Cork City's financial policy has seen debts spiral wildly to €800,000 with the club now looking for potential investors to take over from current owners Arkaga.
Limerick 37, under the stewardship of Andrew Mawhinney, have followed a very sensible strategy and their solid financial base contrasts starkly with that of numerous Eircom League clubs who now find themselves in severe difficulty.
Andrew Mawhinney isn't prepared to gloat however: "In a way you're comparing apples and oranges when you compare Limerick to Cork City.
"I do feel vindicated about what we're trying to do here when stories break about clubs like Cork, but I feel even more vindicated when I hear stories about clubs in our own division. Clubs are simply paying their players too much and are not managing their affairs in a sensible manner.
"To be fair the way we run the club is the only way we could have run it. We're still going to make a loss at the end of the year and Jack McCarthy (owner) is going to lose a six-figure sum. If we didn't have Jack to back the club we wouldn't be in business - no club can survive on a average gate of 250 people," explained Andrew Mawhinney.
"We run the club in a whiter than white way because we want the club to be run that way. A lot of clubs are taking chances and come January, when clubs go looking for licences from the FAI, there is going to be a fall-out. We don't want to find ourselves in that position ever again."
Speaking to Leader Sport this week Andrew Mawhinney was also quick to praise the players for the commitment they have shown to the cause.
"Our budget, based on a turnover of €230,000, is very tight," admitted the CEO.
"We have lots of players on our books, but none of them are being paid very much.
"That's a tribute to the players. They're committed to the club and we appreciate that commmitment to what we're trying to do in Limerick.
"But we also want to grow as a club. This year our weekly wage budget is around €2,500, but we want that to grow to €5,500 next season. We must take that step if we want to compete.
"Our biggest problem is still a stadium. Unless we have an asset we can't expand. Jack is even prepared to pay for an asset if he sees value in acquiring that asset.
"We will keep working hard at improving the club structures and the playing squad.
"Good, prudent housekeeping has kept the club going, but were it not for Jack we'd be out of business."
Meanwhile the club hosted a series of fundraising events last weekend.
These included a very well-attended race night in the Still House Bar, Thomas Street entitled 'The Ken-Duckey Race Night' which raised €8,500 for the club. Limerick FC would like to thank all the local businesses and individuals who got behind the event especially Carlsberg who were the overall weekend sponsors.
On Saturday night over 3,000 little blue ducks braved the elements in the duck race on the Abbey River. The overall winner was Ger Hanrahan and he won a once-in-a-lifetime weekend for two in New York. Other winners included Maria O'Halloran whose second place secured a weekend for two at any Marriott Hotel in Ireland.
The club are also running a season ticket special for the second half of season at a cost of €70. Season tickets are available from The Super Blues Store, 27 Davis Street, Limerick or at Jackman Park on home match nights.
Contact: info@limerick37fc.ie or 061 609798/609805 for details.