Club delegates to the Cork County Board have voted unanimously to support the renaming of Páirc Uí Chaoimh under a new 10-year sponsorship deal with SuperValu.
The stadium will be known as SuperValu Páirc Uí Chaoimh with immediate effect after a vote taken at a special meeting of delegates.
The venue is one of the association’s landmarks, named after former GAA director general Pádraig Ó Caoimh who led the GAA for 35 years.
It was previously reported that the naming rights deal could be worth €250,000 per year, but that estimate may have erred on the conservative side.
Páirc Uí Chaoimh was redeveloped in 2017 and has a debt of €30m, which is to be repaid over 25 years.
“Crippling energy costs, along with fixed charges such as rates present major obstacles. Current stadium debt levels, now resting at over €30m, continue to present a major challenge,” said Cork GAA CEO Kevin O’Donovan in his annual report last month.
“2024 will see the return of rugby and concerts to the stadium as it seeks to fulfil a municipal agenda. Such high scale and indeed expensive physical assets simply must be utilised at every part possible opportunity and as we do not have access to a sufficient number of games in our own association, we must look elsewhere at every opportunity.”
