Cork City Future.

[gotaroundbetter]

Think that last post was for you, too.

OK no ones prefect

Still hard not to merit a rye smile given the type of post from the delusional at the time.

[John83]

its not just the FAI, its the examiner who handed the club to coughlan, we were demoted to A football and arent anywhere near this level, this will surely turn licenceing into a joke,

how long is that tax bill building, cause if its longer that 9 months there no way city have a tax cert to even get a licence, we couldnt get one and we only owe half of that,

The examinership process may have dealt with the tax clearance - Cork would have come out of it with an agreement for repaying it.

I'm kind of loath to comment on a rumour, though it does seem plausible Cork are gone, but I find it surprising that the club were allowed out of examinership without a business plan capable of keeping them afloat for six months. Either they haven't kept to the plan they set out, or the examiner screwed up here. Aportioning blame is hard without seeing a lot of details here.

[John83]

8 pages and no facts.

Anyone able to post exactly what the situation is?

Did Coughlan:
1) Put money in to appease FAI and then withdraw it
2) Never actually put any money in
3) Something else entirely

He was asked to show he had the money during the examinership. He probably isn't legally obliged to actually put any of it into the club, much like Arkaga before him. The FAI were asked why they didn't put such a requirement in place before. I memory serves, they replied that it would discourage investment.

[don ramo]

The examinership process may have dealt with the tax clearance - Cork would have come out of it with an agreement for repaying it.

I'm kind of loath to comment on a rumour, though it does seem plausible Cork are gone, but I find it surprising that the club were allowed out of examinership without a business plan capable of keeping them afloat for six months. Either they haven't kept to the plan they set out, or the examiner screwed up here. Aportioning blame is hard without seeing a lot of details here.

ive since heard they came to an agreement with the tax, and made some sort of payment but have since renaged on there comittment, all roumour and speculation, (but there no way you can write off a tax bill, its impossible even with ownership change, you come to an extended payback deal and thats about it )

im most worried with that fact that the club hasnt released a statemnt to counter what is being said, doesnt look good,

from whats being said the club will be liquidated next week,

would be good to have an official statement, but id say coughlan is out foreign for the long weekend, wouldnt want to interrupt hes time off

[avvenalaf]

Can I ask one simple question.? How can it be that a club operating in a city the size of Cork cannot be financially viable?
(I saw Albert Rovers and Evergreen United play and God knows how many manifestations sence then)

[shantykelly]

mismanagement.

[Longfordian]

Just a quick point in relation to Cobh, it's all well and good to argue about the way the Revenue dealt with them but they messed things up for themselves by not even submitting audited accounts, as per Padraig Smith on the blog. If it had just been a tax clearance cert that was outstanding I think they'd have got a First Division licence though strictly speaking they shouldn't have.

[osarusan]

Can I ask one simple question.? How can it be that a club operating in a city the size of Cork cannot be financially viable?

Every club can be financially viable. A club in Cork can be financially viable, they just wouldn't be as good a club as Cork are now. The problem is that if a club is living within its means but is being surpassed by other clubs (some of whom are not living within their means) it is pretty tempting to choose to spend extra money (that the club doesn't have) hoping they'll strike gold and get all the money back later.

And fans, members of the board, anybody involved, are often too pleased with the resulting short-term success to bother asking whether the club can really afford all that spending or not.

[Dodge]

Every club can be financially viable. A club in Cork can be financially viable, they just wouldn't be as good a club as Cork are now. The problem is that if a club is living within its means but is being surpassed by other clubs (some of whom are not living within their means) it is pretty tempting to choose to spend extra money (that the club doesn't have) hoping they'll strike gold and get all the money back later.

Its not even that IMO

Its just that some people think that clubs here are bigger than they actually are. They belive that there's vast amounts of fans out there willing to spend money to watch games if the right amount of success is there.

Bohs and Cork (and loads before them) are built on the idea that more fans (and money) would come further into the "project" (for want of a better word) if their teams are very sccessful

Its not something I agree with. There's a limited enough market for all clubs IMO

[osarusan]

Its not even that IMO

Its just that some people think that clubs here are bigger than they actually are. They belive that there's vast amounts of fans out there willing to spend money to watch games if the right amount of success is there.

