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Wed 08 Aug 2008Cautious hope for survival of Cork City
LEAGUE OF IRELAND: THERE WAS cautious optimism among those involved in saving Cork City last night that the club can follow the lead of Shamrock Rovers by successfully emerging from examinership on a sounder financial footing over the coming months.
Kieran McCarthy of Hughes Blake, the same accountancy firm appointed in the Rovers case, was named as interim examiner to Cork City Investments Ltd yesterday. The appointment is expected to be made permanent at a full hearing of the application on September 1st, but the club was effectively granted protection from its creditors yesterday and work will begin straight away on securing the future of the club.
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