08 March, 2011

GAA release 2010 accounts: profits down €10million due to loss of FAI/IRFU rental income:

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The GAA’s financial accounts for 2010 were launched at Croke Park today, Tuesday March 8th by Uachtarán Chumann Lúthcleas Gael Criostór Ó Cuana and Ard Stiúrthóir Páraic Ó Dufaigh.
Despite the challenging economic conditions, the GAA announced revenues of €58m, down from €68m in 2009, which can, in the main, be attributed to a drop in revenue of €9m (from €13m down to €4m) from the rental of Croke Park to the FAI and the IRFU.
Approximately 80 percent of the revenues were recycled directly to other units within the Association, with Clubs, counties and provinces receiving €48m from Central Council throughout the course of the year.
Gate receipts for the year are up slightly from 2009 at €26m, with the GAA Football Championship alone providing €12m in revenue for the year, which represents an increase of €1m from the previous year.
Gate receipts for the GAA Hurling Championship dropped by €1m to €7m, while revenues from the Allianz Leagues also fell by a similar figure to €3m.
Croke Park has missed out on bumper paydays from the IRFU & FAI in 2010
A total of 1.4m people attended Champion - ship games in both codes in 2010, while Croke Park also welcomed its 1 millionth customer last summer.
Earnings from Croke Park totalled €7m, while there was an increase in the cost of staging competitions and matches of €1m to €10.5m.
A total of €11m was invested in Games Development, an increase of €1m from the previous year.
There was also a significant increase in player welfare funding projects, which jumped to €3m, including €1.3m of GPA funding.
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