New Low For Cork City FC (mod note #27)

stovelid

Roar wrote: »

deal virtually done is what im hearing

If Quintas and FORAS went and took a piss on the reception desk in Abbottstown, the deal would be still be virtually done.

From the moment that fixture list was created (and long before no doubt) Cork's inclusion in the Premier was a formality.

SligoBrewer

SligoBrewer wrote: »

FORAS have as much balls as when the Irish squad arrived in Saipan tbh.

and the FAI ftr.

Roar

hmmm...

NEGOTIATIONS STALLED ON CORK CITY FC

19th February 2010 – Quintas Group, on behalf of Peter Gray, Michael O’Connell and FORAS, the Cork City Supporters Trust, can confirm that negotiations have stalled with Tom Coughlan in relation to the takeover of Cork City FC. An offer was made to the current owners of the club this afternoon and there has been no meaningful engagement in relation to the bid.

At this stage, the group has focused on the FORAS plan for a 1st division licence. The group would like to thank all the third parties that have been supportive of the bid and have facilitated the process.

dreamers75

Roar wrote: »

At this stage, the group has focused on the FORAS plan for a 1st division licence. The group would like to thank all the third parties that have been supportive of the bid and have facilitated the process.[/B]

FFS what will the shels/rovers fans slate you over now?

_blank_

Roar wrote: »

An offer was made to the current owners of the club this afternoon and there has been no meaningful engagement in relation to the bid.

Christ almighty. Fúcker should swing.

super_furry

The FAI need to make a statement on this straight away. At least give Bray a couple of days to try and sign players.

Töpher

Ah sure, they had plans for sorting it out, let them in so, that's good enough for all the other criteria - right?

super_furry

To be honest as an outsider looking in I think FORAS have dodged a major bullet. A fresh start with a clean slate and no debts will give them a mucher sounder base to build on for the future.

dreamers75

super_furry wrote: »

To be honest as an outsider looking in I think FORAS have dodged a major bullet. A fresh start with a clean slate and no debts will give them a mucher sounder base to build on for the future.

Still not getting this

they went into a takeover deal of their club and applied for a licence for their club

Wtf else where they supposed to do ? <job mode> they covered all bases</job mode> they kept quiet throughout the process. i assume they knew it may end(as we did) this way but knew they had a backup.


honestly dont understand the slating of them on here by some people.

stovelid

dreamers75 wrote: »

FFS what will the shels/rovers fans slate you over now?

Being from Cork?

pablomakaveli

Cork City’s future remains unclear after takeover talks stall

By Liam Mackey
Saturday, February 20, 2010

ANOTHER day and yet another deadline has passed for Cork City without a breakthrough in the ongoing takeover talks.

The bidding consortium had set 12 noon yesterday as a cut-off point for making a final decision on whether a deal could be reached but, having at one stage in the afternoon reported that "significant progress" had been made, it wasn’t until last night that the Quintas Group, on behalf of Peter Gray, Michael O’Connell and FORAS, confirmed negotiations had stalled.

The consortium said that an offer had been made to owner Tom Coughlan earlier in the day but claimed there had been "no meaningful engagement in relation to the bid".

Contacted by the Irish Examiner last night, Tom Coughlan confirmed that he hadn’t signed up to a deal but indicated that, in contrast to the frustration being expressed by the other side, he was satisfied that progress was being made. "Business has to be done properly and that’s what’s being done by my advisors," he said.

While the consortium has not given up on the chances of reaching a deal with Coughlan and finalising their application for a Premier Division license in time to meet Monday’s deadline, it’s believed that concerns about the lack of progress being made saw the supporters’ group FORAS on the brink of leaving the consortium yesterday to focus exclusively on their own First Division application.

However, FORAS were convinced to hold the line and, according to a statement last night from Quintas, the other parties in the consortium have now turned their attention to the FORAS application, which was always considered a Plan B in the event that the takeover – and with it any realistic chance of a place in the Premier Division next season – failed to materialise.

Earlier in the day, Cork City announced the appointment of barrister James Duggan as interim chairman, a position which has been vacant at the club since Coughlan stepped down from the post having failed in a High Court bid to overturn an FAI ban for bringing the game into disrepute.

In a statement, the club described Mr Duggan as a "well established and well known figure in Cork legal circles" and expressed gratitude that he had "volunteered his services "to ensure the smooth and transparent transition of ownership of the club."

Mr Duggan was quoted as saying: "My position as interim chairman is to ensure that a change of ownership proceeds smoothly and in doing so ensure that long term football in Cork City is safeguarded. I have therefore agreed to act as Interim Chairman of Cork City Football club for a period of four weeks from the date hereof."

What form Cork City Football Club will be in four days’ time never mind four weeks is anyone’s guess but as the takeover bid now rolls on into the weekend, it’s understood that the consortium is anxious to get matters resolved, one way or another, by tomorrow night at the latest.

