They should put the money towards another World Cup bid.
The truth about Ulster Rugby's dwindling finances
A rich man is nothing but a poor man with money.
They should put the money towards another World Cup bid.
or pay back the people of Ireland for the state money that was put into the failed bid
They should put the money towards another World Cup bid.
Stick to selling licence plates and chicken and chips kid
Much like the Euro 2008 bid, that was the decision of the State, however much I disagreed with it.
You have to shoot your shot in life Art.
Who is the CEO of Hibernia REIT?
Who is the CEO of Hibernia REIT?
Kevin Nowlan
CEO
Picture of Kevin Nowlan
Kevin Nowlan joined the Board of Hibernia as Chief Executive Officer in November 2015 following the internalisation of WK Nowlan REIT Management, the Investment Manager. Prior to this Kevin held the same position in the Investment Manager from its inception in 2013 and previously held senior roles in NAMA and Treasury Holdings and was MD of WK Nowlan Real Estate Advisers. He is a Chartered Surveyor with more than 20 yearsâ experience in the Irish property market, including commercial agency, property management, investment, development and development financing, commercial loan portfolio management and debt restructuring. He has a BSc in Estate Management from the University of Ulster, an MBA from Ulster Business School and a Diploma in Project Management from Trinity College, Dublin.
Or alternatively:
Kevin Nowlan
Hibernia REIT chief executive Nowlan won three rugby caps for Ireland in the late 1990s - including being at the wrong end of a 63-15 whooping from the All Blacks. Now heâs leading the pack of investors riding the wave of Irelandâs property recovery.
Before taking the reigns at ISE-listed Hibernia, chartered surveyor Nowlan was a portfolio manager at Nama and also held a similar job at Johnny Ronanâs Treasury Holdings. At Hibernia he has spearheaded plans to revamp the iconic Windmill Lane site - once home to a recording studio used by the likes of U2 and New Order. His company aims to develop over 120,000sq.ft of offices at the site, as well as shops and apartments.
Great stuff, we must have saved a lot in transaction fees so.
The more I think about this the better it gets.
The IRFU have just benevolently opened up huge tracts of well located lands for the use of housing to help solve the housing crisis.
The families living there will all benefit from the future resources the IRFU can plow into the grassroots now.
This is an example of a âwin winâ for all.
Whatâs interesting to me is that a real estate company have just bought a load of very expensive farm land. Do they know something we donât?
Or alternatively:
Kevin NowlanHibernia REIT chief executive Nowlan won three rugby caps for Ireland in the late 1990s - including being at the wrong end of a 63-15 whooping from the All Blacks. Now heâs leading the pack of investors riding the wave of Irelandâs property recovery.
Before taking the reigns at ISE-listed Hibernia, chartered surveyor Nowlan was a portfolio manager at Nama and also held a similar job at Johnny Ronanâs Treasury Holdings. At Hibernia he has spearheaded plans to revamp the iconic Windmill Lane site - once home to a recording studio used by the likes of U2 and New Order. His company aims to develop over 120,000sq.ft of offices at the site, as well as shops and apartments
Whatâs interesting to me is that a real estate company have just bought a load of very expensive farm land. Do they know something we donât?
Yes. The senior management of the IRFU.
They know that there is a housing shortage.
Real estate developers buy unzoned land all he time.
Itâs a risk/reward world.
Itâs a windfall for the IRFU. You would hope they invest it wisely and donât try to prop up the professional teams they support.
A rich man is nothing but a poor man with money.
From the 2017/18 Report we learn that Ulsterâs gates were down by 1500 on average from the previous season. And season tickets down a significant 600 to 9800 from the year before -representing nearly 6% decrease in total season ticket sales. Itâs also clear that from other comments with the report that season ticket sales are predicted to be down again for 2018/19.
The report not only makes a clear forecast for next season but gives reasons, âprofessional game income has been in a plateau for the last couple of years and this is forecast to fall back during the 2018/19 season due to inconsistency of performances on the pitch and a consequence of off-field issues and coaching changes.â
The provinces are in shite - bar Leinster ⌠But the scummy soccer crowd and the GAA could learn an awful lot from the Admin of the IRFU.
Wow, a teamâs performance goes down and so does attendances.
This never happens in world sport.
IRFU threw their clubs under a bus to go professional. If the GAA did it Brolly et all would go mad. Even with four provinces and a national side the viability of a professional rugby game is questionable long term in Ireland.
Add in the concerns around kids playing rugby, never mind the challenge all sports have now to get kids to stay involved and rugby faces a few hard decisions in years to come.
The impact of Brexit on the six nations and Europeans rugby will also play out.
The anti-rugby cohort are sizzling with seethe here - itâs fascinating to watch. Flailing everywhere looking to connect. Comical stuff.
Well Munster have actually turned it around.
They paid the IRFU back 2.6m of debt last year.
They will be in good shape in a few years time.
Just as a FYI to the folks on here as well. Provincial income is not huge. Leinster turn over about 17m now, thatâs relative the IRFUâs 85m. The IRFU take in the broadcast revenue and pay the central contracts which isnât hitting the provincial accounts but is a big source. The IRFU can easily weather one or two provinces losing money at any one time, which is likely given professional sport.
How is it questionable exactly?