With no concerts at the venue this year, the county board’s revenue stream is significantly weaker than in 2022
The GAA has granted the Cork County Board a 12-month repayment break on its Páirc Uí Chaoimh debt.
According to the Irish Examiner, in relation to its total stadium redevelopment overheads - which last September stood at over €30 million - Cork GAA will not have to make their annual €500,000 loan repayment to Croke Park this year.
A temporary moratorium on the sum owed to the GAA’s Central Council, which last September stood at €7,763,722, has been signed off by the association.
However, the interest of 1.9% will continue to accrue on the amount owed while the loan 'holiday' is subject to a six-month review. Contacted by the Irish Examiner last night, Cork GAA had no comment to make on the debt decision.
With no concerts at the venue this year, the county board’s revenue stream is significantly weaker than in 2022 when Ed Sheeran (twice), Elton John and Westlife played at Páirc Uí Chaoimh, along with hosting the sell-out Munster-South Africa rugby game last November.
Further Increase Expected In Number Of Landlords Leaving Property Market, As Price Of Three-Bed Semi Rises In Kildare
Over 1,700 Garda Checkpoints In Operation Over Christmas Period, With Naas RPU Detecting Multiple Speeding Motorists
€1.2m Approved For Zipline And High Ropes Adventure Centre At Donadea
Christmas Appeal To Adopt Dogs As Euthanasia Figures Rise
Speed Enforcement To Increase In Kildare With 21 New Camera Zones To Be Rolled Out In January
Over 400 Motorists Caught Speeding So Far Today, Including A Driver In Kilcock
Transport Minister In Discussions With Irish Rail About Extending Late-Night Trains Beyond Christmas
Tadhg And Mary Should Be Looking Forward To Christmas, Say Gardai As Fresh Appeal Launched