However, brinkmanship has been a signature of Cork City’s dealings off the pitch in recent years and so it will not come as a surprise to anyone if this long-running saga goes all the way to the wire on Monday, the day when, barring any last minute developments, the club is due to have a winding-up order lifted in the High Court and the Independent Licensing Committee makes its final decision on Cork football’s League of Ireland future.

Meanwhile, on the pitch last night Cork City beat Wexford Youths 1-0 in a pre-season friendly with Graham Cummins, who has scored in every pre-season game, getting the winner.

This story appeared in the printed version of the Irish Examiner Saturday, February 20, 2010

http://www.examiner.ie/sport/cork-citys-future-remains-unclear-after-takeover-talks-stall-112667.html



Well FORAS wanted to pull out after the deadline yesterday but were talked out of it and Coughlan is spewing his regular dose of BS to the media.

getcover

Des wrote: »

Seems FORAS lost their balls.

Expected really.

Good one.
I guess the FORAS guys working to save their club and have a Plan B if thats not possible should walk away now, because it would confound some Shels' fans expectation that they don't have "balls".

SantryRed

Well they've let another deadline go by.

Jesus Christ. I'm just bored with everything now.

getcover

SantryRed wrote: »

Well they've let another deadline go by.

Jesus Christ. I'm just bored with everything now.

and yet you and the other few Shels fans just can't stay away...

SantryRed

getcover wrote: »

and yet you and the other few Shels fans just can't stay away...

What did I say about anything? Foras really shouldn't be messing about with Coughlan, they gave him a deadline which he let go by, yet again!, and yet they still stick around. It's ridiculous at this stage.

super_furry

getcover wrote: »

and yet you and the other few Shels fans just can't stay away...

Stay away? This is a basket case of a club that's making a mockery of the league, aided and abetted by the FAI who seem determined to break every one of their own rules in their efforts to bend over backwards in such an unprecedented way for Cork City. Cobh Ramblers didn't get this treatment, Derry City didn't get this treatment, Shelbourne didn't get this treatment, no other club has been indulged to the extent that Cork are. That's why people are pissed off.

Gavin "shels"

super_furry wrote: »

Stay away? This is a basket case of a club that's making a mockery of the league, aided and abetted by the FAI who seem determined to break every one of their own rules in their efforts to bend over backwards in such an unprecedented way for Cork City. Cobh Ramblers didn't get this treatment, Derry City didn't get this treatment, Shelbourne didn't get this treatment, no other club has been indulged to the extent that Cork are. That's why people are pissed off.

Spot on!


On the matter of FORAS setting up a new club, seems Cork United will be its name.

SligoBrewer

Gavin shels wrote: »

On the matter of FORAS setting up a new club, seems Cork United will be its name.

Even Limerick 37 had a ring to it, but at least they're not pretending it's the same club ala Derry, Limerick, Derry again and that.

djpbarry

Gavin shels wrote: »

Spot on!


On the matter of FORAS setting up a new club, seems Cork United will be its name.

That's a missed opportunity - Corkingham FORASt has a nice ring to it.

pablomakaveli

Gavin shels wrote: »

Spot on!


On the matter of FORAS setting up a new club, seems Cork United will be its name.

Where did you hear that? It's going to be called Cork City FORAS Co-op as far as i know.

civis_liberalis

SligoBrewer wrote: »

Even Limerick 37 had a ring to it

Limerick "take 37" FC as I liked to call them.

Zebra3

pablomakaveli wrote: »

Where did you hear that? It's going to be called Cork City FORAS Co-op as far as i know.

At least it'll be short and snappy.

Like St Patrick's Athletic incoporating St Francis FC.

Roar

you could always shorten it to Cork City FC, if you were that way inclined..

SligoBrewer

Roar wrote: »

you could always shorten it to Cork City FC, if you were that way inclined..

Nah. Cause they're not.

getcover

super_furry wrote: »

That's why people are pissed off.

So the state of boredom has changed to a state of pissed offedness?

The farce has to end today, and probably nobody is going to be happy with the result, either city fans or fans of other clubs.
The FAi should have a called a halt to this a long time ago, and while the person who is mainly responsible for this disgrace is coughlan, the FAi have to take some blame for allowing it to go on so long.

FORAs meeting yesterday gave a lot of info, it really is unbeleiveable the stuff that coughlan tries on...

_blank_

getcover wrote: »

it really is unbeleiveable the stuff that coughlan tries on...

He's trying to rape FORAS now, I've heard.

Adding himself, his brother and his father to the list of creditors to the tune of ~€225k

FORAS can't get into bed with this clown at this stage, surely.

Töpher

I laughed.

They'll still get a licence though.

Gavin "shels"

Anymore updates?

