Grants Again

[Angelo]

That's what it's become for you now.

The posts are there and anyone who knows anything about finances will see that not only had you not a notion of what you were talking about but they will also notice the assertive confident tone you took when you made yourself look like an idiot.

That's the best part, you're so f**king arrogant that when you go and make a fool of yourself you do it bald headed.

[Louther]

Yeah, sure thing. 

The Wolf of GaaBoard.

[Baile Brigín 2]

What has the GAA's liquidity ratios got to do with the topic in hand?

[Angelo]

What has the GAA's liquidity ratios got to do with the topic in hand?

A couple of posters said the GAA weren't cash rich.

They clearly are as any brief examination of their accounts will show you.

The GAA have enough resources to be funding these grant payments to players themselves.

[Baile Brigín 2]

What has the GAA's liquidity ratios got to do with the topic in hand?

A couple of posters said the GAA weren't cash rich.

They clearly are as any brief examination of their accounts will show you.

The GAA have enough resources to be funding these grant payments to players themselves.

But then they would be professional. This way they got the taxpayer to foot the bill and got to play semantics

[Angelo]

What has the GAA's liquidity ratios got to do with the topic in hand?

A couple of posters said the GAA weren't cash rich.

They clearly are as any brief examination of their accounts will show you.

The GAA have enough resources to be funding these grant payments to players themselves.

But then they would be professional. This way they got the taxpayer to foot the bill and got to play semantics

That's likely part of it.

I was taking up the contention that the GAA didn't have the resources to foot the bill which is absolute nonsense.

[Hereiam]

[https://www.daera-ni.gov.uk/publications/rural-halls-refurbishment-scheme-information-document]

Anybody in the north that is lookin a bit of funding for their local community hall should check out the link.
No point in the Orange Order gettin it all.

[rosnarun]

so is the argument that no sports person every should receive Financial assistance from the Government  or is it GAA players while rugby players and soccer players get millions in Tax relief  for 10 years after the stop playing even if the never played in Ireland?

[shark]

so is the argument that no sports person every should receive Financial assistance from the Government  or is it GAA players while rugby players and soccer players get millions in Tax relief  for 10 years after the stop playing even if the never played in Ireland?

There are several arguments.
One is that, with a finite pool of grant money it is not right to give huge cumulative sums to amateur athletes, who are able to work full time while playing their sport to a high level. While at the same time there are athletes close to the top of their sports who need to train at the very least on a semi-pro level to remain competitive, and unless they have already reached the top they are not adequately supported. Compare the hypothetical 500th best Gaelic Footballer in the country to the 50th best middle distance runner in Europe. The former gets supported and the latter does not. So how can they break in to the top 25 and get the paltry €14k a year funding? In the most part, they don't unless they reach that level prior to finishing college.

[Baile Brigín 2]

so is the argument that no sports person every should receive Financial assistance from the Government  or is it GAA players while rugby players and soccer players get millions in Tax relief  for 10 years after the stop playing even if the never played in Ireland?

The tax relief is only on the years you lived on Ireland so you are off to a false premise.


The arguments are:

- the kitty for Olympians has been raided to the point of making it useless
- the state are paying gaelic games players 5.4m which has no justification
- the state are only paying gaelic games players which is discriminatory
- its not professionalism if someone else pays players

[Main Street]

53m at October 2020 but have lost 27m in the 12m to that date with more losses to come in 2021. With lots is restrictions in spending already flagged. Lots of liabilities against the cash balance.

€110m in reserves includes the 53m, and main part of that would be capital assets like Croke Park.

This is, unsurprisingly, a very poor take on 1 figure to call the GAA cash rich. Abs with outlook it will take years to build up its position again. On average the GAA built up €3-5m in surplus per year. In two years it's looking at 50-60m in deficits and to avoid more is relying on state money to keep it going.

GAA isn't cash rich.

The capital asset value looks suspiciously low - almost Trumpian.  Croke Park cost 260m to develop by 2004, inflation adj to 310m, then add in every GAA property around the country. When it comes to annual accounts, are sports stadia and adjoining facilities valued differently than a regular commercial property?

[Rossfan]

How much would anyone pay for a Stadium?

[Baile Brigín 2]

53m at October 2020 but have lost 27m in the 12m to that date with more losses to come in 2021. With lots is restrictions in spending already flagged. Lots of liabilities against the cash balance.

€110m in reserves includes the 53m, and main part of that would be capital assets like Croke Park.

This is, unsurprisingly, a very poor take on 1 figure to call the GAA cash rich. Abs with outlook it will take years to build up its position again. On average the GAA built up €3-5m in surplus per year. In two years it's looking at 50-60m in deficits and to avoid more is relying on state money to keep it going.

GAA isn't cash rich.

The capital asset value looks suspiciously low - almost Trumpian.  Croke Park cost 260m to develop by 2004, inflation adj to 310m, then add in every GAA property around the country. When it comes to annual accounts, are sports stadia and adjoining facilities valued differently than a regular commercial property?

Yes. Who do you sell it to?

[Main Street]

53m at October 2020 but have lost 27m in the 12m to that date with more losses to come in 2021. With lots is restrictions in spending already flagged. Lots of liabilities against the cash balance.

€110m in reserves includes the 53m, and main part of that would be capital assets like Croke Park.

This is, unsurprisingly, a very poor take on 1 figure to call the GAA cash rich. Abs with outlook it will take years to build up its position again. On average the GAA built up €3-5m in surplus per year. In two years it's looking at 50-60m in deficits and to avoid more is relying on state money to keep it going.

GAA isn't cash rich.

The capital asset value looks suspiciously low - almost Trumpian.  Croke Park cost 260m to develop by 2004, inflation adj to 310m, then add in every GAA property around the country. When it comes to annual accounts, are sports stadia and adjoining facilities valued differently than a regular commercial property?

Yes. Who do you sell it to?

An investment fund for example who could set up a management company to run it.  GAA property in Dublin  is a cash cow. There's a hotel, conference centre, GAA museum, stadium tours, modern 83,000k seater stadium (with hawkeye)   plus land recently purchased, plus that cushy training and fitness facility for exclusive use by the Dubs. What return do you think a management company could make annually  on renting out those facilities and developing some of it?  The next largest  stadium in Ireland has 55,000 seats.
Arsenal's Emirate stadium, completed around the same time costing a similar amount is currently valued at GBP 344m in their accounts after depreciation.

[Rossfan]

Croke Park hasn't 83,000 seats