Out of Examinership

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Originally Posted by micls

Higgins who at Cork City was supposed to go and offer this deal exactly? It may sem all the one to you and fair enough but were talking about practicalities here.

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The owners of Cork City FC should have agreed this deal. They could have and they didn't.

I think you know what I'm trying to say here?
I'm trying to say Arkaga were Cork. You seem to have some ability to draw a line under what Arkaga done as not being the actions of Cork City FC. Your previous owner sold to Arkaga and while they appear to be the biggest shower of (insert your own comment) going, they were Cork City FC.

As mentioned previously.. Ollie would not listen to anybody while he was owner of Shelbourne yet I have to fully accept it was Shels that over spent and now owe a small fortune.

As for the part about Matthews not being on 100K...
You're right there,,, He is/was on a hell of a lot more!!

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Originally Posted by higgins

When I asked for more information you couldn't give it.

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:rolleyes:

Your main asset was held in the name of the company that ran up huge debts, which I'm saying was silly to begin with. For the point of that argument, the precise details (freehold, leasehold) are irrelevant. You're now complaining that you couldn't go into examinership because of your own stupidity. If you want to argue that (the "more information" you said wasn't forthcoming), fire ahead. If you want to erupt in empty hysterics again, then good luck to you.

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Originally Posted by pineapple stu

You're now complaining that you couldn't go into examinership because of your own stupidity.

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What are you on about ?

Not once have I ever said Shelbourne should have went into examinership. In fact if it was still open to us in the morning I'd be against it. We ran up those debts and we should have to work them all off, over time.

Stu you know next to nothing about the Shelbourne situation.
Please stop pretending you do.

My point is that Shelbourne were demoted and told we were lucky to even get a First Division licence in 2006 yet we didn't worm our way out of any debts like Cork and Drogheda and Rovers before them have.

Pointing out that the advantage gained by the likes of Rovers and Cork and now possible Drogheda was as big if not bigger than Shels yet Shels will have to pay for it for years to come.

I'm not annoyed over having to pay debts!! :confused:
We should have to pay those debts and if the club folds as a result well it's Ollie Byrnes fault..

However the FAI should look at the situation from a sporting position and see the advatage certain clubs now have over others and punish them accordingly.

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Originally Posted by higgins

we didn't worm our way out of any debts like Cork and Drogheda and Rovers before them have.

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So everyone is wrong except Shelbourne, ah right i think i see where you are going with this. Fair play Higgins, you da man !! :eek:

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Originally Posted by higgins

I just micls is kind of defending the actions of Cork City FC.

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Eh no I wasnt....

I was explaining that the current CCFC(without Arkaga) had no choice.

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Originally Posted by higgins

... yet we didn't worm our way out of any debts like Cork and Drogheda and Rovers before them have.

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Higgins, I've agreed with much of what you've written but this is stretching it.

For any company (football club or not) to follow the examinership route through the High Court is perfectly legal and acceptable, it is not worming out of debts and I'll remind you that the deal our creditors accepted could still see them repaid in full.

If we win the Setanta Cup 70,000 will be handed to the examiner to distribute. If Kevin Doyle makes the rumoured 10 million stg. winter move to Spurs the examiner will be handed 640,000 to distribute. We also hold sell on clauses on Bennett, Long, O'Donovan, Meyler and there's a chance that between them could generate some extra cash.

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Originally Posted by higgins

The owners of Cork City FC should have agreed this deal. They could have and they didn't.

I think you know what I'm trying to say here?
I'm trying to say Arkaga were Cork. You seem to have some ability to draw a line under what Arkaga done as not being the actions of Cork City FC. Your previous owner sold to Arkaga and while they appear to be the biggest shower of (insert your own comment) going, they were Cork City FC.

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Who said any differently. If you can find a post where I said Arkaga/Cork city at teh time shouldnt have paid teh debts Il be shocked.

I was talking about Cork City(post Arkaga, who were in a position where because of Arkaga(Cork City then) didnt have the option of paying off the debts over time

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Originally Posted by higgins

The owners of Cork City FC should have agreed this deal. They could have and they didn't.

I think you know what I'm trying to say here?
I'm trying to say Arkaga were Cork. You seem to have some ability to draw a line under what Arkaga done as not being the actions of Cork City FC. Your previous owner sold to Arkaga and while they appear to be the biggest shower of (insert your own comment) going, they were Cork City FC.

As mentioned previously.. Ollie would not listen to anybody while he was owner of Shelbourne yet I have to fully accept it was Shels that over spent and now owe a small fortune.

As for the part about Matthews not being on 100K...
You're right there,,, He is/was on a hell of a lot more!!

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for the record, isnt Matthews on about 70/80k a week at City? never heard any rumours suggesting he was on any more than that but have heard plenty of consistent rumours for that figure - of course thats all they are, rumours. If he was on any more than that its disgusting.

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Originally Posted by El-Pietro

for the record, isnt Matthews on about 70/80k a week at City? never heard any rumours suggesting he was on any more than that but have heard plenty of consistent rumours for that figure - of course thats all they are, rumours. If he was on any more than that its disgusting.

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That's the most ridiculous suggestion I've ever seen on a forum :D
It's a matter of Public record that the total wage bill for Cork City was roughly 55,000 per week, that's 15,000 less than you're attributing to Mathews on his own. I assume there's a typo (or a few beers) in there somewhere.

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Originally Posted by tiktok

That's the most ridiculous suggestion I've ever seen on a forum :D
It's a matter of Public record that the total wage bill for Cork City was roughly 55,000 per week, that's 15,000 less than you're attributing to Mathews on his own. I assume there's a typo (or a few beers) in there somewhere.

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should have read per year of course!

just got my own tiktok! and not even on the right forum, that must be a first

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Originally Posted by El-Pietro

should have read per year of course!

just got my own tiktok! and not even on the right forum, that must be a first

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Ah! don't you start :)