Belfast Telegraph

Coleraine will never suffer another cash crisis: Platt

By Graham Luney

David Platt has reassured Coleraine fans that the club will never suffer the same financial meltdown as Derry City or Cork City.

The Bannsiders were close to going out of business four years ago but they weathered that fierce financial storm and are still afloat.

Platt’s former club Derry City were not so fortunate as the Candystripes went into administration.

Cork City were wound up in the High Court this week, leaving their future participation in this season’s Setanta Sports Cup in serious doubt. Derry City have already been thrown out of the competition which has amazingly survived after the Irish broadcaster went into administration.

Coleraine, who host Bohemians in the all-Ireland tournament this afternoon, are another north-west side who have faced a fight for survival but Platt maintains the club is no longer in poor health.

“I’m 100 per cent certain that Coleraine will never get into a similar financial crisis again,” said Platt. “We have a fantastic committee and board who operate a strict budget and we are not a club that will live beyond our means.

“The club is run very tightly as it needs to be. I played for Derry City, a fantastic club and it is very sad to learn their fate.

“Such a top club should be in the top division. People there have a lot of questions to answer but while our financial problems were well documented four years ago, they are now fully behind us and as long as the team keeps performing on the pitch, the club will keep moving in the right direction.”

Coleraine have yet to record a win in Setanta Sports Cup Group Two after three games and no-one will be underestimating the size of their task at the Showgrounds today.

“My players have been playing well for a few months and in big games as well but there is no question this game is a real test for them,” added Platt.

“I’ve watched a lot of League of Ireland football and I have played in the league as well so I know how strong the teams can be.

“Bohemians are by far the best team in Ireland and the depth of talent they have is frightening.

“When they can let players like Gary Deegan go to Coventry City and goalkeeper Brian Murphy to Ipswich Town that tells you everything about the quality in their squad. But we go out to win every game and competition we enter whether it’s the North West Cup or Setanta Cup. Otherwise we would be cheating the fans.”

Belfast Telegraph


From Belfast Telegraph