After much speculation, the young Derry star, Niall McGinn, finally left the Candystripes for Celtic. It followed a year in which Derry City recorded an eighty thousand pounds loss. The Club chairman Pat McDaid told Ritchie Kelly you can't build a club finances on the basis of selling players. And Ritchie pressed him on just how much the deal was worth.

Derry City Football Club is to make cuts to its playing staff to try to ease the financial pressure on the club. At last night's annual meeting, it emerged that the club recorded an eighty-thousand-pound trading loss for the 2007 season. The Club chairman Pat McDaid has been speaking to our reporter Joe Doran.

Derry City have rejected a request from Celtic to take a young Derry player player on a week's trial. Niall McGinn is one of Derry's rising young stars. He told Dessie McCallion that it's any young Irish player's dream to play for Celtic.

There's been speculation about the future of Derry manager, Stephen Kenny, after it emerged the club had been forced to make cutbacks. But he told Ritchie Kelly he's committed to remaining with the Candystripes..

Chairman Pat McDaid told Dessie McCallion that Stephen Kenny might have to cut his squad, because of cutbacks. But he said the manager would be remaining with the club.