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Club Raheens is a new initiative being formed by Raheens GAA Club specifically to address the need to repay the capital loan taken out to purchase the new pitches, and to ensure that servicing the loan does not limit the day to day needs of the club.
Our appeal is to members and associates of the club to subscribe to the ‘Deed of Covenant’ and become part of a community effort to finish the field development project. Our objective is to reach 100 subscribers over the coming weeks. We currently have 65 subscribers.
Running a club of this size while also repaying debt on the recently opened new pitches requires a lot of regular funding. It is also an opportunity for Raheens supporters to assist the club and also get some recognition for their dedication to the club.
In recognition of everyone who subscribes to Club Raheens each member will...
Joining Club Raheens is probably the most practical way someone can assist the club at this current time.
Please download the Deed of Covenant Standing Order form PDF and fill in and return to or phone any club contact who will collect it from you.
See bottom of this page for copies of the SO form in PDF or Word format. Or click links above for Google Doc versions which require no additional software on your machine to print.
The primary debt has been incurred in the development of the new pitches. This initiative commenced in 2005 and eventually came to fruition when the new full size and juvenile pitches opened in 2012.
The main driver for the development was the increase in the local population and the consequent increase in the number of players in the club, particularly under-age players and the planned expansion of the girls and ladies sections. This can best be gauged by the increase in the school going population;
We are delighted to say that the club has progressed over the past few years with the Intermediate team reaching the county final in 2012 and the number of underage players increasing year on year. Currently the playing population of boys and girls between the ages of 4 and 20 years is 402. There has been considerable success at underage level in both boys and girls competitions.
The basic costs for the development were as follows:
Total cost Incurred - €1,021,000
Repaid* - €771,000
Outstanding Debt to be repaid - €250,000
Through all your efforts and generosity over 75% of the debt is already paid off!
The club thanks all those who have contributed and continue to give their help.
Starting out with a debt of just over 1 million euro, the initial fundraising event took place in the Keadeen hotel in October 2007. This consisted of a 5 monthly draw and a ‘Deed of Covenant’ where people could make a monthly contribution. "The Deed" was very successful and remains the primary source of income to repay the existing debt. Over €750k has been paid off the principal debt, which includes grants from GAA and lottery.
However, over time and with population movement and the deteriorating economic climate, the numbers subscribing to the ‘Deed of Covenant’ has declined to the point where making the monthly repayments is becoming very difficult and is using up funds which are needed elsewhere.
We still have 24% (or €250k) remaining which is a large debt. It is hoped with your help that this will be cleared within 10 years.
Edward & Stephanie Byrne
1. Please access the Deed of Covenant Standing Order form PDF below or click on the underlined link above.
2. Print and fill in and return to or phone any club contact who will collect it from you.
Note: These links require no software on your PC to print.
Many thanks for your help
See below for Word and PDF copies of the Form , click the down arrow on the right to download. Or click links above for Google Doc versions which require no additional software.