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    €8,000,000 invested, €55,000,000 Return

    November 13, 2009

    Those are the numbers for the Volvo Ocean Race stop over in Galway last June.  The government stumped up the seed money and the region profited hugely.

    The impact was 30 per cent above initial estimates by consultants Deloitte LLP, with €45 million in direct expenditure and €10 million in indirect expenditure in Galway and the west.

    The event attracted a total of 650,000 spectators to the Galway harbour race village and Salthill promenade during the fortnight.

    The spend by spectators and media was twice that recorded at other stopover ports on the round-the-world race.

    More from Lorna Siggins, Irish Times Marine Correspondent here.

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