Tuesday 24 October 2017

Jamie Heaslip's firm drives forward

Jamie Heaslip at the Lovin Dublin Show Live at the Bord Gais Theatre in Dublin. Photo: Arthur Carron
Jamie Heaslip at the Lovin Dublin Show Live at the Bord Gais Theatre in Dublin. Photo: Arthur Carron

Gordon Deegan

Accumulated profits at the firm owned by Irish rugby international Jamie Heaslip topped €70,000 last year.

New figures just lodged with the Companies Office show that accumulated profits at Heaslip's Sabra Management jumped by €10,445 to €70,613 in the 12 months to the end of June last.

During the year, the cash pile at the firm dropped from €39,000 to €15,000. This is partially explained by the value of the Leinster star's investments rising from zero to €76,430.

Before last year, the 31-year-old's business interests include a share in the expanding Jo-Burger firm that includes Dublin restaurants Trackbed and Skinflint. Mr Heaslip also expanded his commercial interests with the setting up of two new businesses with others last year.

He opened a new bar, The Bridge 1859 in Ballsbridge, only a short distance from the Aviva stadium with Ireland and Leinster rugby stars Rob and Dave Kearney and Sean O'Brien.

The pub - formerly Bellamy's - was acquired by Noel Anderson, who also owns The Grafton Lounge in the capital and the four rugby stars each have a minority shareholding in the venture.

At the time of the opening Mr Heaslip said: "For all of us it was important to get a name that paid homage to the history of the building and the area."

Mr Heaslip also has an 18pc share in the LD Lovin Dublin that was also established last year.

The firm is behind the Lovin Dublin publication that celebrates the city of Dublin. The firms behind The Bridge 1859 and Lovin Dublin have yet to file accounts.

When he retires, Mr Heaslip will be able to avail of the Government's scheme for retired sports stars that allows them to claim back a 40pc tax deduction on their gross earnings from sports activity over a 10-year period.

That includes wages and match bonuses, but does not include sponsorship money, payments for writing media columns or fees for appearing in advertisements.

Irish Independent

Also in Business