The FORAS Board of Management is delighted to announce that FORAS has completed the purchase of the liquidated effects of Cork City Investments FC Ltd, including all intellectual property. By this purchase, the Cork City Football Club name is returned to its rightful owners, the fans of Cork City FC. The club will continue to play under the name of Cork City Football Club, as the name of the club cannot be changed mid-season, nor will the news today affect our crest for the foreseeable future.
Commenting following the purchase, Cork City Chairman John O’Sullivan said: “This is a development with which we are all absolutely delighted. A significant amount of work and care went into the process, and we would like to recognise the contribution of Seán Ó’Conaill and our solicitor Michael O’Dowd of O’Hanlon O’Dowd Solicitors [www.ohod.ie]. We would also like to express our appreciation to the team at Moore Stephens Nathans; the decision to allow Cork City FC to continue playing at underage level allows us to express with absolute certainty that Cork City FC has never stopped, not for a second.”
Our underage teams who are currently in their off-season will soon kick-off as Supporters’ run teams. A key element of funding for the underage structure is the Club Lotto, which is now available on-line at CorkCityFC.ie.
With the Cork City Football Club name now returned to the supporters of the club, we look forward to continuing the excellent start the club has enjoyed to the 2010 season. The club has achieved some excellent results on the field of play, whilst sound structures are being put in place to ensure that the club will continue to live within its means.
We believe that there is a bright and successful future for supporters of Cork City Football Club to look forward to, and we thank our supporters for the steadfast and loyal support we have received in recent times. We are delighted that Cork City Football Club, and its future, is now in the right hands.