Limerick FC look are on the brink of bankrupcy after a recent massive loss in revenue. The club has suspended all funding for all of its teams with the exception of the senior League of Ireland team.
Limerick join a long list of League of Ireland clubs who have entered financial trouble. Only last year Cobh Ramblers went from playing Premier Division football to the 'A' League, due to the clubs financises.
Galway United also found themselves in financial difficulty in recent times, due to lack of sponsorship but also because of an extremly high wage bill. Wes Charles, a St Vincent and Grandines international, was being paid €1,400 a week as well as recieving a free car and free use of a pent-house apartment in Galway city. To get on top of their financises Galway United had to sell many of their high profile players including Wes Charles.
I think the main problem with the League of Ireland is the lack of interest. Only 300 supporters attended Longford Town's excellent cup victory over Wexford Youths last week, if the fanbase isn't there how can clubs aim to prospour?
What does the future hold for Irish domestic soccer.....?
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