Gavin "shels"

http://www.extratime.ie/newsdesk/articles/2903/ Fenlon having a go at Cork now.:)

Roar

Gavin shels wrote: »

http://www.extratime.ie/newsdesk/articles/2903/ Fenlon having a go at Cork now.:)

yeah, bohs are angels of course. squeaky clean.* in fairness though he was just responding to a question asked of him.

case was put back to a second call this morning, after a creditor objected to the winding up order being struck out. the creditor is michael o'connell of quintas, who's owed money by coughlan from the sale of kevin long to burnley.

due back before the court shortly.

*awaits for "well of course they are compared to yous" type response from a shels/rovers fan.

super_furry

He's a poisonous dwarf, but a poisonous dwarf with a very good point.

stovelid

Please somebody just send me a PM when this whole sorry farce is finally over.

/goes into hibernation.

getcover

Roar wrote: »

case was put back to a second call this morning, after a creditor objected to the winding up order being struck out. the creditor is michael o'connell of quintas, who's owed money by coughlan from the sale of kevin long to burnley.

Don't think thats true. MO'C gave money for the last winding up order, and was supposed to be paid back from the Celtic friendly. (he wasn't)
A different creditor is claimig the Kevin Long money was promised to him, in turn for giving tnb a loan to pay wages at some stage last year.

You couldn't make this stuff up :eek:

stovelid

getcover wrote: »

You couldn't make this stuff up :eek:

Sadly, we never have to.

Roar

getcover wrote: »

Don't think thats true. MO'C gave money for the last winding up order, and was supposed to be paid back from the Celtic friendly. (he wasn't)
A different creditor is claimig the Kevin Long money was promised to him, in turn for giving tnb a loan to pay wages at some stage last year.

You couldn't make this stuff up :eek:

apols, that's steven o'keefe who;s owed money from the long transfer.

MOC gave TNB a loan to cover last year's winding up order on the promise he'd be paid back from the celtic game, that only made 70k, so he's still owed 155k

Tippex

Aparently Deal complete.

Now just for the fudge topping with them getting their premier license.

stovelid

Taking on the club without guarantee of license. How brave.

https://www.youtube.com/watch?v=X9W4rhhEq_U

RebelRockChick

Having to wait til tomorrow to know for definate it seems...so much for it all being sorted today

major bill

RebelRockChick wrote: »

Having to wait til tomorrow to know for definate it seems...so much for it all being sorted today

its a joke i really hope they dont get the premier license!!!!!

_blank_

stolen from elsewhere...

They jumped the gun.

Company has been wound up but a stay has been placed on the order until 2 tomorrow. If a licence is granted and the revenue are paid before 2 tomorrow the deal will be done and the windup order will be lifted.

Its up to the FAI now. Not a hope in hell they can grant a licence as per their own rules...but...!

the FAI are wrapping the fudge as we speak, everyone bend over, they are about ride us rock solid.

super_furry

http://www.examiner.ie/breakingnews/sport/final-court-bid-to-save-cork-city-447284.html

So the new Cork board seem to be the same as the old Cork board. Blackmailing the FAI into giving them a licence, which they no doubt will.

I'd love it if they got relegated after all this. Even then, the FAI would most likely end up giving them 3 point for a defeat.

Töpher

They're going to demote them, but allow them to participate in the Premier Division as the 33rd 11th team, in the interests of fair play.

Ronan|Raven

So they have been wound up pending a likely fudge? That must be all sorted by 2pm tomorrow? That must result in a fudge that must result in???

*faints*

Tippex

but if they are "wound up" so to speak there is no club to award a license to this evening...

_blank_

This consortium is buying the club as is, and have said they'd only pay the debts if there was a licence granted (PD I assume).


They (FORAS included here) are trying to create a vicious circle.

They want to buy the club and keep it going as Cork City, to do that, they have to take on the debts, if they don't pay the debts, the club will be wound up.

The FAI can't, under licencing rules, give Cork City a licence, so therefore, this consortium won't pay the debts.

What FORAS are doing is nothing short of a disgrace. They are trying to force a fudge.

super_furry

It's blackmail, plain and simple.

Gavin "shels"

Des wrote: »

The FAI can't, under licencing rules, give Cork City a licence, so therefore, this consortium won't pay the debts.

Well it's been proven that the licencing rules are bull ala United Park.

civis_liberalis

Gavin shels wrote: »

Well it's been proven that the licencing rules are bull ala United Park.

While I agree, I think this situation is much much more serious.

Pure_Cork

It's disgraceful that other clubs are trying to force the FAI to destroy the current entity and screw local businesses, players and staff. Pure blackmail.

_blank_

Pure_Cork wrote: »

It's disgraceful that other clubs are trying to force the FAI to destroy the current entity and screw local businesses, players and staff. Pure blackmail.

But it's ok for FORAS to blackmail the FAI into giving a licence to CCFC?

Are you for real?