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

**weecountyman** · 12/02/2010, 4:46 PM

Originally Posted by tippex

TBH I don't think that would happen unless there was backing from all other clubs.
It would take all clubs to row in on that.

Never happen as they're all going to stick together because it could be them next!

It's a very scary and sick joke, I do pity the real Cork fans, it's going to be a disaster with complete bankruptcy beckoning in less thana year.

**blackholesun** · 12/02/2010, 4:50 PM

>If the proposed takeover goes ahead, it is hoped that the club will be assured of League of Ireland Premier Division and UEFA Europa League soccer for the coming season.

That looks like posturing by me, setting out their stall to agree to missing out on Europe in return to be let remain in the premier division. Can't see either happening btw ...

bhs

**Schumi** · 12/02/2010, 5:08 PM

Originally Posted by blackholesun

>If the proposed takeover goes ahead, it is hoped that the club will be assured of League of Ireland Premier Division and UEFA Europa League soccer for the coming season.

That looks like posturing by me, setting out their stall to agree to missing out on Europe in return to be let remain in the premier division. Can't see either happening btw ...

bhs

I'd be surprised if these guys would take on all the debt without being sure that they'd have premier football next year.

**CSFShels** · 12/02/2010, 5:13 PM

They simply can't give them a Premier Licence, they just can't.

**DmanDmythDledge** · 12/02/2010, 5:15 PM

Exactly, what about Matthews, Farrelly, the players still there and that have just left. They're all still owed money seemingly.

**kid creole** · 12/02/2010, 5:15 PM

This situation really has me at the end of a very long rope in terms of supporting the league , we are a laughing stock to put it frankly , i dont see why waterford cant run up massive debt win a league or get a europa place asnd just give two fingers to everyone , sure we will be grand , aDROGS , CORK , DERRY , FAI hang your heads in shame.

**CSFShels** · 12/02/2010, 5:18 PM

This would be without doubt the lowest of the low for the LOI. If this happens, I honestly couldn't even criticise barstoolers anymore.

**Dodge** · 12/02/2010, 5:23 PM

Some here need to relax a little. Comments made down in Cork have proven not to be the most realistic, so just because Cork "wish" to obtain premier licence, doesn't neccessarily mean they will.

Of course when they do obtain that premier licence, open fire....

**Longfordian** · 12/02/2010, 5:24 PM

Originally Posted by DmanDmythDledge

Exactly, what about Matthews, Farrelly, the players still there and that have just left. They're all still owed money seemingly.

I presume when the Cork general manager says that the investors are working on the things needed to get the Licence they're trying to do deals with everyone. In a properly run licensing process it would be far too late but....

**CSFShels** · 12/02/2010, 5:28 PM

Originally Posted by Dodge

Some here need to relax a little. Comments made down in Cork have proven not to be the most realistic, so just because Cork "wish" to obtain premier licence, doesn't neccessarily mean they will.

Of course when they do obtain that premier licence, open fire....

Its more the FAI's track record than any Cork comments that indicate the fudge is on its way.

**OneForTheFuture** · 12/02/2010, 6:13 PM

Cork City will recieve a Prem License. As has been said previously, why would the new investors pay the outstanding monies only to be dumped into the A Championship or more likely the first Div. It has been indicated to the buyers (by the FAI) that if they make all the back payments they will have, more or less, bought a Premier Pass.....

**SkStu** · 12/02/2010, 6:17 PM

thats certainly what it looks like to me too, D15-Red.

**Mr A** · 12/02/2010, 6:56 PM

This really isn't getting any clearer. The takeover has not been accepted.

http://www.irishtimes.com/sports/soc...264335109.html

**Longfordian** · 12/02/2010, 7:07 PM

Tom is deliberately wrecking it methinks. What's his game? Why has he not accepted the offer and why is he leading people to believe he's gone?.

**SkStu** · 12/02/2010, 7:08 PM

There is also nearly €400,000 of debt on the club, which will need to be addressed immediately if a league licence is to be secured from the FAI by the deadline at the start of next week.

'kin hell... how many deadlines have Cork had at this stage?

**weecountyman** · 12/02/2010, 7:09 PM

The statement concluded: "The offer that was made by Peter Gray and Michael O’Connell, along with the Cork City Supporters’ Trust, Foras, was submitted to Cork City FC at 5.30pm on Thursday the 11th of February. The consortium has not yet had a response from Cork City FC in relation to their bid.

This is something that has concerned me ever since this emerged, and now gives the "misconstrued" statement by the FORAS head a different hue. So basically before the members met, FORAS had already decided to throw in their lot with the O'Connell and a man who once took up a couple of sideline advertising hoardings and sponsored the match day ball a few times in Milwall (still a sponsor is a sponsor). The smell emanating from this is getting worse.

**Longfordian** · 12/02/2010, 7:23 PM

The FORAS people seem to be genuine people from the little I know of them and how they come across, I would imagine they'll have asked a lot of questions of the two lads but it's Tom & co I'd be concerned about. It could be his grand plan to let everyone think he's sold up, licence is given on Monday and then he pulls the plug on the deal. In fairness, I can't imagine that there's going to be a full legally binding agreement in place by Monday whatever the curent situation. TNB will probably have enough scrambled together to pay the tax bill but I can't see the investors paying anyone until they have everything signed off on. Is that good enough for the FAI is the question?. Monday will tell a tale.

**Dodge** · 12/02/2010, 8:12 PM

LOL

just noticed the guys credentials were 'one time millwall sponsor'

seriously that's the funniest thing I've read in years. I've sponsored a couple of fellas who've run marathons, doesn't mean I can do it myself

**superfrank** · 12/02/2010, 8:19 PM

Originally Posted by Longfordian

What's his game?

He's secretly a Cobh fan. That's why he works out of the hotel down there.

Tbh, I've lost all interest in this saga. It just goes from drama to drama. I wouldn't be terribly surprised if CCFC do get a licence, although I hope the FAI take a solid stance to make sure that no other club can come along when they are in trouble and cry: "Precedent!". The banning of Tom Coughlan and the fact that they won't indulge him in the media is a promising sign.

**Buile Shuibhne** · 12/02/2010, 8:59 PM

from the Irish Times article:

"Quintas confirms that Jim McCarthy has turned down the chairmanship offered as it would be in conflict with the role he is currently fulfilling for the consortium that has lodged a bid to take control of Cork City FC.

"Peter Gray, a member of the consortium, was also offered a seat on the board of Cork City FC. He has turned down this offer as it would be inappropriate given his involvement in the consortium looking to take over the club."

Does TNB know the difference between buyers and investors?

Why is TNB offering people places on the board if he is selling the club tonight or this weekend?

If sold, the old board is defunct and the new owners appoint their own board?