Petition to wind up: Cork City Investment FC Ltd

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14/05/2009, 4:13 PM
razor

Quote:

Originally Posted by pete

Doesn't include George O'Callaghan, Brian O'Callaghan, Noel Mooney & John O'Flynn who all left in the middle of last season.

Freudian slip? :D
14/05/2009, 4:15 PM
Ezeikial

Quote:

Originally Posted by pete

Quote:
Originally Posted by Ezeikial http://foot.ie/forums/images/buttons/viewpost.gif
Hard to argue with when you reflect on the signings :
Cork City
Manager: Paul Doolin
Ins
Davin O'Neill (Cobh Ramblers)
Dan Connor (Drogheda Utd)
Fahrudin Kuduzovic (Drogheda Utd)
Billy Dennehy (Derry City)
Stephen O�Donnell (Bohemians)
Shane Duggan (UCD)
Robert Mezeckis (FK Riga)
Guntars Silagailis (FK Riga)
Greg O'Halloran (Cobh Ramblers)

A bit selective.

Quote:
Outs
Darren Murphy (Stevenage Borough)
Gareth Cambridge (St Mary's)
Liam Kearney (Derry City)
Mick Devine (Waterford Utd)
Lawrie Dudfield (Chelmsford City)
Colin O'Brien (Retired)
Darragh Ryan (St Pat's Ath)
Sean Kelly (Galway Utd) *Loan*
Colm Carroll (Limerick FC)
Doesn't include George O'Callaghan, Brian O'Callaghan, Noel Mooney & John O'Flynn who all left in the middle of last season.

Doesn't include George O'Callaghan, Brian O'Callaghan, Noel Mooney & John O'Flynn who all left in the middle of last season.

Still selective - forgot about
Outs
Alan Matthews

Is there a legal action still pending?
14/05/2009, 4:27 PM
pete

Quote:

Originally Posted by razor

Freudian slip? :D

Clearly ;)
14/05/2009, 4:39 PM
A face

Quote:

Originally Posted by Ezeikial

Is there a legal action still pending?

Yes .... and .... so ..... we knew this already. Have you anything to add?
14/05/2009, 5:00 PM
sligoman

Quote:

Originally Posted by A face

Yes .... and .... so ..... we knew this already. Have you anything to add?

Bit touchy there A face...it was just a question.
14/05/2009, 5:46 PM
passerrby

Quote:

Originally Posted by sligoman

Bit touchy there A face...it was just a question.

think the thread should be changed to petition to wind up cork city supporters
14/05/2009, 6:03 PM
Dodge

Quote:

Originally Posted by pete

A bit selective.

Doesn't include George O'Callaghan, Brian O'Callaghan, Dave Mooney & John O'Flynn who all left in the middle of last season.

Still doens't read llike a club looking to massively cut costs
14/05/2009, 6:17 PM
Mr A

Not sure if it's been mentioned here but the Examiner mentions a figure in excess of 300k- http://www.examiner.ie/sport/cork-ci...ars-91754.html
14/05/2009, 11:59 PM
A face

Quote:

Originally Posted by Dodge

Still doens't read llike a club looking to massively cut costs

Its all in the detail though aint it. Contract A could be �5000 a week, while contract B, C and D could total to �500. Its how the figures add up is what matters, the numbers dont allow for selectiveness.
15/05/2009, 12:09 AM
Ezeikial

Quote:

Originally Posted by A face

Its all in the detail though aint it. Contract A could be �5000 a week, while contract B, C and D could total to �500. Its how the figures add up is what matters, the numbers dont allow for selectiveness.

Do you know the numbers?

Are you aware if the playing budget has been reduced from immediately pre-examinership?

What many posters have pointed out previously is that, at face value, there does not appear to have been sufficient "cutting the cloth to measure"
15/05/2009, 12:36 AM
Bald Student

Quote:

Originally Posted by A face

Its all in the detail though aint it. Contract A could be �5000 a week, while contract B, C and D could total to �500. Its how the figures add up is what matters, the numbers dont allow for selectiveness.

In this event the club should have not renewed contract A and also not signed contracts B, C or D. It's all explained in a recent financial documentary from America
15/05/2009, 7:01 AM
Buile Shuibhne

Mr McCarthy told the Irish Examiner last night that he had confirmed with the Revenue Commissioners that all liabilities have been incurred post-examinership – in other words after October 16 – the day Mr Coughlan’s takeover bid was approved by the High Court.

Mr McCarthy, who will be seeking an apology from the club, added that, as yet, no effort has been made to contact him in relation to the issue.

http://www.irishexaminer.com/sport/c...les-91840.html
15/05/2009, 8:21 AM
Dodge

Quote:

Originally Posted by A face

Its all in the detail though aint it. Contract A could be �5000 a week, while contract B, C and D could total to �500. Its how the figures add up is what matters, the numbers dont allow for selectiveness.

Obviously but people don't move country for 500pw contracts. And 2 of the players you signed would walk into any squad in the coutry, so they ain't cheap...
15/05/2009, 8:23 AM
Cosmo

Quote:

Originally Posted by Dodge

Obviously but people don't move country for 500pw contracts. And 2 of the players you signed would walk into any squad in the coutry, so they ain't cheap...

Sure didnt they outbid dundalk for 2 of them!!

Anyway, looks like theyve gone and p*ssed off the examiner anyway!!
15/05/2009, 8:24 AM
seand

Quote:

Originally Posted by Buile Shuibhne

Mr McCarthy told the Irish Examiner last night that he had confirmed with the Revenue Commissioners that all liabilities have been incurred post-examinership � in other words after October 16 � the day Mr Coughlan�s takeover bid was approved by the High Court.

