Clare GAA Warn Clubs Of Stricter Controls For Loan Applications

GAA clubs in Clare are being warned that more stringent controls will be in place in relation to applications for seeking loans.

It comes after secretary Pat Fitzgerald informed delegates that the board currently has a contingent liability in excess of €450,000, while a credit line of €250,000 is also required to finance outgoings in the early part of the year.

Chairman of the Clare GAA Audit committee Michael Curtin also commented on the matter and said that the days of clubs coming in to meetings looking for loans and having it proposed and seconded were over and done with. He outlined that any club who wish to apply for a loan will be required to outline a detailed plan as to how they intend to repay it, as the risk of the debt falling back on the board can no longer continue.

Ruan delegate Ger Lyons also raised the issue of financing the cost of intercounty teams and suggested that a percentile be identified in order to put a cap on the level of funding available. He stated his belief that this is a cost that is in danger of spiralling out of control.