Cork City’s new CEO Pat Kenny today shot down any suggestion club owners Arkaga are preparing to off-load their interest in the club.
There has been speculation recently that City’s owners are looking to sell the club, but in the aftermath of the news that eircom is set to pull the plug on their €350,000 annual sponsorship of the league, Arkaga have given a welcome vote of confidence in Cork City.
The league has endured a difficult few months off the pitch, with a number of clubs, most notably Sligo Rovers, who must find €130,000 by next month, struggling to survive.
Arkaga have already said that they are prepared to lose £1m (€1.2m) this year but Kenny said: “They have no intention of pulling out.”
Kenny also revealed City are interested in moves by Fintan Drury’s Platinum One organisation to establish an All-Ireland league.
“Cork are one of the prime movers in the eventual setting up of an All-Ireland league but that’s down the road,” he said.
“It won’t happen overnight. It will take some time to come to fruition,” said Kenny who described eircom’s proposed withdrawal from the domestic game as a body blow.
“I feel confident that the likes of John Delaney and Noel Mooney would have been well aware of eircom’s intention and they probably have a new sponsor lined-up,” he added.
The FAI refused to confirm or deny the news but said in a statement: “We are currently in discussions with eircom on all aspects of sponsorship. The talks are at an advanced stage and we won’t be commenting any further until they have concluded.”
Meanwhile David Meyler’s three-year deal with Sunderland has been confirmed and he could make his debut against in the friendly against Cobh Ramblers on Monday.