Are Cork City Gone

[bohs til i die]

I think he may have got the wrong end of the stick or someone was winding him up.
The Examiner is due back before the courts on Monday and i've heard he's meeting with office staff today. No reason for him to cut the cord now without completing the Examinership process.

Maybe ive got this wrong but Cork arent actually in examinership yet. They return to high court next week and only then will they be placed in examinership?

Before then, anything can happen.

[Plastic Paddy]

Forgive my ignorance, but is "examinership" akin to "administration" as it exists in British company law?

PP

[OneRedArmy]

Forgive my ignorance, but is "examinership" akin to "administration" as it exists in British company law?

PP

Kind of. More similar to US Chapter 11 in credit protection terms (iirc) but in that its the last stage before receivership, yes.

[Les Fluer]

Well, one has been laid off, another resigned yesterday after not being given any guarantees. 2 Full timers at least have been asked to go back part time. Those who have survived the cull have been asked to take VERY substantial pay cuts. The percentage I have heard is quite unreasonable, but it's their own decision as to whether to take it or not.

Players being met this afternoon, and can only assume the same figure will be mentioned. My guess is a few of them will ask for their contracts to be terminated.

[Aaron]

If they havnt been paid they are free agents, Stephen McGuinness pointed this out on MNS a few weeks ago. 60% is what i'm hearing for the players cut

[OneRedArmy]

Those who have survived the cull have been asked to take VERY substantial pay cuts. The percentage I have heard is quite unreasonable, but it's their own decision as to whether to take it or not.

Presumably equally as unreasonable as their current salary if thats what it takes to survive!

Suppose its all down to whether they feel they can get more elsewhere.

[dancinpants]

70 %

http://www.corkcityfc.ie/main.php?ac...headlineID=522

[brianw82]

Wow. So if someone was on 2K a week, they're now on €600 a week.

The question is, how long is this 'interim' period going to last, and what players have not accepted the cut?

[bellavistaman]

breakin news on tv3 about city missed the gist of it but their accepting redundancies

[bellavistaman]

just on 96fm too official statement, 70% pay cut across the board, no choice.

Sad day for football IMO.

[saint morrissey]

cant see too many players sticking around down there.

[Ash]

Might have misheard as I just caught the tail end of the report but it sounded like Paul McGee and the Head Physio have left the club

[sligoman]

Yeah Ski lost his job, raging

[Battery Rover]

Yeah Ski lost his job, raging

He will be looking for a job with us again

[Tir Oilean]

This needs to happen a few other clubs before our league will become more stable. The guys leaving CCFC will find it difficult to get the same wages they were on surely? (unless they go to England) I would imagine that Bohs Pats and Drogs are too close to bursting at the seams in the wages dept to sign any of these guys.

[gufct]

just on 96fm too official statement, 70% pay cut across the board, no choice.

Sad day for football IMO.

Dont know if its a sad day.Its realism that the el cant keep on going as it is and until boards stand up to managers and say no when they are paying crazy wages that clubs cant afford this will happen again and again.

Bohs,Pats & Drogheda which one is next pin the bottle lads.

[pete]

Might have misheard as I just caught the tail end of the report but it sounded like Paul McGee and the Head Physio have left the club

I hope I get this correct...

Operations, Marketing, Assistant Manager & fitness coach redundant. Promotions & other some non-playing staff part time I think. Remaining staff 70% cut across the board for interim period.

I would assume players can look for alternative employment in the meanwhile & this may change if new owner comes in.

[neville neville]

Just out of Intrest...............
Can players refuse to take the cut. insisting that Cork fulfill they're end of the contract or are the contract worthless as they've gone into examinership

[Martinho II]

so what cork city players have gone does anyone know???

[micls]

so what cork city players have gone does anyone know???

None. All players have accepted the pay cut.

Now thats not to say they may ot be looking for other clubs but they will be playing on for only 30% of their wages.

They also all came to the Supporters trust meeting tonight.

Everyone that took that wage cut to help save the club is a legend in my eyes. Quite unbelievable