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

Jamie Heaslip.

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.

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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