€1.4m surplus for Cork board thanks to Páirc Boss

Bruce Springsteen’s concert in Páirc Uí Chaoimh in July helped Cork County Board show a surplus of approximately €1.4m in their annual accounts.

The figures, which will be presented to members at Saturday night’s annual convention, show an overall surplus of €1,374,881, compared with €384,653 for 2012.

While the figures show a deficit of €228,884, the surplus from the ground’s revenue account more than makes up for the shortfall. The Springsteen gig is included in this, while income from investments is also included. Though the level of bonds held by the board decreased in 2013, this was primarily because funds were instead deposited with the GAA’s headquarters, which was able to provide a better return than bonds.

In his report to the convention, Cork secretary Frank Murphy drew attention to the fact delays to the running of the county championships, as a result of the All-Ireland hurling final being a draw, meant drawn games in the county SHC went to extra-time.

“Our ordinary revenue is mainly reliant on gate receipts from our county championships, and this will be a more dominant position during the course of the development of Páirc Uí Chaoimh and the Centre of Excellence, when financial income from investments will be reduced.It is important that the opportunities that replays present in terms of finance and promotion can be fully availed of.”

While the redevelopment of Páirc Uí Chaoimh will cost in the region of €70m, Murphy believes Cork cannot afford to wait and the new stadium will rival Croke Park in terms of quality.

“[The figure] is undoubtedly a major challenge for a voluntary amateur organisation but now is the time to build — it will never be cheaper.

“The key benefit of the new stadium is that it will be a high-profile, flagship venue for the GAA. The new stadium will provide Munster with the best “in class” stadium and centre of excellence at least on a par with Croke Park in many respects.”


As the clocks go ahead, so does your style. Corina Gaffney picks your new wardrobe heroesFashion forward: Spring fashion as the clocks change

Des O'Sullivan gives an overview of the changed dates for much-anticipated salesAntiques & FIne Art: What events are put on hold for now?

Virtual auctions a welcome distraction, writes Des O’SullivanBuyers adapt with ease to bid online while grounded

I wish I could write us all back in time, when we could pop to the shops without fear, when grandparents did not have to wave through a window at their grandchildren.Michelle Darmody: Recipes with simple ingredients

More From The Irish Examiner