thanks for the advice. You're right we shoudl just not try

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Originally Posted by higgins

Cut the expenditure, restructure the debts and get working on them before the licence comes round.

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Jesus H. Is there a head banging against a wall smilie? How exactly are we supposed to do this Higgins? We as in anyone involved in City?

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Originally Posted by higgins

Can you answer me this.
Are you in more debt now then you were when this examinership process started ?

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Id imagine so, no money was put in for a few weeks and the players 70% is to be added n too, plus examinership costs etc

Thanks for the reply :)
Looks like we have some agreement!
I accept the examiner is calling the shots. My comments are more in disbelief about what seems to be unfolding before my eyes. It seems silly to keep players at a club who are playing for 4th place.

Arkaga didn't pull the plug 3 weeks ago. It would have been clear many months ago by others at the club that bills were not being paid. Anyway, you are where you are I suppose the past can't be changed.

You can cut the budget come November but doesn't the call on the business have to be made Oct 5th ?

Do you not think it's looking like investor or bust ?
Examiner using a strong team as bait for that investor ?
I do hope you get somebody in by the way, don't want any of the clubs going out of business.

Just a lot of strange decisions being made by the examiner and not much anger by Cork fans. I read your forum and players were getting called legends for staying and refusing contracts!!! that to me is a contradiction with fans also saying that the club is bigger than any player.

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Originally Posted by higgins

Arkaga didn't pull the plug 3 weeks ago. It would have been clear many months ago by others at the club that bills were not being paid.

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To who though? People were told that there was money coming from England, they ahd the written guarantee. maybe there was naivety there but people just didnt expect 'professionals' to act like that and renege on tehir agreements.

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Originally Posted by higgins

You can cut the budget come November but doesn't the call on the business have to be made Oct 5th ?

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Yes. but there has to be a reason imo that teh examiner didnt cull the squad completely. he knows what hes doing

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Originally Posted by higgins

Do you not think it's looking like investor or bust ?

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Honestly, no. I think there is still a chance if we dont get an investor. FORAS is spreading and growing. If we can get the money and set up payment plans I think the examiner might see us with ahving a chance.

Im sure wed be relegated and basically lose everyone but I think we can save the club.

itl be far from easy but I think its possible.

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Originally Posted by higgins

Examiner using a strong team as bait for that investor ?

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Possibly. I think its a case that he thinks there is someone seriously interested and so didnt want to break up the team and risk scaring them off. Rumours seem like theres a good chance of investment but either way FORAS need to be involved

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Originally Posted by higgins

I do hope you get somebody in by the way, don't want any of the clubs going out of business.

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Thanks

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Originally Posted by higgins

Just a lot of strange decisions being made by the examiner and not much anger by Cork fans.

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I trust the examiner. He knows what he's doing.

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Originally Posted by higgins

I read your forum and players were getting called legends for staying and refusing contracts!!!

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They are. They have been told we can keep them, by the examiner, and on 30% of wages they ahve agreed to stay and take the chance.

but I think you're mistaken as to the reason they are being called legends. To me, and many others, they are legends for taking the time to come to the FORAS meeting which they didnt have to the day they took the pay cut, and for Dan Murray standing up and saying stuff like the players arent important now we have to do anything we can to save the club etc etc.

For turning up to every fundraising event to help out. Volunteering their services for basically anything, and not just for the club but for FORAS.

Theres a great atmosphere in the squad at the moment, they are very committed and going above and beyond for 30%.

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Originally Posted by higgins

that to me is a contradiction with fans also saying that the club is bigger than any player.

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Its not. We would get rid of everyone of them tomorrow to save the club. But the way tehy ahve reacted through this will always mean they are legends

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Originally Posted by higgins

Thanks for the reply :)
Arkaga didn't pull the plug 3 weeks ago. It would have been clear many months ago by others at the club that bills were not being paid..

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Only the CEO/Accountant would know.

If your employer was not paying bills would you notice before they stopped paying your wages?

:rolleyes: