Mr. Michael Murnane:

It was an asset that was beyond reasonable use. It was not being operated as a greyhound stadium and had got into a derelict state and although I was not in Bord na gCon at that stage, I was aware of it. Money was not put into that stadium. Therefore, €1.5 million represented a fair price, after significant competition. The sale went through the public process and that was the offer accepted.