The sale of Hiney Park offers Dundalk FC 'a new start and a chance to get back on its feet', says CEO Seán Connolly.
He declines to divulge the price or the buyer, as reports circulate that a Dundalk businessman stumps up €1 million for the 3.14-acre site.
Mr Connolly says the property has been bought in trust and that the club would continue to have use of the ground for the next couple of years.
He reiterates that Dundalk had no alternative but to dispose of the property, agreeing it is a sad development. The sale will enable the club to deal with its creditors and aim to be in the black by the end of the month.
History is made at Dundalk Golf Club when David Dorr aces the par-three 17th. It is the first hole-in-one in the five years that the Dundalk Gaels Classic has been running.
Sponsor Billy Marks generously marks the occasion by presenting the 18-handicapper with one of the world's most exotic cars, a Lamborghini Countach, plus a bottle of champagne. However, the popular Bank of Ireland official will still retain his amateur status as he walks away with a replica model of the high-performance car rather than driving off in the real thing.
David scores his first hole-in-one during a torrential downpour when his five-iron tee shot lands on the front of the green at the 162-yard hole and rolls some 60 feet into the cup.
The classic is won by Connolly Fee McGailey (Liam McGailey, Gerry Oakes, Jim Conroy and Eamonn Arthur).
Knockbridge require four late points from Paul Dunne, all frees, to see off Naomh Moninne at the start of the club's Senior Hurling League title defence.
The final score at the Marist Ground is 1-11 to 1-8. Eamonn Pettigrew and Moninne's John Murphy swap first-half goals to leave it 1-7 to 1-4 at the break in favour of Knockbridge.