GAA and Catholic Church to benefit from the €2.67m sale of Clare FM

The Catholic Church and members of the GAA are among the shareholders who will get a slice of the €2.67m sale price for Clare FM and Tipp FM, it has emerged.

Radio Kerry announced, earlier this week, that it would acquire Ennis-based Clare FM and a controlling stake in Tipp FM, the stations set up about 30 years ago. Clare Community Radio chairman Maurice Harvey has written to over 500 shareholders.