Grants Again

[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?

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.

But if the GAA need to sell Croker there are no Dubs to rent it. There would be no requirement for a stadium of that size in Dublin so its site value only.

Arsenal's ground in a firesale could go to any number of soccer or rugby clubs.

The asset is worth what they can sell it for, not your feels

[Louther]

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?

As some has pointed out, it's resale value would be taken into account. As would the value if it was knocked and housing/apartments etc be built which would have as much a value possibly as it needed sold as a stadium! But reality is neither would be likely.

I'd say it carried at its depreciated cost. Was highlighted last year about investment in the stadium been needed and you see that with many stadiums that they need investment to modernise and return a steady income when not in use as a sports stadium, something that Croke Park stadium have excelled at with conferencing, social events, stadium tours etc. Plus match day facilities will be constantly modernised to get supporters in and get them spending in stadium. Plus ability to stage other events more often would be a big consideration for further development.

Their assets aren't solely Croke park either with lost of property and Abbotstown as well. Not sure if they'd own the actually land there or if they be granted long term lease or if it held in trust by Government as part of the National sports campus.

[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.

But if the GAA need to sell Croker there are no Dubs to rent it. There would be no requirement for a stadium of that size in Dublin so its site value only.

Arsenal's ground in a firesale could go to any number of soccer or rugby clubs.

The asset is worth what they can sell it for, not your feels

Yes I suppose I could enter on my company tax report this year, that seeing as nobody is likely to purchase the company assets  in the near future, I will enter in twice the depreciation value  and reduce taxes paid. 
There's an original value of the tangible asset and the value of that asset is entered  onto the yearly accounts, minus depreciation plus inflation,  just as Arsenal have done.
I'm curious to know how the GAA can just set a random low value  on their valuable assets in Dublin in contrast to company law in the UK

All told, the GAA assets  Croke Park stadium,  hotel,   convention centre, Handball centre  GAA museum,  Stadium tours, Abbotstown, and land acquired recently in the neighborhood,  could easily realise a 30m annual return on an initial Eur300m investment to purchase those assets. Assuming  Croke Park would get a license for a number of events such as  concerts soccer/GAA games, American Football.

[clonadmad]

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.

But if the GAA need to sell Croker there are no Dubs to rent it. There would be no requirement for a stadium of that size in Dublin so its site value only.

Arsenal's ground in a firesale could go to any number of soccer or rugby clubs.

The asset is worth what they can sell it for, not your feels

Yes I suppose I could enter on my company tax report this year, that seeing as nobody is likely to purchase the company assets  in the near future, I will enter in twice the depreciation value  and reduce taxes paid. 
There's an original value of the tangible asset and the value of that asset is entered  onto the yearly accounts, minus depreciation plus inflation,  just as Arsenal have done.
I'm curious to know how the GAA can just set a random low value  on their valuable assets in Dublin in contrast to company law in the UK

All told, the GAA assets  Croke Park stadium,  hotel,   convention centre, Handball centre  GAA museum,  Stadium tours, Abbotstown, and land acquired recently in the neighborhood,  could easily realise a 30m annual return on an initial Eur300m investment to purchase those assets. Assuming  Croke Park would get a license for a number of events such as  concerts soccer/GAA games, American Football.

Croke Park is limited by planning conditions to 3 or 4 non Gaa events per year

As Garth Brooks showed,there's no chance of getting that increased,ever.

[Rossfan]

https://roscommonherald.ie/2021/05/22/roscommon-gaa-to-have-to-paddle-their-own-canoe-on-dr-hyde-park-
refurbishment/

No grants for the little people.
Now if only we had a Government Minister....

[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?

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.

But if the GAA need to sell Croker there are no Dubs to rent it. There would be no requirement for a stadium of that size in Dublin so its site value only.

Arsenal's ground in a firesale could go to any number of soccer or rugby clubs.

The asset is worth what they can sell it for, not your feels

Yes I suppose I could enter on my company tax report this year, that seeing as nobody is likely to purchase the company assets  in the near future, I will enter in twice the depreciation value  and reduce taxes paid. 
There's an original value of the tangible asset and the value of that asset is entered  onto the yearly accounts, minus depreciation plus inflation,  just as Arsenal have done.
I'm curious to know how the GAA can just set a random low value  on their valuable assets in Dublin in contrast to company law in the UK

All told, the GAA assets  Croke Park stadium,  hotel,   convention centre, Handball centre  GAA museum,  Stadium tours, Abbotstown, and land acquired recently in the neighborhood,  could easily realise a 30m annual return on an initial Eur300m investment to purchase those assets. Assuming  Croke Park would get a license for a number of events such as  concerts soccer/GAA games, American Football.

Straight up the hotel and Abbotstown aren't GAA assets in they own neither. The GAA have zero chance of getting more events in to Croker. So €30m for conferences, stadium tours and skywalking post Covid? If you want

[caprea]

Seems strange to me that the debate is the GAA grants should be cut, why isn't the pot should be much bigger for all sports?