Cork City bid to avoid going into receivership: Reports

Cork City FC is believed to be considering an application to the High Court for examinership in a bid to avoid going into receivership.

The club has been experiencing financial difficulties of late and as recently as two weeks ago they failed to pay the salaries of the players, sparking an outburst from club captain Dan Murray. However, the players are now understood to have been paid up to date.

Former chairman Brian Lennox, who sold the club to Venture Capital, stepped down as a director of the club last night.

City is the latest eircom League club to undergo such difficulties with Cobh Ramblers and Galway United also showing concerns recently.