Announcement

Collapse
No announcement yet.

Attention: Soda Bread

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Attention: Soda Bread

    Original Article: https://www.the42.ie/thomond-park-naming-rights-munster-4736154-Jul2019/?utm_source=shortlink

    Thomond Park naming rights still on the cards as Munster chip away at debt


    IRFU CEO Philip Browne says union and province ‘have an agreement in place and everyone’s happy about that.’

    MUNSTER RUGBY IS still looking at the possibility of selling the naming rights for Thomond Park as it continues to repay its debt to the IRFU.

    A loan from the national union helped the southern province to redevelop the Limerick stadium in 2007/08.

    Thomond Park is an iconic rugby venue.Source: Laszlo Geczo/INPHO

    There have been struggles for Munster to repay that debt in recent years, although a €2.6 million payment in 2017/18 helped the province to reduce the total owed to its current €6.86 million.

    The 2017/18 season also saw the province renegotiate its schedule of loan repayments with the IRFU, reducing their scheduled repayments down from €500,000 to €100,000 per year.

    The new deal also means that the IRFU will receive 50% of Munster’s multi-year ticket sales, 50% multi-year corporate box sales, as well as 50% of any Thomond Park naming rights income on an annual basis.

    Despite having employed a consultant to explore selling the naming rights for Thomond Park in 2016 and pushing to find suitable partners for a deal in recent years, Munster Rugby has not yet found naming rights partners.

    The selling of naming rights to Thomond Park is a divisive issue, given the stadium’s proud history and status in Limerick and the rest of the province.

    However, the sale of naming rights has become more common in modern rugby, even in Ireland, with Lansdowne Road becoming the Aviva Stadium, Ravenhill in Belfast now being known as Kingspan Stadium and Munster’s own Musgrave Park in Cork now officially named Irish Independent Park.

    Speaking before the IRFU’s AGM last week, union CEO Philip Browne indicated that Munster Rugby is still exploring the possibility of selling the naming rights for Thomond Park.

    “Yeah, it’s still on the cards,” said Browne. “They’re looking at it.



    “The difficulty with naming rights – and I’ll speak against this myself – is that it’s much easier to sell naming rights for a new stadium than it is for a stadium that’s already there.

    “Having said that, the naming rights in the Aviva Stadium is probably one of the most successful naming rights.

    Munster are still looking at selling naming rights to Thomond Park.Source: Billy Stickland/INPHO

    “Does anyone call the place Lansdowne Road anymore? People of a certain generation possibly, but the traction that it got has been really quite remarkable and that deal has been extended to 2025, which is great.”

    The IRFU would naturally benefit from Munster agreeing to any naming rights deal, with 50% of the possible annual income going towards paying off the province’s debt to the union.

    With Munster having cut that debt down to €6.86 million, Browne indicated that the IRFU had been happy to restructure the repayments schedule to €100,000 annually.

    “They’re chipping away at it,” said Browne. “The reality is that professional rugby is a marginal business.

    “For all our provinces, the difference between breaking even and a loss is marginal. The difference between success and failure can boil down to things like getting a home quarter-final in Europe or not.

    “Munster have done pretty well in terms of their performances on the park, which has managed to keep them financially in reasonable shape.

    “There would be little point of the union putting them under more significant pressure and saying, ‘We want the loan back now.’ It’s a question of them continuing to chip away at it. We’re happy we have an agreement in place and everyone’s happy about that.”

    #2
    I think that lots of people still call it Landsdowne. And I think that's why the issue on naming rights is less divisive than it used to be. People have just learned to ignore them.
    "We will not walk in fear, one of another. We will not be driven into an age of unreason if we dig deep into our history and remember we are not descended from fearful men" Edward R Murrow

    "Little by little, we have been brought into the present condition in which we are able neither to tolerate the evils from which we suffer, nor the remedies we need to cure them." - Livy


    "I think that progress has been made by two flames that have always been burning in the human heart. The flame of anger against injustice and the flame of hope that you can build a better world" - Tony Benn

    Comment


      #3
      Some Troglodytes still refer to I.I.P. as Muzzer.
      Yorn desh born, der ritt de gitt der gue,
      Orn desh, dee born desh, de umn bork! bork! bork!

      Comment


        #4
        While others call it Musser.

