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County Board’s finances ‘serious’

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 …

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