Cork City to enter examinership (or worse, receivership)

_blank_ · 28-08-2008 12:36am

The eL Transfer Window is closed, seemingly none of the CCFC players asked to be made free agents today. Is there anything to suggest that they will tomorrow?

KdjaCL · 28-08-2008 12:41am

Des wrote: »

The eL Transfer Window is closed, seemingly none of the CCFC players asked to be made free agents today. Is there anything to suggest that they will tomorrow?

Irrelevant as you should know, once breach of contract and MCCuntness and the PFAI involved its a free for all on the players.

We can all sign unattached players, Paisley and Rogers being our 2 that were in the same situation.

Cork players seeking advice atm from the PFAI

kdjac

_blank_ · 28-08-2008 12:46am

KdjaCL wrote: »

Irrelevant as you should know, once breach of contract and MCCuntness and the PFAI involved its a free for all on the players.

It wasn't until our players forced the issue at the end of the '06 season that they actually became free agents. They had to threaten Ollie with court.

Anyway. If the City players were all asked by the owners to take a pay cut, and they all agreed to it, are the club technically in breech of contract? AFAIK all players were fully paid up, with one pay cheque being a week late.

KdjaCL wrote: »

We can all sign unattached players, Paisley and Rogers being our 2 that were in the same situation.

Yeah, I know that they become free agents when the contract is breeched. Proper order. And I said that when it happened to us too.

KdjaCL wrote: »

Cork players seeking advice atm from the PFAI

So nobody really knows.

***************

I think Cork City need to "do a Shels" tbh.

applehunter · 28-08-2008 1:41am

Any of the City fans here going to sign up to FORAS?

gimmick · 28-08-2008 9:17am

Des wrote: »

Is Slick still employed by the club?

In fact he is paying the club now to let him work for them

or may as well be anyway.

There could be some big developments over the next few days. Its should not be all doom and gloom just yet.

Zebra3 · 28-08-2008 1:00pm

Roar wrote: »

all on and off the field staff have agreed to take an interim 70% wage cut

Wage cut or deferment?

gimmick · 28-08-2008 2:13pm

^ Neither. Its interim. They will get their full wages when/if things are sorted and will not receive back pay as far as I know.

Gavin "shels" · 28-08-2008 9:36pm

http://www.eircomloi.ie/news-centre/news-1/august-2008/news-58/index.xml

10 points deducted.

SantryRed · 28-08-2008 9:37pm

They've been deducted a measly ten points.

Fcuking joke.

SantryRed · 28-08-2008 9:39pm

http://www.eircomloi.ie/news-centre/news-1/august-2008/news-58/index.xml

jaykay74 · 28-08-2008 9:40pm

Thats grand. good result for city.

SantryRed · 28-08-2008 9:40pm

jaykay74 wrote: »

Thats grand. good result for city.

You cannot be serious?

Gavin "shels" · 28-08-2008 9:41pm

They've only been deducted these as they've gone into examinership, could be more sanctions to follow.

jaykay74 · 28-08-2008 9:44pm

SantryRed wrote: »

You cannot be serious?

Basically city are fcuked. If they can keep themselves in the premier league this season and not go out of business thats the best they can hope for. 10 point penalty is meaningless imo. Do you think the 10 points matters somehow ?

SantryRed · 28-08-2008 10:04pm

jaykay74 wrote: »

Basically city are fcuked. If they can keep themselves in the premier league this season and not go out of business thats the best they can hope for. 10 point penalty is meaningless imo. Do you think the 10 points matters somehow ?

They should be deducted more and thrown into the relegation dog fight IMO.

Sure run up debts of a million, it's only a ten point penalty.

jaykay74 · 28-08-2008 10:17pm

SantryRed wrote: »

They should be deducted more and thrown into the relegation dog fight IMO.

Sure run up debts of a million, it's only a ten point penalty.

That why I said it was a good result for city in the 1st place and you disagreed

Theres a good chance we'll go out of business anyway so you'll get your wish and more.

Pure Cork · 28-08-2008 10:19pm

SantryRed wrote: »

They should be deducted more and thrown into the relegation dog fight IMO.

Sure run up debts of a million, it's only a ten point penalty.

I don't think there are any clear guidelines. I think there'll be worse to come. Don't worry.

We're still ahead of Drogs on goal difference!!!

(For now anyway.....)

SantryRed · 28-08-2008 10:31pm

jaykay74 wrote: »

That why I said it was a good result for city in the 1st place and you disagreed

Theres a good chance we'll go out of business anyway so you'll get your wish and more.

Sorry, didn't realise you were a City fan.

Location threw me off:p

jaykay74 · 28-08-2008 10:39pm

SantryRed wrote: »

Sorry, didn't realise you were a City fan.

Location threw me off:p

No worries, I have 2 bleedin Dub toddlers anyway so maybe I'm a Dub once removed. Its too far to Turners Cross so they'll end up supporting probably Rovers Or UCD for their sins (I'II make them pay).

