19 February, 2011

Top Dublin GAA club in financial peril:

Follow hoogenband0110 on Twitter
Amid increasing fears that the deepening recession will leave sports clubs all over the country facing serious money problems, one of the GAA's most famous clubs:  Dublin's Thomas Davis has called an emergency meeting to discuss what it terms  "the current perilous state of finances."
The Tallaght based club admits that it is "no longer in a position to meet its on - going financial commitments"  and has invited past and present members to a meeting next Monday night where details of the situation will be revealed and ideas discussed as to how it might be addressed.
It's understood that the debt is around €2 million.
In a letter to members, Thomas Davis chairman Andrew O'Donnell presents a stark picture of the club's predicament.
Ex Dublin All-Star & All-Ireland winner:Paul Curran
"Due to significant invest ment in the club's facilities over the years, the most recent and most expensive being the all - weather pitch, the club debt has increased greatly to a point whereby the club is no longer in a position to meet its on-going financial commitments," - O'Donnell wrote.
"The purpose of this emergency meeting is to highlight the issues,  suggest some remedies that members will support and hopefully to tap into the undoubted goodwill that exists among our overall membership to come up with additional solutions. We are appealing to all members - past and present - who care about the financial survival of this great club to make it your business to attend this critical meeting," concluded O'Donnell. He declined to comment further on the club's situation.
Thomas Davis has always been regarded as a progressive club, catering for a large catchment area on Dublin's southside, so news of its financial problems will resonate across the wider GAA and sporting communities at a time when income streams are reducing across all sectors.
Tallaght   Stadium
Thomas Davis won three Dublin senior football titles in a row in 1989, '90 and '91 with teams which featured Dublin stars Paul Curran and Dave Foran.
They were Leinster champions in 1990-'91 and reached the '92 All-Ireland final, losing to Dr. Crokes from Killarney.
More recently, they led a concerted campaign to have the new Tallaght Stadium designated for general use, including Gaelic games.
However, following a lengthy trail through the planning and legal process, the bid failed.
Follow hoogenband0110 on Twitter

No comments:

Post a Comment