Come next June the last remaining debt on Nowlan Park will be cleared
Kilkenny GAA enjoyed another hugely successful year on the financial front and returned a good profit.
Accounts presented at annual Convention on Monday night showed that the County Board had an operating surplus of €221,989 this year.
That was on a turn over of nearly €2.4 million, which included monies for ticket sales for big provincial and national games.
And adding to the glad tidings on the financial front was confirmation that come next June, Kilkenny will make the last payment on the €1-million or so that has been spent on the redevelopment of Nowlan Park over the past 15 years.
There are seven monthly payments of around €10,000 outstanding. When the last one is made Nowlan Park and the MW Hire Dunmore training centre will be debt free.
Of course, the County Board is ready to drive on with developments at the Dunmore Centre.
Planning permission has already been received for the building of a gym and offices there.
The ’Board has applied for Lottery funding of around €300,000 to help with this project. All going well the work will commence in the not too distant future.
The big ticket items in terms of income for Kilkenny were local sponsorship €250,150; the National Hurling League share €258,126 (€183,566 for winning it; €74,560 season tickets); county championship gate receipts €189,482.
The Croke Park combined sponsorship share amounted to €175,000 this season.
The National League can be a huge earner for those who do well. Kilkenny netted nearly €367,000 from it over the past two seasons.
The Cats won it this season, beating Tipperary in the final in Nowlan Park, which also bagged additional ‘rent’ money for the use of the venue.
In terms of expenditure, the most costly items were team administration expenses €565,363 (down from €633,148 the previous year) and the upkeep and maintenance of county grounds €334,714.
It was interesting to note that rates jumped from €17,900 in 2017 to €35,339 this year.
The GAA nationally has ongoing discussions with the authorities on this issue, arguing the valuation is too high.
Under the Primary Schools Board accounts it was interesting to note that Summer Camp receipts amounted to €147,922.
For more on Kilkenny People sport read here.
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