Pre-tax profits fall 18% at rugby star’s company

Gordon Deegan

Pre-tax profits at the company which represents the off-field commercial deals for former Ireland and Leinster rugby player Jamie Heaslip fell by 18% last year, newly filed accounts show.

Sabra Management, which Mr Heaslip established in 2010, generated profits of €54,098 in the 12 months to the end of June 2017; down from €66,048 for the previous financial year.

The accounts show that Sabra’s accumulated profits stood at €190,000 last year, with its cash pile increasing to €91,031.

Jamie Heaslip.

Injury forced the Leinster and Ireland No8 into retirement earlier this year.

However, Mr Heaslip has been playing smart off the rugby pitch for some time, amassing interests in a number of pubs and restaurant businesses in Dublin as well as investing in a 9% share of the Lovin Group media company.

His stake is worth an estimated €270,000 based on the €3m value recently put on the group after founder Niall Harbison sold his one-third stake.

The most recent accounts for LD Lovin Dublin Ltd show that it recorded a profit of €48,461 in 2016, following a loss of €112,103 in 2015.

Furthermore, as a result of his retirement, Mr Heaslip 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.

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