Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Brian O'Driscoll during the 2023 Rugby World Cup host union announcement at The Royal Garden Hotel, Kensington. Alamy Stock Photo

Accumulated profits at firm owned by rugby legend Brian O’Driscoll surged to €10.47m last year

The profits for 2023 show that O’Driscoll continues to retain stellar earning power nine years after retiring from professional rugby.

ACCUMULATED PROFITS AT the main firm owned by Irish rugby legend, Brian O’Driscoll last year surged to €10.47m.

New abridged accounts filed by O’Driscoll’s O.D.M. & Promotions Ltd to the Companies Office show the company recorded post tax profits of €810,463 in the 12 months to the end of last August – an average post tax profit of €15,585 per week.

The profits for 2023 show that O’Driscoll – now 45 – continues to retain stellar earning power – nine years after retiring from professional rugby.

The profits of €810,463 are a 26pc increase on the post tax profits of €641,383 recorded in the 12 months to the end of August 2022.

Cash funds at the company last year increased by €282,549 from €1.85m to €2.14m.

The company achieved the increase in post-tax profits despite the additional cost last year of directors receiving €212,707 following zero paid out under that heading in 2022.

In yet another buoyant year for the business, the value of the company’s financial assets increased by €224,749 from €5.693m to €5.917m.

The book value of the company’s investment properties reduced from €1.8m to €1.04m and this followed ‘disposals’ with a book value of €763,057.

A note states that the investment properties are rented residences.

The firm has consistently recorded strong profits in recent years and the profits of 2023 and 2022 following profits of €874,120 profits in 2021; €899,710 in 2020, €694,791 for 2019 and €596,006 in 2018 as the Clontarf man’s financial fortunes have continued to flourish away from the playing field.

O’Driscoll’s website states that he “now works in a number of capacities in the business and sporting world” and O’Driscoll appears as a regular rugby pundit on the likes of Newstalk and was part of ITV’s pundit line-up for its Rugby World Cup coverage last Autumn.

Pay to staff at the company, which includes directors, last year increased from €124,470 to €348,754 made up of wages and salaries of €335,251 and €13,503 in social insurance costs.

The firm’s financial assets are made up of €3.94m in shares in group undertakings; €679,906 inn participating interests while there was €224,749 in additions to ‘other investments’ – offset by a write down of €91,486 – to bring to a total of €1.25m.

The €679,906 in participating investments relates to a 33.3% investment in White Water LLC, a New York limited liability company. 

O’Driscoll ended his decorated playing career with Ireland and Leinster in 2014 and the ODM & Promotions Ltd.’s only other director is O’Driscoll’s father, Frank.

The two signed off on the accounts on 4 July.

O’Driscoll, then aged 22, established the ODM firm in 2001 as part of his bid to capitalise on being the most marketable Irish player of the modern rugby era.

During an illustrious playing career, O’Driscoll won one Grand Slam with Ireland, three European Heineken Cups with Leinster and was capped 133 times by Ireland scoring 46 tries.

Separate accounts filed by the other half of Ireland’s ‘Golden Couple’, Amy Huberman, show that the cash funds at her entertainment firm passed the €1m mark for the first time in 2023.

Away from her acting and writing career, Huberman - who featured on Amazon Prime Video’s Last One Laughing Ireland earlier this year - continues to be a favourite of companies building their brands.

The new accounts filed by Huberman’s ASM Entertainment Ltd show that the company recorded post tax profits of €233,628 in the 12 months to the end of August last and this was an 18.5pc increase on the post tax profits recorded of €197,097 in 2022.

Huberman’s popularity with the Irish public is confirmed with a combined audience of over 934,000 on the Dubliner’s Twitter and Instagram accounts and accumulated profits at the company last year increased from €1.058m to €1.291m.

Cash funds at the company increased €245,645 from €826,766 to €1.07m.

View 40 comments
Close
40 Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel

     
    JournalTv
    News in 60 seconds