Casement Park in line for major overhaul - 40,000 all seater Stadium.

[Rossfan]

Ya can demand all you like.....

[Munchie]

This time next year not a thing will have changed but Clones will have a lovely new facelift, ready for more to keep the Ulster showpiece there for decades to come. There is no more money and at this stage not sure anyone cares anymore build Antrim a home ground and drop this embarrassment.

[illdecide]

Have been harping on for years to have this built and TBH it's looking less likely, we might actually have a United Irleand before we have a new Casement.
To see the bitter Unionists faces and watch them squirm if this stadium got the green light would be priceless...

Either way the losers in all this is Antrim GAA.

[Evil Genius]

I think they have only mentioned the figures that would rise with 15 years inflation. The Dublin money wasn't on the table back then and therefore would not be expected to rise with inflation.
However, it must be included in the £170 million figure mentioned at the beginning because the other figures certainly don't get them there.

If the GAA consider that their original funding should be increased to account for inflation, then the £36.5m which Soccer is waiting for for its Sub-Regional funding (part of the original overall deal) should also be adjusted accordingly?

Especially since the delay stemmed from the incompetence etc of the GAA, not that of Soccer (or Rugby); indeed this £36.5m was effectively "held hostage" by successive SF and SDLP Sports Ministers while Casement was trying to be resolved.

[illdecide]

I think they have only mentioned the figures that would rise with 15 years inflation. The Dublin money wasn't on the table back then and therefore would not be expected to rise with inflation.
However, it must be included in the £170 million figure mentioned at the beginning because the other figures certainly don't get them there.

If the GAA consider that their original funding should be increased to account for inflation, then the £36.5m which Soccer is waiting for for its Sub-Regional funding (part of the original overall deal) should also be adjusted accordingly?

Especially since the delay stemmed from the incompetence etc of the GAA, not that of Soccer (or Rugby); indeed this £36.5m was effectively "held hostage" by successive SF and SDLP Sports Ministers while Casement was trying to be resolved.

Glad you mentioned that as we'd never heard that before

[Evil Genius]

I think they have only mentioned the figures that would rise with 15 years inflation. The Dublin money wasn't on the table back then and therefore would not be expected to rise with inflation.
However, it must be included in the £170 million figure mentioned at the beginning because the other figures certainly don't get them there.

If the GAA consider that their original funding should be increased to account for inflation, then the £36.5m which Soccer is waiting for for its Sub-Regional funding (part of the original overall deal) should also be adjusted accordingly?

Especially since the delay stemmed from the incompetence etc of the GAA, not that of Soccer (or Rugby); indeed this £36.5m was effectively "held hostage" by successive SF and SDLP Sports Ministers while Casement was trying to be resolved.

Glad you mentioned that as we'd never heard that before

Aye, I'm sure you've all heard it, but how many of you heeded it? 

[Duine Inteacht Eile]

There has to be concern over Stormont's future and the status of Casement funding in the event of collapse (possibly never returning).

[Wildweasel74]

What are they waiting on anyway,  they a certain amount of money, go built what u can with it. Big push start of the year to get more money by Burns, nothing happened,not 1 word about it since.

[Duine Inteacht Eile]

What are they waiting on anyway,  they a certain amount of money, go built what u can with it. Big push start of the year to get more money by Burns, nothing happened,not 1 word about it since.

It has followed that exact same process for many years now.

There are people 15 years deep in salary lifting for this.

The mind boggles.

[Munchie]

It's the GAA folks it's akin to the Northern Ireland Civil Service buck useless with zero accountability.

[Ronnie]

Did Stormont announce a capital underspend today?

[twohands!!!]

An article from the Examiner on the state of Cork GAA's finances.

Nothing too startling but a bit more evidence to add to the mountain of proof that the financal outlook for Casement is likely to be worrying in the extreme, especially if it results in Ulster GAA taking on any sort of debt. Even if the project somehow got built on budget and no signifcant debt was taken on, the likelihood of Casement bringing in ongoing profits is not great.

Some things about Cork GAA finances that stood out to me - overall debt only down by €300k this year. Cork GAA still owe over a touch over €30 million so pretty much 1% of the debt paid off this year. Another 100 years like this one and the debt will all be paid off.

The stadium EBITDA was around €370k - EBITDA stands for earnings before interest. taxes, depreciation, and amortisation. The "A stadium EBITDA in the region of €0.37m in a non-concert year showed a healthy break-even position." This is some very tricksy phrasing for the Cork CEO when the stadium accounts recorded a total loss of €1.9m. Seems like he was trying to sell the notion that the stadium broke-even this year which it clearly did not.

Stadium revenue for the year was €5.6 million - which sounds great but in reality is that when the EBITA ends up at €370k, it shows there were significant costs involved in achieving that revenue. Far too many people still seem to vastly underestimate the costs involved in operating a stadium.

https://www.irishexaminer.com/sport/gaa/arid-41755227.html

[Ronnie]

Once bitten..... understandable why Croke Park are hesitant on committing to their proposed investment figure.   What would £15m contribute to nowadays?   Consultant fees and a few blocks..

[BigGreenField]

Tyrone GAA chairman wants Casement Park project scaled back and money shared around Ulster.

Tyrone chairman Martin Sludden has called on Ulster GAA to scale back its redevelopment plans for Casement Park and build a more modest stadium appropriate to the needs of the GAA in Antrim.

Rather than continue to spend hundreds of millions on the stalled Belfast project, he wants to see investment shared with the other eight counties of Ulster, where stadiums have fallen into disrepair.

"Having spent well in excess of £20m already with nothing to show for it, Ulster GAA appear willing to spend hundreds of millions on a stadium that's neither wanted nor needed," said Sludden.

Tyrone GAA chairmain Martin Sludden
Tyrone GAA chairmain Martin Sludden
"The stadiums across the province need significant capital investment, some having fallen into a significant state of disrepair, including Healy Park and I would appeal to the GAA at national and provincial level to ensure that the other eight counties in Ulster get their fair share of all of the funding sources available to refurbish their grounds.

"We should not direct all of the funding to one single project to the detriment of all the other counties."

[Gold]

Tyrone GAA chairman wants Casement Park project scaled back and money shared around Ulster.

Tyrone chairman Martin Sludden has called on Ulster GAA to scale back its redevelopment plans for Casement Park and build a more modest stadium appropriate to the needs of the GAA in Antrim.

Rather than continue to spend hundreds of millions on the stalled Belfast project, he wants to see investment shared with the other eight counties of Ulster, where stadiums have fallen into disrepair.

"Having spent well in excess of £20m already with nothing to show for it, Ulster GAA appear willing to spend hundreds of millions on a stadium that's neither wanted nor needed," said Sludden.

Tyrone GAA chairmain Martin Sludden
Tyrone GAA chairmain Martin Sludden
"The stadiums across the province need significant capital investment, some having fallen into a significant state of disrepair, including Healy Park and I would appeal to the GAA at national and provincial level to ensure that the other eight counties in Ulster get their fair share of all of the funding sources available to refurbish their grounds.

"We should not direct all of the funding to one single project to the detriment of all the other counties."

Is that the fella cost Louth a Leinster title in 2010?