Cork City denied a licence; club to be wound up; FORAS to enter First Division

no.

The club has been wound up this time - to be rubber stamped at 2pm tomorrow unless revenue are paid

The consortium has the money to pay the revenue ready to go, just waiting on a license in the next half an hour and it will be over.

http://www.examiner.ie/breakingnews/...ty-447284.html

Rod on NT tonight.

Love this "put your money where your mouth is" but I have to ask, is it just me or does she seem a wee bit partial to old Tom?

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Originally Posted by Leeside Swagger

A stay has been put on the winding up order until 2pm tomorrow according to newstalk. The debts have to be cleared by then.

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The postponement to the postponement of the postponement of the winding up order has been postponed.

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Originally Posted by redgav

Im sure the loss of all 14 Bray fans that travel to the cross will see the club go to the wall for certain this time.

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The infamous Carlisle Grounds wall?
Presumably if Cork aren`t RRS by that shower up in Dublin, Bray won`t be playing Cork in the league next season

A Stay has been put on the winding up order but not the granting of a licence so that could (should) still be gone by this evening.

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Originally Posted by redgav

Im sure the loss of all 14 Bray fans that travel to the cross will see the club go to the wall for certain this time.

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Brilliant! Well done on that one.
What about the crowds Shamrock rovers would bring down?

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Company has been wound up but a stay has been placed on the order until 2 tomorrow. If a licence is granted and the revenue are paid before 2 tomorrow the deal will be done and the windup order will be lifted.

Its up to the FAI now. Not a hope in hell they can grant a licence as per their own rules...but...!

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FFS enough is enough, **** or get off the pot consortium, enough hedging of your bets until you see what the Licence situation is.

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Originally Posted by John83

The postponement to the postponement of the postponement of the winding up order has been postponed.

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This is depressing stuff.

Just to rewind a bit.

Is the 107K still due to Revenue - Did the Ladbrokes guy get the 100k instead that TNB was supposed to have paid to Revenue from the Long transfer money?

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Originally Posted by Dalymountrower

The infamous Carlisle Grounds wall?
Presumably if Cork aren`t RRS by that shower up in Dublin, Bray won`t be playing Cork in the league next season

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You mean the small pitch permitter wall that 250+ fans pushed against at the same time?

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Originally Posted by El-Pietro

no.

The club has been wound up this time - to be rubber stamped at 2pm tomorrow unless revenue are paid

The consortium has the money to pay the revenue ready to go, just waiting on a license in the next half an hour and it will be over.

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What does this mean?

1. If the club are given a Premier Licence, they will pay the Revenue and the take-over will be complete.
2. If the club are given a First Division Licence, will the consortium pay the Revenue and the take-over will be complete.
3. If the club are given a First Division Licence, the consortium will not pay the Revenue, the take-over doesn't go through and the club is wound up.

Is it still a case of guns to the head of the FAI/ILC??

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Originally Posted by harps1954

What does this mean?


3. If the club are given a First Division Licence, the consortium will not pay the Revenue, the take-over doesn't go through and the club is wound up.

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I would think this can't happen as the judge said either takeover or don't, no clauses. So if they don't get the licence now they can't just back out.

And again, if Cork are relegated this year will the Consortium walk away?

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Originally Posted by Leeside Swagger

A stay has been put on the winding up order until 2pm tomorrow according to newstalk. The debts have to be cleared by then.

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You got to be kidding ,. If they do get a licence it should be the A championship with a 30 point reduction, with 10 points off for good behaviour at the end of the season ;)

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Originally Posted by harps1954

What does this mean?

1. If the club are given a Premier Licence, they will pay the Revenue and the take-over will be complete.
2. If the club are given a First Division Licence, will the consortium pay the Revenue and the take-over will be complete.
3. If the club are given a First Division Licence, the consortium will not pay the Revenue, the take-over doesn't go through and the club is wound up.

Is it still a case of guns to the head of the FAI/ILC??

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Looks that way alright. How can the FAI justify being blackmailed into awarding a Licence?. As of this evening, nobody has been paid, no tax clearance cert.

