The Official Derry City FC thread

[ExiledGael]

Surely it's only a matter of time before the tax man comes calling here too.

[Bogball XV]

The company that currently owns Derry City is going to go into administration or liquidation, all assets will be sold but what assets have Derry got ? As far as I know all the players are free agents now and can join any club, they don't own the Brandywell as far as I know.

So basically Derry City have run up supposedly £800,000 in debts with the creditors receiving nothing or next to nothing whilst Derry Citys only punishment is to be relegated and starting off on a clean slate with establishing a new limited company.

The FAI had no option to treat Derry this way and I would imagine there's a few nervous players and directors in other clubs who are receiving brown envelopes along with there pay cheque.

its not quite that simple, if the directors traded fraudulently they can be made personally liable for the co's debts

rarely happens though, extremely difficult to prove - is that the uk situation too?