Hurling manager Daly's business to be wound up
Published 14/01/2012 | 05:00
A sportswear business owned by Dublin hurling manager and Clare legend Anthony Daly will be wound up next week.
Suppliers and others who are owed money by his company, Anthony Daly Sports Limited, have been told to attend a meeting at Pery's Hotel in Limerick at 12 noon on Monday. A liquidator will be appointed to the company at that meeting.
The scale of the company's debts and details of who is owed money are not known.
Mr Daly declined to comment on the impending liquidation to the Irish Independent yesterday.
The company is owned by Mr Daly and his wife Eilis. They have a sports shop at O'Connell Street in Ennis, Co Clare, where Mrs Daly works. It has been closed in recent days.
The couple had a pub from 1999 to 2009 which they still own. They leased out this business after Mr Daly became the Dublin senior hurling manager in November 2008.
The hurling legend has been enjoying great success with the Dublin senior hurling team. Last year Dublin won the Walsh Cup, beating Kilkenny in the final. Mr Daly later led Dublin to its first National Hurling League Division 1 final in 65 years.
He famously captained the Clare senior hurling team that won the All-Ireland in 1995, bringing the Liam MacCarthy Cup back to his native county for the first time in 81 years. He has said the 1995 All-Ireland win was the highlight of his career.
He is a regular commentator on RTE's 'The Sunday Game' and is a columnist with the 'Evening Herald'.
The sportswear business has struggled in recent years.
The most recent accounts filed at the Companies Office show the company's auditors raised concerns about whether the business could continue to trade successfully at the end of 2009. That year Anthony Daly Sports Limited made a €34,941 loss, which was bigger than the company's total assets of €24,403.
In the accounts the auditors, Vaughan & Co, said there was a "material uncertainty" that may cast significant doubt about the company's viability.
At the end of 2009 creditors were owed more than €130,000.
This business failure comes as small businesses across Ireland are struggling to cope with consumers spending less money and amid difficulties getting finance from banks.
At the end of 2011 the small business lobby group ISME said that nearly half of the companies it represented expected business conditions to deteriorate this year. It said that 59pc of companies still viewed the business environment as being "poor" or "very poor" with almost half of companies expecting conditions to worsen over the next 12 months.