Johnny Sexton sees accumulated profits at his management firm soar

Johnny Sexton sees accumulated profits at his management firm soar

Accumulated profits at the management company owned by Ireland’s leading rugby star, Johnny Sexton, last year soared to €1.84m.

In a bumper year for the company, Sexton’s JAS Management and Promotions Ltd recorded profits of €245,875 in the 12 months to the end of September 30, 2018.

The profit last year represents an eight-fold increase on the modest profits of €28,719 recorded in 2017.

The cash accumulated at the business last year increased from €1.246m to €1.352m - an increase of €106,576.

The value of the company’s financial assets increased from €376,773 to €536,557.

Sexton sits on the board of the firm with his wife, Laura and aggregate pay to directors last year decreased from €150,864 to €114,587.

Sexton - who turned 34 last month - was a relative late-comer to the international scene and has been making up for lost time in the commercial world.

The €1.84m in accumulated profits at Sexton’s firm compares to accumulated profits of €476,099 at the firm at the end of 2014.

Sexton is currently training with the Irish rugby squad as they prepare for a tilt at the upcoming World Cup in Japan.

Currently, Sexton’s off-field commercial deals are being guided by Conor Ridge’s Horizon Sports where the firm’s other high profile clients include Open winner, Shane Lowry and Munster and Ireland’s Peter O’Mahony.

The Dubliner is the most successful current Irish player from a playing and commercial point of view, but he has some way to go to match the commercial success of his retired Leinster and Ireland team-mate Brian O’Driscoll whose main firm enjoyed profits last year of €596,006 to result in accumulated profits of €6.55m.

Sexton set up his firm in 2010 and is one of a number of rugby players with their own management companies to handle earnings from commercial ventures such as sponsorships and image rights.

Sexton is in no hurry to retire as he has declared his aim to be part of the Lions tour of South Africa in 2021.

However, when he does retire, Sexton will be able to avail of the Government’s scheme for retired sports stars that allows them to claim back a 40% tax deduction on their gross earnings from sports activity over a 10-year period.

That includes wages and match bonuses, but does not include sponsorship money, payments for writing media columns or fees for appearing in advertisements.

The scheme costs the Government €300,000 per annum to operate.

More on this topic

All aboard for a fun-filled family trip to France on the ferryAll aboard for a fun-filled family trip to France on the ferry

Manchester United’s Twitter dig at Chelsea backfires spectacularlyManchester United’s Twitter dig at Chelsea backfires spectacularly

Real Madrid deserved more from draw against Real Valladolid – Zinedine ZidaneReal Madrid deserved more from draw against Real Valladolid – Zinedine Zidane

Netflix reveals title and release date for Breaking Bad filmNetflix reveals title and release date for Breaking Bad film

More in this Section

British Airways sorry for email error announcing wrong flight cancellationsBritish Airways sorry for email error announcing wrong flight cancellations

Thousands of holidaymakers face chaos over British Airways strikesThousands of holidaymakers face chaos over British Airways strikes

40 jobs to be created after whiskey distillery given planning permission in Donegal40 jobs to be created after whiskey distillery given planning permission in Donegal

Trump announces new retaliatory tariffs on ChinaTrump announces new retaliatory tariffs on China


Lifestyle

These green pancakes are topped with avocado, tomato and cottage cheese.How to make Jamie Oliver’s super spinach pancakes

Who else can pull off a look described as a ‘hip-hop Michelin woman’?As her new EP drops, this is why there will never be a style icon quite like Missy Elliott

The classic white-tipped look is once again in favour, and celebs are loving it.The French manicure is back – 5 modern ways to try the trend

The A-Listers hiding in plain sight: As Rihanna is spotted at the cricket, who are the celebs who have been living under our noses in Ireland? Ed Power reports.Celebs in plain sight: The A-Listers living under our noses in Ireland

More From The Irish Examiner