It's not even as simple as that - if this had gone through two months ago, sure, but now their squad won't be what it could be.Originally Posted by pineapple stu
The only tangible benefit (aside from being in the Premier and the attending extra cash) might be good will from creditors who don't get screwed by the club folding.Why would you put E300k into a company when you could start off debt free?
You can't spell failure without FAI
That's kind of your tough though; that's just what happens in football. If Bray offer E300k, can they play in the Premier too cos they don't feel like playing in the First?
Yep, I agree. I think it's the principle of the thing though.
Mine was a kind of counter-rhetorical question to micls' original.
Again though, that's a decision for the FAI not for the lads.
As I said, if the FAI denied the licence last night there'd have been no big fuss about it. The lads(and us) are putting the option on the table, it's down to the FAI after that.
I agree with Dodge's post though, where he says that Quintas/FORAS shouldn't have been putting pressure on the FAI's decision.
So we shouldnt offer to buy the club in case the FAI have to actually grow a pair for once?
We put the offer in Saturday. If Tom had accepted then, they revenue and creditors would have been paid Monday and the FAI might have gotten away with the fudge.
After Toms antics NO ONE expected the FAI to defer it. Not us, or Grey or O Connell. We all expected the FAI to deny the licence.
They didnt, their call.
I think it could be argued that FORAS have tainted their image by putting pressure on the FAI not to relegate them by saying that people will only get paid wages they're owed if Cork get a Premier licence. There was nothing stopping you from taking over the club without that clause.
If you'd paid your creditors on Monday, you should still have been relegated as CCIFL didn't submit a licence application on time.
If you all expected the licence to be denied, why make that proviso so public? (Again, not a rhetorical question as I genuinely don't know)
Well we're talkinga botu what ifs, IF you made your offer unconditional on the Premier license, you could've still paid off creditors and not ****ed off the rest of the league. There was obviously some thought that the FAI would not deny your license, as why mention it at all if it was a foregone conclusion
But you chose your own path, just like TNB chose his.
54,321 sold - wws will never die - ***
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It was Coughlan who made the proviso public first not the consortium. He tried to claim the FAI had to give him a licence for the deal to go ahead when what the consortium were looking for was control of the club before the licencing deadline in order to try to make a case for a premier licence.
The consortiums statements about it were to counteract Coughlans
The consortium expected to get a licence if the debts were all paid before yesterday, as the punishments range from 15k fine to losing the licence.
They didnt expect to get one when this wasnt sorted yesterday.
Yes, its been made clear the 2 lads are only interested in buying if there's a premier licence and that's their choice.
That should not affect licences being given out though. The FAI are charged with making these decisions and they should make them based on whats in front of them, not possibilities.
I thought and still think that last nights decision was a farce but I dont see how the blame is the consortiums. Again, it's the FAi's call. The consortium is obviously going to do whats best for itself and each member will do whats best for himself. Its the FAI who are supposed to do whats best for the while league.
Em, yes there was. we dont have the funding to do it ourselves and that clause was the 2 lads.
You could have started off in the First with the licence FORAS applied for.
This is where things get messy. People have very strong feelings on our name, history etc and most city fans will do everything in their power to save this if possible.
That is why the FORAS application was always a back up.
Were still in a position to take it up if necessary but weve always said if theres a chance to save the current entity, the jobs, not screw over the creditors etc that we'd do everything we could to do that first.
Again, its, at best, disingenious to try and suggest that the "clause" in the offer was made public in the interest of clarity, and not in the interests of blackmailing the league
You even admit as much later on in your post. I also find it funny that you think the new owners should do everything in their own interests, yet you expect TNB to act in the greater good of Cork football
YOu can't have it everyway...
54,321 sold - wws will never die - ***
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New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
I said it was made public by coughlan, not the consortium
The only group I expect to act in the greater good of cork football is the fans. I lost faith a long time ago than anyone else cares about it.
I expect nothing from TNB though some common decency to people wouldnt go amiss.
Look tbh this argument is all a bit irrelevant. FORAS are going to do what we think is best for the club.
The FAI should be doing what's best for the league.
And fans of every club, including ours, are rightly ****ed off at last night farce.
None of those opinions are going to change. If people want to blame the consortium, fair enough. At this stage Im so sick of the lot of it I dont care
Edit: That last line sounded very much like throwing toys out of a pram. Thats not what I meant, Im actually just too exhausted from it to argue
Last edited by micls; 16/02/2010 at 3:17 PM.
The new club could have voluntarily taken on the debts of the old club.
You can buy the name back easily enough. I don't think history ceases with a new company, or else ye'd all be waving 1994 flags. It's absolutely not ideal, but I think it's better than putting pressure on the FAI to, effectively, give ye a Premier spot at Bray's expense.
Micls I think what Dodge and Stu are trying to say is that FORAS can of course act in the best interests of Cork City FC but that by taking this route you shouldn't expect any of the rest of us to have any form of goodwill towards you, something which has been there really all along (not by all, but by most I feel). You can spin it whatever way you want but what they are saying, and I agree with them, is that FORAS and the investors are pretty much just telling the FAI that if they don't put CCFC in the Premier then a lot of money that is owed to quite a few people will go unpaid, that's at the very least putting unacceptable pressure on the FAI to loosen the rules even further for Cork.
Again, no one expects you to do anything outside of protect Cork City FC, but just don't expect the rest of us to give you a round of applause for it
There's no way we could afford it. Wed be wound up in months.
That would be the plan but theres no guarantee you wouldnt be outbid for it.
Its messy but again that would be the idea if it came to it.
Our members felt the deal on the table on Friday was a better option to explore first.
And again i dont accept it was putting pressure on the FAI, I think the FAI had a decision to make, if after that decision was made the deal was still a goer(i.e. they awarded a premier) then great and if not we had option B. As is on our forum, it was said that the FAI had said the only thing missing from the licence application was the financials i.e. creditors sorted so thats the basis the decision was made on, that wed be sorting this.
That was how our members viewed it.
But again, we're probably not going to agree on this.
it's reasonably common for companies which go into liquidation and which start again to make an informal commitment - to which they're not legally binding - to repay the debts. So long as you chip away at them, you'd still have community goodwill, and nobody could seek a winding-up order. You'd be taking on the debts of another company; they're not your debts technically, so you couldn't be wound up for them.
Jebus, without wanting to sound smart about it, I honestly dont care what anyone outside thinks of us or our decisions.
Im simply trying to explain how and why this decision was made. As I tried to explain in the above post our members did not think we were pressuring the FAI into anything, we were more than happy to accept the FAI's decision whatever that was. That decision would send us down one of two routes, both of which we were preparing for.
There are differing views on it, and again that's fair enough.
Oh ok. I dunno tbh this isn't something that has been discussed at any stage yet and would probably be one for discussion if we did get a first division licence.
See that would be alright if FORAS hasn't been peddling things like Last Man Standing to fans of other clubs based on some form of solidarity among LoI supporters. You lot seemed to care what we thought of you when you wanted our support but you obviously don't care now you have shown you are willing to go into business for yourselves to get what you want at yet more League of Ireland expense. This is all based on how I view the situation of course but from now on FORAS can basically do one when it comes to asking for our support.
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