Tuesday 25 July 2017

Aviva Stadium makes operating profit of €4.6m

The Aviva stadium in Dublin. Photo: Arthur Carron / Collins
The Aviva stadium in Dublin. Photo: Arthur Carron / Collins

Paul O'Donoghue

The company operating the Aviva Stadium made an operating profit of €4.6m in the year to the end of December 2014, new figures show.

According to new accounts just filed by New Stadium, this was in line with the operating profit of €4.6m recorded in 2013. The company also received €4.1m in amortized Government grants, the same as in 2013. The business is owned by the FAI and the IRFU. The Aviva Stadium cost about €410m to build, including €191m of funding pledged by the Government.

Overall the company incurred a full-year loss of €2.7m, in line with 2013. However, this paper loss was almost entirely due to the depreciation in value of the stadium itself, which is now valued at €361m compared to €371m in 2013.

In the directors' report it is stated that the stadium played host to 20 events throughout the year which attracted a total of almost 650,000 customers. The stadium played host to both a series of Irish soccer and rugby internationals throughout the year, including Ireland's defeat of South Africa in the Autumn International Tests.

Irish Independent

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