Petition to wind up: Cork City Investment FC Ltd

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Originally Posted by eamo1

Have Cork been relegated yet??:rolleyes:

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The issue is our being late paying taxes.

Most clubs in the league [probably bar Shamrock Rovers and Wexford youths] have been guilty of this over recent seasons, it's between the club and the revenue and should only affect our points total or licence were it to mean our tax clearance certificate was revoked.

It's sad when small clubs main hope of hanging onto top flight football is by wishing others go out of business or hit financial difficulties. It must be so hard to be a minnow. :D

http://www.independent.ie/business/i...s-1748865.html

Independent.ie
Cork City FC owner must pay €180,000 to creditors
By Laura Noonan
Saturday May 23 2009

THE owner of embattled Cork City FC, who has just days left to clear the club's €200,000 tax bill, has himself been hit with a €180,000 judgment.

The judgment against property developer Tom Coughlan is listed in this week's issue of debt monitor 'Stubbs Gazette'. It was registered by Dublin firm Clarkson Financial Planning Consultants on May 13.

The circumstances surrounding the judgment remains unclear. Mr Coughlan failed to return several calls to his mobile phone over a two-day period.

Meanwhile, Mr Coughlan has until Monday to come to an arrangement with the taxman over Cork City's €200,000 bill.

Confident

Earlier this week, Mr Coughlan told RTE's 'Monday Night Soccer Show' he was "very confident" that Cork's fans would continue to "have a team to support". "We're in negotiations with the Revenue," he added.

The latest issue of 'Stubbs' also shows a €1.48m judgment against Galway builder Brendan Tuohy, with an address at Moyleen, Loughrea. The judgment was registered by Michael Earls and Maria Earls, both of Ashview House, Bullaun, Loughrea, on May 11.

Other judgments include two €157,000 sums by Dublin-based Grace Park Estates, one against accountant Michael Cremin, of 1 Cherrygarth, Mount Merrion, Co Dublin, and the other against accountant Patrick Cremin, of Apartment 66, Block A2, Littlewood, Bellermine Avenue, Newtown Little, Stepaside, Co Dublin.

- Laura Noonan

In case anyone is wondering, making it into Stubb's for a charge being registered is pretty serious. It's what happens when every other avenue has been exhausted.

I'm sure the Derry lads have done their homework on it alright.

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Originally Posted by OneRedArmy

In case anyone is wondering, making it into Stubb's for a charge being registered is pretty serious. It's what happens when every other avenue has been exhausted.

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Clarkson Financial eh?

The same Conor Clarkson who tried to acquire development land in Tallaght by investing in Rovers :D

I heard over a month ago that Coughlan has Personal tax Problems with the revenue so if that is true they will not go lightly on him or CCFC.

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Originally Posted by adamd164

I'm sure the Derry lads have done their homework on it alright.

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Not really, its just part of my job.

Anything constructive to add?

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Originally Posted by OneRedArmy

In case anyone is wondering, making it into Stubb's for a charge being registered is pretty serious. It's what happens when every other avenue has been exhausted.

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Originally Posted by OneRedArmy

Not really, its just part of my job.

Anything constructive to add?

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What services/products did Clarkson Financial Planning Consultants provide for Tom Cloughan?
Did CFPC provide that part to Stubbs Gazette?

Stubbs used to be a place for companies who had Bad debts to place their grievances.

Linking Stubbs Gazette with Construction, that's too cool!

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Originally Posted by HarpoJoyce

What services/products did Clarkson Financial Planning Consultants provide for Tom Cloughan?
Did CFPC provide that part to Stubbs Gazette?

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I'm sure they provided it to the High Court which is all that matters.

They should definately get points deducted...

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Originally Posted by L.T.F.C.

They should definately get points deducted...

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Would be dissapointing if we do as City are looking like genuine title conteders this year. We will know a whole lot more this time tomorrow.

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Originally Posted by L.T.F.C.

They should definately get points deducted...

