Drogheda on the brink after players' vote
By Neil Ahern
Saturday January 03 2009
DROGHEDA United club officer Terry Collins fears the club has reached "the end" as a football entity, after their former players sensationally rejected a lump sum pay-off on owed wages yesterday.
The club is today teetering on the brink of liquidation after an offer of €90,000, as a settlement for roughly €300,000 of back-logged payments, was rejected by the squad and Collins expects to meet with the Drogheda United Emergency Committee as well as chairman Vincent Hoey on Monday.
Hoey is in Malta due to a family bereavement but will return to the news that his beloved club, to which he has been attached for four decades, may be about to go under.
Collins, who has been one of the last remaining workers at United Park as the ship steadily sinks despite a huge public effort, fears that he may be organising a press conference in the coming days to announce the liquidation of the Boyneside club.
"I have to say I understand where the players are coming from and I think the club and the fans are all sympathetic with their situation," said Collins.
"We'll have to see if there's a possibility of a resolution but at the moment my own gut feeling is that we're looking at the end of Drogheda United."
The Irish Independent understands that the players in question were very much split on the decision, with roughly half willing to accept the money but the other half wishing to stand their ground on the issue.
The players holding firm are understood to believe that the most recent offer was not sufficient, but Collins insisted that there was "absolutely no way" they could raise any more funds to offer the players.
At the moment, the club is only in possession of around €125,000 but also needs to pay off a list of other creditors, including a Revenue bill of €535,506.
Agreements for payment must also be in place with all creditors, including every single player, if they are to survive.
Examiner Kieran McCarthy predicted that a figure of €554,000 was needed to be presented to the High Court on January 12 if the club was to emerge from examinership, but at the moment with monies promised they are only just touching the €200,000 mark.
The PFAI was unavailable for comment yesterday and no Drogheda United players were willing to comment on the matter.
- Neil Ahern
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