Killarney facing ‘tough challenges’
O’Meara told last night’s club agm that while Killarney is on a sound financial footing and reaped the rewards of the Open, it’s been a difficult year generally. He told members: “If the loss situation is not addressed in the intermediate term we may find ourselves in a very serious situation in the coming years.”
The club’s debt position stands at €3.8m and it recently signed new agreements with the banks to repay the debt over fifteen years, O’Meara reported.
