Cycling Ireland finances feeling the burn

Cycling Ireland CEO Matt McKerrow. Photo: INPHO/Bryan Keane

Irish sport has never been awash with cash so it says everything about the current crisis and the impact it has had that the CEO of a leading governing body can describe a half a million euro loss in income as the tip of an iceberg.

Cycling Ireland chief executive Matt McKerrow estimates that the body suffered a dip of 33% in membership fees this March when compared to the period 12 months before. That was only the beginning. The dip for April was 84%.