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Thread: Cork FORAS vote to sell the club to Preston North End owner

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    Quote Originally Posted by 2 Year Contract View Post
    Wasn’t he involved in backing Bray in the past? I know Sonas were Bray's jersey sponsor in the North Korea era but was it just that sponsorship or was Usher involved in funding in any other way does anyone know/remember?
    Think he's looked at buying Bray , Waterford and Dundalk in the past

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    First Team Jd2793's Avatar
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    it'll be getting a strong no from me.

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    Seasoned Pro ger121's Avatar
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    Cork has sold or attempted to sell the club more times than we sold Dalymount and I thought that was an impressive feat.

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    I think it's a positive option, an Irish Businessman interested in purchasing an Irish club. How often have we been listening to critics of the game here asking where the investment from Irish Business is!

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    Quote Originally Posted by Jd2793 View Post
    it'll be getting a strong no from me.
    Is it him specifically or any one owner that you're opposed to out of curiosity?
    Upwards to the vanguard where the pressure is too high.

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    First Team Jd2793's Avatar
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    Quote Originally Posted by Longfordian View Post
    Is it him specifically or any one owner that you're opposed to out of curiosity?
    im sceptical of anyone "investing" or buying a loi club especially those that dotn have a connection to the club/area. kelleher, doherty and the rovers lad are all fans/locals. they wont go chasing the money back in time to come. why is this guy getting involved now? he will want his money back at some point presumably. he has no reason to stay put if things dont go to plan, whereas doherty can just throw money at it til the cows come home. nobody makes money in loi football. i hope this guy doesnt think he'll be any different.

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    Fair enough, thanks. Valid concerns but I guess you have to trust the current regime to have done their due diligence on him.
    Upwards to the vanguard where the pressure is too high.

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    Hopefully the due diligence that's done by FORAS is a bit better than all the previous checks done on the many, many snake oil salesmen that have rocked up to turner's cross promising the sun, moon and stars over the years.

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    International Prospect sbgawa's Avatar
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    Money coming into Shels and Cork, looks like next year's premier is going to be a competitive one

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    Quote Originally Posted by sbgawa View Post
    Money coming into Shels and Cork, looks like next year's premier is going to be a competitive one
    Thats what we want to hear, the obvious are Shamrock Rovers and Derry City, while Dundalk, St. Pats & Sligo will improve. Now we can add Cork City, Shel's & Bohs who are going proper full-time 2024.
    All the investment will allow these teams have a better full-time setup, which should hopefully make for a more competitive league.

    It will make the transfer market very interesting now too, before the new season starts, plenty of options around for players who are considering moving or not!

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    Seasoned Pro joey B's Avatar
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    Cork City takeover confirmed….
    Irish by birth ,Harps by the grace of god.

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    86% is a lot more than I expected.

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    Such a shame to see how much support the sale had from the outside. Cork had so much potential as a fan owned club and seem to have just given that away to some lad who could disappear like others have in the past.

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    I suppose at some stage you have to give the guy credit for putting his money into the club. Fan owned club is great but the reality is that the top 3/4 teams depending on who wins the cup are the sides with the money. How does a fan owned club match the budget of the big boys. This is the future whether we like it or not. Will any clubs get the gates and sponsorship to be successful without European money or outside investment? Its unlikely.
    Hope this works out for Cork but the way the league is shaping up it is the preserve of the big money boys and everyone else will make up the numbers.

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    Capped Player nigel-harps1954's Avatar
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    You can get investment into a club without handing over the entire club.

    German model of 50%+1 fan owned is the way forward. Once bitten, twice shy. Corks insistence on selling their club after their history is mental.
    https://kesslereffect.bandcamp.com/album/kepler - New music. It's not that bad.

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    Moreover, reading the Examiner article on the details today, FORAS don't even get a representative on the new board, which, in terms of oversight, one would have thought would have been part of the deal:

    https://www.irishexaminer.com/sport/...-41021414.html

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    No seat on the board would be a worry alright and I think the hybrid model as at Rovers is better from a fans POV but it's a simple fact that 100% fan-owned clubs are going to struggle in the coming years.

    More and more investment coming into the League is undoubtedly a good thing but it would be naïve in the extreme to think that there won't be casualties - either with investors not being all they claim to be or with some big clubs without investment being unable to compete financially.
    No One Likes Us, We Don't Care

  21. #99
    The Cheeto God Real ale Madrid's Avatar
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    Quote Originally Posted by nigel-harps1954 View Post
    You can get investment into a club without handing over the entire club.

    German model of 50%+1 fan owned is the way forward. Once bitten, twice shy. Corks insistence on selling their club after their history is mental.
    Mental on the face of it but the fact of the matter is running a football club in the league of Ireland is simply incredibly difficult. Its a feat in itself to survive 1 year let alone 14 or whatever it was.

    I was against the move myself but I can understand it. The Board wanted to sell and the overwhelming majority of the shareholders were the same. For a myriad of reasons.

    Only thing for it now is to let someone else run the show and hopefully FORAS can re-group and be ready in case its required again and hopefully in the meantime contribute in other ways - perhaps some badly needed infrastructure which was one of the main reasons for starting the trust in the first place.

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    Quote Originally Posted by culloty82 View Post
    Moreover, reading the Examiner article on the details today, FORAS don't even get a representative on the new board, which, in terms of oversight, one would have thought would have been part of the deal:

    https://www.irishexaminer.com/sport/...-41021414.html
    Not giving Foras a seat on the board is poor IMO.
    One seat on the board gives no power or influence as you will be out voted by the owner Directors on any issue they disagree with you on but to not even be allowed sit on the board implies the new guy doesnt really want them involved even in an oversight manner or advisory manner.

    They cant have pushed awfully hard on this point as it would hav been a nothing give.

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