In Brief: DCU bailed out subsidiaries at a cost of €9.8 million in 2010

By Aoife Mullen
News Editor

A recent report on audits carried out in third level institutions in Ireland has revealed DCU bailed out two if it’s loss-making subsidiaries in 2010.

Three of DCU’s subsidiaries, The DCU Ryan Academy for Entrepreneurship, UAC Management Ltd. and Invent DCU Ltd., accumulated substantial losses between 2007 and 2010. The report shows DCU bailed out two of it’s subsidiaries in September 2010 at a total cost of €9.8 million.

Read more in the next issue of The College View

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