RebelRockChick · 29-08-2008 12:27am

applehunter wrote: »

Any of the City fans here going to sign up to FORAS?

Hopefully, but unfortunetly do not have the money to do so right now.

gimmick · 29-08-2008 11:58am

For any City fans not traveling to Dublin tonight, FORAS are doing a raffle in the TCT during the televised game. This will be the first of many fundraisers in the weeks to come.

Zebra3 · 29-08-2008 12:47pm

Gavin shels wrote: »

They've only been deducted these as they've gone into examinership, could be more sanctions to follow.

There better be. :mad:

OhNoYouDidn't · 29-08-2008 2:53pm

Gavin shels wrote: »

They've only been deducted these as they've gone into examinership, could be more sanctions to follow.

Wrong. They have been deducted points for breaching licencing - ie Arkaga breaching the agreement to pay the bills.

There is no punishment for going into examinership per say. But obvioulsly if you need to, there is something wrong in the first place - in Cawks case people refusing to pay bills they promised to.

If whatever emerges from examinership is not in a position to get a Premier licence in December, they will be relegated.

10 points is about right based on the Rovers and Longford precedents.

OhNoYouDidn't · 29-08-2008 2:55pm

Zebra3 wrote: »

There better be. :mad:

Why?

Roar · 30-08-2008 5:52pm

john o'flynn having a medical with barnet today. they're also interested in darren murphy and denis behan

dan murray, joe gamble and colin healy all rumoured to be gone.

we'll be lucky to have a team for the cliftonville game on monday

cant say i blame them at all, it's a shame it's come to this

bohsman · 30-08-2008 5:56pm

Hope we win the league by 10 points or more.

gimmick · 30-08-2008 6:11pm

We weren't going to finish within 10 points of you lot anyway.

I'm on Newstalk to give my candid views on the situation in a while. Hope I am not given the usual 3 minute eL bit at the end of the show as normal.

bohsman · 30-08-2008 6:14pm

yea but if we get in trouble theres a 10 point deduction precedent

KdjaCL · 30-08-2008 6:33pm

bohsman wrote: »

yea but if we get in trouble theres a 10 point deduction precedent

Your goal difference should do it for you then.

kdjac

Zebra3 · 30-08-2008 9:42pm

OhNoYouDidn't wrote: »

Why?

A club pledges to honour its debts and gets relegated.

A club tries to walkaway from its debts and gets deucted 10 points.

So that's why I hope there's more, much more, to follow.

gimmick · 31-08-2008 2:22am

john o'flynn having a medical with barnet today.

From what I hear, he no longer wants to sign for them. We will know by tomorrow.

KdjaCL · 31-08-2008 2:54am

gimmick wrote: »

From what I hear, he no longer wants to sign for them. We will know by tomorrow.

is that internet speak for failed medical?.

No way in hell he would pass a medical with anyone.

Noticed gamble kissing the crest as he was sent of last night.

kdjac

LeixlipRed · 31-08-2008 10:39am

Barnet probably concluded that John O'Flynn was 40% human and 60% scar tissue

gimmick · 31-08-2008 12:12pm

KdjaCL wrote: »

is that internet speak for failed medical?.

That is what I suspect also.

OhNoYouDidn't · 01-09-2008 12:35pm

Zebra3 wrote: »

A club pledges to honour its debts and gets relegated.

A club tries to walkaway from its debts and gets deucted 10 points.

So that's why I hope there's more, much more, to follow.

It is a source of much amusement to me how Shels fans still haven't quite figured out why they got relegated.

If Cawk are still a basket case in December when the licencing process happens, they will be denied a place in the premier division or possibly worse.

Rovers, Longford and now Cawk have had problems mid season and points were deducted. That was never an issue for Shels.

What bit of that confuses you?

And Shels 'pledged' to settle their debts. So what? They didn't. Whereas Rovers did.

Roar · 01-09-2008 3:08pm

john o'flynn signs for barnet

http://www.barnetfc.premiumtv.co.uk/page/LatestNews/0,,10431~1381576,00.html

best of luck to him

judas

djpbarry · 01-09-2008 3:22pm

Roar wrote: »

john o'flynn signs for barnet

http://www.barnetfc.premiumtv.co.uk/page/LatestNews/0,,10431~1381576,00.html

That's a bit of a step down for him, isn't it? Or is it a case of Cork offloading an injury-prone big-earner?

RebelRockChick · 01-09-2008 3:32pm

Roar wrote: »

john o'flynn signs for barnet

http://www.barnetfc.premiumtv.co.uk/page/LatestNews/0,,10431~1381576,00.html

best of luck to him

judas

Shame to see him go, but good luck to him. Mr. Mullen have anything to do with this I wonder :P

bohsman · 01-09-2008 3:32pm

djpbarry wrote: »

That's a bit of a step down for him, isn't it? Or is it a case of Cork offloading an injury-prone big-earner?

