Sporting Fingal F.C. was established in 2007 as a joint initiative involving both Fingal County Council and the property developer Gerry Gannon. John O'Brien, the senior executive officer with the council, proposed forming a community football club and Gannon became involved after the council advertised for investors. Gannon would become the club's majority shareholder while the council maintained a 26% stake. Liam Buckley was also involved in forming the club and subsequently served as both the director of football and club manager.[1][2] Sporting Fingal F.C. was set up as a limited company on 19 November 2007 [3] and the club was officially launched in February 2008 at an event attended by among others, Johnny Giles and Brian Lenihan.[4] At its launch the club also announced its ambitions to set up an academy and build its own stadium. The club also announced details about other backers and sponsors which included Keelings Group Ltd, a Fingal-based fruit and vegetable supplier, Anglo Irish Bank and Dublin Airport Authority.[4][5][6][7] In addition to fielding teams in the League of Ireland, Sporting Fingal also organised Powerchair Football,[8]Special Olympics football [9] and futsal teams. In 2009 Sporting Fingal EID joined the Emerald Futsal League[10][11] and in 2010 won the FAI Futsal Cup. Sporting Fingal won the cup after defeating Blue Magic 4–2 in the final.[12] This led to Sporting representing the Republic of Ireland in the 2010–11 UEFA Futsal Cup.[citation needed]
Sporting Fingal's demise was triggered by the collapse of the Irish property bubble. Three of the club's main backers – Gerry Gannon, Dublin Airport Authority and Anglo Irish Bank – were involved in the Anglo Irish Bank hidden loans controversy. The National Asset Management Agency placed restrictions on Gannon's business activities and on 26 November 2010 he resigned as Sporting Fingal's chairman, ending his involvement with the club. Gannon had been the club's main benefactor. In 2008 he made the club a "sponsorship payment" of €499,900 and in 2009 he also made a €750,000 "non-refundable contribution". Some reports estimated that Gannon invested more than €2m into the club. Despite this, however, Sporting posted a loss of more than €75,000 in 2009.[1][28][29] The club were unable to find a replacement for Gannon and in February 2011 Sporting Fingal revealed it had serious financial problems when they were unable to pay their players' wages. This resulted in the club having to cancel the contracts of their playing squad.[30][31][32] On 14 February they were due to play Lisburn Distillery in the first round of the 2011 Setanta Sports Cup; however, they had to withdraw from the competition and were replaced by UCD. The club also withdrew its application for a licence to participate in the 2011 Premier Division.[21][33][34]Drogheda United, who were originally relegated at the end of the 2010 Premier Division season, subsequently retained their place in the Premier Division after Sporting withdrew.[35]