Mr. Joe Keeling:

When the new structure is initiated, the racecourse element will be taken out and there will be no other income for the Turf Club, except for what it charges for licences. If it has an income of €1 million for licences and the cost is €800,000, for example, if we take over the administration and reduce the cost to €400,000, we would like to see the saving go back to the people charged for the licences.