Mr McCarthy, who will be seeking an apology from the club, added that, as yet, no effort has been made to contact him in relation to the issue.

http://www.irishexaminer.com/sport/c...les-91840.html

So are Cork City FC lying or are Revenue and the examiners lying?
15/05/2009, 8:31 AM
Mr A

It is pretty damn clear at this point that even if CCFC survive this that they need to get Coughlan out of there ASAP.
15/05/2009, 9:25 AM
jimhacker

Quote:

Originally Posted by Mr A

they need to get Coughlan out of there ASAP.

But there's the nub.

Who exactly are "they"?

At the moment "they" = Coughlan.
15/05/2009, 9:44 AM
pete

Quote:

Originally Posted by Dodge

Still doens't read llike a club looking to massively cut costs

I wouldn't disagree with you. I think a lot of City fans were plesantly surprised with the squad we had for this season even if a little small.

Builders who made their money in the boom may not be the most stable business people to run a football club.
15/05/2009, 9:45 AM
Mr A

True, but one would hope that FORAS could work towards a position of more influence on the club, be that through a new owner or whatever.
15/05/2009, 10:29 AM
micls

Quote:

Originally Posted by Mr A

True, but one would hope that FORAS could work towards a position of more influence on the club, be that through a new owner or whatever.

I agree but it takes time, fundraisers are constantly ongoing and were building up as much as we can but the simple fact is we are not in a position to take over the club now, we simply dont have the money.

On the influence part, we currently influence all activities bar the money. We chair the match night committee, schools and community committee, Ticket sales and promotions committee, media committee and the fundraising committee and have a huge influence over the day to day running of the club including cutting costs on a match night etc.

5 FORAS BOM members have an agreement to now sit on the club BOM and have a look at the books(hasn't actually happened yet though.

So imo we have as much influence as were going to get, but at the end of the day TC is the owner and its his money and there's nothing we can do to force him to act a certain way with it right now.
16/05/2009, 9:25 PM
tiktok

"I hopefully don't want to see anything like that happening next week"
Inspiring words from the chairman.

http://www.rte.ie/sport/soccer/2009/...rkcity_av.html
17/05/2009, 2:05 PM
Mr A

It sounded like he was using the 'We're to important to the community to let go out of business' defence.

The 'It's the examiner's fault' defence seems to have been dispensed with.
18/05/2009, 7:19 PM
Mr A

Coughlan confident that Cork will survive. He has stated that it's all down to the fact that the money hasn't come in as fast as expected.

Begs the question as to why the taxman of all people would be the people you don't pay.
18/05/2009, 7:21 PM
Mr A

He really didn't answer the question about the cynicism from fans... generally came across well but he just doesn't seem to have answers to the hard questions.
19/05/2009, 7:10 AM
tiktok

I thought he did alright in front of the biggest grilling Con Murphy has ever given anyone on MNS.

Coughlan was very downbeat. I've met the man a few times and that was the most subdued I've seen him, he's obviously under pressure. I guess the hope is that the revenue will see Coughlan at CCFC as somewhat of a new entity and can put the previous winding up order under Lennox and the Arkaga era to one side. Certainly worrying times for CCFCthough.
19/05/2009, 10:23 AM
pete

Quote:

Originally Posted by tiktok

I guess the hope is that the revenue will see Coughlan at CCFC as somewhat of a new entity and can put the previous winding up order under Lennox and the Arkaga era to one side. Certainly worrying times for CCFCthough.

If he can convince them they will get their money on a schedule hopefully a deal can be done.

I am worried for the future as to why this can become an issue when we started with a clean slate at the end of last season. We are using up our lives too quickely. :(
19/05/2009, 10:26 AM
Mr A

Exactly.. it seems like the old mistakes of hugely over optimistic budgeting have been repeated immediately after examinership. Considering that everyone knew the state of the economy, that's just plain crazy.
19/05/2009, 11:53 AM
tiktok

Quote:

Originally Posted by pete

I am worried for the future as to why this can become an issue when we started with a clean slate at the end of last season. We are using up our lives too quickely. :(

I'm not so sure that the slate from last season was all that clean.
19/05/2009, 3:30 PM
Mr A

http://i202.photobucket.com/albums/a...o_19052009.jpg
19/05/2009, 3:36 PM
p�l-dcfc

Coughlan: The World Economic Crisis is Over

We'll see shortly if he is bluffing. I hope he's not.
19/05/2009, 4:21 PM
passerrby

what has the munster senior cup final been played at the cross got to do with cork finance surly that will belong to the MFA
19/05/2009, 4:26 PM
pineapple stu

It's a separate news item.
21/05/2009, 7:00 AM
brianw82

Any more news on this?
21/05/2009, 8:59 AM
Redie

Quote:

Originally Posted by brianw82

Any more news on this?

Yes..
21/05/2009, 10:29 AM
eamo1

Have.

Have Cork been relegated yet??:rolleyes:
21/05/2009, 10:32 AM
micls

Quote:

Originally Posted by eamo1

Have Cork been relegated yet??:rolleyes:

For what? I didn't realise a winding up order was against any rule? Never mind saying relegation material
21/05/2009, 5:27 PM
adamd164

The word is that Coughlan came to an agreement with the Revenue today and it's settled.
21/05/2009, 7:26 PM
Umberside

Quote:

Originally Posted by adamd164

The word is that Coughlan came to an agreement with the Revenue today and it's settled.

Oh please tell me it's true:o
21/05/2009, 8:27 PM
sheao

Quote:

Originally Posted by Umberside

Oh please tell me it's true:o

Hopefully it is,we are doing great so far this season in the league and it would be shame to shatter that.
22/05/2009, 8:10 AM
pineapple stu

You don't see the connection between the two, then?

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