Pressure mounts on Coughlan to sell Cork City
Published 12/02/2010 | 05:00
PRESSURE was mounting on Cork City owner Tom Coughlan last night to sell up after a local consortium announced it has made an offer to purchase the club, while also promising to give supporters trust FORAS a say in the running of the Leeside outfit.
A statement released yesterday evening by a marketing company representing Quintas, who in turn were representing two Cork businessmen, made public their plans to take over the club.
"The offer has been made on behalf of a consortium of local businessmen and is completely separate to the previous offer which Quintas facilitated," the statement read.
Details of the amount of money offered by Peter Gray -- a semi-retired property developer -- and ex-Adidas Ireland Chief Executive Michael O'Connell were not divulged.
But the major factor was the public backing given by FORAS in the statement -- the vast majority of Cork fans are very much in favour of involving the supporters trust in the day-to-day running of the club.
"We support this move. This is a really exciting offer made by individuals who have the best interests of the club at heart," said FORAS chairman, John O'Sullivan.
Earlier yesterday, Cork announced that they will hold a press conference this afternoon, sparking speculation that a takeover may be imminent.
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