David Cullinane (Waterford, Sinn Fein) | Oireachtas source

I had asked Mr. Creed earlier and he said they had been significantly weakened. He was the one who said that. We all live in the real world. If an organisation has a debt of over €20 million that is a real issue the bank has to deal with. If it wipes out its debt, it is an issue the bank does not have to deal with. Whatever negotiating hand Mr. Creed believes he has, once a decision is made to sell Harold's Cross, everybody can see that the Irish Greyhound Board's negotiating hand in terms of getting a bank write-down is significantly weakened. Saying that is not to weaken its hand, it is just a fact. It is a reality and Mr. Creed has already accepted that. I will move on from that.

It is remarkable that the valuation again hits the bull's-eye here. It essentially completely wipes out the debt. The valuation of the land is almost identical to what would be required to wipe out the debt. Can Mr. Gleeson see why that would at least solicit questions from us on the Committee of Public Accounts?