Limerick GAA officials vow to repay overdue €150,000 loan "as expeditiously as possible"

Jerome O'Connell

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Jerome O'Connell

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joconnell@limerickleader.ie

Limerick GAA officials vow to repay overdue €150,000 loan "as expeditiously as possible"

The National Geographic concert in the Gaelic Grounds last September

LIMERICK GAA treasurer Liam Bourke has vowed that an overdue loan of €150,000 will be repaid "as expeditiously as possible".

Last month it was revealed that Limerick GAA owed €150,000 to Limerick City and County Council as repayment for a loan ahead of last September's first ever concert in the Gaelic Grounds.

At a meeting of Limerick City and County councillors at the end of January there was some angst when it was revealed that Limerick GAA had yet to pay back the money it was loaned for it's Symphony for our World concert - the deadline to repay was December 31.

"We received a sum of €150,000 in receipt of that and this sum is now due back," Limerick GAA treasurer Liam Bourke told this week's County Board meeting in the Woodlands House Hotel.

"While the concert itself was a promotional success sadly we had a financial loss in respect of it, which left us in a short-term difficulty," said Bourke.

"We met with the council last Monday week and had a very frank discussion in relation to it and all parties accept that the loan is due to be repaid. Myself, I have spoken with the financial officer and we had a discussion which I hope will lead to a structure of repayment over the next few months," outlined the Limerick GAA treasurer.

"This is something that I want to have dealt with as expeditiously as possible and I speak for the whole board in that respect," he explained, adding that he would "update at next meeting".