Release of €1m to ease Cork's pain
Sunday November 21st 2004
http://www.unison.ie/sportsdesk/stor...=12&si=1291478
EXCLUSIVE
SEÁN RYAN
WHILE Cork City fans may be deflated at having the eircom League title snatched from their grasp on the last night of the season, new FAI supremo John Delaney was able to offer them some welcome news yesterday.
A total of over €1m, set aside for the development of Turner's Cross and two other Cork soccer complexes, will shortly be released following negotiations initiated by FAI financial director Peter Buckley.
"This money comes from the sale of Bishopstown Stadium over two years ago," explained Delaney. "It was sold for €1.7m subject to planning permission and on receipt of a deposit. It is only in the last month that Peter Buckley has been able to bring the deal to a conclusion."
The FAI originally paid €500,000 for Bishopstown and the €1.2m profit they have made is earmarked for the Munster FA's development of Turner's Cross, the Mayfield complex, and possibly another complex in Ballincollig. In each case, the Government will provide a further 80 per cent funding for the various projects.
In Cork City's case, the Turner's Cross development, which will see the famous Shed end replaced by a 1,500-seater stand, including corporate boxes, won't happen in time for City's UEFA Cup challenge next summer. As a result, City will be forced to play their European games to a reduced capacity of 5,500, as seating is mandatory for UEFA Cup ties.
Cork City are the best supported team in the Eircom League, with their gate receipts accounting for 60 per cent of the €1m it costs to run the club, according to Chairman Brian Lennox. "The remaining 40 per cent comes from the commercial side, but I would like to see that percentage grow."
Lennox has overseen a revolution in his three years in charge - and he has set his sights on being top dogs in the League next season.
In European competition, his aims are not so clear yet. "I set out this year that we should get to the semi-final of the Inter Toto Cup, but we went out at the quarter-final stage. I haven't set my targets for next year yet."
Lennox believes that a club won't make money from Europe until it gets into the Champions' League and says: "Too many clubs just go for the trip, and if the players know that it's hardly worth taking part. All our players now have the experience of having done well in Europe, and the negative experience of coming back and losing - and that will help too. When we had our 'clear the air' meeting before our good run, it was the players who were dissatisfied with their own performance, they felt they had let themselves down."
Lennox is upbeat about the future. "We have a product, a show, an entertainment, we have customers rather than fans. We have a lot of families on Friday nights in Turner's Cross."
Without the luxury of a Lansdowne Road if they progress in Europe, the FAI's release of funds to develop Turner's Cross is a welcome boost to this progressive club.