Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Public Accounts Committee

Bord na gCon - Annual Accounts 2011

10:50 am

Photo of Derek NolanDerek 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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