An internal audit of Galway GAA’s financial affairs, which was ordered by the new treasurer Mike Burke, will be completed by St Patrick’s weekend.

According to today’s Irish Independent, the audit will focus on broader financial administration issues.

The audit is separate to a report compiled by a three-man committee who last year found anomalies in the manner in which gate receipts were reconciled at various grounds around the county.

Galway GAA showed a fairly healthy balance sheet at last December’s convention, when a profit, before depreciation, of €418,773 was recorded, which was up from €79,421 the previous year.

Beyond a lucrative sponsorship deal with Supermacs, considerable debt has built up with the purchase of land for development of a training centre at Mountain South. The sum owed to Central Council is estimated at around €2.6m, on top of ticket money still owed to Croke Park, dating back to 2015.

0
0
0
s2smodern

Latest Sport