Already some dissident republicans in the city are ****-a-hoop at what they see as a "Free State slap in the face to the city of Derry".
The entry of City into the LOI provided an alternative to the sterile political violence going on in Derry in the mid-1980s. Derry people were able to escape from the place and visit parts of Ireland (and indeed Europe) where many had never been before, and were able to forge friendships and contacts. In return, southerners and European supporters were welcome in the city of Derry and at the Brandywell.
Now all that good work is threatened and the potential exists for a poisoning of relations between North and South.
If Derry does not have an active senior football club, and preferably one participating in an All-Ireland league, there are those of us who genuinely fear that with the Bloody Sunday report and a UK general election both looming, young people may be lured by the counter-attraction of dissident republicanism which may step in to fill the void. This would be disastrous.
Certainly, Derry City Football Club deserve to be punished. But let's not throw the baby out with the bath-water. There are other sanctions available to the FAI without robbing the city of Derry of its senior football status. And this issue cannot be seen in isolation from its impact politically, socially and culturally on the city and on cross-Border relations.
I am aware that political representations are already underway and I hope these bear fruit. I am also aware (because I have been approached to participate) that, failing a resolution of this matter, protests may be staged at the FAI Cup Final and at both legs of the Ireland v France play-offs; Derry City supporters have built up a rapport with some Paris St. Germain fans through UEFA Cup matches with them and avenues are already being explored there - I hear - towards a joint demonstration.
Hopefully, it'll all blow over. Some of the alternatives are too painful to ponder.
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