{"id":545963,"date":"2026-07-12T14:06:12","date_gmt":"2026-07-12T14:06:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/545963\/"},"modified":"2026-07-12T14:06:12","modified_gmt":"2026-07-12T14:06:12","slug":"fianna-fail-sells-clonmel-property-for-e507000-in-bid-to-reduce-debt-levels-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/545963\/","title":{"rendered":"Fianna F\u00e1il sells Clonmel property for \u20ac507,000 in bid to reduce debt levels \u2013 The Irish Times"},"content":{"rendered":"

Fianna F\u00e1il<\/a> sold a property it owned for \u20ac507,000 amid efforts to strengthen its balance sheet and reduce debt levels.<\/p>\n

The party had previously used the building \u2013 the Denis Lacy Hall in Clonmel, Co Tipperary \u2013 for meetings and as a constituency office for TDs over the years.<\/p>\n

The property had also been used by local community organisations including for yoga classes and a toy library, before it was put on the market.<\/p>\n

A campaign by community groups for the three-storey building to be taken into public ownership was unsuccessful and the building was sold to a private buyer last year.<\/p>\n

The sale of the building is referenced in Fianna F\u00e1il\u2019s financial statements for 2025 which have been filed with the Standards in Public Office Commission (Sipo)<\/a>. <\/p>\n

[\u00a0Sinn F\u00e9in declares ownership of six new properties in latest set of annual accountsOpens in new window<\/a>\u00a0]<\/p>\n

Its statement for the previous year set out how spending by the party on local, European and general elections \u2013 which all took place in 2024 \u2013 contributed to debt at the end of that year of \u20ac1,527,288.<\/p>\n

The Fianna F\u00e1il financial statements for 2025 said the party recorded a surplus of \u20ac600,991 last year and it noted \u20ac688,382 in gross fundraising income. <\/p>\n

It added that Fianna F\u00e1il has \u201calso continued to make progress in strengthening the party\u2019s balance sheet\u201d. <\/p>\n

\u201cThe party disposed of its property held in Clonmel for \u20ac507,000… and once again, in line with projections, substantially reduced our debt level in a non-election year to \u20ac714,000.\u2033 It added that the party \u201cexpect to substantially reduce or clear this debt level again in 2026\u201d.<\/p>\n

The statements continue: \u201cReflecting the strength of the party\u2019s finances, from 2027 onwards, the party\u2019s focus for our finances will be to accumulate resources through the party\u2019s fundraising initiatives, such as the National Draw, for the next election cycle to ensure we can run the strongest campaigns possible for our candidates across the country.\u201d<\/p>\n

Fianna F\u00e1il purchased the three-storey building in Clonmel \u2013 which dates from the mid-1830s \u2013 in 1956. <\/p>\n

An online listing for the property at the time of its recent sale describes it as \u201ca landmark building in the town of Clonmel\u201d that \u201cretains much of its old period design\u201d and \u201chas potential for redevelopment\u201d.<\/p>\n

A Fianna F\u00e1il statement said: \u201cThe property was placed on the open market in October 2024 through independent auctioneers\u201d with an advertised asking price of \u20ac350,000.<\/p>\n

It added: \u201cFollowing a competitive sales process, the property was sold in April 2025 for \u20ac507,000, significantly above the original asking price.\u201d<\/p>\n

\u201cThe party has no knowledge about any future use.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Fianna F\u00e1il sold a property it owned for \u20ac507,000 amid efforts to strengthen its balance sheet and reduce…\n","protected":false},"author":2,"featured_media":545964,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60,7038],"class_list":["post-545963","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland","tag-irish-politics"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/545963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=545963"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/545963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/545964"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=545963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=545963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=545963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}