Mr. Michael Murnane:

Since 2007 the board has generated surpluses of €23.75 million. Some €3.7 million of these surpluses was invested as capital grants to private stadia. That would be grant assistance to non-IGB lands and stadia and €2.5 million was grant-assisted to the Dundalk project, which was a commitment made by the board in 2005-06. Some €29 million was invested in capital expenditure in those six years, of which €22.2 million related to Limerick. To answer the question, of the loans that were in place, the loans in 2007 stood at €11.1 million and at the end of 2012, the net bank loans stood at €22.2 million. If the Deputy wants to surmise, €11 million was spent on the development of Limerick greyhound stadium and the balance would have been funded from surpluses generated by the board within that period.