Springsteen concerts huge boost for Cats' county coffers
Published 01/02/2013 | 07:44
DELIGHTED Kilkenny officials were dancing in the park after their coffers were swelled by the late addition of two final dates to Bruce Springsteen's latest European tour.
His two gigs in Nowlan Park in late July are believed to be worth over ¿100,000 to Kilkenny County Board, which is roughly a year's worth of repayments on the major redevelopment that they have done on the 24,000-capacity county ground in recent seasons.
And with Pairc Ui Chaoimh also hosting a Springsteen concert in July, his 'Wrecking Ball' tour is believed to be worth ¿200,000 to the GAA this summer.
It is believed that Kilkenny County Board rent out Nowlan Park for ¿60,000 at a time, but it is expected that a two-night deal will be worth closer to ¿100,000.
Kilkenny have kept a tight rein on their finances and have stayed in a very healthy position -- ¿200,000 in the black last year -- which was in stark contrast to counties like Tipperary, Waterford and Kildare, all struggling with money woes.
A good run in the NHL every year contributes substantially to the Cats' healthy bank balance and, despite spending close to ¿8m on the redevelopment of Nowlan Park, they now have just ¿700,000 to repay on those borrowings.
The money from the concert, as well as going into Nowlan Park's redevelopment, will contribute to the development of two new all-weather county training pitches.