GAA investments lose €250,000

MUNSTER GAA chiefs lost almost €250,000 in investment trading last year, annual accounts show.

Provincial council treasurer, Dan Hoare confirmed last night that the GAA body was hit by the downturn in global investment markets last year, but said he was hopeful that the investment would rebound in 2003.

The Council made a "substantial" cash investment in 2000 before Mr. Hoare's time as treasurer but suffered losses on the investment of €244,795 last year. In 2001, just over €14,000 was lost.