I'm a bit in two minds over this.
Despite the fact that Maguire and Boyle (the two responsible for the fake accounts) have since resigned, what they did was in the name of Shamrock Rovers and any punishment dished out by the FAI should apply to Shamrock Rovers (on top of whatever legal punishment is due to the pair for filing fake accounts with the Companies Office).
However, from talking to Hooped mates, I believe the 400 Club alerted the FAI to the dodgy accounts before the licences were even granted. Which means the FAI decided to turn a blind eye and both sides would've got away with the cover-up if it hadn't been for the examinership process.
If you thought the registration fiasco was bad, watch this space. I think this has the potential to be much worse.
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