Thursday 21 November 2019

Brian O'Driscoll is man in a million as his company shows €1.46m cash pile

Brian O'Driscoll has enjoyed unprecedented success
as a player with Ireland and Leinster
Brian O'Driscoll has enjoyed unprecedented success as a player with Ireland and Leinster

BRIAN O'Driscoll appears to be as successful when it comes to his finances as he is on the rugby pitch.

New accounts show the rugby legend's management company is now sitting on a €1.46m cash mountain. The Irish rugby captain's firm, ODM and Promotions Ltd, also shows accumulated profits increased by €291,409 to €2.9m in the 12 months to the end of August 2011.

Mr O'Driscoll established the firm back in 2001 at the age of 22, as part of his bid to capitalise on being the most marketable Irish player of the modern rugby era. The Leinster player's father, Frank, is also a director.

Last year, he signed an extension to his IRFU contract -- believed to be worth around €400,000 a year -- until June 2013. He is also able to top up his earnings with various sponsorship deals and endorsements, including a deal with Gillette.

Earlier this year, Mr O'Driscoll signed a book deal with Penguin Ireland to write his autobiography with author and journalist Paul Kimmage. However, the book won't be published until he retires from rugby.

Asked earlier this year by reporters after Leinster's Heineken Cup win, what keeps him motivated to play, Mr O'Driscoll replied: "Trophies and medals".

The accounts show that the firm increased the value of its investments last year from €865,137 to €945,504. As the accounts are for a small firm, there is no requirement to give detailed figures, including revenues and a profit and loss amount.

In addition to the cash in the bank, the accounts show that debts to the firm decreased to €534,128 from €613,253 during the year.

The Dubliner was voted World Rugby Player of the Decade (2000-2009) by the magazine 'Rugby World', increasing his marketability.

The centre missed most of last year's season due to injury but returned to help Leinster win the Heineken Cup and captain Ireland on tour in New Zealand.

In the High Court last month, a judge ruled that Mr O'Driscoll and a number of other owners of holiday homes in Co Wexford are entitled to have a water supply restored to their properties once they pay €2,000 each to a management company.

Mr O'Driscoll and the owners of 31 other houses that are part of the Seafield Demesne Hotel and Golf development, Ballymoney, had been in dispute with Seafield Demesne Management (SDM) Ltd.

Gordon Deegan

Indo Business

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