Tag Archives: expenditure

Having taken a €0.5million hit last year to stage the Irish Open, Lahinch Golf Club is now preparing for a loss of over €2 million in green fee business this season due to the Covid-19 pandemic. With international travel grounded, particularly from the States which would be a strong market for Lahinch, the grim financial outlook on green fee revenue was outlined to members in the past week by club chairman, Martin O’Sullivan who also emphasised that sales at the golf shop will also be severely impacted. “Green fee income has been severely affected by the pandemic. Projected green fee revenue from guests of members and possibly some visitors later in the year has been reduced by €2.4million to just over €100,000. “The reduction on visitor numbers will also have a direct impact on golf shop sales which has been reduced by 85% (€825,000),” he cautioned. Mr O’Sullivan said the club does not expect any overseas visitors before mid-August as …

Treasurer of the Clare GAA County Board, Bernard Keane has admitted that the board’s finance are “serious” prompting them to acquire “a line of credit of €200,000″. The financial scenario was outlined to delegates attending this week’s meeting of Clare GAA and the meeting unanimously supported a request from the executive to sanction the borrowings. Treasurer Bernard Keane said, “This is a necessity. There is no income until July. The finances are very serious at the moment”. Secretary Pat Fitzgerald explained that the board hoped that the borrowings will be paid back before October. “All outgoings are between January and April and monies don’t start to flow until July. We have acquired similar resolutions from Croke Park and from Munster Council,” he added. Outlining the expenditure to date on county teams, the board treasurer said this amounted to €153,244.27. However, he cautioned that it will be higher as “there are a lot of bills to come in yet”. The breakdown of …