Tuesday 27 September 2016

Katie Taylor boxing clever with €1.2m profits

Gordon Deegan

Published 21/05/2016 | 02:30

Katie Taylor’s firm benefited from her gold medal success at the London Olympics. SPORTSFILE
Katie Taylor’s firm benefited from her gold medal success at the London Olympics. SPORTSFILE

Katie Taylor struck gold outside the boxing ring last year as accumulated profits at her firm passed the €1.2m mark.

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The Olympic champion's KT Sports Ltd's profits soared by more than €250,000 to €1.203m in the 12 months to the end of June last.

The figures show that Taylor's business continues to reap the dividends from her historic 2012 Olympic gold medal win in London.

The €256,954 profits last year follow profits of €303,931 in 2014 and €180,996 in 2013.

The 29-year-old Wicklow woman - who recently suffered her first loss in the ring since 2011 - is currently focused on qualifying for the Rio Olympics and is due to fight today in Kazakhstan.

Outside the ring, Taylor continues to box clever, with the cash pile at her firm hurtling towards the €1m mark.

Katie's manager for the past five years, Mark Devlin, said yesterday: "Katie's brand has gone from strength to strength.

"Obviously, with Katie being so successful in the ring, it makes my job a lot easier to attract partners and sponsors.

"Katie has a great support network from all her family, which lets her concentrate on her boxing."

The boxer's mother, Bridget Taylor, sits on the board of the firm along with her daughter.

The figures show that in spite of the soaring profits at the company, the pay to the two directors is relatively modest, totalling just €67,017.

At the end of June last, the company owed a total of €111,231 in various taxes.

Irish Independent

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