I'm sure the cheque is in the post.
Okay cheers lads, but I don't think Cork are out of the woods yet. The manner in which any 'stake attempt' or take over is going ahead seems to rushed and it is only inviting more problems. I know it might be fire fighting but I suspect the winds of change may well re-ignite the flames in the coming months.
It's not rushed at all.
It's not something that I can see happening before the licencing decision to be honest.
Revenue date on Monday will be adjourned due to the negotiations I'd imagine, then the ball is in the FAI's court and we'll see the risk/fudge ratio calculators coming out.
Tiktoc the deadline is the very reason I think things are being rushed. It might be better in the long run for Cork to miss the deadline and get things firmly in place prior to getting things going on the football field. Alas this may well mean a First Division licence but is that not better than another season of Cork=Mud?
The people interested in taking over are not going to rush into anything, they're under no illusions with respect to the due diligence that will need to be carried out, so that no surprises pop out. The licence application is the responsibility of Coughlan and Meaney, the general manager, the only pressurized decision here belongs to the FAI.
Will they fudge the licence in the hope Coughlan sells, thereby running the risk that Coughlan would pull out of the deal once he gets that licence?
First Division Licence sounds like an easy way out for them. Wouldn't be surprised to see that happen.
Full story: http://www.loi.ie/index.php/about/pr...se-against-faiQuote:
“This High Court victory vindicates the independent disciplinary committee’s actions. Their finding that Mr Tom Coughlan brought the game into disrepute and their sanction now stands. By ignoring the internal appeals process open to him and engaging in a costly and entirely unnecessary Judicial Review application to the High Court, Mr Coughlan has squandered money that should have gone into League of Ireland football. We again call on Mr Coughlan to stand down from the untenable position he holds at Cork City FC in the interests of the game, the club and most importantly its fans. We thank our Legal Counsel and our solicitors in A&L Goodbody for their assistance in this case.”
In a way it's a little unfair for the LOI or FAI to ask for someone to stand down (people in glasshouses etc) but the whole situation surrounding this case/club is nuts. The supporters do deserve better yet I have an awful feeling there's a long, long way to go in this saga yet. What bets that this "show of strength" is to scare the FAI into getting a licence, and it's almost as if he's hired Rod as his personal advisor.
Depends on what the takeover involves. They wont give Tom any sort of Licence but if a new group is definitely taking over especially if FORAS are on board they may bend the rules. The Licensing Committee can make a decision to demote them and give them a sanction that the TCC has to be in place or they can't start the season. A fudge in other words
if the FAI didn't ask him stand down theyd have even less credibility! They'll be a few twists and turns yet but I reckon the tools game is up at long last. In the overall sceme of things ensuring we're rid of him for once and for all is way more important than what division we're playing in.
The problem with this is that its doubtful the takeover could happen before the licences were handed out. Meaning if the FAI were to give CCIFL a premier or first division licence in the hpoes of a takeover TNB could pull out at the last minute and keep the licence.
The people taking over wont sign anything until due diligence has been completed and given the previous abandonned attempt at an audit I dont think that will be completed before licencing.
It's kind of a Catch 22, if they don't give him a Licence would the takeover still go ahead?. Would the investors not be better off to go into partnership with the FORAS backed team?. On the basis of the Derry situation they should be able to get into the First Division.
Thats assuming FORAS have everything in place, squad, manager, backroom staff not to mention off field stuff like sponsorsip, insurances, stadium, money etc. 2 weeks is too little notice. It now looks as if TNB is finally on his way out and the present CCFC entity is all but dead and buried. The FAI on Monday will refuse to grant the license to the waster giving the green light for FORAS to set up a new Cork club, this time run and owned by the fans. Not only would it be debt free but also langer free.
http://www.extratime.ie/newsdesk/articles/2824/
That's news to the members of the Trust I'd say :rolleyes:Quote:
"Last week, the supporter group FORAS, who want to create a new Cork team, caused quite a stir when they reportedly upgraded their application from Newstalk A Championship to First Division particpation"
Load of nonsense, who's supposed to have done this 'informing'. It can't be the FAI, they have no control over the trading names that CCIFL own. The mechanisms by which the club name could be 'transferred' to a new entity are well known to everyone at this stage, and the people who control the name are Tom Coughlan, and if he's wound up, the liquidator.Quote:
"They submitted the application in case Cork City were refused a licence and were unofficially informed that they would have a chance of transferring the club’s name and history to the new team."
Do you not just apply for a Licence to participate in Senior LOI competition and not for any particular division?
If so, how would FORAS upgrade their application from A Licence to First Division?
Coughlan stepping down as chairman
no choice after yesterday.
I'd much rather he stepped down as owner.
If TNB gets a licence for the Premier, could (would) FORAS protest? All it'd take (in theory...) is one person to come out and say that they're owed money and haven't agreed to a deferral to show the licence is invalid; there seem to be plenty of people like that around.
Confirmed now. Ultimate triumphs begin with small victories like these.
If FORAS did start a club would it have to start in the A championship?
Offtheball on Newstalk tonight "promises" to have some "very important news regarding Cork City", according to a promo.
Roddy pops up a lot on Newstalk, this big news is obviously coming from him. Cork fans beware.
There grounds would be that the 'new' Derry city did exactly the same. If your face fits the rules are different.