Sunday 25 February 2018

More financial woe ahead for Lilywhites

Former Kilkenny hurling captain Eoin Larkin is expected to miss the first three rounds of the Allianz hurling league at least because of a groin injury.
Former Kilkenny hurling captain Eoin Larkin is expected to miss the first three rounds of the Allianz hurling league at least because of a groin injury.

Kildare GAA is creaking under the heavy weight of loan repayments as the county struggles to find away out of its serious financial predicament.

Delegates to last night's county board meeting formally heard of the threat that now hangs over some of their county teams' participation in forthcoming Leinster championships as a consequence.

Kildare has been scaling a financial cliff over the last number of years since Croke Park bailed them out with advance funding of ¤300,000 in early 2013 before restructuring debt with a ¤400,000 term loan.

Croke Park and Leinster Council have both overseen finances since then, and with strict budgetary controls, spending has been significantly reduced.

But fundraising has not met targets and despite an operating surplus of ¤73,759 recorded in last year's accounts the requirement to meet debt repayments has left them with another sizeable deficit.

Kildare were able to generate additional revenue from staging two home Allianz Division 1 games against Donegal and Dublin in Croke Park.

But the drop to Division 2 and the increase in capacity in St Conleth's Park has lessened the opportunity to play further games in Croke Park.

Clubs are being pressed to support a major fundraising draw in the county to help alleviate the debt.

Meanwhile, former Kilkenny hurling captain Eoin Larkin is expected to miss the first three rounds of the Allianz hurling league at least because of a groin injury.

Larkin was in hospital earlier this week for minor groin surgery and he is expected to be absent from the league and All-Ireland champions' opening games against Cork, Dublin and Galway.

Irish Independent

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