A case of him legging it cos he had to take a 70% paycut at cork Id say.

Roar · 01-09-2008 4:01pm

bohsman wrote: »

A case of him legging it cos he had to take a 70% paycut at cork Id say.

that's about the size of it.

can't say I blame him at all to be honest, still sad to see him go

OhNoYouDidn't · 01-09-2008 4:05pm

bohsman wrote: »

A case of him legging it cos he had to take a 70% paycut at cork Id say.

Not one of the Cork City first team will be there in December. They had better get used to it.

Roar · 01-09-2008 4:24pm

OhNoYouDidn't wrote: »

Not one of the Cork City first team will be there in December. They had better get used to it.

should our mooted new investor who Alan Mathews was speaking so positively about yesterday come in, I wouldn't be too sure about that.

The players were told about this new investor on friday. Mathews said on the radio yesterday that one player had a concrete offer from scotland and another player had a concrete offer from scandanavia, however they both rejected those offers to stay at the club.

Which to me suggests that this new investor is deadly serious, and the players have been made aware of it.

OhNoYouDidn't · 01-09-2008 4:25pm

Roar wrote: »

should our mooted new investor who Alan Mathews was speaking so positively about yesterday come in, I wouldn't be too sure about that.

The players were told about this new investor on friday. Mathews said on the radio yesterday that one player had a concrete offer from scotland and another player had a concrete offer from scandanavia, however they both rejected those offers to stay at the club.

Which to me suggests that this new investor is deadly serious, and the players have been made aware of it.

Fantastic news, but utterly irrelevent since the examinership process has begun.

Roar · 01-09-2008 4:30pm

OhNoYouDidn't wrote: »

Fantastic news, but utterly irrelevent since the examinership process has begun.

explain how.

this should be interesting.

OhNoYouDidn't · 01-09-2008 4:34pm

Roar wrote: »

explain how.

this should be interesting.

Neil Hughes owns your club for the 100 (i think) days of the process. At the end he will listen to offers for the club and decide to accept one or fold the entity. In the meantime, all players he can offload of the wage bill he will.

Bear in mind this is the exact same guy who did Rovers examinership.

Roar · 01-09-2008 4:41pm

OhNoYouDidn't wrote: »

Neil Hughes owns your club for the 100 (i think) days of the process. At the end he will listen to offers for the club and decide to accept one or fold the entity. In the meantime, all players he can offload of the wage bill he will.

Bear in mind this is the exact same guy who did Rovers examinership.

kieran mccarthy is the examiner for cork city.

as for "offloading" players from the wage bill, the players have accepted a 70% cut to reach the target the examiner wants, so players won't be "off loaded".

they can, however, leave if they so wish, as seen with john o'flynn signing for barnet, and lawrie dudfield returning to the uk to try and find a club.

the examinership period granted to cork city fc runs until the 7th of October, by which time the future of the club will be sorted, with a new investor in place.

if any players were going to be "off loaded" it woudl be today, yet bar o'flynn and dudfield, the rest of the squad are in belfast for tonight's setanta cup game

expect most of the city first team to be here in december.

OhNoYouDidn't · 01-09-2008 4:50pm

Roar wrote: »

kieran mccarthy is the examiner for cork city.

as for "offloading" players from the wage bill, the players have accepted a 70% cut to reach the target the examiner wants, so players won't be "off loaded".

they can, however, leave if they so wish, as seen with john o'flynn signing for barnet, and lawrie dudfield returning to the uk to try and find a club.

the examinership period granted to cork city fc runs until the 7th of October, by which time the future of the club will be sorted, with a new investor in place.
if any players were going to be "off loaded" it woudl be today, yet bar o'flynn and dudfield, the rest of the squad are in belfast for tonight's setanta cup game

expect most of the city first team to be here in december.

with respect, that is the most naively optimistic thing I have ever read.

why are you so sure?

Roar · 01-09-2008 5:04pm

OhNoYouDidn't wrote: »

with respect, that is the most naively optimistic thing I have ever read.

why are you so sure?

sources

can understand that it looks naively optimistic though

OhNoYouDidn't · 01-09-2008 5:18pm

Roar wrote: »

sources

can understand that it looks naively optimistic though

I'm not disputing that there will be a bid. I'm asking why you are so sure it will be accepted.....

You are assuming that the creditors will be as forgiving as Rovers ones were. If they play hardball, he could well fold the whole thing, and this whole mess began with a creditor playing hardball.

Roar · 01-09-2008 5:31pm

OhNoYouDidn't wrote: »

I'm not disputing that there will be a bid. I'm asking why you are so sure it will be accepted.....

You are assuming that the creditors will be as forgiving as Rovers ones were. If they play hardball, he could well fold the whole thing, and this whole mess began with a creditor playing hardball.

you assume (and have been assuming) that cork city's examinership is the EXACT same as the rovers one

it's not

Cork City to enter examinership (or worse, receivership)

Comments