Ay idea of the size of the potential liabilities with Mathews and Farrelly?Quote:
Originally Posted by tiktok
Ay idea of the size of the potential liabilities with Mathews and Farrelly?Quote:
Originally Posted by tiktok
Farrelly's is €36,000. The award has already been won in court but not yet paid, hence the rumoured winding up order.Quote:
Originally Posted by Ezeikial
Mathews was rumoured to be on anything up to €150,000 with a potential two years left at the club. I guess he could look for a €300,000 award [that's the figure being bandied about most often down here] but i don't think it's as straightforward as multiplying years by wage.
If he won his case I'd be surpised if he came out with less than 100-150k anyway, though I guess it depends what sort of cash he's earning in Drogs in terms of loss of earnings.
Quote:
Originally Posted by Mr A
Which could be within 10 days
http://www.herald.ie/sport/soccer/an...t-1886622.html
Confirmed on CCFC forum
More wind-ups than a Bohs-Rovers thread on foot.ie at this stage.Quote:
winding up order filed yesterday
CORK CITY INVESTMENT FC LIMITED -V- COMPANIES ACTS 1963-2009 2009/515 COS
Issue Date:
15/09/2009
If we can just get rid of the driver then we'll be ok.Quote:
Originally Posted by joey4ireland
It will allow some Cork City fans to drone on.Quote:
Originally Posted by razor
ah hell there better off starting off from scratch i cant understand how owners can be so stupid as to cause such finantial problems!!
:confused: What?Quote:
Originally Posted by HarpoJoyce
So how does it work,Farelly is basically saying that if they cant afford to pay 36,000 then they should be declared insolvent/bankrupt and wound up is it??
Surely Cork can get that "lovely couple" Frank And Irene to bail them out again:rolleyes:.That same couple though should then be prepared to help out other clubs in the same way such as Galway,Derry and whoever else needs it,just to show they are not biased:mad:.By rights i know they shouldnt be but if they helped one club they HAVE to help the others.
Farrelly has already won a judgement against them, but CCFC still have not stumped up. This is the last resort for a creditor to get their money so yeah, it's basically either pay up or bye, bye CCFC.
Can't see them folding over such a sum, but it'll be interesting to see if the wage bill after it is met......
Rights Commissioner and his staff may be very lovely.Quote:
Originally Posted by Mr A
If it delays a football decision, then CCFC can present a case in front of the Courts.(1,2,3 or 4). Three and Four are High and Ext..Supreme respectively.
In reply to micls, a pilotless craft is a drone also you and other Cork City fans have insisted that the Creditors before Examinership were mostly fans of the club. I am very happy at least one LoI club has invested over half a million into the Exchequer alone. You should be very proud.
Next, pay and compensate your staff and ex-staff.
FORAS monies will help to compensate Farrelly, refusal shows FORAS's greed.
:rolleyes:Quote:
Originally Posted by HarpoJoyce
FORAS have - quite rightly IMO - publicly announced they are refusing to help Coughlan in any way. FORAS have no part within CCFC and I think would be doing themselves a disservice helping the current entity continue. They've already set up a fund to help players. I think your post is highly ignorant.
I've never read such ignorant rubbish in all my life.Quote:
Originally Posted by HarpoJoyce
Total rubbish, it just shows your ignorance of the situation. FORAS should be doing nothing to prop up the current regime.Quote:
Originally Posted by HarpoJoyce
The bills accrued by Cork City Investments FC Ltd. have nothing to do with FORAS, which is a completely separate entity from the club, there currently isn't even a working relationship between the two. If Cork City Investments FC Ltd., require financial support from FORAS to pay their debts, they can request it and our members will vote on that request.Quote:
Originally Posted by HarpoJoyce
As for paying staff, FORAS has established a Hardship funds for players in asociation with the PFAI and have set up a separate fund for Staff to provide bridging loans should they find themselves in difficulty.
Before you start jumping to ridiculous conclusions and throwing around accusations you could at least try to get an understanding of the facts. What you've posted shows total ignorance of the situation.
I see in the paper today Mathews has a provisional High Court hearing date in the last week of October. Could be interesting.
What would be the point for Matthews to acheive a winding -uo order against a club with no assets? Are they going to pay him in players a la bonded slavery?
Probably hoping the FAI will bail Cork out again. Plus he really really hates TC and would be delighted to do him over once and for all. He's not looking for a winding up order yet anyway, just the judgement. I'm sure he'd take instalments.
From CCFC forum:
Quote:
High Court hearing confirmed on 96FM news as October 12th.
It's because of FORAS that the country is in the state it's in
so thats where all the Celtic Tiger money is gone - FORAS has it!Quote:
Originally Posted by Dyl10
the hoorbags!
Somebody ought to write a letter.
Agreed :ball:Quote:
Originally Posted by Dyl10
Yes, and you can't have any of it, the BOM 'holiday' (emigration) to barbados is going to be sweet...Quote:
Originally Posted by SkStu
We should have got Colonel Gaddaffi to cover all of this in his speech to the United Nations the other day
way, way past that stage.... only one thing left, have a moan on FOOT.IE ! :)Quote:
Originally Posted by Mr A
Team bus has the players for tonight's match, but the driver ain't moving until they get paid. Rumour linky.
Edit - Dan Murray went on 96FM to talk about the situation, and the station managed to get the E900 needed for the trip through donations. Coughlan was in a meeting and couldn't pay; suggested they all drive. Unbelievable.
Edit edit - but the bus driver now says he wants E2,000 for the last two trips, which are also unpaid, so the team's still stuck in Cork. 2/1 for a Pat's win tonight, apparently. I'm on that now!
Edit edit edit - TNB = Tommy No Bus. :D
One of the most amazing threads I've ever read.
Best league in the world, bar none.
when will this Cork drama cease.
cant blame the bus driver (if true) he has a living to make and cant be driving people around for free.
The LOI is the best reality show ever,drama,suspence,no shortage of comedy,loss and all the fudge you can eat,and thats just off the pitch:).
All we need now is the bus driver to take the players hostage as collateral....albeit fairly worthless collateral.Quote:
Originally Posted by pineapple stu
Seriously, someone should snap up the film rights quickly.
Brilliant stuff. Can't help now but to laugh at them. I had some sympathy for them but its long gone.
Will somebody please put them out of their misery!
Not until Coughlan is gone anyway, and it is true.Quote:
Originally Posted by SeanDrog
Bus paid and enroute to Dublin apparently
Has the man any self respect or dignity?
My heart goes out to our players.
No...Quote:
Originally Posted by razor
I know, it was a rhetorical questionQuote:
Originally Posted by micls
A new low.
I know, I just needed to say it :DQuote:
Originally Posted by razor
Will the Pats fans give them a rendition of "The wheels on the bus go round and round"?