Is Current Board a Wellvan Creditor?

Derry City striker Conor Sammon who grabbed a brace in the 4-1 League Cup quarter-final defeat of Bohemians at Brandywell Stadium. 0407C04

Derry City striker Conor Sammon who grabbed a brace in the 4-1 League Cup quarter-final defeat of Bohemians at Brandywell Stadium. 0407C04

0
Have your say

THE SALE of former Derry City striker, Conor Sammon, from Kilmarnock to Premiership side, Wigan Athletic, could have a significant impact, not only on the creditors of Welvan Enterprises, but also the ‘new Derry City’, the ‘Journal’ has learned.

THE SALE of former Derry City striker, Conor Sammon, from Kilmarnock to Premiership side, Wigan Athletic, could have a significant impact, not only on the creditors of Welvan Enterprises, but also the ‘new Derry City’, the ‘Journal’ has learned.

ARTHUR DUFFY reports

The 24-years-old Dubliner, who joined the SPL club for a fee of £40,000 was sold to Wigan for an undisclosed fee late on Monday night last, just before the Transfer Window slammed shut.

Given that Derby County offered £650,000 for the striker earlier in the day, it’s fair to suggest that Wigan offered a higher figure to the Rugby Park club and agreement was reached fairly quickly.

And Derry City (under Wellvan Enterprises), who had a sell-on clause should Sammon move on from the SPL, can expect a significant sum from the deal.

However, it’s also understood that the current Board of Directors, who honoured all pre-season ticket sales prior to the start of the 2010 season, are also creditors of Wellwan Enterprises.

Those season ticket sales, which were offered at cut-price deals before the 2009 campaign had ended, raised a total of £61,955 and, therefore, the current powers that be will be keeping a keen eye on the discussions between the representatives of Wellvan and Kilmarnock.

One of the joint liquidators of Wellvan, Mr. Ronan Duffy, confirmed that contact has been made with Kilmarnock in relation to the Sammon transfer and he confirmed that Wellvan Enterprises had a sell-on clause.

“There is a sell-on clause in the contract which saw Conor Sammon move to Kilmarnock, but due to a confidentiality agreement, I’m not in a position to confirm the percentage involved,” said Mr. Duffy yesterday.

“I have been in contact with Kilmarnock once the transfer to Wigan had gone through and I would expect a straight-forward procedure to be followed on behalf of the creditors of Wellvan Enterprises,” he added.

Mr. Duffy also acknowleged that finance had been received from Celtic in relation to clauses in the contracts of both Paddy McCourt and Niall McGinn who were sold to the Parkhead club.

“We have claimed finances from Celtic in relation to the number of appearances made by Paddy McCourt.

These appearances all relate to ‘starting a game,’ substitute appearances do not count,” confirmed the joint liquidator.

Refusing to divulge the finance received from Celtic, Mr. Duffy stated that it was “a fraction” of the finance expected from the Sammon transfer but he agreed that any sale of Niall McGinn to another club would prove particularly beneficial to the Wellvan creditors.