GAA to reveal annual profits for 2009
Despite the recession affecting business across the country, the GAA is expected to announce a healthy profit in the association's annual accounts.
The GAA's accounts include the running of Croke Park. The stadium's profit is the main source of revenue for the association.
In 2008, Croke Park showed a rise in profitability for the eighth successive year. This profit weighed in at €18.7m.
While economists predicted a slump in Croke Park revenue for 2009 - predicted to be in the region of €4m - the stadium has had a very busy year.
Among the profitable highlights for the stadium were the hosting of three U2 concerts, the Heineken European Cup rugby semi-final between Leinster and Munster and the World Cup soccer play-off between Republic of Ireland and France.
The possibility of maintaining such a high profit margin seems highly unlikely in the coming year given that from the second half of 2010 Croke Park will no longer host soccer and rugby matches.
The €36m generated from rugby and soccer matches being hosted at the stadium is being pumped directly into Gaelic games structures around the country.
'Major national capital projects' will have a projected investment of €26m. Country and club projects are estimated at €8m, or €250,000 per county, while handball, camogie and women's football shall receive €1m.
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