Whats all that about. Sugar Daddy splashes €300,000 on Limerick FC and then decides to sulk when its all gone???
A bit more info required SLR. Why is he suing them?
He basically claims that the FAI and John Delaney hoodwinked him into investing into Limerick FC a few years ago.
Former Limerick FC owner taking FAI to the High Court
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[size=3]Having failed at the start of this year to have his case heard in the courts of his native New Jersey, former Limerick FC owner and chairman Jack McCarthy has initiated legal proceedings against the FAI, John Delaney and others in the High Court.[/size][/size][/font]
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McCarthy, who claims he lost just short of €300,000 over the course of his involvement with the Airtricity League outfit, contends that during his ownership of the club he did not receive the support he had been promised by the association and some of its senior staff prior to investing in it.[/size][/font]
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Unhappy at the way in which the transfer of ownership was ultimately handled when he departed three years ago, he has also initiated proceedings against the club’s owner, Pat O’Sullivan, and the company through which he owns the club, Munster Football Club Limited, as well as Limerick District Management Council, which owns the ground out of which the club has played in recent seasons, Jackman Park, and was involved in the club prior to McCarthy taking control.[/size][/font]
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In the United States McCarthy had sought “triple damages” amounting to around €960,000, something he was entitled to do under the Racketeer Influenced and Corrupt Organizations Act (RICO), normally used to deal with gangster and Mafia related crime.[/size][/font]
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The FAI, however, argued if there was a case to be argued over – which they denied – it should be heard in Ireland and when a judge agreed it left McCarthy with no option but to take his fight here if he wished to continue pursuing it.[/size][/font]
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Last night, he said he was determined to do just that.[/size][/font]
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“I think there was a wrong,” he said, “and I hope to have it redressed.”[/size][/font]
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As of yesterday, the association appeared not to be aware of the new action and last night declined to comment when told about it but at the time of the American case it issued a statement in which it said that: “The Football Association of Ireland and its employees strenuously deny ALL (their emphasis) allegations made by Mr McCarthy as baseless, unsubstantiated and defamatory. The FAI intends to contest this action with the utmost vigour possible.”[/size][/font]
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In copies of email exchanges from June 2009 previously filed with the American courts McCarthy had suggested to Delaney some form of mediation be sought in order to enable the two sides to overcome their differences.[/size][/font]
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In his reply, however, the association’s chief executive rejected all of the allegations and threatened the American, who is a lawyer, with a libel action.[/size][/font]
Jesus he invested in a soccer club and what? Expected to make money? He hasn’t a hope of winning this case.
Where is the money coming from for the current incarnation of senior football in the city?
Dont know but based on Tweets from Stephen Miller there seems to be a bottomless pit for a new manager. Big names will be printed in the paper tomorrow. I had heard the name Pat Dolan, and he replied ‘Much much bigger names’
We are obviously talking managers from across the water or else someone like Brian Kerr
Holy Shit :o
I’m out of here, I’m not having anything to do with the shitstorm that came the last time that photo was posted here :ph34r:
Mods, get on this.
5 Names (Purely Guesswork)
Brian Kerr
Steve Staunton
Matt Holland
Kenny Cunningham
Steve Finnan
SLR and Horsebox have bitten off more than they can chew here
Take that fucking down!!
We have a Super Blues thread for this kind of talk!
WHAT THE FUCK!!!
Fucking mods asleep at the wheel. This is a disgrace that this is up so long.
Good luck to Jack. I hope he takes these bastards to the cleaners.
The priest hardly managed to sell Rathbane again?
:lol: Havent seen that photo in a while,mods will not be pleased horsebox
Rathbane is history, dont know if anything is taking place there now.
Limerick FC will be playing their Premier League games in Thomond Park next season until the Markets Field is redeveloped. Sometimes I wonder if JP would have been better off buying a 100 year lease on Thomond Park for the Soccer rather than redeveloping the Markets Field, because any half decent European game will be played there anyway in 2014.
I have a thought in my head that when McCarthy got involved there was a mention of a trust for Rathbane. It’s possible McCarthy’s relatives owned it originally or something.