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Industry News

Thomond Park sees revenue boost

Owners of Ireland’s Thomond Park notched a 30 per cent increase in revenues during the 2016-17 season to €2.6m.

The 26,200-capacity stadium, which is owned by the Irish Rugby Football Union and operated by Thomond Park Stadium Company, recorded a net loss of €774,000 when depreciation costs were taken into account.

Thomond Park is home to Munster Rugby, Shannon RFC and UL Bohemian RFC.

The Thomond Park Stadium Company saw a major increase in operating profit of €234,000 in the year to the end of June, after facing an operating loss of €150,000 in the previous year.

Stadium manager John Cantwell said its boost came from hosting more knockout matches, including the Pro12 semi-final and Champions Cup quarter final.

“There was additional license fee income and bar and catering revenues resulting from these matches,” Cantwell said.

“We continue to be heavily dependent on the success of the Munster team and we are constantly looking to ways of driving our non-match day revenue.”

Image: James Corbett