Cork GAA chair Tracey Kennedy said Páirc Ui Chaoimh remained in the ownership of the county board and that they were entering into a three year arrangement commercial arrangement with Croke Park.  

It was reported in the Irish Examiner this week that Croke Park was to take over the running of the stadium, with stadium director at GAA HQ Peter McKenna telling the paper that "it became clear in the middle of the year that the amount spent on the stadium exceeded what people thought."

McKenna estimated that the final cost would be in the region of €110 million and indicated it Croke Park's involvement might last between 10 and 15 years to resolve all the financial woes.  

However, speaking to delegates at the annual convention this evening, Kennedy told delegates at the county's annual convention tonight that the total stadium spend stood at €86 million.

Kennedy said that Cork had entered a commercial arrangement with Croke Park for the period of three years. She said it would be foolish not to use to Croke Park's expertise in the running of the stadium.

She also confirmed that outgoing Cork GAA secretary Frank Murphy had been appointed secretary to the stadium committee. 

Speaking to RTÉ Sport this evening, Kennedy was anxious to reassure clubs in Cork.  

"There is no way there will be any excess costs on them (our clubs) as a result of the building of the stadium. They know this already and I wish to reassure them again tonight. 

"There are no levies planned on our clubs. There's no negative impact on the day-to-day running of Cork county board or of its teams. And we look forward to the future revenue generating potential of this fantastic stadium."