Cork Winding up Notice?

**Pablo** · 02/07/2006, 2:51 PM

Originally Posted by Poor Student

Just back from Cork, but I heard about this at the game on Friday. A bit shocked to hear this given that Lennox always seemed to be going on about fiscal prudence and Cork haven't really been in the market for snapping up the league's top stars. I assume like Shels they have defaulted on their agreed payment scheme with the revenue? How did this happen? Poor budgeting? Unlike Shels, Cork have no assets to play with. Will this be paid straight from Lennox's pocket?

its being paid this week considering we've won 800k in prizemoney and have the league biggest sponsoship deal money isnt a problem. i'd put it down to the fact the club was run poorly in the past. this debt is going back yeahs and was only discovered afer an internal audit by the revenue

**higgins** · 02/07/2006, 2:53 PM

Originally Posted by Pablo

its being paid this week considering we've won 800k in prizemoney and have the league biggest sponsoship deal money isnt a problem. i'd put it down to the fact the club was run poorly in the past. this debt is going back yeahs and was only discovered afer an internal audit by the revenue

Pablo you dont get a winding up notice for discovering you owe tax

And people on here say the Shels fans would believe anything

**Pablo** · 02/07/2006, 2:59 PM

Originally Posted by higgins

Pablo you dont get a winding up notice for discovering you owe tax

And people on here say the Shels fans would believe anything

i dont belive anything. i believe what i know to be true.

If not then we wont be making any sigings this week and we'll be out of business. But i know a bit more about the subject then you do so we will and we wont be!

**higgins** · 02/07/2006, 3:07 PM

You are talking there Pablo as if the 800K prizemoney and Sponsorship deal (its finished isnt it??) is sitting in a bank account somewhere?

If it was sitting there why did you fail to meet your repayments?

Why didnt you pay the bill in full when you first heard of this HISTORIC debt

**Pablo** · 02/07/2006, 3:11 PM

Originally Posted by higgins

You are talking there Pablo as if the 800K prizemoney and Sponsorship deal (its finished isnt it??) is sitting in a bank account somewhere?

If it was sitting there why did you fail to meet your repayments?

Why didnt you pay the bill in full when you first heard of this HISTORIC debt

the sponsorship money is paid in stages. i presume not having a home game for 7 weeks didnt help.

still 165k isnt exactly a fortune. if its an issue CCFC wont exist in 2 weeks will it?

**pete** · 02/07/2006, 3:17 PM

The is a D4 conspiracy to stop us winning the league & deflect attention from the financial woes of dublin clubs!

**higgins** · 02/07/2006, 3:28 PM

Originally Posted by Pablo

the sponsorship money is paid in stages. i presume not having a home game for 7 weeks didnt help.

still 165k isnt exactly a fortune. if its an issue CCFC wont exist in 2 weeks will it?

for the eircom league 165K is a lot Pablo!

You make it out that your sitting on over 1million euro? thats not true and if you believe it to be true your as mad as a hatter

no home game in 7 weeks is the most valid reason so far as to why you missed the repayments and Im sure it had something to do with it but I was asking you why if you have that much money did you agree a repayment structure in the first place and why having agreed that repayment structure did you fail to make the payments ?

Assuming you have this money why not use it to pay the tax man on time like agreed?

Its amazing the double standards shown on here towards this issue!
It must have went into the 100's, the amount of posts claiming Shels fans were stupid for not marching down to Tolka and ousting ollie and claiming the club was ours!

Why when Cork fans believe what they are told is it different?

**CollegeTillIDie** · 02/07/2006, 3:31 PM

higgins

Cause Shels are from Dublin I suppose. Us jackeens are never believed

P.S. I thought having a Match programme was necessary under this Licencing thingummy ......

**pete** · 02/07/2006, 3:38 PM

No one mentioned there was a repayment plan. For all we know the Revenue could have just demaned the cash immeadiately but City were stalling looking for better deal.

**Anto McC** · 02/07/2006, 3:41 PM

Originally Posted by pete

The is a D4 conspiracy to stop us winning the league & deflect attention from the financial woes of dublin clubs!

Nice one Pete

**Pablo** · 02/07/2006, 3:42 PM

Originally Posted by pete

No one mentioned there was a repayment plan. For all we know the Revenue could have just demaned the cash immeadiately but City were stalling looking for better deal.

thats exactly what happened

**Dodge** · 02/07/2006, 4:18 PM

Originally Posted by pete

No one mentioned there was a repayment plan. For all we know the Revenue could have just demaned the cash immeadiately but City were stalling looking for better deal.

Just pay the money, cheats!

**passerrby** · 02/07/2006, 4:49 PM

this is for killing the big fella ye brutes

**Pablo** · 02/07/2006, 5:16 PM

Originally Posted by Dodge

Just pay the money, cheats!

how would we go about asking the FAI to bail us out dodge?

**Dodge** · 02/07/2006, 5:34 PM

Originally Posted by Pablo

how would we go about asking the FAI to bail us out dodge?

Let Shels keep their fake league without going to court and make sure you pay them back within 3 months

**CollegeTillIDie** · 02/07/2006, 6:05 PM

Cork Hibs 1976 ; Cork Celtic 1979; Cork United 1982; Cork City ( Plonk Version) 1996; All went bust and in the first three cases out of football !
What is it with Cork clubs ?

**pineapple stu** · 02/07/2006, 6:15 PM

Originally Posted by pete

No one mentioned there was a repayment plan. For all we know the Revenue could have just demaned the cash immeadiately but City were stalling looking for better deal.

Read the Business Post article. It states Cork met with Revenue to agree a repayment deal. You don't stall with Revenue to get a better deal.

Originally Posted by pete

The is a D4 conspiracy to stop us winning the league & deflect attention from the financial woes of Dublin clubs!

Would you say you're being ridden rock solid by the tax man?

Originally Posted by higgins

If you want a rule brought in stating a club with a winding up order against it gets punishment then fine say it, but under current rules Shels or Cork done nothing wrong.

That's what I am saying. The fact that, under current rules, Shels and Cork have done nothing wrong is the sham. It means clubs can essentially overspend as before and the FAI simply won't step in. It's unfair on Cork and Shels fans - so far - that a Licencing Scheme which was introduced to stop clubs going under is actually unable to do anything even when clubs are threatened with liquidation.

**OneRedArmy** · 02/07/2006, 7:55 PM

I love the use of the term "historic debt" by Lennox and some people on here. It somehow applies that failure to pay a creditor a debt not incurred in the here and now is somehow less of a problem, when in fact the reverse is the case when you add interest and penalties.

In any case, can a company that has only been in existance for 3 years really call something "historic" and incurred "back in the bad old days"?

The Revenue special cases group is obviously having a good time going through EL clubs! (BTW totally agree with the above on the GAA, surely under the counter payments should be the next target)

**EnDai** · 02/07/2006, 8:14 PM

Could other companies owed money make a difference here? There is an option for them to come forward and demand their money too is there not, which would make a big difference?

**higgins** · 02/07/2006, 9:07 PM

Originally Posted by pete

No one mentioned there was a repayment plan. For all we know the Revenue could have just demaned the cash immeadiately but City were stalling looking for better deal.

Doubt revenue would issue a winding up notice if Cork just found out they owed this money. BL has said this is historic debt, whatever that means!

I would think its fairly certain they had a repayment structure in place but I'm sure the truth will come out soon.