Rose of Tralee to set up new company.

Members of the Rose of Tralee Festival have agreed to set up a new company to run the event into the future. The new company will include directors from Tralee including the Town Council who will invest in it. According to Anthony O Gara who’s behind the restructuring of the event they will be looking for investors to come up with in the region of 300,000 euro to get the new company off the ground.This is an additional amount to the 300,000 pledged to cover the one third offer to pay off the events debts. He says in the future The Rose will be run as a professional festival with proper financial controls and strategic planning. Speaking on this mornings Kerry Today he said in the past it was difficult for a voluntary organization to pay its creditors.