Cork City Examinership

**John83** · 19/08/2008, 3:23 PM

Originally Posted by pineapple stu

I hope they save the club and drop behind us in the league.

I have no objection to that outcome.

FORAS is the crowd you're thinking of. But how advanced/organised they are I don't know.

That sounds like a government agency, a sister agency to F�S or something. Come on people, help Dave Mooney stay in a job...

**superfrank** · 19/08/2008, 3:24 PM

Originally Posted by John83

Come on people, help Dave Mooney stay in a job...

I think Reading are going to sort him out there.

**derm** · 19/08/2008, 3:42 PM

Originally Posted by pineapple stu

FORAS is the crowd you're thinking of. But how advanced/organised they are I don't know.

Due to formally launch on 1st of Sept, don't know if that has been brought forward. I've heard a rumour that fliers will be passed around for the Bray game, hopefully people will come out and save the club.

**fergalr** · 19/08/2008, 5:24 PM

Originally Posted by Mouthpiece

Just debating this in work, is there an automatic penalty for going into examinership under the new merged league?

I've asked this a few time and never got a response. I guess that it means that the FAI rules on this are a secret.

**DmanDmythDledge** · 19/08/2008, 5:41 PM

Originally Posted by Mouthpiece

Just debating this in work, is there an automatic penalty for going into examinership under the new merged league?

Originally Posted by fergalr

I've asked this a few time and never got a response. I guess that it means that the FAI rules on this are a secret.

I think I saw somewhere that it is relegation. I don't know how true this would be though. I don't think there is such thing as a company going into administration in this country so perhaps the punishment is the same as going into administration in England, although different associations will obviously have different rules.

Originally Posted by derm

Due to formally launch on 1st of Sept, don't know if that has been brought forward. I've heard a rumour that fliers will be passed around for the Bray game, hopefully people will come out and save the club.

Not having a go here at all but why has it taken so long for it to be launched? I thought it was first meetings about it were in early 2006?

**higgins** · 19/08/2008, 5:58 PM

There was no punishment when Rovers went into examinership. They were done for false accounts in the end. The FAI's way of making up for the lack of rules around examinership.

I thought then that the FAI introduced a rule of a points deduction similar to the english and scottish leagues.

**pete** · 19/08/2008, 6:11 PM

Originally Posted by pineapple stu

Given the wide range of rumoured debts (kit manufacturers, ground rent, training ground rent, programme printers), it's possible Arkaga haven't put a single penny into Cork.

That would be my reading into the numbers myself. They have been racking up this debt for probably the entire season. It is possible the Uefa Cup travel expenses forced their hands as they couldn't pay that from gate receipts.
No amount of Arkaga spin can change that. The O'Donovan transfer was post Lennox but not 100% sure if it was during Arkaga as it is complicated.

The reason people had a go at Shels fans was the head in the sand attitude of some of them. City fans were suspicious of Arkaga but we had little choice & accepted them at their word when they said budgeting for 1m loss & in the club for the long term. I did not not anticipate the impact of failing to pay bills for a year.

**Schumi** · 19/08/2008, 6:18 PM

Newstalk just mentioned debts of �1.3m including �370k in tax. Don't know where they got this from.

**soccerc** · 19/08/2008, 6:32 PM

Originally Posted by Schumi

Newstalk just mentioned debts of �1.3m including �370k in tax. Don't know where they got this from.

Court lodged documents

**pete** · 19/08/2008, 6:46 PM

Originally Posted by Schumi

Newstalk just mentioned debts of �1.3m including �370k in tax. Don't know where they got this from.

Tax was rumoured to be paid but did hear murmurs last Friday that this was not the case.

**Student Mullet** · 19/08/2008, 6:49 PM

Originally Posted by pete

Tax was rumoured to be paid but did hear murmurs last Friday that this was not the case.

Which should I believe? Does a murmur have a higher or lower standing than a rumour?

**Dodge** · 19/08/2008, 7:10 PM

Wasn't Mooney part of the Rovers side when they went into examinship? And part of the Longford side docked points?

Now I'm not saying he's a club killer but you have to ask questions of the lad

**Longfordian** · 19/08/2008, 7:17 PM

Hmm if Reading end up in administration there's definitely a gypsy curse on the lad..which he picked up at Rovers obviously, the gypsies being well known for their loathing of all things Rovers. In all seriousness though if he ends up at Reading I hope he makes a go of it, he's worked hard the last couple of years to progress as a player and it's paid dividends.

**pineapple stu** · 19/08/2008, 8:06 PM

Originally Posted by Dodge

Wasn't Mooney part of the Rovers side when they went into examinship? And part of the Longford side docked points?

Now I'm not saying he's a club killer but you have to ask questions of the lad

Yep. Hope he goes to Sunderland.

**Martinho II** · 19/08/2008, 8:36 PM

[QUOTE=Dodge;1002771]Wasn't Mooney part of the Rovers side when they went into examinship? And part of the Longford side docked points?

mooney was with rovers for the first part of the season but because shamrock rovers were in fin trouble they sold him to us in the transfer window along with stephen gough.. cant rem if there was a fee or not involved.obviously he was part of last seasons squad too..

wish all the best in the move.. wonder will Longford Town get any cut of the deal for developing him as we did when we sold him to cork? we were discussing this at the ireland under 19 match last nite..

**Longfordian** · 19/08/2008, 11:52 PM

From my calculations we'd get 1.5% of any transfer fee received by Cork. If he's sold for €250,000 we'd receive the princely total of €3,750. Still we signed him for nothing and have gotten €25,000 off Cork already for him. Shamrock Rovers would get a higher figure as they had him longer in their schoolboy section. Can't be bothered to work it out for them!

**pete** · 20/08/2008, 12:31 AM

Originally Posted by Longfordian

From my calculations we'd get 1.5% of any transfer fee received by Cork.

Did you get a sell on clause when we bought him.

Given Mooneys record to date he will score a ton of goals & Reading will sink down the divisions without trace

**RonnieB** · 20/08/2008, 8:20 AM

According to the Daily Mail the examiner is moving in. To examine no doubht. And now mooney is off to greener pastures wonder if he will pay us back the cash we sponsored him with ?!

**jinxy lilywhite** · 20/08/2008, 8:53 AM

You know what. the first person to pay after examinership is the examiner. The Mooney deal is to pay the examiner and you still have a 1.3m debt

**pineapple stu** · 20/08/2008, 8:54 AM

And Arkaga have reneged on all debts, and the FAI have said "Alright so".

Really serious cloud over licencing; Cork only got the licence because Arkaga would cover all debts. Going to have to change the rule to, at a minimum, ensure that money must be put in as the season goes along. Won't happen, of course.