Cork City to fold after High Court judgement

Cork City Football Club has been told to close at the High Court today.

A 'winding-up' order was issued against the club, but a stay was placed on it until Friday, meaning the club can continue trading until then.

Today was the deadline set by a High Court for the club’s directors to meet the requirements of the Revenue Commissioners to help settle an estimated €360,000 debt.

The club were in a confident mood before today's court sitting and seemed to think the recent sale of key players Colin Healy and Denis Behan, to Ipswich Town and Hartlepool United respectively, would have helped meet the minimum demands of the court. The sales of the players were thought to have raised at least €120,000.

However, Justice Mary Laffoy said the trading company Cork City Investments FC was effectively insolvent.

While acknowledging the important social role that the club plays in Cork, the judge said she had no choice but to make an order winding up the company.

Full report to follow.

More in this Section

Valtteri Bottas ‘realistic’ over his chances of catching Lewis HamiltonValtteri Bottas ‘realistic’ over his chances of catching Lewis Hamilton

Ireland fans set up Facebook page to help frantic ticket swapsIreland fans set up Facebook page to help frantic ticket swaps

Redknapp feels Pochettino may need fresh start but expects him to stay at SpursRedknapp feels Pochettino may need fresh start but expects him to stay at Spurs

England fly-half George Ford tips Japan to cause more shocks at World CupEngland fly-half George Ford tips Japan to cause more shocks at World Cup


Lifestyle

Helen O’Callaghan says we are the least strict in all of Europe.Praise over punishment: Irish parents least strict in Europe - study

Kya deLongchamps detects a hint of rebellion behind the ritual of afternoon tea.Vintage View: English tradition of afternoon tea won't exit with Brexit

Friends and Young Offenders actors Shane Casey and Dominic MacHale speak to Pat Fitzpatrick about struggling to make it but why they are not seeking out fame.‘I was down to a euro’ - The Young Offenders actors tell of struggle to make it in acting

Gerry Fitzgerald runs Bandon Books Plus in Riverview Shopping Centre, Bandon, Co Cork.We Sell Books: Turning over a new leaf from bank to bookshop in Bandon

More From The Irish Examiner