Cork owner and chairman Tom Coughlan leaves court on Monday

Derry City may prove to have been Cork City's final opponents in the League of Ireland after the Turner's Cross-based club was wound up by a court on Monday.

The announcement follows a second sitting at the High Court over the club's inability to come to an agreement over unpaid tax.

Cork lie third in the Premier Division but all the games they have played in this season may become null and void.

The club was scheduled to be in the hat for Tuesday's Setanta Sports Cup draw.

All the league points won against them this season could be wiped as a result of Monday's court proceedings.

Derry have won one, drawn one and lost one in the three league encounters between the sides this season and lie fourth in the division, two points behind Cork.

Cork club owner Tom Coughlan was unable to pay even half the amount owed to the Revenue Commissioners, despite a recent high profile friendly clash with Ipswich and the sales of Denis Behan and Colin Healy.

The club have until Friday to lodge an appeal and a club statement said they were "doing everything in our power to settle these liabilities".

Cork City do not own their home ground of Turners Cross, which is the property of the Munster FA, leaving the option of a new team to be created to replace the soon to be defunct City.

Reacting to Monday's news, the Football Association of Ireland said it was "disappointed that Cork City has failed to meet its obligations to the Revenue Commissioners".

"Despite numerous assurances from Cork City that matters with the Revenue Commissioners would be resolved, the FAI is disappointed and concerned that the club finds itself in this situation," added the FAI statement.

"The FAI will meet with representatives of Cork City and will continue to monitor the situation ahead of Friday's deadline."

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