GAA scored €1.2m profit from All-Ireland hurling final replay
THE GAA have revealed that last year’s All-Ireland hurling replay between Galway and Kilkenny netted them €1.2m in profit.
Croke Park have Joe Canning to thank for landing the monster free which sent last year’s first All-Ireland senior hurling final to a replay, earning the association a massive payday.
GAA President Páraic Duffy revealed today as he outlined the association’s annual accounts for 2012 that the gross revenue for the final was €4million while gross revenue for the replay, which Brian Cody’s Kilkenny won in style, grossed €2.8million.
With direct costs for hosting the replay coming to €1.4million and grants to counties and other bodies coming to €220,000, the GAA was left with a cool €1.2million in profits.
The GAA have said €700,000 of this revenue had been given to capital projects in three counties, so the rest resides in the GAA’s coffers.
Gate receipts grew by 10pc or €2.5m over last year, and exceeded the GAA’s budget expectations by a further €1m, largely thanks to the hurling replay.
The GAA admitted that by reducing the replay ticket price from €80 to €50 they consciously decided to forego upwards of €1m, meaning they could have netted €2.2million but decided instead to reward hard-pressed supporters.
GAA gates receipts would have been down slightly if it had not been for the replay and attendances would have been largely similar to 2011.
Gate receipts for the hurling championship grew by more than €3million to €10,649,887 while there was a fall in receipts from the football championship which fell by just over €300,000 to €10,943,294.
The Central Council’s income for 2012 was €53million, an increase of €6million on 2011 and after an investment in Gaelic Games of more than €47million the Council was left with a modest surplus of €37,000.
Commercial revenues gleaned by the GAA last year grew by 15pc or €2.3m.
Team expenses grew by almost €400,000 to €2,440,522last year underlining the increased spending on inter-county sides.
The healthy financial position of the central council is not replicated by county boards and clubs across the country and the GAA have increased their contribution for ongoing day-to-day purposes by €400,000 to €11.3m.
While certain clubs and counties continue to struggle the GAA have revealed that the number of counties who reported operating losses in 2012 has reduced substantially from 2011.
Investment in support of coaching personnel and projects in Ireland and abroad to encourage participation in the game reached €10million last year, €300,000 more than the GAA budget for last year had envisaged.
The GAA’s capital grant expenditure last year increased to €6.4million compared to €5.3million in 2011.