Brian O'Driscoll winning off the pitch as profits rise at sports firm
Published 06/04/2016 | 02:30
Accumulated profits at a sports and entertainment agency co-owned by Irish rugby legend Brian O'Driscoll jumped to €117,036 last year.
Ikon Talent represents some of the top stars in Irish sport including rugby internationals Jamie Heaslip, Cian Healy and Luke Fitzgerald and Irish soccer veteran Robbie Keane.
The firm was established in 2012 to take advantage of the growing wealth in the professional rugby world by contract lawyer and Clontarf man Damien O'Donohoe and promoter and music manager Simon Moran.
Fellow Clontarf man O'Driscoll owns a 25pc share in the firm. Recently retired soccer player Damien Duff has a 5pc share in the business.
Both O'Driscoll and Duff take an active role in the firm and act as mentors to younger clients.
New accounts filed by Ikon Talent Ltd with the Companies Office show that accumulated profits rose by 33pc, from €88,521 to €117,036, in the 12 months to the end of June 30th last.
During the same period, the firm's cash pile increased from €268,120 to €402,047.
At the end of June last, the company's shareholder funds stood at €417,176.
The company has enjoyed rapid growth - at the end of June 2013, the firm's accumulated profits stood at €55,447 while its cash pile totalled €158,809.
The returns also show that the manager of Hozier, Caroline Downey of MCD, has a 15pc shareholding in the firm and also sits on the board.
Damien O'Donohoe (35) is the largest shareholder in the firm owning 40pc of the business and also acts as a director.
On the influence of O'Driscoll and Duff, Mr O'Donohoe said in a previous interview: "Every football and rugby player in the country could learn so much from these guys in terms of how to carry themselves both on and off the field.
"They are inspirational people and fantastic role models and I am very privileged to work with them."
O'Driscoll's interest in Ikon Talent is not the only firm that the celebrated rugby icon has invested in.
Aside from his own ODM and Promotions Ltd vehicle set up to commercialise his own value, O'Driscoll has invested in technology entrepreneur Ray Nolan's Ultimate Rugby Ltd firm.