RTÉ used €75,000 in commercial revenue to conceal low sponsorship for Toy Show musical 

The report found despite declared sponsorship income for the event of €120,000, only three sponsors totalling €45,000 were ever sourced. Picture: Andres Poveda

RTÉ used €75,000 in commercial revenue to conceal the fact sponsorship of Toy Show: The Musical was below projections, a damning new report has found.

The new report by Grant Thornton partner Paul Jacobs notes risk assessments ahead of the project’s commissioning had found musicals were a “notoriously difficult” proposition to make money from. It also found “significant upfront funding” would have been required.