Rovers must wait on examiner decision

Monday, 11 April 2005

The High Court has adjourned until tomorrow a final decision on the appointment of an interim examiner for Shamrock Rovers.

The club, who have debts of over 2.36 million euro, today petitioned Mr Justice Peter Kelly to appoint an examiner to try and secure the future of the club.

The judge refused and adjourned to allow the club to prevent further evidence on the current negotiations to secure Morton Stadium as a home base.

The Santry stadium has been presented by the club as an alternative neutral ground in the event of the Tallaght stadium not being completed.

The court was told that the club was unable to meet the players' wage bill of 13,500 euro last week and they were paid only by way of a loan from one of the supporters, a member of the 400 Club.

Tonight the 400 Club will have an EGM voting on a proposal to support the club financially during the period of the examinership.

The 400 Club have been working closely with the current board with a view to restructuring the debt - seeing that this is the only course of action for Shamrock Rovers.

The 400 Club is a member-run organisation of Rovers fans which has contributed over 250,000 euro since its inception 2.5 years ago.

An independent accountant has given the club a reasonable prospect of survival subject to four conditions which include getting a home ground and the appointment of a full time commercial manager.