Clare defend €200k credit line
Published 20/04/2016 | 02:30
Clare GAA chairman Joe Cooney has said the opening up of a €200,000 line of credit to prop up their finances was "normal procedure" for the county at this time of year.
With Clare in the Division 1 hurling and Division 3 football finals, the financial pressure on the Banner board in the short term will intensify.
Approval to seek the credit line was sought at the last board meeting where delegates heard that the financial situation in the county is serious. They also heard that over ¤153,000 had been spent on inter-county teams so far, with a caution there are still a lot of bills to be paid.
According to the breakdown given the hurlers spent €67,538.74 so far with €87,705.53 spent on football. Clare spent €657,000 on preparing their inter-county teams last year.
Cooney said that the vast majority of outgoings for the board are in the period from January to April and that money from central funds, local gate receipts and other avenues does not flow until July. But he said the books would be balanced by the end of the financial year.
"Of course things are challenging. But we have had to do this before to tide us over," he said. "We've redeveloped Cusack Park and we have our development at Caherlohan. There's a lot going on."
The hosting of the All-Ireland U-21 football final between Mayo and Cork at the refurbished Cusack Park will help their situation as will the National League share for reaching both finals.
Meanwhile, two of Na Piarsaigh's All-Ireland club hurling winners will not be taking up places on the Limerick hurling squad. Cathal King and Adrian Breen have removed themselves from TJ Ryan's squad; third-choice goalkeeper Dave McCarthy has also left.