Cork City Examinership

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14/08/2008, 5:15 PM
micls

Quote:

Originally Posted by Monkfish

Good question, any chance of points deductions at any point?

Id imagine so, but tbh thats the least of our worries right now
14/08/2008, 5:16 PM
higgins

Arkaga can't just run up debts and walk away from them.

As part of the licensing agreement you have to sign saying you are liable to any debts run up for that season.

They CAN'T walk away.
They can screw you over by not paying players on time and ruining your football club but they will have to pay for it at some stage.

However, IF those debts were that big when they arrived then I suppose it goes back tot he deal done between Lennox and Arkaga.
14/08/2008, 5:21 PM
pineapple stu

Quote:

Originally Posted by higgins

As part of the licensing agreement you have to sign saying you are liable to any debts run up for that season.

I wonder how legal that agreement would be though? I'd be sceptical that an agreement with the FAI - who ultimately have nothing to do with it - wouldn't have a get out clause legally. All depends on what the piece of paper says though.
14/08/2008, 5:24 PM
passerrby

Quote:

Originally Posted by higgins

Arkaga can't just run up debts and walk away from them.

As part of the licensing agreement you have to sign saying you are liable to any debts run up for that season.

They CAN'T walk away.
They can screw you over by not paying players on time and ruining your football club but they will have to pay for it at some stage.

However, IF those debts were that big when they arrived then I suppose it goes back tot he deal done between Lennox and Arkaga.

you maybe right but i suspect that the undertaken given by clubs to the fai at the start may not be legally binding. if a club does not have the finances then nothing can be done plus i dont know if the parent company can be made liable but as i said im not to sure.
14/08/2008, 5:26 PM
Shiba

Quote:

Originally Posted by RonnieB

Wonder if points deductions may be levied.

I can't workout why this question keeps coming up at the moment.We all know the rules and that in the past clubs have been punished.Now is not the time for that discussion.The league is a real crisis,its time to consentrate on that or there will be no teams left to deduct points from.
14/08/2008, 5:26 PM
Longfordian

The legal criterion in the Licensing is taken very seriously (not saying that others aren't) and I'd say there's very little wiggle room. All the documents submitted are reviewed by the FAI's legal affairs person, Sarah O'Shea I think is her name and from all reports she's thorough.
14/08/2008, 5:27 PM
pineapple stu

What were they punished for though? Lying on their licencing in Rovers' case; not sending it in for Longford. Different case here.
14/08/2008, 5:30 PM
passerrby

Quote:

Originally Posted by Longfordian

The legal criterion in the Licensing is taken very seriously (not saying that others aren't) and I'd say there's very little wiggle room. All the documents submitted are reviewed by the FAI's legal affairs person, Sarah O'Shea I think is her name and from all reports she's thorough.

yes but the contract is to sevice all depts that may fall due and can be paid but no law can make you pay what you have not got.
14/08/2008, 5:34 PM
Shiba

Quote:

Originally Posted by Mental Man

I would be very careful with the words you choose, it could come back to bite you, anyway couldnt happen to a nicer set of supporters :D
I have to admit i do pity the few city supporters that are genuine ( but they are rare ):p

Cant understand how people can be happy with how things are going! Its the league we all enjoy.
14/08/2008, 5:37 PM
pineapple stu

Quote:

Originally Posted by Shiba

Cant understand how people can be happy with how things are going! Its the league we all enjoy.

It's unfortunate for Cork and their fans, but ultimately it's good for the league that this nonsense comes to a halt as soon as possible. Properly run clubs are getting ridden rock solid by clubs like Cork; hopefully that'll start to change. Not holding my breath just yet though.
14/08/2008, 5:39 PM
Longfordian

Quote:

Originally Posted by passerrby

yes but the contract is to sevice all depts that may fall due and can be paid but no law can make you pay what you have not got.

Arkaga have the money to pay any debts accrued by Cork, I'd be quite sure of that.
14/08/2008, 5:46 PM
passerrby

Quote:

Originally Posted by Longfordian

Arkaga have the money to pay any debts accrued by Cork, I'd be quite sure of that.

