Petition to wind up: Cork City Investment FC Ltd

**John83** · 27/07/2009, 1:59 PM

Originally Posted by pineapple stu

I assume Coughlan got some sort of banning order from directorships, by the way?

Was anything said about him personally?

As a director of a bankrupt company, he's automatically banned from directorships for 5 years, as I understood it.

**Duggie** · 27/07/2009, 1:59 PM

ffs its a joke that a club like this can just literally disappear over night. the best supported club in the land gone just like that. all players and staff jobless now.

**Pablo Escobar** · 27/07/2009, 2:00 PM

There is money there...........now I wonder where that will go?

**Black and White** · 27/07/2009, 2:00 PM

Just goes to show you the BRILLIANT work that those clowns are doing at the start of the season in the licencing committee? How did they pass Cork's budget if money like this was outstanding?

**passinginterest** · 27/07/2009, 2:02 PM

Have to feel for the Cork fans, screwed by Arkaga and just when you thing things can't get any worse along comes Coughlan and his comedy capers to bring the club down. Best of luck to FORAS in re-establishing Cork City FC, it's going to be a long way back.

**John83** · 27/07/2009, 2:02 PM

Originally Posted by Pablo Escobar

There is money there...........now I wonder where that will go?

As stated earlier, it'll be split between the creditors, with some of them like the Revenue and players coming first.

Originally Posted by Black and White

Just goes to show you the BRILLIANT work that those clowns are doing at the start of the season in the licencing committee? How did they pass Cork's budget if money like this was outstanding?

You can't budget for mismanagement.

**sligoman** · 27/07/2009, 2:02 PM

From Cork forum:

To clarify: despite robust objection from the Revenue, the Judge put a stay on the Order until Friday. Which means we can either appeal it (which I doubt would be successful) or, I gather, come up with the full amount by then. If not, then it is well and truly game over.

**Partizan** · 27/07/2009, 2:03 PM

Originally Posted by Pablo Escobar

There is money there...........now I wonder where that will go?

The amount that Country Tom raised, circa �250k will be used to pay off the Revenue. FORAS I understand has a substantial wad of cash at its disposal. That should be used to set up a new club and enter the A League next year.

**GalwayRed** · 27/07/2009, 2:05 PM

I feel genuinely sorry for any fans of Cork City it must be a horrible feeling and no fan deserves it. But the club had to be wound up. Keeping them going for another few weeks would just be delaying the inevitable.
I also feel sorry for the players and staff. Theyre all without a job now like Duggie said and its not an easy time to find work.
Hopefully FORAS can step in and set up a new club and we have another Cork club in the league as soon as possible.

**longfordjames** · 27/07/2009, 2:06 PM

true

http://www.extratime.ie/newsdesk/articles/2256/

**Black and White** · 27/07/2009, 2:06 PM

Originally Posted by John83

As stated earlier, it'll be split between the creditors, with some of them like the Revenue and players coming first.

You can't budget for mismanagement.

Is this not outstanding from last years fiasco no?! Thought it was mentioned here somewhere beofre that it was, therfore it must have been included in their budget!

**Pablo Escobar** · 27/07/2009, 2:06 PM

Originally Posted by John83

As stated earlier, it'll be split between the creditors, with some of them like the Revenue and players coming first.

In a perfect world.....watch this space

**Longfordian** · 27/07/2009, 2:07 PM

There's always the chance he'll get the rest of it by Friday but I doubt it somehow. Who'd buy any of their players knowing the trouble they're in?.

**Happy shamrock** · 27/07/2009, 2:07 PM

Originally Posted by Black and White

Just goes to show you the BRILLIANT work that those clowns are doing at the start of the season in the licencing committee? How did they pass Cork's budget if money like this was outstanding?

Those licences are a joke.
But bad press for the LoI is bad for the rest of us.

**Black and White** · 27/07/2009, 2:09 PM

I feel sorry for the Cork fans but hey just start uo afresh and get everything right this time!

On another note, does this mean that all teams who have taken points off Cork lose them now? If So then Pats are screwed. they ebat them twice this season!