By Richard Commins
KILDARE GAA County Board are projecting a €525k reduction in income from 2020 levels as the impact of COVID-19 begins to bite on sporting organisations across the country.
In 2020, Kildare GAA benefitted from grants and income to the tune of over €400k from national and provincial bodies within the organisations but Treasurer Alan Dunney presented a budget to the February meeting of the County Board on Tuesday night that assumes there will be no such funding available in 2021.
Dunney told the attendees to the virtual meeting that they do not expect crowds to be allowed attend National League games in 2021, an income source which generated €52k in 2020. With gate receipts from local games and shortfalls in other income factored in, Dunney projects income to drop to €1.235m in 2021 compared to the €1.761m in 2020.
With expenditure projected to be only marginally lower at just under €1.4m, the Board would suffer a deficit of €154k compared to a surplus of €243k in 2020. Taking loan repayments of €120k into account it brings the projected overall cash deficit to €274k for the year, whereas in 2020 the Board were able to set aside an amount of €100k for the re- development of St. Conleth’s Park.
On that topic, Operations Manager Cormac Kirwan confirmed that with the GAA at national level not currently in a position to contribute an amount of around €3.5m which had been earmarked for the project, the Board are investigating alternative sources of investment to plug the hole.
One interesting option being explored is the Government’s Immigrant Investor Programme which awards residency to non-EU individuals who invest over €1m in approved investments in Ireland.