I’m retarding progress, says Cork chief Coughlan

TOM COUGHLAN says that the “primary reason” for his stated intention to step down as Chairman of Cork City is to help ensure a viable future for the club.

However, the FAI have described Coughlan’s move as “too little, too late”.

Today is deadline day in the club licensing process for next season, although it’s understood that Cork have appealed for an extension which would give them until the middle of next week to supply audited accounts. Club licensing rules require that all outstanding debts – believed to be over €300,000 in Cork’s case – need to be settled today, but in the event that they are not the independent committee could still award City a licence if they are under new ownership by the time the body makes its final decision in the middle of next month.