Ya Maguire and Alan Browne clauses. Tbf they were the mechanism used to allow Hemmings to get money into the club. He put in a significant amount of money with no return on the table so far bar an agreement that if he comes back with a take over proposal, we are obliged to listen and vote upon it. No proposal currently exists.
Ccfc are 100% the makers of their own issues and we take responsibility for that but a few things went against us here as well that are examples of unfortunate timing. 1) The revenue having proposed a repayment plan of monies owed themselves, then withdrew the proposal when the club agreed to it, limerick screwing them over and a certain politician saying if the fai goes the loi goes too, would have played a large part in this. The revenue demanded everything up front and we needed a tax clearance certificate to obtain a license. 2) The fai had their holes opened by uefa so the first chance the new fai had to show how reformed they were was ccfc license application and man they went to town on us. The bom believed that securing X in funding would ensure we were viable until the seasons end, the fai insisted it needed to be 2X to grant a license. Hemmings gave is the 2X which is a bigger figure then has so far been quoted in the media, by lodging the revenue money in escrow for them and providing the club with the rest, this was facilitated in two ways 1) they bought the sell on clauses and 2) they paid for the right to be heard on a takeover proposal. We were two hours from being done as a club and somehow this bom found a white knight.
These are legacy issues which have had to be dealt with by this bom despite them not causing the issues. Im my opinion the [Poor language removed] the chairman and bom members take on line is horrific from anonymous twitter accounts etc, the bring back JC brigade despite imho the same JC and his stooges on the bom destroying this club, the worst thing that happened us was winning that double. He was given free reign after that and ran us into the ground
