Páirc Uí Chaoimh Reports Significant Revenue Increase Following Prosperous 2024 Events
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Páirc Uí Chaoimh, the Cork stadium, experienced a substantial 55% revenue surge in 2024, reaching €5.55 million, driven by high-attendance events including a Bruce Springsteen concert and Munster Hurling Championship games. This financial boost contributed to a 29% reduction in pre-tax losses, falling to €1.9 million. https://www.irishtimes.com/business/2025/08/26/pairc-ui-chaoimh-revenues-surge-55-to-55m/
Financial Performance & Key Figures
The stadium’s financial reports for the year ending September 2024 reveal a significant turnaround. Revenue increased by €1.93 million, rising from €3.62 million in 2023 to €5.55 million in 2024. This positive trend is further highlighted by the shift from an Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) loss of €331,561 in 2023 to a profit of €582,491 in 2024 – a swing of over €914,000. https://www.irishtimes.com/business/2025/08/26/pairc-ui-chaoimh-revenues-surge-55-to-55m/
despite the positive financial results, the stadium continues to bear substantial costs related to its 2017 redevelopment. Non-cash depreciation costs amounted to €1.52 million, and loan interest totaled €957,874.
Funding & Sponsorship
Páirc Uí Chaoimh’s €96 million redevelopment was financed thru a combination of sources:
Cork county board (CCB) Finances: Utilizing its own financial resources.
GAA Grants: A €20 million grant from Cumann Lúthchleas Gael (GAA).
Department of Sport Grants: Funding received from the department of Sport.
Munster Council grants: €34.64 million in grants from the Munster Council.
Bank Loans: securing loans to cover development costs.
Fundraising: Revenue generated from long-term ticket sales and other fundraising initiatives.
In 2024, the stadium secured a significant sponsorship deal with SuperValu, resulting in a rebranding to supervalu Páirc Uí chaoimh. This 10-year naming rights agreement is estimated to be worth approximately €250,000 annually to Cork GAA. https://www.irishtimes.com/business/2025/08/26/pairc-ui-chaoimh-revenues-surge-55-to-55m/
Impact of Key Events
The financial success of Páirc Uí Chaoimh in 2024 was substantially influenced by two major events:
Bruce Springsteen Concert: The sold-out concert featuring music legend Bruce Springsteen, attracting approximately 40,000 fans.
Munster hurling championship: A sold-out Munster Hurling Championship game between Cork and Limerick.
These events demonstrated the stadium’s capacity to attract large crowds and generate substantial revenue.
Secondary Keywords (AI-Steadfast):
Cork GAA
Stadium Finance
Event Revenue
Irish sports Stadiums
Bruce Springsteen Concerts
Munster Hurling
SuperValu Sponsorship
Páirc Uí Chaoimh Redevelopment
Irish Sports Funding
Stadium Economics