Dublin GAA has failed in its bid to purchase the Spawell Complex in south Dublin from the National Asset Management Agency.

The 35-acre site in Templeogue was on the market with an asking price of €6.5 million, but the Dublin board has been informed that its bid was unsuccessful.

The site was large enough to cater for a 25,000 capacity stadium.

Dublin's home venue is Parnell Park. It officially has a capacity of 13,000, but in reality it is closer to 8,000 following restrictions imposed by a GAA safety review group.

Many Dublin senior hurling and football games are played at the 82,300 capacity Croke Park, often far too big for the crowds attending.

Dublin CEO John Costello is very critical of NAMA in today's Irish Independent, saying he feels that it has failed in its commitment to community development.

"It is disillusioning and regrettable that NAMA, despite the inclusion in their terms of reference of 'Community Development' have failed once again to acknowledge the role of voluntary organisations in their disposal strategy in the generation of social capital," he said.

However, speaking to RTÉ this morning, a NAMA spokesperson stressed that it is not the seller of the property and does not own the site. The seller was the official receiver.

The spokesperson said that NAMA simply controlled the debtor's loans.

The site, which is located just off the M50 motorway, close to the St Jude's and Ballboden-St Enda's GAA clubs,parnell park  has planning permission for a 150 bedroom hotel.