Katie's company delivers a truly knockout performance
Published 16/08/2016 | 02:30
She may have been beaten in the Olympic ring yesterday in Rio, but Katie Taylor's management firm recorded a knockout performance in the past year.
The amateur boxer's company, KT Sports Limited, is sitting on a €1.2m cash pile, according to recently lodged company filings.
Katie's success in the boardroom in 2015 is likely to take some of the sting out her defeat in Brazil, as it represents a jump in income of more than €250,000 on the previous year for the Bray-based sports star.
Katie and her mum Bridget are the sole directors of the company, which manages the boxer's commercial contracts and sponsorship deals.
The mother and daughter team shared a total of €68,000 in salaries paid out by the company in 2015 - a modest pay rise of €5,700 on the previous year, according to accounts to the end of its financial year on June 30, 2015.
The company, which Taylor set up in 2009 as a sole shareholder, was owed €393,676 by its debtors at the end of last June and had €925,952 in cash at the bank.
Canny Katie has boosted her bank balance in recent months by signing lucrative deals with a string of sponsors, including Bank of Ireland, inking a three-year sponsorship deal to act as brand ambassador for the bank.
She is also a brand ambassador for Toyota Ireland.
Since winning gold at the London Olympics in 2012, the lightweight champion has also agreed lucrative commercial tie-ins with sponsors Aramark, Lucozade, KPMG and Adidas.