Mr. Michael Murnane:

There are three separate aspects to the bank debt of the Irish Greyhound Board, IGB. There is a €12.5 million loan for the Limerick stadium, which was drawn in December 2009. There has always been an overdraft of €12.5 million that has been effectively closely drawn to the limit of each year for the past long number of years. In 2015, AIB required those facilities to be renewed and split the overdraft into what is considered a hard core because it has never fallen below that level. It insisted that IGB take out a term loan of €6 million on that and we still have an overdraft facility of €6.5 million. That overdraft level varies as the year passes.