O’Driscoll company posts almost €600,000 profit
Former rugby player generates income from rugby punditry and corporate speaking
Former Leinster and Ireland rugby player Brian O’Driscoll generates income from corporate speaking and rugby punditry for Newstalk here and BT Sport in the UK. Photograph: Lorraine O’Sullivan/Getty Images
Accumulated profits at Brian O’Driscoll’s main company rose to €6.55 million last year, up from €5.95 million in 2017.
Accounts just filed show that ODM & Promotions Ltd, a company controlled by Ireland’s most capped rugby player, enjoyed profits of €596,006 in the 12 months to the end of August last. That represented a 27 per cent drop on the €810,236 recorded by the company in 2017.
The cash pile at Mr O’Driscoll’s company fell by €399,867 to €2.94 million. During the same period, the value of the company’s financial assets increased from €2.08 million to €2.94 million
Mr O’Driscoll generates income from corporate speaking and rugby punditry for Newstalk here and BT Sport in the UK.
His investments include a joint venture with tech entrepreneur Ray Nolan, where the pair are overseeing the growth of the Ultimate Rugby App and website.
Payroll costs at ODM last year increased from €71,268 to €114,699.