Belfast Telegraph

Irish rugby hero Paul O'Connell's company amasses £1m cash pile

By Gordon Deegan

Irish rugby legend Paul O'Connell, who is coming to terms with having his decorated career cut short, can console himself with his commercial firm amassing a cash pile of almost €1.3m (£1m).

The iconic figure of world and Irish rugby retired from the game earlier this year after sustaining a severe hamstring injury in a World Cup game against France in 2015.

The Limerick man (36) had been trying to overcome his injury in order to turn out for his new side, French club Toulon, before accepting medical advice and confirming his retirement in February.

He'll be addressing the Northern Ireland Chamber of Commerce and Industry's Champions Dinner in May - the first major corporate event at the newly-extended Waterfront Hall in Belfast.

In his commercial pursuits off the field, O'Connell continued to flourish last year and generated almost €1.3m in cash in his company Nellcon Ltd before his retirement. Accumulated profits rose from €1.234m to €1.307m in the 12 months to the end of April 2015. In 2014, profits went up by €143,627 (£116,103).

During the 12 months to the end of April last year, the cash pile increased from €1.207m to €1.288m.

The firm generated its income from commissions earned during the year.

However, the directors of the firm, Paul and Michael O'Connell, paid themselves a modest income from the firm.

The remuneration for directors last year totalled €21,000 (£17,000) and this followed a payout of €21,000 in 2014.

Belfast Telegraph