QuoteSad to hear
http://news.bbc.co.uk/sport1/hi/foot...sh/4737353.stm
Very sad news, but although harsh, it is the truth. It was their own fault.
It is the fans and players I feel sorry for, but Coleraine had some talent, there is hope there anyway.
Sad to hear
Sad to see any club go out of football - especially a relatively successful one like Coleraine, who were often snapping at the heels of Linfield, the Glens and Portadown. Bad news as well for the Irish League for it to come so soon after the demise of Omagh. Two top-flight clubs out of 16 disappearing in a few months is far from a healthy sign.
However - I can't help but feel there's a sense of 'Final Destination' (if you're familiar with the film...) about Coleraine's demise, following their less than honourable actions in 1972 in the vote on whether Derry could return to Brandywell/remain in the Irish League.
A sad day regardless....
maybe if they were playing in a better league they would have survivied. Sad to see any club demise.
There are one or two clubs close to it down here too.
Even more reason for clubs to get proper structures in place and the league to secure a proper television deal for its-self.
The SFAI are the governing body for grassroots football in Ireland, not the FAI. Its success or the lack of is all down to them.
Will just sell the players contracts to another company & continue with different owners?
I forget what I read exactly on Irish League forums but they're in the clear. It's a feeling like they got let off rather than some drastic measures.
they have a 1 week stay of execution due to a legal technicality.
they tried to get a voluntary agreement with creditors (75% agreement forces acceptance on the remaining creditors) but the Inland Revenue refused and since they are owed more than 25% of the debt the CVA could not go ahead. coleraine went back with an improved offer and that was also refused.
unless something extraordinary happens it looks like the end for this historic club.
to be honest, the way coleraine were allowed to get into this state is a disgrace. it's not fair on the supporters, the team, the town or even the creditors (many of whom are supporters). total mismanagement of the grandest order.
i sincerely hope something can be done to keep a major football team in the town.
Larne FC for Larne Town. Inver Park for the people.
Don't see why, to be honest. If they were in a better league (I assume you mean a unified Irish league), they'd just continue to overspend. Giving someone more money doesn't mean they'll suddenly become prudent.Originally Posted by thejollyrodger
Sad to hear though - it's been delayed, but it sounds inevitable. Is there Licencing in the North, or any plans to bring it in? After Omagh as well, it sounds like the league really needs it.
Woops, I thought their offer to the creditors had been accepted.
It was - by everyone bar Revenue.
I meant including them. You pedant.
Moi?!You pedant.
Just think it's important to note that everyone agreed bar Revenue - just shows how thin the line is between surviving and not.
How you work that out I am not sure. Sure, if they were in La Liga and decided to buy players they could not afford, would they somehow manage to survive. I think not.
It is **** all do with the IL, it is to do with very poor managment of the club's fianaces.
I kinda agree with everyone else ..... but are you saying that if there w3as more cash flow, they could have worked their way out of it ..... possibly, but fact remains .... if you over spend, you'll be x% over what you cant afford ... there is no amount of paper pushing nad number crunching will help you.
Coleraine going out of existence ..... Jebus .... that is actually a mad thought ... but same could be said for Rovers down here !!
The SFAI are the governing body for grassroots football in Ireland, not the FAI. Its success or the lack of is all down to them.
You might feel that. But only if you were some sort of spiteful meglomaniac that believed the world revolves around Derry City and the Brandywell.
I believe in karma steveyg.....You might feel that. But only if you were some sort of spiteful meglomaniac that believed the world revolves around Derry City and the Brandywell.
But certainly not instant Karma, that's a given!
Karma isn't convenience food Stevey......But certainly not instant Karma, that's a given!
Coleraine going out of existence ..... Jebus .... that is actually a mad thought ... but same could be said for Rovers down here !!
I know this issue has been raised on gypoweb and many Bohs fans are using Coleraine's demise as 'proof' that Rovers were let off the hook.
Perhaps someone who knows the details of what happend to Coleraine could answer one question: was there a rescue package put in place?
It strikes me that Coleraine were just asking the Revenue Commissioners to wipe their debt and allow them to continue trading. Rovers, on the other hand, was being taken over by a new business consortium and used the examinership process to strike a deal with creditors. It seems to me that there is a crucial difference in the two cases.
Can anyone clarify?
Incidentally, nice signature A Face
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