Páirc Uí Chaoimh financial position stable despite losses rising to €3m

Cork GAA’s overall debt stood at €21.6m at the end of October, with €11.98m owed to Croke Park

Páirc Uí Chaoimh. Picture: INPHO/James Crombie

The financial position of Páirc Uí Chaoimh has stabilised, despite further losses of almost €3m in 2020, according to GAA finance director Ger Mulryan.

The operational losses of the companies responsible for the management and operation of Páirc Uí Chaoimh — Staid Cois Laoi Ltd and Páirc Uí Chaoimh Ltd — was in the region of €1.2m last year, but stadium losses rose to €3m when depreciation of over €1m and approximately €550,000 in bank charges are factored in.