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Thread: Petition to wind up: Cork City Investment FC Ltd

  1. #221
    Seasoned Pro OneRedArmy's Avatar
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    Quote Originally Posted by Buile Shuibhne View Post
    The almost 300k debt has built up on a weekly basis since the start of the year, because CCFC couldn't afford to pay Revenue.

    Apart from meeting an agreed repayment schedule (if one can be agreed), what will change to make CCFC afford upcoming payments to Revenue and all their other costs on a week to week basis?
    Nail on head.

    Given Coughlan's personal situation it looks like rabbit out of a hat stuff unfortunately.

  2. #222
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    Wouldn't read too much into the adjournment in terms of it being any reflection on the strengths or weaknesses of a case. You very often get an adjournment at the first hearing of a matter if it's sought. Better than being wound up immediately though I suppose.
    Upwards to the vanguard where the pressure is too high.

  3. #223
    Coach tiktok's Avatar
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    Quote Originally Posted by thischarmingman View Post
    ..and that wasn't obvious in January?
    Point out to me where I said that?

  4. #224
    First Team adamd164's Avatar
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    The crocodile tears from Derry fans here are hilarious. Nothing else to worry about now you've lost it on the pitch for another year I spose.

    Stevey Kenny's a loooooo-serrrrrrrr.



  5. #225
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    Quote Originally Posted by adamd164 View Post
    The crocodile tears from Derry fans here are hilarious. Nothing else to worry about now you've lost it on the pitch for another year I spose.

    Stevey Kenny's a loooooo-serrrrrrrr.


    Are you a 15 year old American girl living in 1999?
    DCFC

  6. #226
    The Cheeto God Real ale Madrid's Avatar
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    I dunno have Derry lost anything - given the state of the front two's finances - the 10/3 about Derry lifting the title is starting to look tempting.....

  7. #227
    First Team adamd164's Avatar
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    Quote Originally Posted by Real ale Madrid View Post
    I dunno have Derry lost anything - given the state of the front two's finances - the 10/3 about Derry lifting the title is starting to look tempting.....
    They've lost it on the pitch. No matter what happens I'm happy in that knowledge.

    And despite their pathetic post-hoc cries about us forking out ridiculous wage sums, they looked at our squad two months back and repeatedly declared themselves the number one challengers to Bohs. Came onto our forum laughing when Kearney signed for them thanking us for taking Billy Dennehy off their hands.

    King Kenny shown up again for what he is. A loser.
    Last edited by adamd164; 25/05/2009 at 9:56 PM.

  8. #228
    Football hure MariborKev's Avatar
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    Well done for dragging the topic way off course......

    Dennehey was home sick, hated Derry and admitted himself that he didn't do himself justice here. He certainly gave that impression.

    Post hoc cries? The rational element of your support were doing that, never mind us.

    This is the LOI general forum, and like it or not Cork's finance position is an item of general discussion. Just like it would be if it was us(there by the grace of God), Bohs, Shels, and others.
    Tifo poles, sausage rolls and a few goals.

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  9. #229
    Now with extra sauce! Dodge's Avatar
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    Quote Originally Posted by adamd164 View Post
    The crocodile tears from Derry fans here are hilarious. Nothing else to worry about now you've lost it on the pitch for another year I spose.

    Stevey Kenny's a loooooo-serrrrrrrr.


    What a pethetic post. Your club is on the brink of extinction, and you're having a pop at Stephen kenny?

    Seriously, get a grip on yourself...
    Last edited by Dodge; 26/05/2009 at 12:26 AM.
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    Coach John83's Avatar
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    Quote Originally Posted by Dodge View Post
    ...on the brink of survival...
    Hmm... people usually say on the brink of [less desirable outcome]. Something you want to tell us, Dodge?
    You can't spell failure without FAI

  11. #231
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    Quote Originally Posted by adamd164 View Post
    They've lost it on the pitch. No matter what happens I'm happy in that knowledge.

    And despite their pathetic post-hoc cries about us forking out ridiculous wage sums, they looked at our squad two months back and repeatedly declared themselves the number one challengers to Bohs. Came onto our forum laughing when Kearney signed for them thanking us for taking Billy Dennehy off their hands.

