Wexford face cash crisis after spending increases
By Colm Keys
Wednesday December 17 2008
Wexford GAA delegates will learn tonight of a potential financial crisis in the county when they gather for the annual convention in the Ferrycarrig Hotel.
The figures, even in the current climate, will be slightly startling, with hikes across all major categories.
The board will show a deficit of 251,473 for 2008, compared to 108,083 the previous year.
This despite an income of 2,931,872, up from 2,265,217.
However, expenditure rose by almost 800,000 from 2,373,300 to 3,183,345.
Inevitably, the magnificent journey of the football team in Leinster and all the way to the All-Ireland semi-finals has proved a financial challenge.
Team expenses increased from 670,539 to 836,513.
Players’ travelling expenses, covering all inter-county teams, rose from 174,498 to 247,034, while team administration showed an increase from 100,648 to 143,894.
Wages and salaries increased sharply too, from 87,419 to 178,838 – an increase of more than 100pc. The coaching and games-development figure rose from 325,353 to 363,493.
Questions
Bank interest also remains high and questions are likely to be asked of the key officials, particularly how the cost of administration and running teams has soared so sharply.
There was better news for Kilkenny, whose hurling dominance has been mirrored by their off-field structures as county board officials revealed a profit of over 200,000 for the financial year.
Kilkenny’s accounts are in the black for a fifth successive year after the county’s senior, intermediate, U-21 and minor hurlers completed the Grand Slam of All-Ireland titles.
Income of 3,483,000 was recorded against expenditure of 3,274,000, leaving a profit of 209,000.
483,000 was spent on team expenses in 2007 but that figure has risen to 565,000, up 82,000.
Kilkenny’s National League share was down substantially from 152,000 to 59,000, a drop of 93,000 that can be partially explained by the fact that the Cats contested the final last year but exited the competition at the semi-final stage in April this year.
That loss was somewhat compensated for by the allocation of 24,000 as Kilkenny’s senior footballers returned to the NFL for the first time since 1999.