Bohs and Cork (and loads before them) are built on the idea that more fans (and money) would come further into the "project" (for want of a better word) if their teams are very sccessful

Its not something I agree with. There's a limited enough market for all clubs IMO

This is part of what I meant when I said

they hope they'll strike gold and get all the money back later.

I totally agree with you.

[Ezeikial]

Over 150 posts and no one has blamed Sean Connor yet!

Ye are all getting too soft in the head

[OneRedArmy]

Can I ask one simple question.? How can it be that a club operating in a city the size of Cork cannot be financially viable?
(I saw Albert Rovers and Evergreen United play and God knows how many manifestations sence then)

Presumably the same reason that Dublin clubs with similar, if not larger, catchment populations aren't financially viable, Limerick can't maintain a Premier Division club and Derry get into trouble once a decade. Having a ready access to a large population doesn't mean anything in this country.

As Dodge says, every new investor thinks they'll be the one to break the cycle of apathy towards domestic football.

[don ramo]

Just a quick point in relation to Cobh, it's all well and good to argue about the way the Revenue dealt with them but they messed things up for themselves by not even submitting audited accounts, as per Padraig Smith on the blog. If it had just been a tax clearance cert that was outstanding I think they'd have got a First Division licence though strictly speaking they shouldn't have.

actually we did submit audited accounts, they may have been late but we submitted them,

we didnt get a tax cert and were rightly relegated, if we had enough of a fan base the fans could have scrapped together a down payment, and the club agree a payback period, which is exactly what city done, and look where they are,

it really is one rule for one and another for the big clubs,

city are able to earn good money, by having the draw of premier football and they should have done what drogs done and cut cost way down, they had every advantage to get the club going but choose not to, why??, i would really love to know,

we had a nearly 66% drop (based on our average attendance the last 5 years) at our first home game friday night in the A league, thats massive, were looseing major money in sponsorship for the year, we are asking a lot of our youth section to help the club the club back on its legs, and i truely hope they are rewarded for there efforts, there making huge commitments for the club, im very envious and ****ed off that cork city couldnt get there act together, they have every advantage to do so,

[sonofstan]

I simply cannot understand how he would do this? He's a city councillor and will surely have to quit that if he's going to bust Cork City FC. Surely he will put the club up for sale rather than leave it go out of business.:

You think being a city councillor is a hallmark of probity in this country?! have you been paying attention at all? does the phrase 'planning tribunal' ring any bells?

[Jeebus]

I would question the examiner who handed it to him just as much (and I know for a fact alternatives were there). The guy gets paid a lot of money to ensure that things like this don't happen. What a halfwit.

I havent read through all the posts on this, but i think someone mentions further down that Coughlan had to lodge 500K in an account before the examiner could even put the offer forward to the high court. I dont think you can blame the examiner on this one, it think its solely on Coughlans side for dupping the courts with his promises. An examiner will not put any deal forward unless he is satisfied that the company/club will be safe in the future. It would be aganist the ethics of an accountant to even consider lying to q high court judge. Also this is the same examiner (firm) that saved Shams and Drogheda too. I would think their creditability couldnt be questioned.

[Umberside]

You think being a city councillor is a hallmark of probity in this country?! have you been paying attention at all? does the phrase 'planning tribunal' ring any bells?

I meant it would ruin his political career if he liquidated the club.

[brianw82]

I meant it would ruin his political career if he liquidated the club.

That would actually imply that Ireland has a little thing called accountability. Last time I checked, it was sold for a few sacks of sugar in 1883.

[Maynard]

When did they do this?

Just look at the statements released by Fran Gavin at the time when Cork were clearly in the sh1t before the start of the season. They basically stated that Cork could have more debt than the continent of Africa and that the FAI still wanted them in Europe. It's not hearsay.

[Umberside]

Just look at the statements released by Fran Gavin at the time when Cork were clearly in the sh1t before the start of the season. They basically stated that Cork could have more debt than the continent of Africa and that the FAI still wanted them in Europe. It's not hearsay.

Fran Gavin needs to step aside. I don't think anyone really has much faith in him anymore

[Marco]

I meant it would ruin his political career if he liquidated the club.

He also advertised the CPO post, 30 answered, 5 interviewed and his brother got the job. Rumour has it he makes the sandwiches for the team and watches them train in Bishopstown, they got rid of the volenteers that were with the club for years but harp on that they need volenteers to help keep costs down!