Limerick FC is facing liquidation after a court hearing today.
Munster Football Club Ltd, who are the company behind the League of Ireland outfit, were in Ennis District Court to remove court protection which brings to an end the examinership process that started earlier this year.
The club has debts of approximately €490,000. As a result, they look set to drop out of the League of Ireland 2020 season.
Chairman Pat O’Sullivan had been looking for new investment and the club were docked points last season as a result of going into examinership.
The club released a statement confirming the news.
"The examiner of the company behind Limerick FC today returned to the South Western Circuit Court in Ennis to remove Court protection spelling the end of an examinership process which has been on-going since September 2019.
"Conor Noone of Baker Tilly Chartered Accountants, told the Court that while an investor had been identified, that party did not engage with him in the manner required in recent weeks in order to firstly secure a licence for First Division football next season nor secondly the funding necessary for the formulation of a scheme of arrangement with Limerick’s creditors.
"When entering the examinership process in September, Munster Football Club Limited, which trades as Limerick FC, had debts of approximately €490,000."
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