Mr. John Treacy:

We are the diesel. We have a high performance programme that is winning medals and one does not want to cut off the diesel to it. Therefore, we were caught in a bit of a bind. We worked closely with Billy Walsh to ensure the boxers were well catered for and we increased the money for high performance, where it was needed. A new board was also coming in and we placed our faith in it.

We were delighted to see a new chairman coming in.

Our reaction last week was not over the top; rather, we put our foot down. We could not take any more. We were extremely disappointed.