    King Kenny shown up again for what he is. A loser.
    Adam you really are a bitter wee boy and trust me it's not just the Derry fans that see it.

    Well done on beating us this year, despite the ref handing you the game you played very well and most Derry fans would say that your first half performance against us was the best that we have come across this year.

    However, I do believe that you have forgotten that we have also beaten you this year. You probably weren't at that game as your in school until 4 and probably had some homework to do.

    However, when Cork City, Cork Hibs, Cork Rovers or what ever your current senior team in that city is called goes tits up in the end, I'll be happy in the knowledge that you will be able to go to the retirement home on a Friday night and continue your bitter ramblings with your other bitter twisted friend redx, while I will still have a team to follow on a Friday.
    MD

  12. #232
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    [QUOTE=mrtndvn;1167077]Adam you really are a bitter wee boy and trust me it's not just the Derry fans that see it.

    QUOTE]

    I think City fans see it as well . He certainly has a bee in his bonnet about you guys.

  13. #233
    First Team don ramo's Avatar
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    Quote Originally Posted by Kildareman View Post
    Fran Gavin will find a saviour to replace Coghlan. Similar to what Delaney did a few seasons ago in Limerick. And the FAI will settle the debt with revenue from an upcoming international friendly and the sun will still shine on Leeside.
    limerick fc werent saved, they went t*ts up, and limerick 37 were formed as a new club,

    while i hope city resolve there issues id say there are to may fires to put out, and it seems there relying on a big gate this weekend,

    the issue with city just doesnt seem to go away, just when you think there save there not,

    i was thinking there today, there are player in the LOI getting paid more than what the club would win in prize money for winning the league,
    thats just ridiculus, how on earth can anyone demand that, people go to college for six years, and dont earn what they do even after working for 20 years,
    Great spirits have always encountered violent opposition from mediocre minds.

  14. #234
    Coach John83's Avatar
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    Quote Originally Posted by don ramo View Post
    i was thinking there today, there are player in the LOI getting paid more than what the club would win in prize money for winning the league,
    thats just ridiculus, how on earth can anyone demand that, people go to college for six years, and dont earn what they do even after working for 20 years,
    I don't know about that - the prize money for first now is probably more than the highest wages. It's close though though that your point isn't invalidated by it.

    Anyway, on your second point: I'm an engineer. No matter how good I am, no one will pay to watch me work (there are always exceptions: the Mythbusters may be that here). No one will pay to have me wear ads on my shirt, or on the panels around my work space. If I want to make more money than Glen Crowe, I'll have to invent something very profitable, and risk bankruptcy commercialising it myself, or develop a set of skills which is obscenely valuable, in demand, and too difficult for too many others to also develop it, and get hired by a company looking to profit from what I can do. You know, like Glen Crowe. This is how capitalism works.
    You can't spell failure without FAI

  15. #235
    First Team don ramo's Avatar
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    Quote Originally Posted by John83 View Post
    I don't know about that - the prize money for first now is probably more than the highest wages. It's close though though that your point isn't invalidated by it.

    Anyway, on your second point: I'm an engineer. No matter how good I am, no one will pay to watch me work (there are always exceptions: the Mythbusters may be that here). No one will pay to have me wear ads on my shirt, or on the panels around my work space. If I want to make more money than Glen Crowe, I'll have to invent something very profitable, and risk bankruptcy commercialising it myself, or develop a set of skills which is obscenely valuable, in demand, and too difficult for too many others to also develop it, and get hired by a company looking to profit from what I can do. You know, like Glen Crowe. This is how capitalism works.
    your company pays for the advertising on your safety jackets, you should charge them to wear it,

    i understand your point, but think of the resources you give back, and the lenght of your career, the constant costs youll pay to upgrade your skills, and then this lan**r comes along and kicks a ball, and he get 2-3 time more than you a year,

    i have no problems with them in england, man u get 20 mill for winning the league, and ronaldo gets 7 mill a year,
    but here, i think its 100,000 for winning the LOI premier league, so if your on over 2,000 a week your taking all the prize money, ( i know nobody will clarify this), but there is plenty of talk of people being paid 3 if not 4,000 a week here, who the hell do these guys think they are,
    there a dime a dozen, if one leaves there always another always, why do clubs allow themselfs to be held to ransom, they should all go away and grow a pair
    Great spirits have always encountered violent opposition from mediocre minds.

