Quote from: Rufus T Firefly on May 14, 2024, 08:30:17 AMHe left out "amateur".Quote from: seafoid on May 13, 2024, 10:12:13 PM"I haven't pulled out the recent accounts but I remember seeing a couple of years ago 40, 50, 60million of cash reserves and a balance sheet of €100million. I'm an accountant, I know this stuff.
"For an amateur organisation owned by the members, owned by the people that are lining pitches, by people in every club up and down the country, for me that looks like a very healthy position."
"I previously worked with a lot of soccer organisations, a lot of them go bust all the time and haven't got 2p to rub together. For me, the GAA is in a very healthy financial position, they're acquiring lots of strategic assets all over the country.
All of these comments are still not consistent with his initial statement in which he said, "the GAA is one of the richest organisations in the world."
Furthermore, Burns' comments - if I recall correctly - talked about a turnover in the region of 140 million Euro, and a context in which the GAA will be expected to contribute somewhere in the region of 500 million Euro in the coming years to a range of major GAA projects across the country.
I don't think Cavanagh's response does much to justify his initial comments, nor rebuff Burns' criticism.
Any idea what the €500 million refers to? Every Euro invested will have to be funded by patrons via tickets , cf Supervalu PuC. Ireland has 3 economies- the North, the multinational south and the domestic economy of the South and only one of these economies is working . GAA fans come from the 2 dysfunctional economies.