Crisis deepens on Leeside as City deducted 10 points by FAI
A meeting of the FAI’s Independent Club Licensing committee was convened last night and they deducted 10 points from the club.
An FAI statement said: “Following Arkaga’s regrettable decision to renege on its written undertaking to guarantee all liabilities arising at Cork City Investment FC Ltd until January 2009, the club entered into examinership on August 18. The FAI has already expressed its displeasure at Arkaga’s actions which have placed the club in the difficult position it finds itself.