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

**juan** · 14/02/2010, 5:07 PM

Originally Posted by micls

TNB gets 100euro.

It was suggested that it's given to him in a mixture of 1 and 2 cent coins.....

Jaysus thats just mean.

**DmanDmythDledge** · 14/02/2010, 5:09 PM

Originally Posted by pineapple stu

Still think you have to be relegated though. Heard a story at the game today that the bid was subject to getting a Premier Division licence?

I saw that posted in this thread anyway.

**prince20** · 14/02/2010, 7:22 PM

Was just thinking there about this takeover.

As reported in other posts elsewhere on this forum all clubs are notified 5 days in advance of tomorrows meeting of the licencing committee. Would it be beyond the bounds of possibility that FORAS and the 2 "investors" have received an indication that they will receive a premier division licence if all debts are paid off or arrangements made with creditors? Hence the reason that they are throwing their lot in with the investors rather than starting from scratch in the first division?

My money is on this being the outcome and also that Cork will get a monetary fine for missing previous deadlines and if it is lets draw a line in the sand and move on. Talk of other clubs starting legal action is absolute madness and will not get off the ground.

**pineapple stu** · 14/02/2010, 7:58 PM

You can't take legal action against the FAI anyway as TNB showed. Bray would have to exhaust the internal appeals process first.

**razor** · 14/02/2010, 8:03 PM

Tom is up against it but i can see him taking it to the wire, especially as i'm sure he'll want more than €100.

**prince20** · 14/02/2010, 8:09 PM

Originally Posted by pineapple stu

You can't take legal action against the FAI anyway as TNB showed. Bray would have to exhaust the internal appeals process first.

Not going to get into a debate about this but arent the licencing committee independent of the FAI

**Longfordian** · 14/02/2010, 8:18 PM

Tom still playing "hard ball" by all accounts. Not much progress being made in the takeover talks.

**pineapple stu** · 14/02/2010, 8:20 PM

Where'd you hear that?

With the court case tomorrow, he's surely in no position at all to play hard ball.

**Buile Shuibhne** · 14/02/2010, 8:33 PM

Originally Posted by prince20

Was just thinking there about this takeover.

As reported in other posts elsewhere on this forum all clubs are notified 5 days in advance of tomorrows meeting of the licencing committee. Would it be beyond the bounds of possibility that FORAS and the 2 "investors" have received an indication that they will receive a premier division licence if all debts are paid off or arrangements made with creditors? Hence the reason that they are throwing their lot in with the investors rather than starting from scratch in the first division?

Spot on

Originally Posted by prince20

My money is on this being the outcome and also that Cork will get a monetary fine for missing previous deadlines and if it is lets draw a line in the sand and move on

No.

Different standards have been applied previously - and may be again in the future - no consistency - they're making it up as they go along whether for geographical reasons or whatever.

Fudgerama

**Longfordian** · 14/02/2010, 8:41 PM

Originally Posted by pineapple stu

Where'd you hear that?

With the court case tomorrow, he's surely in no position at all to play hard ball.

Saw it on the Cork forum. I don't think he gives a flying one if it survives or not. He wants to pocket some cash either way.

**Longfordian** · 14/02/2010, 8:50 PM

Deal now done apparently

Cork City Football Club wish to confirm that, following negotiations, a deal has been submitted to facilitate the takeover of the club by the Quintas-led consortium which made a formal bid on Friday afternoon.

This is subject to Cork City Football Club obtaining a licence from the FAI, and the club is currently liaising with the FAI in order to ensure all necessary criteria are satisfied.

The club expects to be in a position to make a formal announcement of the takeover in the coming days.

**micls** · 14/02/2010, 8:56 PM

Deal not done. TNB playing mindgames

**Longfordian** · 14/02/2010, 9:02 PM

Really? What an abominable man he truly is.

**micls** · 14/02/2010, 9:03 PM

14th February 2010 – Quintas Group, on behalf of the consortium of Peter Gray, Michael O’Connel and FORAS, the Cork City Supporters Trust, confirms that no agreement has yet been reached between the consortium and the current ownership of Cork City FC.

The consortium is frustrated at the apparent lack of urgency within Cork City FC in relation to these negotiations. With a number of external deadlines on Monday the 15th of February, time is rapidly running out for a successful conclusion to the current talks.... See more

If no agreement is reached before the licensing committee of the FAI makes its ruling and the High Court rules on outstanding monies owed to the revenue commissioners, the consortium will have no option but to withdraw the offer made to purchase Cork City FC from it’s current owners.

The consortium sincerely hopes that an agreement is reached before these deadlines are reached.

**Doomofman** · 14/02/2010, 9:05 PM

So a creek and lack of means of propulsion spring to mind...

**SkStu** · 14/02/2010, 9:19 PM

wow. What a pr1ck that man is.

**sheao** · 14/02/2010, 9:22 PM

We should have expected something like this from TNB. CCIFL should be wound up for it;s own sake tomorrow and start with FORAS in the 1st division. Tommy has badly damaged the reputation of not only Cork City but the league of Ireland and we need to start on a fresh slate here in Cork now.

**juan** · 14/02/2010, 9:22 PM

Originally Posted by SkStu

wow. What a pr1ck that man is.

What a fantastic understatement

**DmanDmythDledge** · 14/02/2010, 9:26 PM

Seems clear to me that Tom is trying to give the impression that a deal has been reached so CCFC can get a license and then hold on to the club.

Where has that press release from Quintas et al. been released to? Presumably the general media so it will be widely known about.

**sheao** · 14/02/2010, 9:41 PM

http://www.rte.ie/sport/soccer/2010/0214/corkcity.html

Cork City have revealed that a bid from the Quintas Group to takeover the club has been finalised and that it expects it to be completed in the coming days, but the consortium has threatened to pull out of the deal.
Quintas will only agree to the takeover if the club secure a licence to compete in the League of Ireland this season.
The FAI are set to announce on Monday which clubs have received licences, and for which division, but the deadline may have to be extended for the Leesiders.

They have confirmed they are currently in negotiations with the league's governing body with a view to fulfilling the necessary criteria.
City are also in the High Court on Monday as the Revenue Commissioners issuing a winding-up petition against the club.
Cork will only be able to obtain a licence if the takeover goes through but Quintas are concerned at the speed of the negotiations.
In a statement released on Sunday night, the Quintas Group said:
'The consortium is frustrated at the apparent lack of urgency within Cork City FC in relation to these negotiations.
'With a number of external deadlines on Monday, 15 February, time is rapidly running out for a successful conclusion to the current talks.
'If no agreement is reached before the licensing committee of the FAI makes its ruling and the High Court rules on outstanding monies owed to the revenue commissioners, the consortium will have no option but to withdraw the offer made to purchase Cork City FC from it's current owners.'