The context is key in all of this.
Firstly -this is NOT Belfast Celtic coming back. It's an existing club (Sport and Leisure Swifts), who aren't even the most popular intermediate team in West Belfast, seeking tio change name in an attempt to cash-in on Belfast Celtic's history. There is no reason to assume it will succeed just because they've stolen someone else's name.
Secondly - they're coincidentally only suggesting switching to the LOI now that they're aboiut to be relegated out of the 3rd tier of the Irish League and into a district league based in Ballymena. So they're not a very good team, and don't seem keen to take their oil re a relegation.
Thirdly - you have to question the wisdom of any club which takes a look at the huge administrative sh!tshow that football n the Republic is at the moment and says to themselves 'We should get ourselves some of that' !
Whether or not they would be allowed to switch leagues is the big question. The IFA wouldn't agree with it (why would they). But there is established legal precedent under EU law which says that a club playing in one jurisdiction can't be prevented from plying its trade in another, so long as that other jurisdiction agrees and has accepted them in under its usual rules. Which for the LOI would be easy, as there's no pyramid and no established process for joining anyway. Except for licensing that is, which is something Sport and Leisure Swifts' rubbish facilities could well fall short on. However - they may find that the IFA tried to block any such move anyway, which would necessitate legal action to address. And with the UK allegedly due to leave the EU at some point in the next 6mths or so (or possibly not), even if the IFA thought they couldn't stop them it would be worth trying to slow the process down until the UK has left the EU. But as the UK will adopt all existing EU laws on leaving, and then begin to unpick them afterwards, that startegy probably wouldn't work either tbh.
So that aside, the biggest barrier I can see is that the LOI is run by the FAI, and they have their hands full with other existential issues at the moment. Would they really want to trigger the ire of the IFA by accepting a crappy little club in a non-border area (i.e. opening up potential problems down the line re future civil unrest) with rubbish facilities and limited revenue or appeal into their league ? In the knowledge that it would probably trigger a messy legal challenge for the club ? Why would they want that sh!t on top of everything else they have going on at the moment ?
So if I was a betting man, I'd say the odds are against this happening. Though in this crazy league, you never know.
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