Adare company incurred losses of €2.7m due to staging Irish Open

AN Adare-based company controlled by Irish-American businessman Tom Kane and his family incurred losses totalling over €2.77 million due to staging the Irish Open at Adare Manor in 2008 and 2007.

The losses are confirmed in accounts just filed by Adare Manor Ltd to the Companies Office.

Returns for 2009 and 2008 have been made by the company in recent days and the figures show that the company recorded a pre-tax loss of €1.5m to the end of December 2009.