“Ireland’s national theatre, founded 100 years ago by WB Yeats and Lady Augusta Gregory, narrowly avoided having to turn out the lights and declare insolvency this morning. The entire management board offered its resignation yesterday after a disastrous year in which it managed to lose almost €1m [$1.2 million] into a ‘black hole’ without even noticing. The Abbey has slipped €3.4m into the red and witnessed a battle of egos worthy of Oscar Wilde’s cruellest comedy. Now a report by independent financial consultants has accused the byzantine management structure of gross incompetence.”