Cork City go bust

[bobbybottler]

http://news.bbc.co.uk/sport1/hi/footbal ... 171296.stm



Very sorry to see it happen to any club, trouble is selling your best players to English clubs for fukc all with no sell-on clause isn't a good long term business model.

[gazzer, loyal royal]

http://news.bbc.co.uk/sport1/hi/football/irish/8171296.stm



Very sorry to see it happen to any club, trouble is selling your best players to English clubs for fukc all with no sell-on clause isn't a good long term business model.

doyle and long both had sell-on clauses

[Reading Republican]

Sounds like Reading FC's 'excellent relationship' with Cork City may be coming to an end very soon

The League of Ireland Premier Division has been struck a crushing blow with the news that Cork City are set to be wound up.

The announcement comes on the back of a second sitting at the High Court over the club's inability to come to an agreement with the Revenue Commissioners over unpaid tax.

Club owner Tom Coughlan was unable to pay even half the amount owed, despite a recent high profile friendly clash with Ipswich and the sales of Denis Behan and Colin Healy.

The club have yet to make a statement on the issue, but have until Friday to lodge an appeal or pay the full amount outstanding.
http://www.rte.ie/sport/soccer/2009/0727/corkcity.html

[moo]

I wonder if they had kept the sell on clause they had on Doyle if they would have been able to stick around?

[Thomas L'Heureux]

http://news.bbc.co.uk/sport1/hi/football/irish/8171296.stm



Very sorry to see it happen to any club, trouble is selling your best players to English clubs for fukc all with no sell-on clause isn't a good long term business model.

doyle and long both had sell-on clauses

That's right. They were desperate for money before, so we settled on £200k for Doyle.

Had they waited, 10% would've brought them £650k, but they didn't have that option seeing as they were desperate.

[Franchise FC]

I wonder if they had kept the sell on clause they had on Doyle if they would have been able to stick around?

They'd probably have gone in January.

However, that could have saved us any payment since if they'd gone we wouldn;t have had to pay them anything.

[windjammer]

The club that gave us Doyle, Long and Mooney is no more. Sad news indeed, all for the sake of 360,000 Euros

http://www.breakingnews.ie/sport/cork-c ... 20285.html

[Dirk Gently]

I wonder if they had kept the sell on clause they had on Doyle if they would have been able to stick around?

They'd probably have gone in January.

However, that could have saved us any payment since if they'd gone we wouldn;t have had to pay them anything.

Reading bought out the sell-on clause in KD with a cash sum to Cork in November last year - I think for something like 200k Euros.

Without that they'd probably not have survived this long.

[rg6royal]

Maybe Reading should link with Cork City and have them as a feeder club...

[Jackson Corner]

I have just been to Ireland and there football is a mess, Bohiemians the current champions are expected to go bust at the end of the season. Only Shamrock are expected to be the only club not to go part time from next season

[Mike Hunt]

This is very sad news indeed.

Thanks for Doyle, Long and Mooney!

Who will be the Reading feeder club now ? Watford ?

[kc]

Hello all!
City are in big trouble! Not sure if anything can be done, but.....

If you can afford to buy a ticket for the Cork City v Bray Wanderers game on Friday please do so today or tomorrow. If a few thousand non-regulars do the same we might have a chance.

Tickets can be bought from the kiosk in Daunt Square or at the Club Store at 22 Sullivan's Quay. Also here:

http://www.ticketmaster.ie/artist/961884?brand=ie_ccfc





Cork City set to be wound up

The League of Ireland Premier Division has been struck a crushing blow with the news that Cork City are set to be wound up.

The announcement comes on the back of a second sitting at the High Court over the club's inability to come to an agreement with the Revenue Commissioners over unpaid tax.

Club owner Tom Coughlan was unable to pay even half the amount owed, despite a recent high profile friendly clash with Ipswich and the sales of Denis Behan and Colin Healy.