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Originally Posted by Jofspring

I would think this can't happen as the judge said either takeover or don't, no clauses. So if they don't get the licence now they can't just back out.

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Originally Posted by Jofspring

I would think this can't happen as the judge said either takeover or don't, no clauses. So if they don't get the licence now they can't just back out.

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Except if the license isn't issued tonight, they can decide not to pay creditors tomorrow (seeing as winding up order has begun to proceed - according to above post)

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Originally Posted by Dodge

Except if the license isn't issued tonight, they can decide not to pay creditors tomorrow (seeing as winding up order has begun to proceed - according to above post)

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But i got the impression they agreed to takeover in the court case so that is binding and they cannot back out now. Did i miss something along the way?

License application meeting pushed back to 7pm

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Originally Posted by redgav

License application meeting pushed back to 7pm

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oh you gotta be Sh**ing me....

does anybody really expect the FAI to do the right thing,

Wait, this is all over the place.
1. Didn't the FAI release funds from the Long transfer to Tom and co to pay revenue (which was done last Wednesday.
2. 2 reports on the radio - takeover not complete and takeover complete.
3. How can they justify giving a licence when blackmailed as it sets an almighty precedent.

edit: Licence to be given and battle ensues over shares with a pay off needed to rid the club of hangers on and then a series of court battles that cripple the progress of the club - I have an almighty fear of this happening and the ripple effect will hit other clubs - how much will external clubs rate our league, and thus players, in all this.

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Originally Posted by BreakingNews.ie

The High Court has heard that a consortium willing to pay Cork City's debts will do so if they are granted a licence by the FAI by 5pm this evening.

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Link.

I still can't get my head around FORAS buying a 20% share of a 1.2 million debt as opposed to starting a new club with a clean slate???

Just heard there that O'Keeffe "owned" Long and sold him to Burnley (ala Tevez), thats why he is saying he should have been paid first. The Judge is seriously p1ssed as she wanted it sorted today.2pm tomorrow is the new final deadline but we've heard that before....

At last............ a use for "An Modh Coinniolach"

If Cork City FC has changed ownership then the licence committee need to now dish out the punishment for the broken deadlines, 65% salary cap, non payment of players, non payment of creditors and the lies told.

That was all done in the name of Cork City FC, I don't care who the owner was at the time...

The FAI/ILC have never let a change of owner wipe the slate clean previously.
Why should they do it now?

I hope that a number of LOI clubs are also on to the FAI in the next two hours telling them to hold firm and not give into blackmail. Bray should be in the Premier Division Cork shouldn't.

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Originally Posted by weecountyman

Wait, this is all over the place.
1. Didn't the FAI release funds from the Long transfer to Tom and co to pay revenue (which was done last Wednesday.
2. 2 reports on the radio - takeover not complete and takeover complete.
3. How can they justify giving a licence when blackmailed as it sets an almighty precedent.

edit: Licence to be given and battle ensues over shares with a pay off needed to rid the club of hangers on and then a series of court battles that cripple the progress of the club - I have an almighty fear of this happening and the ripple effect will hit other clubs - how much will external clubs rate our league, and thus players, in all this.

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1. The money looks like it was paid by Stephen O'Keeffe which was a loan and what ****ed off the revenue so much,not gotten the full story from the court yet though
2.NEVER EVER trust Billy Barry
3.Don't care ..im off out to get hammered to celebrate a TNB freezone and the end to a 2 year nightmare

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Originally Posted by SMorgan

I hope that a number of LOU clubs are also on to the FAI in the next two hours telling them to hold firm and not give into blackmail. Bray should be in the Premier Division Cork shouldn't.

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Where's Maxi when you need him ;)

Have we got our own Maxi? Roo how are you fixed ;)

It is very sad to see FORAS as part of a consortium that is bullying its way to a PD license, have they learned nothing from this whole sorry mess? The FAI should hold off awarding the license till after 2 tomorrow. Its bray I feel for.

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Originally Posted by Mr_Parker

I still can't get my head around FORAS buying a 20% share of a 1.2 million debt as opposed to starting a new club with a clean slate???

