Oireachtas Joint and Select Committees
Thursday, 7 November 2013
Public Accounts Committee
Bord na gCon - Annual Accounts 2011
10:50 am
Derek Nolan (Galway West, Labour) | Oireachtas source
I am not an expert on the Irish greyhound industry. I have spent the past day and a half going through information and correspondence the committee has received. I was very surprised at the level of disharmony that seems to exist in the industry, particularly among greyhound owners and trainers. There is considerable concern over the activities of the board and the company it operates, particularly over the headquarters and the stadium in Limerick, and how that went through. Conor Ryan of the Irish Examiner has done considerable work documenting issue-by-issue what happened. On the basis of the reports, which I assume have not been contradicted by the Irish Greyhound Board, it seems that the entire project has gone from one mistake to another. It is therefore very interesting that based on the latest submission from the Department on the board's behalf, and as outlined by Mr. Neilan, the Limerick track came in under budget. It was a project that was anticipated to cost €10 million in 2000, which went to over €20 million and it has come in under budget. Of the €22.7 million the Irish Greyhound Board had in bank borrowings at the end of 2011, which Mr. Neilan indicated did not change in 2012, how much is related to the Limerick stadium?
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