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Saturday 21 September 2019

Katie's €1.5m cash pile after knockout year

Boxer Katie Taylor has had another successful year, both in and out of the ring, newly-filed accounts show
Boxer Katie Taylor has had another successful year, both in and out of the ring, newly-filed accounts show
Katie defeated Brazil’s Rose Volante in her most recent bout

Boxing sensation Katie Taylor is sitting on a cash pile of more than €1.5m following another successful year for her company, according to newly-filed accounts.

The unified lightweight world champion is a director and sole shareholder of KT Sports, which was set up in 2009, four years after she won her first gold medal at the European Amateur Boxing Championships.

Accounts just filed to the Companies Office show that the firm's cash pile grew by €147,824 to more than €1.53m during the 12 months to the end of last June.

Owed

Accumulated profits also increased to €1.6m during the same period, while the amount owed to creditors fell to €25,290 from €44,488 at the end of the previous year.

Taylor enjoyed unparalleled success in the amateur ranks before turning professional in November 2016, winning five consecutive gold medals at the World Championships, as well as gold at the 2012 London Olympics.

The 32-year-old is unbeaten after 13 fights since turning pro and now holds three of the four major world titles at lightweight.

She is scheduled to face Belgium's Delfine Persoon in New York for the remaining title on June 1.

Outside the ring, the boxer has benefited from sponsorship deals with the likes of Honda, Aramark, Lucozade, KPMG and Bank of Ireland.

Late last year, a survey by sponsorship consultants Onside designed to evaluate how desirable well-known names are to brands revealed that Taylor was Ireland's most admired sports personality.

The Bray woman is listed as a director of KT Sports along with her older sister, Sarah Taylor.

She replaced their mother, Bridget Taylor, as a director in May last year.

Accounts show that the number of people employed by the company increased last year from two to three, including its directors.

They were paid a combined total of €74,852, compared with €58,360 during the previous financial year.

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