Cash strapped Déise board seek €650,000 AIB injection

Waterford GAA chiefs are in talks to secure a €650,000 bank loan as they battle to balance the books.

The cash strapped board, which faces a deficit in the region of €700,000, are undertaking a number of money making initiatives, including a levy on its 48 clubs and a broad ticket scheme. But the primary focus is on a loan from Allied Irish Bank, repayable over 10 years, with chairman Tom Cunningham claiming the board would have to “close up shop” if their proposals are rejected.

Cunningham also disclosed around 50% of clubs have paid the levy which varies from €1,500 for junior clubs to €2,500 for senior.