  16. #236
    Reserves corkboy360's Avatar
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    So tommy bluffs his way through another month with no great communication to the fans whats exactly going to be the outcome.
    In my eyes he is the only one who knows that.

  17. #237
    International Prospect Ezeikial's Avatar
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    Quote Originally Posted by don ramo View Post
    i was thinking there today, there are player in the LOI getting paid more than what the club would win in prize money for winning the league,
    thats just ridiculus, how on earth can anyone demand that, people go to college for six years, and dont earn what they do even after working for 20 years,

    The prize money for league winners is €280,000 this year going down to €40,000 for last place
    http://www.irishtimes.com/sports/soc...241954245.html

    While I doubt that any player is currently on that sort of money, your fundamental point is valid. But any emphasis on players "demanding" high salaries is off the mark. Players can demand all they like (and they are perfectly entitled, even obligated, to negotiate the best possible deal for themselves). The problem, obviously is when the employer (club) agrees to pay more then they can afford or is sensible given the lower of (a) their financial realities, and (b) what the market dictates.

    When a product costs more then the revenue it can generate...there is only one long term outcome.

    Many clubs have been recklessly guilty of this in the past, and in current real-time the two top culprits are also at the head of the league table.

  18. #238
    First Team don ramo's Avatar
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    Quote Originally Posted by Ezeikial View Post
    The prize money for league winners is €280,000 this year going down to €40,000 for last place
    http://www.irishtimes.com/sports/soc...241954245.html

    While I doubt that any player is currently on that sort of money, your fundamental point is valid. But any emphasis on players "demanding" high salaries is off the mark. Players can demand all they like (and they are perfectly entitled, even obligated, to negotiate the best possible deal for themselves). The problem, obviously is when the employer (club) agrees to pay more then they can afford or is sensible given the lower of (a) their financial realities, and (b) what the market dictates.

    When a product costs more then the revenue it can generate...there is only one long term outcome.

    Many clubs have been recklessly guilty of this in the past, and in current real-time the two top culprits are also at the head of the league table.
    i didnt think it had gotten that big, sure it was only 12,000 about 6 years ago, i would be ashamed of my life for a club who would pay a player that, if there is any,

    if the 2 leaders of this league go bust in the next month, would there be much point carrying on, theres only about 5 maybe 6 clubs that would actually run there club as a business, and try and turn a profit, the rest would just take over from the current 2, and well be safe for all of one season,


    what can actually be done to stop this, surely there is something,
    Great spirits have always encountered violent opposition from mediocre minds.

  19. #239
    Coach tiktok's Avatar
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    Quote Originally Posted by Ezeikial View Post
    Players can demand all they like (and they are perfectly entitled, even obligated, to negotiate the best possible deal for themselves). The problem, obviously is when the employer (club) agrees to pay more then they can afford or is sensible given the lower of (a) their financial realities, and (b) what the market dictates.
    Agree completely with this.
    We're either sticking to an unrealistic budghet or are overpaying a realistic one.
    Either way, CCFC haevto cut costs, but it's not the fault of the players, who like any employee in any business will try to get the best deal they can for themselves.

  20. #240
    The Cheeto God Real ale Madrid's Avatar
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    [QUOTE=tiktok;1167133]
    We're either sticking to an unrealistic budghet or are overpaying a realistic one.
    QUOTE]

    From what i can see we are working towards a completely unrealistic budget as seen as aside from the examinership issues we have racked up revenue debt of about 230k since TNB took over the club. Our league position is basically false as we are cheating because we are unable to pay our way.

    Tommy is basically chancing his arm and trying to get away with this for as long as he can because he is under the false impression that we will sell out TC every week if we are top of the league. He will keep doing this until we pay the ultimate price and lose the club because he hasn't a clue how to run the thing properly.
    All the while we lose more and more potential support as the club is continually seen to be not paying its way. As if the reputation wasn't damaged enough by Arkaga and the last examinership process.

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