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 thank Mr. Murnane for that. Based on the board's financial statements, the borrowings have reached a level it can no longer manage and it is repaying interest only. A household repaying interest only on a mortgage is in financial trouble. The Irish Greyhound Board is paying interest only until 2016. Is its bank agreeable for that to continue or how is the board managing its debts?
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