Losses at Aviva Stadium fall by almost €5m

Pre-tax losses at the Aviva Stadium, owned by the IRFU and the FAI, fell to €2.43m in its first full year of trading, having shipped losses of €7.16m in the prior year when it was open for six months but incurred costs on a full-year basis.

Accounts for New Stadium Ltd, which operates the Aviva, filed with the Companies Office show the stadium which plays host to the Irish rugby team and the Republic of Ireland soccer team reported an operating profit of €4.48m for 2011 its first full year of trading.

The accounts show New Stadium owes the IRFU €30.5m (2010: €28.2m) and €22.6m (€21.3m) to the FAI. The company has fixed tangible assets of €391m.