The Irish Rugby Football Union (IRFU) has accumulated over 20 properties in Dublin, valued at approximately €30 million, even though it recently faced a significant €18 million deficit. The situation is compounded by the controversial decision to cut funding for the men's Sevens team. Councillors express concern regarding the IRFU's financial priorities, especially when it is renting out a two-bedroom house at €6,500 per month. Additionally, the IRFU purchased homes in late 2023 for €1.6 million, sparking discussions about the appropriateness of such investments given their financial struggles.
Despite the Irish Rugby Football Union's substantial property portfolio worth €30 million, the organization's recent €18 million deficit and cuts to the men's Sevens team raise serious financial concerns for rugby leadership in Ireland.
The IRFU's decision to rent a two-bedroom house at €6,500 per month underlines a juxtaposition of high-value assets and financial distress, leading to public concern and scrutiny regarding its financial management strategy.
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