Cork City, who currently have Joseph Olowu on loan from Arsenal, won’t be able to pay player wages from the end of next week.
According to a statement from Cork City (via ExtraTime), the club in temporary charge of Arsenal’s Joseph Olowu will no longer be able to pay the wages of players, many coaches and administrative staff from the end of next week.
City are the third League of Ireland club to make such an announcement. Sligo Rovers and Drogheda United are also in the same situation. In all honesty, you’d expect the others to follow before long.
Unlike in England, where we continue to live in denial, the League of Ireland are already suspending matches until June 19th. As a result, the financial implications are already clear.
Throw in the fact that the season had just started. After all their winter transfer business, the Irish clubs now don’t have tickets to sell or broadcasting money to cover the costs.
Olowu was up to five appearances for City in his first month with the club. Though results weren’t great, he earned some praise for his individual performances. Now it’s a case of staying fit and ready to keep that going whenever football returns.