The club have yet to make a statement on the issue, but have until Friday to lodge an appeal or pay the full amount outstanding.

It remains unclear as to how the winding up of Cork will affect the league, however there has been speculation that all games in which they have been involved this season will become null and void, with all points won against them being wiped.

Cork City do not own their home ground of Turner's Cross, which is the property of the Munster FA, leaving the option of a new team to be created to replace the soon to be defunct City.

However, an official statement on the club's website, http://www.corkcityfc.ie, has revealed the club will continue to trade and will do all it can to preserve League of Ireland football in the city.

The statement read: 'Following High Court proceedings today, Cork City FC has been given until Friday to settle its liabilities to the Revenue.

'The club is doing everything within its power to settle these liabilities and asks that our supporters and the people of Cork get behind us to help us to save the club. It is the intention of the club to continue trading and we are determined to do everything in our power to overcome this hurdle.

'At this time, the support of all is vital to us emerging from this situation and the continuation of League of Ireland football in Cork. As we look ahead to Friday night's game against Bray Wanderers at Turner's Cross, we ask the people of Cork to come out and support the team and buy tickets for the game in advance of Friday through our kiosk in Daunt Square and our club store at 22 Sullivan's Quay.'

The FAI have issued a statement to say they are 'disappointed that Cork City has failed to meet its obligations to the Revenue Commissioners.'

They also said they are 'disappointed and concerned that the club finds itself in this situation.'

The statement also confirmed that the FAI will meet with representatives of Cork City and will continue to monitor the situation ahead of Friday's deadline.

[wickedwhispers]

Nevermind, they all support English clubs anyway.

[TBM]

I have just been to Ireland and there football is a mess, Bohiemians the current champions are expected to go bust at the end of the season. Only Shamrock are expected to be the only club not to go part time from next season

The leagues should form with N.Ireland, Scotland and Wales and make it more interesting....maybe then people will watch more??!

[SCIAG]

They're not under yet apparently. If the supporter's trust can raise 439k they'll stay afloat. Apparently they have about 250k. I've been asked to ask you all to donate if you can and wish to:

http://www.forastrust.ie/

Ways to donate to the supporters' trust, FORAS:

All Donations are greatly accepted, every euro helps us build a stronger trust.
How to Donate

Lodge into the following Account;

Account Name: FRIENDS OF THE REBEL ARMY SOCIETY LTD
Branch: Bank Of Ireland, South Mall
Sort Code: 90-27-68
Account No: 94874154
Please put your name and address in the Narrative field so we can thank you

Via http://www.paypal.com/

Transfer required funds to forastrust@gmail.com
Please put your name and address in the Comments section so we can thank you

Send Bank Draft/Postal Order/Cheque to

FORAS (Friends of the Rebel Army Society)
P.O. Box 762,
South City Delivery Office,
Togher,
Cork.
Please put your name and address in on the envelope so we can thank you.

They are on to Doyle.

[Jerry St Clair]

Reading bought out the sell-on clause in KD with a cash sum to Cork in November last year - I think for something like 200k Euros.

Do you think that's a bit immoral?

There's be invective being spouted on here if, say, Chelsea, did something similar to us with the Sidwell sell on clause if we were in dire straights.

[sheshnu]

Didn't Cork ask for the money? Should Reading have taken the moral high ground and refused?

[Platypuss]

Reading bought out the sell-on clause in KD with a cash sum to Cork in November last year - I think for something like 200k Euros.

Do you think that's a bit immoral?

There's be invective being spouted on here if, say, Chelsea, did something similar to us with the Sidwell sell on clause if we were in dire straights.

They were in dire straits when we sold the sell-on clause and needed all the money they could get.

[Jerry St Clair]

Didn't Cork ask for the money? Should Reading have taken the moral high ground and refused?

Or just paid the full amount?

[Baines]

Didn't Cork ask for the money? Should Reading have taken the moral high ground and refused?

Or just paid the full amount?

The full amount at the time that we paid them was zero.