Jamie Heaslip has his eye on the ball as profits top €70,000

Accumulated profits at the firm owned by former Irish rugby captain, Jamie Heaslip last year topped €70,000.

Last year, the IRFU broke its pay structure to keep the Leinster No 8 in Ireland, after he signed a new deal believed to be worth more than €1.5m over three years.

Now, new figures just lodged with the Companies Office show that accumulated profits at Heaslip’s Sabra Management Ltd jumped by €10,445 to €70,613 in the 12 months to the end of June last. During the year, the cash pile at the firm dropped by more than half from €39,000 to €15,000. This is partially explained by the value of Heaslip’s investments increasing from zero to €76,430 last year.

Prior to last year, the 31-year old’s business interests include a share in the expanding Jo-Burger firm that includes Dublin restaurants Trackbed and Skinflint.

Last year, Heaslip opened a new bar, The Bridge 1859 in Ballsbridge, near the Aviva stadium with Ireland and Leinster rugby stars, Rob and Dave Kearney and Sean O’Brien.

The pub — formerly Bellamy’s— was acquired by Noel Anderson, who also owns The Grafton Lounge in the capital and the four rugby stars each have a minority shareholding in the venture.

When it opened, Heaslip said: “For all of us, it was important to get a name that paid homage to the history of the building and the area…We also wanted a name that was easy to roll off the tongue standing in the RDS or the Aviva — ‘let’s go to The Bridge for one’.”

Heaslip also has an 18% share in the LD Lovin Dublin Ltd that was also established last year. The firm is behind the Lovin Dublin online publication that celebrates the city of Dublin, the food that the city has to offer and the people that help shape it.

The firms behind The Bridge 1859 and Lovin Dublin have yet to file accounts.

When he retires, Heaslip will be able to avail of the Government’s scheme for retired sports stars that allows them 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.

The scheme costs the Government €300,000 per annum to operate.


Lifestyle

It couldn't be easier to add life to soil, says Peter Dowdall.It’s good to get your hands dirty in the garden

Kya deLongchamps sees Lucite as a clear winner for collectors.Vintage View: Lucite a clear winner for collectors

Their passion for the adventures of JK Rowling’s famous wizard cast a love spell on Cork couple Triona Horgan and Eoin Cronin.Wedding of the Week: Passion for Harry Potter cast spell on Cork couple

After in-depth explainers on Watergate and the Clinton affair in seasons one and two, respectively, Slate podcast Slow Burn took a left turn in its third season, leaving behind politics to look at the Tupac-Notorious BIG murders in the mid-1990s.Podcast Corner: Notorious killings feature in Slow Burn

More From The Irish Examiner