A announcement regarding the possible sites under consideration for the building of Cork City FC's proposed new multi-purpose stadium is expected by the months end.

While Cork City General Manager Aidan Tynan refused to comment on the development, a source within the club confirmed to the Cork Independent that an announcement on the clubs "10 year plan" can be expected by the end of January.

It is believed the clubs new owners, venture capital firm Arkaga, have earmarked a number of sites for the development of the 20,000 stadium, with Cork Con's ground in Ballinlough and sites at Black Ash and Bishopstown being suggested as possible early favourites for the clubs relocation.

At a meeting earlier this year, Tynan outlined the clubs plans for the multi-purpose stadium which will also incorporate bars, gyms and five to seven-a-side pitches. The new stadium will also being capable of staging large-scale concerts, a key factor in Arkaga's plan to significantly reduce the clubs current operating deficits.

The club are said to be looking for 15 acres close to the city centre to house the development. According to the owners, the club will need to be generating annual profits in the region of €1.5 million by five years time in order to support the investment which is expected to cost up to €40 million.

Meanwhile, speculation is mounting over former City favourite and current Reading FC striker Kevin Doyle. Reports in the UK suggest the Irish International could be the subject of a 12 million bid from Chelsea during the January transfer window. The move, if it goes through, will net City €1.2 million.

Comments (0) »

Show/Hide comment form

Name

Email

Title

Comment

Write the displayed characters

Add Comment