WSC DAILY
November 2009
Derry City difficulties | Derry City difficulties |
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For some time Derry City have been in crisis. The club failed to pay players for over ten weeks and accrued debts of more than £500,000. But last Saturday the crisis dissolved into farce. The FAI booted the club from the LOI for contravening the terms of their licence. In order to get around the 65 per cent rule (where no club can spend over 65 per cent of income on wages), the association found Derry had submitted contracts indicating the players were paid less than they actually were. According to the FAI, the club admitted to more than 20 fake contracts. But how did the FAI detect such a sophisticated and thoroughly thought-out attempt at cheating? Well, naturally, this type of fraud is aided by actually paying players at all. Darren Quigley, a goalkeeper on loan at Sporting Fingal, inadvertently let slip the real amount the club were paying him when he went to the FAI to claim wages he was owed. Quigley’s bank statements were enough to prove the club’s recklessness. On the subject...
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