Board asks clubs for bailout

The GAA clubs of Cavan have been asked to bail-out the Cavan county board after it emerged that the board owe €420,000 to creditors and have a serious cash flow problem.

Repayments on Kingspan Breffni Park will run to €21,500 per month in 2015 and the board proposed at a meeting on July 6 that clubs either continue with the current levy of €2,400 per club, per year for another 15 years or increase it to €5,000 per club, per year over five years.
However, delegates sought time to confer with their own club committees and at a specially-convened meeting last Monday, did not agree to either proposal, with the result that a new task force of GAA people from business and banking backgrounds has been formed to address the issue.
They are expected to report back in September.

See this week's Celt, out now, for more.