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BOD goes from blue to green to black as firm records a €3.5m profit

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Accumulated profits at the main firm owned by rugby icon, Brian O'Driscoll last year soared by €339,705 to a whopping €3.526m, new accounts show.

O'Driscoll may have retired from playing for Ireland and Leinster this year, but he has built a large cash pile over his glittering career.

Along with the sharp rise in profits, the cash pile at his firm stood at €1.3m at the end of August 30 last.

The new accounts just filed with the Companies Office by his firm ODM & Promotions Ltd show that the cash pile increased by €177,031 going from €1.195m to €1.372m

INVESTMENT

During the same period, O'Driscoll's accumulated profits increased from €3.196m to €3.526m.

The figures show that the value of the firm's investment reduced from €2m to €1.6m and the reduction in value that may be explained by O'Driscoll cashing in on the investments during the year.

The only other director is O'Driscoll's father, Frank who has helped guide his son's career off the pitch to great effect.

O'Driscoll, then aged 22, established the firm in 2001 as part of his bid to capitalise on being the most marketable Irish player of the modern rugby era.

Now aged 35, O'Driscoll is about to embark on separate media projects where he will be a contribute to Newstalk here in Ireland while he has also signed a deal with BT Sport in the UK.

The decorated centre is to be a rugby analyst for BT Sport's rugby coverage and also be a rugby ambassador for the station.

Separate accounts also just filed show that O'Driscoll's former Ireland team-mate, Johnny Sexton (29), didn't fare too badly last year either,

His company recorded a doubling in profits to over €430,000 as he reaped the benefits of his money-spinning move to Paris.

Accounts show that the firm's profits jumped by more than €250,000 from €225,519 to €476,099 last year.

A relative latecomer to the international scene, Sexton is making up for lost time in the earning stakes with the hike in profits coinciding with Sexton signing a contract with Racing Metro in Paris last year on a reported contract of €750,000 per annum.

The jump in profits at JAS Management & Promotions Ltd last year compares to an increase of €94,490 in 2012.

The figures for Sexton's firm show that its cash pile increased four fold from €81,762 to €334,342. Sexton's wife, Laura and father, Jerry also sit on the board of the firm.

hnews@herald.ie


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