Dundalk FC are facing a race against time to avoid going out of business, with the club needing a reported €360,000 to see out the remainder of the season
Time is running out for Dundalk FC as the historic club faces potential extinction by 5pm today unless a saviour emerges.
Despite thorough reviews of the club's finances and assets, including the Youth Development Centre, no new investors have been enticed. A desperate search for a resolution to keep the club afloat at least until season's end continues, with an estimated €360,000 needed.Read more: Paddy McCourt's nephew has clear plan as Premier League switch turned down
It's understood that the FAI has already forwarded this year's prize money to Dundalk, but these funds were quickly absorbed by ongoing expenses and a tax bill. One lifeline could be SCARP , which Dundalk FC is eligible for. In response to online speculation, Dundalk issued a statement last night addressing what they termed 'false information' circulating on social media, while conceding that the coming 24 hours are 'critical'.
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