Monday 19 August 2019

Sexton's cash conversion: Profits at rugby star's management and promotions firm soar to €1.8m

Johnny Sexton
Johnny Sexton

The management company owned by Ireland rugby star, Johnny Sexton saw its accumulated profits soar to €1.84 million last year.

In a bumper year for the company, Mr Sexton's JAS Management and Promotions Ltd recorded profits of €245,875 in the 12 months to the end of September last.

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The profit last year represents an eight-fold increase on the modest profits of €28,719 recorded in 2017.

The firm's cash pile also powered over the line last year, rising to €1.352m from €1.246m - an increase of €106,576. The value of the company's financial assets increased to €536,557 from €376,773.

Mr Sexton sits on the board of the firm with his wife Laura and aggregate pay to directors last year decreased to €114,587 from €150,864.

Currently, off-field commercial deals for the Leinster and Ireland fly-half are overseen by Conor Ridge's Horizon Sports.

Irish Independent

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