Business Irish

Thursday 27 October 2016

Rugby legend Paul O'Connell's €1.3m cash pile to ease retirement blow

Gordon Deegan

Published 08/04/2016 | 08:18

Paul O'Connell
Paul O'Connell

Irish rugby hero Paul O'Connell, who's coming to terms with having his legendary career cut short, can console himself with his commercial firm amassing a cash pile of almost €1.3m.

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The iconic figure of world and Irish rugby retired from the game earlier this year after sustaining a sever hamstring injury in the World Cup game against France.

The Limerick man (36) had been trying to overcome his injury in order to turn out for his new side, French club Toulon, before accepting medical advice and confirming his retirement in February.

In his commercial pursuits off the firld, O'Connell continued to flourish last year and had generated almost €1.3m in cash in his company Nellcon before his retirement.

Accumulated profits rose from €1.23m to €1.31m in the 12 months to the end of April 30 last. In 2014, profits went up by €143,627.

During the 12 months to the end of April last, the cash pile increased from €1.21m to €1.29m. The firm generated its income from commissions earned during the year.

However, the directors of the firm, O'Connell and Michael O'Connell, paid themselves a modest income from the firm.

The renumeration for directors last year totalled €21,000 and this followed a payout of €21,000 in 2014.

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