Losses rise at rugby app firm backed by O’Driscoll and Nolan

Losses rise at rugby app firm backed by O’Driscoll and Nolan

Losses at Ultimate Rugby, the sports app company backed by Brian O’Driscoll and Ray Nolan, rose from €995,233 to €1.6 million in 2017.

The company made a loss for the year of €642,731, up from the previous year’s loss of €437,936. Accounts for the company show that it owed its creditors €1.6 million at the end of 2017, most of that sum due to Nolan himself.

In the notes to the accounts, it states that “financing facilities during the year...

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