Accumulated profits at Katie Taylor’s property firm dip

Accumulated profits at boxer Katie Taylor’s property letting firm dipped to €1.57m last year.

New accounts filed by the Olympic gold medal winner and current undisputed World Lightweight champion’s KT Sports Ltd show that it recorded losses of €45,845 in the 12 months to the end of June last.

This resulted in the firm’s accumulated profits decreasing from €1.61m to €1.57m.

The accounts state that the principal activity of the firm is property letting and until late 2022, the firm also sold Katie Taylor apparel online.

It is the fourth year in a row for the company to record losses and the losses of €45,845 last year follow losses of €85,019 in 2022, €37,724 in 2021 and €46,392 in fiscal 2020.

In the year under review, Taylor provided the Live Nation owned 3Arena in Dublin with its most lucrative night of 2023 with the first bout last May with Chantelle Cameron where the Bray boxer lost the fight but won at the box office with the bout generating €2.08m.

Taylor won a rematch in November of last year at the same venue.

Box office payouts are shared between fighters, promoter and the venue along with ticket seller.

Taylor is in store for another major pay day in July with a rematch against Amanda Serrano which is to be shown live on Netflix.

The cash funds at KT Sports last year decreased from €776,070 to €685,129 while the amount owed to the company by debtors increased from €86,636 to €136,870

The company owns three investment properties with a combined book value of €753,901.

The loss of the past four years at the company followed a number of years of profit – €174,899 in 2019, €37,369 in 2018, €110,075 in 2017, €262,180 in 2016, €250,000 in 2015; €303,931 in 2014 and €180,996 in 2013.

The 37 year old turned pro in October 2016 and provides a home address at Connecticut in the US in company documentation.

Katie Taylor is also a director of the US based KT Sports USA LLC.

Katie Taylor sits on the board of the Bray based KT Sports with sister Sarah Taylor and directors’ pay last year increased marginally from €51,874 to €52,068.

Taylor’s career is being managed by Eddie Hearn’s Matchroom Sports.

Katie Taylor’s sell-out bout at Dublin’s 3Arena in May last year contributed to Matchroom Sports Group recording pre-tax profits of £42.98m (€50.3m) last year.

Taylor is Matchroom Sports Group’s most high profile female boxer and the Bray fighter had two bouts in the 12 months under review to the end of June last that provided a boost to the Matchroom group’s boxing division revenues.

Accounts show that Matchroom Sports recorded revenues of £280.7m (€328.6m) for the year with the directors stating that the group “have again reported strong results for the year”.

Katie and Sarah Taylor approved their company’s accounts on May 16th.

KT Sports was founded in 2009, three years after Katie Taylor won her first gold in the European amateur championships in Poland.

Underlining the fortune that Katie Taylor’s exploits in boxing has produced, the first set of available accounts for the firm, which cover the period from April 2009 to June 2010, show that it made a profit of just €678 that year.