Cork given two weeks to pay Revenue

The High Court has given Cork City two weeks to repay a debt of over €360,000 to the Revenue Commissioners or face eing wound up.

The club was taken out of examinership last October after a survival scheme and repayment package was agreed with new investors and creditors.

Though a portion of the debt has been repaid since, the Revenue insisted it was not sufficient and sought a winding up order.

The club’s legal representation argued that efforts had been made to satisfy the liability but were rejected by the Revenue.

Ms Justice Mary Laffoy said today the club was to be given one last opportunity to pay the debt or reach an agreement with the Revenue, because it employs 45 people and plays an important social role in the city.

In a statement released this afternoon, the club called for support from the local community.

“The club has made determined efforts in the past 10 days to reach a settlement with Revenue, but to date has been unable to agree a settlement. Cork City will continue its attempts to resolve the issue fully over the coming fortnight.

“At this time it is imperative that our loyal supporters and the people of Cork get behind the club, as this support will be crucial to the future of the club and League of Ireland football in Cork.

“Cork City's upcoming friendly match against Ipswich Town on Sunday, July 19th will offer the club the opportunity to raise much needed funds, and we urge the people of Cork to support the club by attending the match.”

City are currently third in the Premier Division, level on points with Shamrock Rovers, having played a game more, and five adrift of leaders Bohemians.