Petition to wind up: Cork City Investment FC Ltd

**Mr A** · 26/05/2009, 10:23 AM

Looks like Derry a struggling a bit as well: http://www.derryjournal.com/derry-sp...nch.5301411.jp

**Con-Con** · 26/05/2009, 10:30 AM

Originally Posted by Mr A

Looks like Derry a struggling a bit as well: http://www.derryjournal.com/derry-sp...nch.5301411.jp

Fine reporting.. Galway who lost 2-1 to Sligo

**Macy** · 26/05/2009, 12:42 PM

To me, trying to hang any of this on the examiner or the examinership process looks like spoofing. If the new owner didn't carry out proper due diligence that's the new owners problem.

**MariborKev** · 26/05/2009, 12:44 PM

Originally Posted by Mr A

Looks like Derry a struggling a bit as well: http://www.derryjournal.com/derry-sp...nch.5301411.jp

No surprise to me, unfortunately.

**micls** · 26/05/2009, 12:57 PM

Originally Posted by Macy

To me, trying to hang any of this on the examiner or the examinership process looks like spoofing. If the new owner didn't carry out proper due diligence that's the new owners problem.

To give an example of costs arising from examinership, which mightnt have been known, Farrelly was awarded 36k yesterday apparently.

Now it was the examiner who sacked him and yet its the club who are now liable for this payout for unfair dismissal...

**OneRedArmy** · 26/05/2009, 1:16 PM

Originally Posted by Mr A

Looks like Derry a struggling a bit as well: http://www.derryjournal.com/derry-sp...nch.5301411.jp

If that's the magnitude of it I'd be surprised tbh.

Kenny's a great manager but he's very high maintenance.

With our ground re-development dead in the water and crowds amongst the best in the League it's hard to see where revenue will come from.

**pineapple stu** · 26/05/2009, 1:16 PM

Originally Posted by micls

To give an example of costs arising from examinership, which mightnt have been known, Farrelly was awarded 36k yesterday apparently.

Now it was the examiner who sacked him and yet its the club who are now liable for this payout for unfair dismissal...

But he would have been aware that something was probably going to have to be paid arising from the case, and should have set aside some money for that contingency.

**micls** · 26/05/2009, 1:17 PM

Originally Posted by pineapple stu

But he would have been aware that something was probably going to have to be paid arising from the case, and should have set aside some money for that contingency.

Really? He should have known the examiner was unfairly dismissing someone, rather than just dismissing them(as happened to many other during the process)?

**tiktok** · 26/05/2009, 1:19 PM

Originally Posted by pineapple stu

But he would have been aware that something was probably going to have to be paid arising from the case, and should have set aside some money for that contingency.

The case was only taken after Coughlan took over.
Farrelly's success now means that other staff fired by the examiner might fancy their chances, should Coughlan have put money aside for that too?

**Macy** · 26/05/2009, 1:38 PM

I still think that comes back to the due diligence. There had to be the possibility of cases, and then the chances of success of those cases should've been looked into.

**pineapple stu** · 26/05/2009, 2:02 PM

I think the Farrelly case was mooted on here at the time. If we knew about it, I'm pretty sure Coughlan ought to have known about it. Especially if he conducted a proper due diligence. That's the whole point of due diligence - to see what skeletons are lurking.

In any case, why are CCFC being sued over actions taken by the examiner?

**micls** · 26/05/2009, 2:03 PM

Originally Posted by pineapple stu

I think the Farrelly case was mooted on here at the time. If we knew about it, I'm pretty sure Coughlan ought to have known about it. Especially if he conducted a proper due diligence. That's the whole point of due diligence - to see what skeletons are lurking.

In any case, why are CCFC being sued over actions taken by the examiner?

It was mooted on here when he mentioned taking the case, which was after Coughlan took over.

**tiktok** · 26/05/2009, 2:26 PM

Originally Posted by pineapple stu

In any case, why are CCFC being sued over actions taken by the examiner?

The Examiner was in control of CCFC when Farrelly was let go, but the employer was still CCFC so the case was brought against Cork City Investments Ltd.

**tiktok** · 26/05/2009, 2:28 PM

Originally Posted by Macy

I still think that comes back to the due diligence. There had to be the possibility of cases, and then the chances of success of those cases should've been looked into.

It was the Examiners job to handle the employees he let go in such a way that when the club was handed over to the new owner, such cases were not a possibility, at least in my opinion.

**passerrby** · 26/05/2009, 2:39 PM

did not think it was possible but this process is draging the league down further and further and the teams we are supposed to look to as the models for professional football are nothing more than a joke

**pete** · 26/05/2009, 3:18 PM

The way the Examiner sacked Farrelly is a sign that he is not infallible as seems to be suggested by some people.

**jimhacker** · 26/05/2009, 3:33 PM

Originally Posted by pete

The way the Examiner sacked Farrelly is a sign that he is not infallible as seems to be suggested by some people.

Not at all.

I thought Farrelly played well enough but even I didn't think he was THAT good!

**corkboy360** · 26/05/2009, 5:11 PM

Originally Posted by joey4ireland

Yiddo su,,ed it up well when saying we'll continue to live on the edge till TNB fcuks off. I don't think that will happen and it's only a matter of time before we cease to excist. The only thing that will change that is if there is a big attitude change amongst cork fans and support fot foras increases. I don't thionk that will happen though

But has it not been said somewhere that if Tommy does not pay the tax that FORAS will not come in(or be able to come in) to save the club ?
Lets say if the club doe cease to exist what happens with all the FORAS money ? rebuild a self sustainable well structured club or what ?
I also reckon FORAS should have student memberships for those of us still in school and going into 3rd level.

**Martinho II** · 26/05/2009, 5:27 PM

Originally Posted by joey4ireland

Yiddo su,,ed it up well when saying we'll continue to live on the edge till TNB fcuks off. I don't think that will happen and it's only a matter of time before we cease to excist. The only thing that will change that is if there is a big attitude change amongst cork fans and support fot foras increases. I don't thionk that will happen though

whos tnb ??? is that tom coughlan??