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There's absolutely no reason why we should get points deducted at this stage.
Also, Coughlan's personal tax issues will be [and should be] kept completely separate to those Cork City, it's not good news for City supporters that the man bankrolling the club has money worries, but for tomorrow it's irrelevant.

Anyway, we'll know whether CCFC exists anymore in about 13 hours, hearing is at 11am tomorrow morning. I'll be spending the next 7/8 spent trying to sleep and not think about it.

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Originally Posted by tiktok

There's absolutely no reason why we should get points deducted at this stage.
Also, Coughlan's personal tax issues will be [and should be] kept completely separate to those Cork City, it's not good news for City supporters that the man bankrolling the club has money worries, but for tomorrow it's irrelevant.

Anyway, we'll know whether CCFC exists anymore in about 13 hours, hearing is at 11am tomorrow morning. I'll be spending the next 7/8 spent trying to sleep and not think about it.

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I'd just like to wish CCFC well tomorrow.

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Originally Posted by tiktok

There's absolutely no reason why we should get points deducted at this stage.
Also, Coughlan's personal tax issues will be [and should be] kept completely separate to those Cork City, it's not good news for City supporters that the man bankrolling the club has money worries, but for tomorrow it's irrelevant.

Anyway, we'll know whether CCFC exists anymore in about 13 hours, hearing is at 11am tomorrow morning. I'll be spending the next 7/8 spent trying to sleep and not think about it.

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Unfortunately in the absence of other parties willing to invest, his personal situation is absolutely relevant.

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Originally Posted by brianw82

I'd just like to wish CCFC well tomorrow.

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Go and sh*te. I wish they'd get their house in order, regardles of whether it Coughlan or the club itself. It's not a matter of luck, it's a matter of rules. If they've done things right they won't have a problem, simple as.

And lads this isn't a mud slinging excercise on my part, i don't want you to have luck, i want you to have a competant and finacially viable club as i'm sure you do, so please lets not have this turn into a slagging match.

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Originally Posted by Hairy Bowsie

Go and sh*te. I wish they'd get their house in order, regardles of whether it Coughlan or the club itself. It's not a matter of luck, it's a matter of rules. If they've done things right they won't have a problem, simple as.

And lads this isn't a mud slinging excercise on my part, i don't want you to have luck, i want you to have a competant and finacially viable club as i'm sure you so please lets not have this turn into a slagging match.

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If they've done things right, then they'll be ok.
If they haven't, they'll be wound up.

I'd rather the former.

Yeah but i believe that if they haven't done things right, if they haven't played by the rules then they should be punished for it, whatever the punishment may be. You do the crime and all that. For the sake of the arguement, i don't want them gone either.

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Originally Posted by Hairy Bowsie

Go and sh*te. I wish they'd get their house in order, regardles of whether it Coughlan or the club itself. It's not a matter of luck, it's a matter of rules. If they've done things right they won't have a problem, simple as.

And lads this isn't a mud slinging excercise on my part, i don't want you to have luck, i want you to have a competant and finacially viable club as i'm sure you so please lets not have this turn into a slagging match.

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Did your Road to Damascus moment happen before or after Shels imploded?

You know what, i knew it would be a Derry fan who'd jump first.

Careful getting down off your high horse there. I always find it hilarious when the Derry fans (not all it must be said) have this holier then thou attitude when the fact is, I know what Jim Roddy got up too when he was at your club and none of you have a clue.

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Originally Posted by Hairy Bowsie

You know what, i knew it would be a Derry fan who'd jump first.

Careful getting down off your high horse there. I always find it hilarious when the Derry fans (not all it must be said) have this holier then thou attitude when the fact is, I know what Jim Roddy got up too when he was at your club and none of you have a clue.

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Statute of limitations has long passed on our last crisis.

Anyway, I wasn't the one demanding Cork be thrown to the dogs. There by the grace of God etc.

So, getting back to your new found love of financial probity, when exactly did it kick in, early 07?