Mr. Brendan McDonagh:

I totally concur with the Deputy. I do not know what it paid £15 million for. I saw the committee ask Mr. Neporent that question. He explained what it paid the money for. It wanted to make sure Cerberus had it and stop somebody else getting it. That is Mr. Neporent's view. Does that seem to be an extraordinary amount of money to pay? It does.