Cork greyhound stadium posts €230k loss

Cork greyhound stadium posts €230k loss

Operating losses at the company which runs Cork City’s greyhound stadium fell slightly last year, despite a marked decrease in activity.

The latest annual accounts for the Cork Greyhound Race Company, a wholly owned subsidiary of the sport’s governing body, Bord na gCon, recorded operating losses of €229,248 in 2018, down from €234,345 the previous year.

The number of race meetings held at the Curraheen Park track in Bishopstown in 2018 was 103, down from 130 the previous year with a related decrease in the number of individual races from 1,310 to 1,126.

As a result, overall turnover at the stadium decreased by 19% to €559,874 with gate receipts down 25% to €280,755.

The total number of staff employed at the track last year was 13, including seven part-time employees.

The second biggest source of income was the concession fee of €113,671it received from Abargrove, another subsidiary of Bord na gCon which operates catering facilities at greyhound stadia around the country, Total prize money paid out last year was over €695,000 — down from €734,00 in 2017.

The vast majority of prize money — 78% of the total — was funded by Bord na gCon with the remainder coming from entry fees and sponsorship.

More on this topic

Four of 16 greyhound tracks to close after review of industry's futureFour of 16 greyhound tracks to close after review of industry's future

Greyhound board hasn't paid a dividend to State in 25 yearsGreyhound board hasn't paid a dividend to State in 25 years

State agencies must reflect today’s worldState agencies must reflect today’s world

‘No serious welfare issues’ reported to greyhound body‘No serious welfare issues’ reported to greyhound body

More in this Section

State must not scare gas firms from Irish watersState must not scare gas firms from Irish waters

Irish Apple reseller Compu B buys rival UK firmIrish Apple reseller Compu B buys rival UK firm

Flat-rate expenses decision deferred for yearFlat-rate expenses decision deferred for year

Bank shares enjoy ratings boostBank shares enjoy ratings boost


Lifestyle

Architect and artist Harry Wallace tells Eve Kelliher how his style has evolved.How a lifetime as an architect has inspired Cork artist Harry Wallace

Don’t let present stress ruin your run-up to Christmas. Pat Fitzpatrick has done all the hard work with this tongue-in-cheek gift guide for every budget, so you can tick everyone off your list and get down to enjoying yourself for the festive season.Gift stressbuster: We sort out who gets what and why

It’s not what you have that makes you happy, it’s what you do. And what better time to be proactive than during the season of goodwill, says Margaret Jennings.Joy to the world: Strategies to increase your happiness during the season of goodwill

For a magical mantelpiece makeover the natural way, foliage and garlands add showstopping sparkle to the scene, says Hannah Stephenson.Bring Christmas cheer indoors: Foliage and garlands add showstopping sparkle

More From The Irish Examiner