Mr. Brendan Gleeson:

We have a copy of the correspondence received. Sanction was granted in the context of approval of a strategic plan from Bord na gCon. In the context of that strategic plan, sanction was sought to increase the borrowing limit. The development of Limerick stadium would have formed part of the plan. At that stage it was a very high level document. Sanction was granted on the basis that if borrowing was increased, there would have been no State guarantee for the money which would have had to be met from Bord na gCon's own resources.