Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

How prosperous is the GAA?

  • 17-06-2009 1:15pm
    #1
    Orizio
    Registered Users, Registered Users 2 Posts: 9,460 ✭✭✭


    A spin-off thread here, but how well off financially is the GAA? (hard facts please, not assumptions)


Comments

  • #2
    helpwanted1
    Closed Accounts Posts: 77 ✭✭helpwanted1


    so secretive are the GAA, what sort of hard facts do you expect. The likes of published accounts will be hard to come by. However, I think some assumptions are valid, such as the assumed profit Croke Park generates.

    Why some county boards struggle while Head Office appears to be so wealthy will always be a mystery to me? Somebody somewhere is benefiting more than they should be.


  • #3
    An Citeog
    Registered Users, Registered Users 2 Posts: 3,096 ✭✭✭An Citeog


    helpwanted1 wrote: »
    so secretive are the GAA, what sort of hard facts do you expect. The likes of published accounts will be hard to come by. However, I think some assumptions are valid, such as the assumed profit Croke Park generates.

    Why some county boards struggle while Head Office appears to be so wealthy will always be a mystery to me? Somebody somewhere is benefiting more than they should be.

    O rly? Guessing you haven't seen the annual report on gaa.ie then, where they have their published accounts!:rolleyes:

    Orizio, all the information you're looking for is here: http://www.gaa.ie/page/official_reports.html

    The Annual Report 2008-Part 2 contains all of the GAA's financial statements, independent auditor's report etc.

    Edit: For those of you who couldn't be arsed downloading and interpreting the financial statements, here are the main figures for 2008:

    Revenue €64,317,933

    Direct Costs €8,843,430
    Indirect Costs €36,765,318
    Funding Activities €18,654,473

    Retained Surplus €54,712

    So, that leaves less than €55,000 surplus that could be distributed to the players without making cuts in funding anywhere else.


  • #4
    helpwanted1
    Closed Accounts Posts: 77 ✭✭helpwanted1


    An Citeog wrote: »
    O rly? Guessing you haven't seen the annual report on gaa.ie then, where they have their published accounts!:rolleyes:

    Orizio, all the information you're looking for is here: http://www.gaa.ie/page/official_reports.html

    The Annual Report 2008-Part 2 contains all of the GAA's financial statements, independent auditor's report etc.

    Great stuff.I thought this information was not available but great too see it.

    Interesting reading.Player welfare spending was almost halved from 3.2m to 1.8m. while commercial revenue increased. Says it all.

    Gate receipts fell slightly but not to the same level player welfare spend fell.


  • #5
    An Citeog
    Registered Users, Registered Users 2 Posts: 3,096 ✭✭✭An Citeog


    helpwanted1 wrote: »
    Great stuff.I thought this information was not available but great too see it.

    Interesting reading.Player welfare spending was almost halved from 3.2m to 1.8m. while commercial revenue increased. Says it all.

    Gate receipts fell slightly but not to the same level player welfare spend fell.

    For the players though, they received €5.3m (including €3.5m from the government grants scheme) instead of €3.2m the year before.


  • #6
    helpwanted1
    Closed Accounts Posts: 77 ✭✭helpwanted1


    An Citeog wrote: »
    For the players though, they received €5.3m (including €3.5m from the government grants scheme) instead of €3.2m the year before.

    Ok. I am a bit confused. Is the 3.5m from the government grants scheme, the scheme that is now threatening to be cut? If that is the case the government pays 3.5m to GAA players while the GAA contribute only 1.8m, a reduction of 1.7m spend on 2007 figures(total spend 3.2m).

    Sweet deal for the GAA this grants scheme by my interpretation.

    I accept I am a bit confused and could be wrong however.


  • Advertisement
  • #7
    ibuprofen
    Closed Accounts Posts: 184 ✭✭ibuprofen


    An Citeog wrote: »
    O rly? Guessing you haven't seen the annual report on gaa.ie then, where they have their published accounts!:rolleyes:

    Orizio, all the information you're looking for is here: http://www.gaa.ie/page/official_reports.html

    The Annual Report 2008-Part 2 contains all of the GAA's financial statements, independent auditor's report etc.

    Edit: For those of you who couldn't be arsed downloading and interpreting the financial statements, here are the main figures for 2008:

    Revenue €64,317,933

    Direct Costs €8,843,430
    Indirect Costs €36,765,318
    Funding Activities €18,654,473

    Retained Surplus €54,712

    So, that leaves less than €55,000 surplus that could be distributed to the players without making cuts in funding anywhere else.

    Think the GAA revenue,if you include TV rights and sponsorship etc and revenue from Croker would be a little higher than that.Not that it matters, pretty much all of the revenue is redirected all around the organisation especially at grass roots level. Found a good quote here......

    "There is no doubt that we have benefited considerably from the staging of rugby and soccer internationals at Croke Park and that revenue was greatly appreciated, but we hadn't planned for anything beyond next year."
    That windfall allowed the GAA to pump a whopping €26m into establishing 12 centres of excellence around the country. Another €8m was divided among county boards. The remaining allocation was devoted to colleges and overseas projects.
    Rental income currently yields in the region of €1.35m per game, with the Croke Park stadium committee announcing handsome profits of €17.1m for the past year.


Advertisement