Wexford GAA have released their financial report for 2019 ahead of next week’s annual convention…
2019 was a successful year for Wexford GAA. The Senior and Minor hurlers successes in the Leinster Championship will be forever remembered.
And just how Wexford were relatively successful on the pitch, it was a successful year off the pitch finacially too.
In a report released to the public, Wexford GAA states that:
“Overall, the financial position is positive this year, however we cannot be complacent and must continue to monitor and contol spending. Our financial position is highly correlated to the progress of our senior inter-county teams and it is the plan to achieve sustained success both on and off and the pitch.”
The audited financial report, which ends on 31 October, can be found here. The annual financial report highlights a net surplus of €369,422, a decrease from 2018 – but a very positive surplus nonetheless.
Income generated from Gate receipts and National League shares decreased. In 2018, Wexford GAA earned €515,288 through Gate receipts, whereas in 2019, income generated was €453,236. Likewise, Wexford’s shares in the NHL and NFL decreased;€220,156 was brought in during 2018, while €136,101 was brought in for 2019.
Despite some decreases though, Wexford’s commercial and fundraising revenue increased significantly, helped by Wexford’s new commercial manager and current player, Éanna Martin. Commercial and fundraising income went from €792,626 in 2018 to almost 1 million in 2019 – €989,739 to be exact.
Another area of interest is the team’s expenses. Team expenses rose from €850,144 in 2018 to €928,331 in 2019. As noted in the report, one factor for this was due to the Wexford Senior hurler’s and Wexford minor hurler’s successes in the Leinster Championship and their repsective runs in All-Ireland stages.
One significant expenditure that arose in 2019 was the maintainance of Wexford Park’s grounds. Maintainance for the county’s ground went from €78,482 in 2018 to €174,373 in 2019. The problems surrounding the pitch in Wexford Park were addressed in the report.
“There have been several ongoing issues with the pitch during the year with a postponement during the league, followed by remedial works in advance of championship which were successful. However, issues arose once again following the dry weather in August, and a number club fixtures had to be postponed due to heavy rainfall in September/October.”
Wexford’s annual GAA convention is due to take place on Monday December 9th, 7pm, at Whites Hotel in Wexford.