The release of Dundalk FC’s accounts for 2019 last week showed that the club made a pre-tax loss of over €1.2 million for the financial year ending November 2019.
The figure of €1,226,067 is on top of the €676,001 loss from 2018, bringing the total loss of club owners PEAK6 in their two years at Oriel Park to €1,902,068.
A large reason for the year-on-year increase in losses was the investment in the Youth Development Centre at Oriel Park. The accounts show that the club spent €1,525,219 on property, plant and equipment in 2019 — an increase of half a million euro on the previous year.
Staff numbers also grew from 34 in 2018 to 39 last year.
A further €236,942 was also paid to “group companies” while agent and intermediary fees jumped a massive 1167.6% from €5,449 to €69,070.
Despite the €1.2 million loss, the club still had €1,345,391 in the bank as of November 30th last.