        Comment


          #5
          GAA Sports commentators always correcting themselves when referring to the 'LIT' Gaelic Grounds nowadays, TP renaming should have happened when it was rebuilt, it didn't, Munster lost out on best part of 1 million euro
          Nulla semper amicus, servivit mihi, in iniuriam mihi neminem quem non persolvi

          Comment


            #6
            Originally posted by Piquet View Post
            While others call it Musser.
            That's even worse
            Yorn desh born, der ritt de gitt der gue,
            Orn desh, dee born desh, de umn bork! bork! bork!

            Comment


              #7
              Originally posted by Sulla View Post
              GAA Sports commentators always correcting themselves when referring to the 'LIT' Gaelic Grounds nowadays, TP renaming should have happened when it was rebuilt, it didn't, Munster lost out on best part of 1 million euro
              Did they? I got the impression they tried to sell it but couldn't.


              It's all ******** anyway. Munster Rugby doesn't "owe" the IRFU a red cent in real terms. These are all wooden dollars being pushed between parent and subsidiary entities.

              It's like me arguing for more budget from my boss.
              "We will not walk in fear, one of another. We will not be driven into an age of unreason if we dig deep into our history and remember we are not descended from fearful men" Edward R Murrow

              "Little by little, we have been brought into the present condition in which we are able neither to tolerate the evils from which we suffer, nor the remedies we need to cure them." - Livy


              "I think that progress has been made by two flames that have always been burning in the human heart. The flame of anger against injustice and the flame of hope that you can build a better world" - Tony Benn

              Comment


                #8
                Originally posted by Miguel Sanchez View Post
                Some Troglodytes still refer to I.I.P. as Muzzer.
                Think I'll start calling it that from now on.
                Tis but a scratch.

                Comment


                  #9
                  The 'naming rights' of Thomond Park was debated live on Limerick 95FM yesterday - far from being accepted as inevitable the vast majority of callers/facebook/twitter to 95FM are opposed to selling the name. Listen to the Podcast , link below:-

                  https://www.live95fm.ie/on-air/shows...ick-today-(5)/

                  Comment


                    #10
                    See the way these things work is, people only contact shows like this when they disagree with what been discussed. In the real world some people might be slightly annoyed, but most won't really care. People can continue to call it Thomond Park if they want to. There's not going to be any thought police forcing them to call it anything else.

                    Comment


                      #11
                      Except in this thread, it would appear ...
                      Tis but a scratch.

                      Comment


                        #12
                        Originally posted by Soda Bread View Post
                        The 'naming rights' of Thomond Park was debated live on Limerick 95FM yesterday - far from being accepted as inevitable the vast majority of callers/facebook/twitter to 95FM are opposed to selling the name. Listen to the Podcast , link below:-

                        https://www.live95fm.ie/on-air/shows...ick-today-(5)/
                        If they sell the naming rights, will you boycott this site? (Please say yes.)

                        Comment


                          #13
                          Originally posted by Munsterboy View Post

                          If they sell the naming rights, will you boycott this site? (Please say yes.)
                          In that case I won't have to consider boycotting this Forum any time soon...!

                          Comment


                            #14
                            Originally posted by Soda Bread View Post
                            The 'naming rights' of Thomond Park was debated live on Limerick 95FM yesterday - far from being accepted as inevitable the vast majority of callers/facebook/twitter to 95FM are opposed to selling the name. Listen to the Podcast , link below:-

                            https://www.live95fm.ie/on-air/shows...ick-today-(5)/
                            Radio talk show phoneins are always a good representative of the general public
                            Nulla semper amicus, servivit mihi, in iniuriam mihi neminem quem non persolvi

                            Comment


                              #15
                              Originally posted by Soda Bread View Post
                              The 'naming rights' of Thomond Park was debated live on Limerick 95FM yesterday - far from being accepted as inevitable the vast majority of callers/facebook/twitter to 95FM are opposed to selling the name. Listen to the Podcast , link below:-

                              https://www.live95fm.ie/on-air/shows...ick-today-(5)/
                              I didn't hear a majority agreeing with you. Also, I was interested in your comment " they didn't rename Pairc ui Rinn" .. Actually they did. It was formerly, Flower Lodge.

                              Comment

                              Working...
                              X