Monday 24 October 2016

Croker's hospitality revenue soars 23pc

Simon Rowe

Published 18/09/2016 | 02:30

A general view of Croke Park Picture: Sportsfile
A general view of Croke Park Picture: Sportsfile

Croke Park bosses are toasting the success of its corporate hospitality, events and catering divisions after a record year.

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With all eyes on today's All-Ireland final, GAA chiefs are celebrating a 23pc jump in gross profits in its 'meetings and events' and catering operations to €3.2m last year - up from €2.6m in 2014.

And revenues from the stadium's premium corporate suites - which operated at almost 100pc occupancy in 2015 - jumped 4pc to €11.4m, according to recently filed accounts for 2015.

But overall profits at Pairc An Chrocaigh Teoranta - the company that manages Croke Park Stadium - recorded a significant drop last year.

Consolidated financial statements for the group show net profits fell to €1.5m, a drop from €3.9m in 2014. A €1.5m profit remained after the company distributed €7m to the GAA Ard Chomhairle, the sporting organisation's governing body, and a €1m grant to the Croke Park Museum.

Group turnover was €36.6m, down from €38.2m in 2014 - a 4pc drop.

Croke Park has been investing in its wifi facilties. Today Eir Business launches its first high-density wifi network in Ireland in the stadium's corporate and hospitality suites.

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