herald

Thursday 16 August 2018

The club has come out reasonably strong since financial turmoil that threatened its existence in 2005, when it was facing debts of €2.6m.

The club has come out reasonably strong since financial turmoil that threatened its existence in 2005, when it was facing debts of €2.6m.

It is currently owned by its supporters who took over in dramatic fashion almost a decade ago.

The club's supporters group, known as the 400 Club made a formal bid to an examiner to buy the club, which was accepted at the High Court in 2005.

The group, with significant help from life-long fan Ray Wilson, had also kept the club afloat during the examinership process.

According to 2012 accounts the club had assets less liabilities of €639,425.

But a spokes- woman for the club said it had faced difficulties similar to other League of Ireland clubs.

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