Cooney cautions clubs on finances

GAA PRESIDENT Christy Cooney has urged clubs around the country to pullback from major developments that threaten their financial well-being and revealed the association will continue to give support to clubs who find themselves in difficulties due to the economic meltdown.

Dublin club Thomas Davis held an emergency meeting last night to discuss their parlous state of their finances while Laois outfit Portlaoise are another high-profile club hit by the downturn.

There is anecdotal evidence of other clubs around the country in difficulty and Cooney insists the GAA are committed to assisting such clubs, including involvement in consultations with financial institutions over the terms of loan repayments.