Cork City Financial Discussion

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Originally Posted by holidaysong

Why would it though? Lots of clubs have been relegated and survived. With a fan base the size of yours you should be able to cope more than most.

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If we lost the license it would be relegation to the A championship rather than first division. With our contract commitments a 5 month season would see us in the same mess as last season but we would go straight to liquidation this time.

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Originally Posted by micls

If we lost the license it would be relegation to the A championship rather than first division. With our contract commitments a 5 month season would see us in the same mess as last season but we would go straight to liquidation this time.

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I'd imagine with the situation the club was in that they had the foresight to put clauses in the player's contracts that they could be ripped up if the club were to drop to the A Championship. You don't have any debts though as far as I'm aware so the players contracts would be the only thing that could get you into trouble?

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Originally Posted by holidaysong

The FAI said there would be but as far as I know they didn't actually give any details. Are we looking at things like 40 point deductions (i.e. the difference between Europe and relegation)?

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I've no clue. I just know that some clubs were pushing hard for something along those lines. Thinking back on it, I don't even remember whether ANYTHING was agreed

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Originally Posted by holidaysong

I'd imagine with the situation the club was in that they had the foresight to put clauses in the player's contracts that they could be ripped up if the club were to drop to the A Championship.

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:D

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Originally Posted by holidaysong

You don't have any debts though as far as I'm aware ?

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I wouldnt be presuming that. We've had 6 months to be building up debts.

I don't know though, no one but TC does Id imagine

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Originally Posted by Jersey Cow

Does anybody seen as both Shels and Drogs not to mention Bohs got licenses yet they are not sure if they will see the season through!!!

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Why shouldnt we have gotten a licence? We are sure well see the season through.

Any news on the financial situation ?

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Originally Posted by corkboy360

Any news on the financial situation ?

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Everything is Grand.

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Originally Posted by pete

everything is grand.

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eig ;)

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Originally Posted by pete

Everything is Grand.

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Hopefully it will stay that way :D .