Limerick FC are on the brink of liquidation after a court hearing on Wednesday afternoon.
The club are facing extinction after court protection was removed from the trading company which owns the club at a sitting of the Circuit Court in Ennis.
Limerick entered examinership back in September and have debts of €490,000. They were deducted 26 points last season, finishing last in the league, and were not able to secure a license for the First Division for next year.
According to a report on Independent.ie, a Shamrock Rovers ‘B’ team will take Limerick’s place in the division next season. Limerick chairman Pat O’Sullivan was willing to hand over control of the club, but the club have been unable to find new investment.
Conor Noone, Senior Corporate Recovery Manager, Baker Tilly said: “Despite the progress made in developing a viable restructuring plan the company over the last 100 days, we are disappointed at the outcome reached today. Everything possible has been undertaken to secure the future of the company and to preserve employment at Limerick FC.”
The next step in the history of the company will likely be the appointment of a liquidator.”