Cork City’s future secured for now as Revenue bill settled

CORK CITY will survive to fight another day but next on the agenda is almost six weeks pay owed to players and staff.

The High Court is expected to quash a winding-up order issued by the Revenue Commissioners later this morning after the balance owed on tax liabilities was cleared yesterday.

A bank draft of €219,000 was submitted to the Cork office of the Revenue Commissioners a couple of hours before the 4.30pm deadline and club chairman Tom Coughlan, also a director of Cork City Investments Ltd against whom the legal action was taken, last night confirmed that a “London bank” had stepped in to assist the club in completing the €439,000 tax liability.