Marc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

-----because it is a multiple of what it is worth. When we consider that we are not long finished with Project Eagle, this would seem to indicate that between Rehab and this particular purchase, we are overpaying. That is something that needs to be noted. I imagine the board would be very happy with €23 million, and I would suspect that the Savills valuation, which is naturally commercially sensitive at this time, is substantially less than that. That is why it will be interesting to see it after Bord na gCon closes its sale.

In terms of a write-down from the bank, does Dr. Brady not believe that at this stage Bord na gCon has a snowball's chance in hell of getting a write-down on the basis that it is in the public domain and it is getting €23 million?