Lahinch Golf Club’s profits jump 22% to more than €355,000
Clare club’s finances boosted by 9% increase in green fee income to €1.235m
Lahinch Golf Club: the links course counts Irish rugby captain Paul O’Connell, multi-major winner Phil Mickelson and broadcaster Terry Wogan among its members. Photograph: INPHO/Getty Images
Lahinch Golf Club last year “steadied the ship” as profits jumped 22 per cent to €
355,649. The 122-year-old club recorded a surplus of €355,649 compared to €291,947 in 2012, according to the annual report.
Club finances were boosted by a 9 per cent increase in green fee income to €1.235 million.
In a report presented to members of Lahinch Golf Club yesterday at the club’s AGM, captain Eamon Foley said it was in “an excellent place, having coming through some difficult times”.
He said: “We have steadied the ship and the club is now on a sound, sustainable financial footing.”
Mr Foley said the increase in green fee income last year “reflects a strengthening overseas golf tourism market, particularly from North America. Green fee bookings for this year are 14 per cent ahead of last year’s.
The increased green fees more than offset a reduction in income from membership subscriptions, he said. Income generated from members’ subscriptions last year fell from €1.054 million to €990,033.