See https://twitter.com/thephoenixmag/st...48312202846208
It's the Revenue that lodged it. Not good.
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See https://twitter.com/thephoenixmag/st...48312202846208
It's the Revenue that lodged it. Not good.
Dear o dear, here today gone tomorrow club, typical Limerick!
How many more clubs are in a precarious position? I am thinking off the top of my head Bray, Athlone and now Limerick.
Will Limerick even make it to the end of the season? It's a bit like the Austria-Hungary on 4th October 1918.
Old news is old.
The king is dead. Long live the king.
Pat O'Sullivan's Galtee Fuels went into liquidation in May, is that what this is in reference to, or is the club more directly?
It's the club.
There was a winding up petition presented to the High Court on 17th September against Munster Football Club Limited.
I don't see how it has much bearing on anything given the stage of the season.
Pretty damning indictment of the circus that it's the revenue that has been left unpaid.
Wow, that is serious. revenue don't rush into these things but when they do there tends to be one outcome, and its not good for Limerick.Usually Revenue will make every effort to avoid taking a winding up order unless (a) the company refuse to engage with them or (b) the company are a complete and utter basket case financially.
....we can only await Fran Gavin telling us "its all right, nothing to worry about" :rolleyes:
At this point, staying up is more a matter of making the club a better investment/purchase opportunity. As it stands I don't see how any kind of PD license could be granted for next season, survival or no.
If there's a club to give a license to that is, though I'd imagine the FAI would insure some ramshackle outfit would play out of Jackman to keep the numbers at 20.
It is and it isn't.
I mean obviously it's serious for the company but that company wasn't entering a team next year anyway.
We'll just have to wait until the new year to see if whatever poor eejit becomes the new saviour of Limerick senior football is a big money eejit like Pat O'Sullivan or a no money eejit. Or maybe we are all out of eejits. (I doubt it somehow)
Either way Munster Football Club Limited being wound up is fairly irrelevant.
And Bray might be saved from Relegation yet...
Revenue bill paid up Licence granted.......that's my prediction anyway.
St josephs boys relegated
Shels got three in a year back in the day and survived them all.
They don't rush into these things, but they tend to be very reasonable if you try to come to a deal - a reasonable downpayment and a repayment schedule will keep them happy.
But LTID's posts suggest the board mightn't be that bothered...
It'll be a real shame if we have to start from the bottom again, all that money Pat OSullivan put into the club all for nothing he'll be leaving the club in the same position (or worse) as when he took over, such a shame as things were looking positive for a while.
On the plus side they say there's no such thing as bad publicity 🙄🙄🙄
As someone on one of the fan pages pointed out, the clubs publicity activities have ceased bit by bit. The Facebook and Twitter pages last updated two weeks ago, and I don't think the website has been updated in nearly a month. I'd imagine the non playing staff/volunteers employed by the club have never been lower in number.
O'Sullivan certainly did pump a mountain of cash into the club, but there could be a lot written on how so much of it was ill-spent.
True. I forgot to add that if you had assets you were naturally in bigger trouble.
They are not the same bunch as back in the days when we all had so much money sure we didnt need taxes to be paid up. Its a lot less lenient now although there is wriggle room as Im sure they'd rather not push things to the point where they get nothing at all from forcing a winding up order straight off. But the days of throwing them a few bob to keep them off the backs, well I doubt a company would get 3 winding up orders from the revenue in one year again and still trade on.
The winding up petition is being heard in the High Court tomorrow morning.
Even money it gets put back to, oooh let’s say two weeks time?
Jokes on you, because its been put back three weeks.
Damnit
https://www.rte.ie/sport/soccer/2018...d-up-limerick/
All parties agree for a three week adjournment. Exact amount the Revenue is seeking not discussed.
All sorted. Everything is grand. Nothing to see here.
https://www.limerickleader.ie/news/h...is-sorted.html
Revenue frequently grant deferrals; usually means some agreement has been reached.
They typically don't want to put companies out of business - means they definitely won't be paying any tax in the future.
Beat Finn Harps and I'll believe anything is possible.
Absolutely. But a stay on the order wouldn't necessarily mean the whole thing was a wild goose chase
Winding up order has been thrown out. Some talk going around about a possible takeover involving some ex-players this week as well. We'll see.
Hopefully it all works out for Limerick. Days like the League Cup Final a couple of years ago shows the potential of the club if they can get it right
delighted that limerick has avoided the winding up order but what will happen to where ye will play next season?