Shamrock Rovers seeks High Court protection

The eircom Premier Division club which has debts of more than €2.5m, of which about €1m is owed in unpaid taxes to the Revenue Commissioners, is to apply for protection from the High Court to safeguard it from its creditors. club. Officials have met accountants and solicitors over the past three weeks after cashflow difficulties meant the club was unable to pay a number of its suppliers. If the bid is approved, the board will secure protection from its creditors for 70 days, during which time a financial rescue plan for the company will be drafted. The club is also involved in a legal battle over its proposed new stadium in Tallaght, Co Dublin where work has been halted for the past six months. Club fans have emphatically endorsed proposals to financially support the club through its impending appeal for protection from the High Court.

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