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Its not 1.2 ,its under 600K...geting rid of the coughlans knocks 200k off it alone ...

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Originally Posted by SMorgan

I hope that a number of LOI clubs are also on to the FAI in the next two hours telling them to hold firm and not give into blackmail. Bray should be in the Premier Division Cork shouldn't.

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Thinly veiled - "I WANT EUROPEAN FOOTBALL!!!"

And I@m not saying you shouldn't get it either

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Originally Posted by mr.untitled

It is very sad to see FORAS as part of a consortium that is bullying its way to a PD license, have they learned nothing from this whole sorry mess? The FAI should hold off awarding the license till after 2 tomorrow. Its bray I feel for.

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No the FAI need to grow a pair and make the decision that everyone knows and pretty much agrees should be made....

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Originally Posted by Leeside Swagger

Just heard there that the Ladbrokes guy "owned" Long and sold him to Burnley (ala Tevez), thats why he is saying he should have been paid first. The Judge is seriously ****ed as she wanted it sorted today.2pm tomorrow is the new final deadline but we've heard that before....

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How was he registered as a Cork City player then?, if this interest wasn't declared to the FAI and FIFA then there could be another mess to sort out. Or ignore.

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Originally Posted by higgins

If Cork City FC has changed ownership then the licence committee need to now dish out the punishment for the broken deadlines, 65% salary cap, non payment of players, non payment of creditors and the lies told.

That was all done in the name of Cork City FC, I don't care who the owner was at the time...

The FAI/ILC have never let a change of owner wipe the slate clean previously.
Why should they do it now?

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Agreed, not to mention the behaviour of the consortium in attempting to bully them into awarding a Premier Licence. Is Cork City bigger than the integrity of the league?. We'll find out soon enough.

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Originally Posted by SMorgan

I hope that a number of LOI clubs are also on to the FAI in the next two hours telling them to hold firm and not give into blackmail. Bray should be in the Premier Division Cork shouldn't.

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Originally Posted by higgins

If Cork City FC has changed ownership then the licence committee need to now dish out the punishment for the broken deadlines, 65% salary cap, non payment of players, non payment of creditors and the lies told.

That was all done in the name of Cork City FC, I don't care who the owner was at the time...

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Thats how simple this situation actually is. The FAI won't be able to look any of the other clubs in the face if they ignore all this and award them a license, even first division is more than they deserve.

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Originally Posted by Longfordian

How was he registered as a Cork City player then?, if this interest wasn't declared to the FAI and FIFA then there could be another mess to sort out. Or ignore.



Agreed, not to mention the behaviour of the consortium in attempting to bully them into awarding a Premier Licence. Is Cork City bigger than the integrity of the league?. We'll find out soon enough.

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Well if we believe a well used footballing phrase.

"No one player is bigger than the club" by the same token "No one club is bigger than the League" but lets see if that holds true....

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Originally Posted by Longfordian

How was he regsitered as a Cork City player then?, if this interest wasn't declared to the FAI and FIFA then there could be another mess to sort out. Or ignore.

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It was probably never meant to come out like this and I doubt anything was declared to anyone. I dont have the exact details but thats the word from court.

According to here the Revenue are owed close to 164K I thought it was 107k....

So we now have (based on one radio report) a possibility where Cork have been messing around with contracts.

If only we had a precedent for action to be taken when clubs get caught with phony contracts...

tippex - at a guess, the E107k is what Revenue were suing for initially; the E164k is what it's up to now. So it seems it's now a case of pay everything or feck off. And I doubt they'd be slow to take action this season either.

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Originally Posted by redgav

Its not 1.2 ,its under 600K...geting rid of the coughlans knocks 200k off it alone ...

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Just going buy what was posted earlier...

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Originally Posted by Longfordian

Michael O'Connell has apparently said in the paper that the debts stand at €1.2m and they're prepared to take them on but Tom wants a pay off. I think he won't give a toss if the club gets wound up if he's not going to be getting anything out of the takeover.

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