Irish Dublin City is out of business

Eircom Premier Division club Dublin City folded.

In a surprise development, the club announced that it had resigned from the league after its holding company, Little Roc Inc, ceased trading earlier in the day.

At a specially convened Board of Control meeting of the league, it was decided that Dublin City's points be expunged from the records, leaving Drogheda United as the new leaders of the Premier Division.

With as few as 150-250 fans at some matches, the more than likely loss of sponsorship funds and a wage bill of approximately GBP 9-10,000 a week the club's survival was not possible.

"It is with deep regret that Little Roc Inc, trading as Dublin City Football Club, has ceased trading," read an official statement released by Ronan Seery, Dublin City CEO. "Due to ongoing difficulties, our continued existence within the eircom League simply became untenable, and while extremely difficult to make, it is the most prudent and honourable decision and course of action to take."

Junior club Killester United, drawn against Dublin City in the third round of the FAI Cup, can now expect to receive a bye into the quarter-finals of Ireland's premier knockout competition.

Dublin City's players immediately become free agents and are available to sign for other clubs.

"I would like to thank all those people who shared in the Dublin City dream and who, no doubt, will be disappointed, as I am, with this turn of events," said Eircom League chairman, Paddy McCaul. "It is with deep regret that we announce the resignation of Dublin City from the Eircom League."

Football Association of Ireland (FAI) CEO John Delaney said that the loss of any club from football is very unwelcome.

"The issues affecting all eircom League clubs in terms of viability and securing a sustainable future within the league are similar and are very much behind the rationale for the planned merger with the FAI," Delaney said.

Source: euFootball.BIZ © Copyright 2006 - All rights reserved.