The Irish Rugby Football Union (IRFU) has secretly built a substantial property portfolio in Dublin 4, estimated to be worth €30 million, despite a recent deficit of €18 million and the decision to cut the men's Sevens team. The organization operates as a landlord through a trust company, with one property renting for €6,500 a month. This financial strategy, amidst reported budget cuts, has drawn criticism from local officials who find it troubling, suggesting a disconnect between the managed rents and the union's stated financial woes.
The IRFU's extensive property portfolio in Dublin 4, valued at €30 million, raises eyebrows, particularly after posting an €18 million deficit and cutting the men's Sevens team.
It is concerning that the IRFU is charging €6,500 a month for a rental property while facing financial difficulties, as this raises questions about fiscal responsibility.
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