Transfer cash glitch puts City deal in the balance

THE takeover of Cork City could go down to the wire, with complications arising out of recent transfer deals apparently posing last-minute problems for the consortium which has made an offer to buy the club.

Time is now of the essence as Monday sees the club facing both a High Court winding-up order over unpaid tax and the final decision on club licenses for the new League of Ireland season.

Some €150,000 in total is due to Cork City from the sale, last November, of Kevin Long to Burnley and, via an option to cash in the sell-on clause, from the transfer which took David Meyler to Sunderland in 2008.