Two Offaly GAA clubs are allowed to borrow big development loans

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Two Offaly GAA clubs have been given the green light to take out big development loans.

St Rynagh Football Club and Tullamore GAA Club have been given the green light to borrow over £100,000 for major development projects.

St Rynagh Football Club are borrowing €100,000 from Croke Park to help fund the cost of purchasing almost four acres of additional land next to their ground in Cloghan. Offaly GAA Treasurer Dervill Dolan told an Offaly GAA County Board meeting on Tuesday evening that the pitch costs €145.00 and the club has already done some fundraising and obtained donations from the local population.

The Tullamore GAA Club has been granted permission to borrow €120,000 from the Bank of Ireland for development work at O’Brien Park. The club provides all-weather ground on its pitch, improves a ball wall and erects fences. The total cost of their development is €358.00 and they have received provisional approval for a sports and investment subsidy of €150,000.

The County Board is to act as guarantor for St Rynagh’s loan and chairman Michael Duignan has wished the clubs well with their developments.

He also revealed that the Offaly GAA are holding their Grand Canal fundraiser again this year. This is a joint initiative between the board and the clubs with the money being shared and he urged the clubs to support the fundraiser.

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