Munster ready to balance books next year

For years, there had been a reliance on IRFU assistance to facilitate loan repayment negotiations on the debt arising from the Thomond Park redevelopment,

Munster Rugby is on course to break even next year after announcing at last night’s AGM in Tralee that the province expects to maintain its cash-flow deficit under €1m for the year ending June 30, 2019.

The AGM saw Tralee RFC’s Michael Keane succeed Ger Malone as Munster branch president while treasurer Tom Kinirons was due to deliver the financial accounts for the year ending June 30, 2018, which showed a cash-flow deficit of €920,000, with the current year’s deficit forecast to be €995,000.