Cork City wont play in the League of Ireland Premier Division this season after the Independent Club Licensing Committee unanimously decided to refuse their application.
However, they have been granted a licence to play in the First Division but they will need to find €160,000 to pay off the Revenue Commissioners to take that place as they are facing a winding up order.
The Independent Club Licensing Committee explained there decision in a statement tonight.
“The Independent Club Licensing Committee met this evening and unanimously decided to refuse the Premier Division Licence application of Cork City Investment FC Ltd.
Having carefully considered the application and all of the documentation submitted it was the view of the Committee that the club fell seriously short of the criteria required to fulfil a Premier Division Licence in a number of areas.
The committee also considered the application from Friends of the Rebel Army Society (FORAS) and agreed to grant a First Division Licence for the 2010 season.”