Cork City denied a licence; club to be wound up; FORAS to enter First Division

**micls** · 30/07/2009, 4:56 PM

Originally Posted by Schumi

How would Foras be able to pay off the debts if Coughlan does give/sell the club to them? Is the idea that Danny Drew and his mates would pay them? If so, are you not just getting into the same situation again?

No.

We had worked out a possible way to pay it. I stress possible as it was based on our figures and it would have meant looking at the books beforehand to see if we were missing any liabilities.

It certainly wouldn't have been easy but we felt there was a possibility that it was doable.

The club have just announced a friendly with Celtic http://corkcityfc.ie/main.php?action...eadlineID=1049

**tiktok** · 30/07/2009, 5:01 PM

Originally Posted by micls

The club have just announced a friendly with Celtic http://corkcityfc.ie/main.php?action...eadlineID=1049

So that's the masterplan going into the High Court this morning.

**Longfordian** · 30/07/2009, 5:02 PM

I can't see the friendly influencing things too much in terms of the Revenue's attitude, it's such a variable in terms of who they send over which in turn would affect the crowd etc and the Revenue don't like variables as you all well know.

**micls** · 30/07/2009, 5:02 PM

Originally Posted by tiktok

So that's the masterplan going into the High Court this morning.

It seems so.

Offer them a percentage plus the friendly?

**jebus** · 30/07/2009, 5:05 PM

Celtic charge a fair amount as well so not sure how much money in total that would bring into the club

**sligoman** · 30/07/2009, 5:57 PM

What time is the court case/decision made tomorrow?

**micls** · 30/07/2009, 5:59 PM

Originally Posted by sligoman

What time is the court case/decision made tomorrow?

We are 11 in a list of 20 that starts at 10.30 apparently.Hard to judge how long any of the other will take though.

Some saying we should be about 11.30

**CSFShels** · 30/07/2009, 7:28 PM

It'll be bad for the league longterm if City get out of this tomorrow. The problems clearly aren't solved, and its just a matter of doing enough to get them out of the **** temporarily.

**ger121** · 30/07/2009, 7:53 PM

Originally Posted by micls

We are 11 in a list of 20 that starts at 10.30 apparently.Hard to judge how long any of the other will take though.

Some saying we should be about 11.30

Any chance it won't be heard tomorrow if the 10 cases ahead of it take a long time to go through and the Court finishes fot the day before the case can be heard? Long shot I know but if that did happen persume the next earliest date would be Tuesday with Monday being a BH. Would give you a few extra days to raise additional money.

**Martinho II** · 30/07/2009, 7:54 PM

Originally Posted by micls

No.

We had worked out a possible way to pay it. I stress possible as it was based on our figures and it would have meant looking at the books beforehand to see if we were missing any liabilities.

It certainly wouldn't have been easy but we felt there was a possibility that it was doable.

The club have just announced a friendly with Celtic http://corkcityfc.ie/main.php?action...eadlineID=1049

thats all and good announcing a friendly with celtic but what happens if city go bust tomorrow?

**roinuj** · 30/07/2009, 7:58 PM

Originally Posted by Martinho II

thats all and good announcing a friendly with celtic but what happens if city go bust tomorrow?

just tell celtic to take a short 75 mile trip to waterford and we will give them a game

**Umberside** · 30/07/2009, 8:00 PM

Word has it on 96fm that the FAI have intervened in some way.

**Mr_Parker** · 30/07/2009, 8:03 PM

Looking more like Cork are going to pull this one out of the fire with Quintas coming in to help with a deal with the revenue.

**jebus** · 30/07/2009, 8:03 PM

Originally Posted by Umberside

Word has it on 96fm that the FAI have intervened in some way.

Bad move if they have.

Sets a precedent for them bailing us, Galway, Bohs and whoever else is close to the buffers out

**SMorgan** · 30/07/2009, 8:26 PM

Originally Posted by jebus

Bad move if they have.

Sets a precedent for them bailing us, Galway, Bohs and whoever else is close to the buffers out

Cork City are probably saying to the FAI you looked after Drogheda United big time, why aren't you doing the same for us!! And they'd have a point.

**brianw82** · 30/07/2009, 8:27 PM

Originally Posted by Mr_Parker

Looking more like Cork are going to pull this one out of the fire with Quintas coming in to help with a deal with the revenue.

Who's Quintas?

**stann** · 30/07/2009, 8:27 PM

Originally Posted by jebus

Bad move if they have.

Sets a precedent for them bailing us, Galway, Bohs and whoever else is close to the buffers out

They might not have intervened as such, just facilitated a meeting of the two parties like with yereselves and Jack (which was a good thing that I was glad to see them do by the way!).
Hope this works out anyway, even if only to buy a little more time.

Quintas are some kind of financial management group, based in Cork Brian. Website here. I found it on that internet thingy.