I agree but they dont have to
14/08/2008, 5:51 PM
Longfordian

They do, that's the whole point of their guarantee. If Cork can't pay Arkaga are responsible under the guarantee they provided to the FAI.
14/08/2008, 6:04 PM
mypost

Quote:

Originally Posted by blackholesun

btw IIRC Rovers were deducted 9 points for submitting a dodgy set of figures (i.e. the same set as the year before) to the league, and went from +8 to -1 points. Rovers were not deducted points for going into administration, but I think the league might have brought in a rule after that, that you loose points if you go into administration ala what happens in England.

Clubs living beyond their means have only themselves to blaim. Offering 1000's a week to LOI players is not sustainable unless you average gate is close to 10K a week and no club to close to that at the moment!

As Plantini says "its the cheats who are winning"!

We were deducted the 8 points we had gained until that point, which brought us back to 1 following a draw at Pats on the night the punishment was applied.

In Germany, you're only awarded a licence if you're a members-owned club. Maybe that should apply here as well. :cool:
14/08/2008, 6:13 PM
wexfordseagull

no one has mentioned it yet,but is the amatuer/part time club the only way to go at present?too much competition from the premier league on tv,leaving those who come to LOI matches occasionally with an unrealistic expectation of a professional full time LOI standard of games.in wexford people know we are amateur made up of local players that we hope will in time become a decent side,no unrealistic expectations,800 average crowds,small outgoings.i am looking forward to going to cork for the semi-final and hope that you can overcome your financial difficulties,good luck
14/08/2008, 6:22 PM
ORPCS

Full-time summer football yes - but once LOI clubs start playing players more than €1300 a week, then its time to allow them to ply their trade in League 2 in England. It cant be sustained in this country (even with Cork being the best supported team in the country). Reality check required here.
14/08/2008, 6:37 PM
pete

Quote:

Originally Posted by wexfordseagull

no one has mentioned it yet,but is the amatuer/part time club the only way to go at present?too much competition from the premier league on tv,leaving those who come to LOI matches occasionally with an unrealistic expectation of a professional full time LOI standard of games.in wexford people know we are amateur made up of local players that we hope will in time become a decent side,no unrealistic expectations,800 average crowds,small outgoings.i am looking forward to going to cork for the semi-final and hope that you can overcome your financial difficulties,good luck

How much is Wallace bankrolling you? Is he just putting money into facilities or day to day expenses?

I think some first division clubs need to be amateur based on very low crowds.
14/08/2008, 9:10 PM
stickyjoe

Quote:

Originally Posted by pineapple stu

It's unfortunate for Cork and their fans, but ultimately it's good for the league that this nonsense comes to a halt as soon as possible. Properly run clubs are getting ridden rock solid by clubs like Cork; hopefully that'll start to change. Not holding my breath just yet though.

best post in the thread & I hope Pats, Drogs and Bohs fans are taking notice of today and starting to ask questions themselves.

Feel sorry for some of the City fans but not for the majority that were happily jumping on Rovers and Shels graves over the last couple of years
14/08/2008, 9:54 PM
paudie

All of a sudden Brian Lennox seems a business genius for keeping a succesful Cork City going single handed for a number of years without getting us into this kind of trouble.
14/08/2008, 10:05 PM
higgins

Quote:

Originally Posted by pineapple stu

I wonder how legal that agreement would be though?

I assume the FAI were not too happy with people like those at Rovers running up massive debts and just fecking off leaving a football club and its fans to foot the bill.
It was more or less a game and if you were voted in top dog you played the game and if you failed well tough sh!t just walk away.

That's changed.

Signatures were required this year so whoever signed for that at Cork City are liable for the debts run up. If they go unpaid then whoever signed will at some stage be chased for the money and taken to court I guess if it's not paid.

Arkaga CAN'T turn their backs on a debt. I'm fairly sure the FAI are correct with the statement they released today, they were talking about the agreement signed as part of the license process. If the creditors at Cork are going to sue then whoever signed that agreement is who they need to chase. It's simply not possible for them to leave and creditors not be paid due to Cork having no money.

Who or what signed that agreement is another thing !!

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