Mooney heads to Reading
Credit:
Cork City this evening announced the completion of the sale of David Mooney to Reading for an undisclosed sum. The transfer fee will provide the initial sums that will assist Mr. Kieran McCarthy, the interim examiner appointed by the High Court yesterday, to prepare proposals for the creditors of the company.
In addition, Mr. McCarthy said that unusually at this early stage of an examinership, he is exploring a number of concrete leads following unsolicited expressions of interest from parties who are keen on investing in the Company. However, notwithstanding these very positive preliminary indications, much work needs to be done to assess the steps that are required to ensure the survival of the club. Everyone at the club wishes Dave all the best for the future.
