Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Public Accounts Committee

Bord na gCon - Annual Accounts 2011

11:20 am

Mr. Adrian Neilan:

Also, in 2008 one of our tracks in Youghal was losing €20,000 per annum. Owing to current economic conditions, this stadium is currently losing €80,000 per annum. I am comfortable saying that if Limerick had not been developed, the Deputy would be asking me today what we propose to do about the stadium in Limerick that is losing €450,000 to €500,000 per annum. In the worst economic climate for discretionary spending we have a stadium that is fit for purpose, attractive from a customer perspective, is showing a cash flow turnaround of €300,000 and will grow going forward, notwithstanding the international commingling opportunities that Limerick will present on a Monday night.

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