Roscommon board seeks time extension to repay €1m loan

ROSCOMMON GAA bosses are to ask Croke Park officials for an extension of time to repay a loan of €1 million to a supporter who bailed them out of a financial crux almost five years ago.

Cumann Luthchleas Gael in Croke Park guaranteed the €1m interest-free loan which was given by Castlerea businessman John Murphy in 2005 and which must be repaid by 2012.

Roscommon set up a fund to repay the money to Croke Park and while over €200,000 has been paid into an account and the loan repayment is not due until 2012, Roscommon are looking for an extension of time of 10 to 15 years to reimburse GAA hierarchy.