Last-minute save for Cork City

EMBATTLED Cork City FC secured a last-minute reprieve from a High Court order to have the soccer club wound up.

The court initially confirmed last Monday’s order to liquidate the club’s holding company, Cork City Investments FC, after finding the company was insolvent following the Revenue Commissioners refusal to accept a payment from the club of 210,000, plus certain undertakings to discharge the remainder of the debt of 439,000.

However, yesterday evening Ms Justice Mary Laffoy heard from Dermott Cahill BL, for Revenue, that it was prepared to accept an initial payment of 210,000 and that the remainder of the debt, 219,000, be paid by the close of business next Wednesday.