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Thread: Cash injection for Cork City

  1. #21
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    Isn't it an entirely new board sorting it out?

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  3. #22
    Seasoned Pro El-Pietro's Avatar
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    Quote Originally Posted by sbgawa View Post
    Isn't it an entirely new board sorting it out?
    Board was elected at AGM last March. At least ome member was on the board the year before. New AGM to elect two members in a few weeks.

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  5. #23
    Seasoned Pro Nesta99's Avatar
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    Would lack of continuity at board level from year to year have been an issue?

  6. #24
    Seasoned Pro El-Pietro's Avatar
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    Quote Originally Posted by Nesta99 View Post
    Would lack of continuity at board level from year to year have been an issue?
    Hard to say for certain, it may have had some impact. A lot of our financial issues though under an experienced board and chairman who gambled on good crowds and continued competing for trophies.
    Our new inexperienced board have been digging up and dealing with a lot of unexpected issues such as the incorrectly claimed VAT.

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  8. #25
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    Can't be any worse than the Dundalk/PEAK6 Sports US Investment Firm situation!

    Every club in our leagues are desperate for any form of investment interests from outsiders, whatever the gamble.

    We have a history of it over the years and it is part of the game for smaller leagues all over.

    Whenever did the FAI or the Government really show an interest, just look at the recent bail out, an interest free loan over 3 years!

  9. #26
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    Werent Shin Fein running Cork city the last few years??
    Not a good sign for the rest of the Economy

  10. #27
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    Quote Originally Posted by sbgawa View Post
    Werent Shin Fein running Cork city the last few years??
    Not a good sign for the rest of the Economy
    I assume thats a dig at Jon O'Brien? He was City chairman several years again but has not been heavily involved in recent years. Hes was also one of the few individuals who knew what he doing when questioning the FAI during the various hearings.

    Its a real pity he chose to step down from the Dáil, he would have made a fantastic minister for Sport, but hopefully he can become more involved with FORAS again.

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  12. #28
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    ah yeah just slagging.
    Saw him at the count wearing his Cork City top.
    i DEFINITELY wouldnt be a shinner but your right he knew more than the rest of them combined at the Dail hearing.

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  14. #29
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    Quote Originally Posted by El-Pietro View Post
    Tommy No Bobs sold out the previous clauses so he could put the money in his own pocket. Cork City would never have gotten the sell on fee given what happened that year.
    This money is for both Maguire and Alan Browne. Browne has a year left on his deal, and could potentially go for ~£10m this summer, or they could get promoted and we could get nothing when he signs a new deal. Sligo have been waiting a decade for a Seamus Coleman sell on to no avail.

    Maguire doesn't have a tonne of value right now given his injuries and lack of goals this season.
    We don’t have a sell on

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  16. #30
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    sell ons typically are time limited .
    Sold before end of first contract, or second etc.
    Not saying there arent "forever clauses " but its def not all of them

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    So Cork Preston or Cork North End. Really surprised at how close it got to non renewal of the licence and it being kept under wraps. Foras have made mistakes like all of us but they also kept the club going to the extent that it was the best supported club in the country. Personally I would be happy diluting my shares (if i was a member) somewhat for the investment and just as important the expertise that would hopefully come with it but not to have any shares in the club, that will be a hard sell to Foras Members.

  18. #32
    Seasoned Pro El-Pietro's Avatar
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    From what I can gather, the sale of these clauses was necessitated by a change in the mood of revenue. It seems we had an agreement on repayment of outstanding debt with them, but they decided they wanted immediate payment from us and the other clubs who were not granted licenses last week. I don't know what caused this change in mood, but I would speculate Limericks collapse didn't help.

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  20. #33
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    good luck against Shels tonight.

  21. #34
    International Prospect Martinho II's Avatar
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    Quote Originally Posted by outspoken View Post
    Think he suffered a family bereavement last year and citied wanting to spend more time with family.
    I thought I heard that he had differences with Sinn Fein as his reason maybe that I am wrong on this but that is what I heard!
    Daire Doyles red and black army

  22. #35
    International Prospect outspoken's Avatar
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    Quote Originally Posted by Martinho II View Post
    I thought I heard that he had differences with Sinn Fein as his reason maybe that I am wrong on this but that is what I heard!
    Yeah you are wrong

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  24. #36
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    Quote Originally Posted by El-Pietro View Post
    I assume thats a dig at Jon O'Brien? He was City chairman several years again but has not been heavily involved in recent years. Hes was also one of the few individuals who knew what he doing when questioning the FAI during the various hearings.

    Its a real pity he chose to step down from the Dáil, he would have made a fantastic minister for Sport, but hopefully he can become more involved with FORAS again.
    There's no reason he couldn't be Minister for Sport just because he's not in the Dáil. He could be nominated to the Seanad and be appointed Minister from there.
    That's what I love about these high school girls, man. I get older, they stay the same age

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  26. #37
    Like the Fonz. Only a dog. Mr A's Avatar
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    Quote Originally Posted by Nah Nah Nah Nah View Post
    We don’t have a sell on
    Even without one, if I understand the FIFA rules right, Sligo and his previous clubs would be due 0.5% of any fee for each year he spent with them from 12-21, so a really big transfer could have been a nice windfall for Rovers and even more so his schoolboy club!

  27. #38
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    This topic should have been titled Cash injection for Revenue


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  29. #39
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    https://www.echolive.ie/corksport/Co...0c3c66dbb7a-ds

    Hours from going out of business apparently ........
    Irish by birth ,Harps by the grace of god.

  30. #40
    Like the Fonz. Only a dog. Mr A's Avatar
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    That's frightening. How did it go so wrong so quickly?!?

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