Friday 15 November 2019

Million Dollar Baby: Katie's boxing clever with profits set to top €1m

Katie Taylor
Katie Taylor

Gordon Deegan

Profits at the firm owned by the golden girl of Irish sport, Katie Taylor, are quickly hurtling towards the €1m mark.

This follows new accounts showing that accumulated profits jumped at her KT Sports Ltd firm by over €300,000 last year going from €642,961 to €946,892.

The new filings just lodged show that the 28-year-old is boxing clever outside the ring after her 2012 London Olympics triumph with the cash pile at her firm jumping by over €200,000, going from €483,385 to €686,012.

In addition, the firm was owed €358,870 by debtors at the end of June 30 last.

The accounts are for the first full 12-month period after her Olympic triumph with profits increasing by €303,931, endorsing Katie's decision to remain an amateur boxer as she now focuses on next year's Olympics in Rio.

The profit last year represents a 67pc increase in profits on the €180,996 profits recorded in 2013.

The firm recorded profits of €377,620 in 2012 and €84,300 in 2011.

The firm's fortunes have been boosted by deals completed by Taylor with KPMG, Toyota, Lucozade, Aramark and Adidas.

Taylor has a deal with Toyota that will last until 2016. She has had a contract with the car maker since 2010.

The boxer is the sole shareholder of KT Sports, which was founded in 2009, three years after she won her first European gold. Taylor also does a lot of charity work and is associated with Barnardos, Zest4Kids, Bray Lakers and Wicklow Hospice Foundation.

Irish Independent

The Left Wing: Champions Cup preview, the World Cup hangover and Joe Schmidt's next team

Editor's Choice

Also in Sport