Mr. Michael Murnane:

In 2013, the board increased prize money by approximately 20%. This increase did not result in any extra commercial return for the IGB and was turning out to be less affordable to the IGB. During 2014 it was getting very obvious we would face a substantial loss if something was not done to try to restore prize money back to 2013 levels. The reduced prize money remained into 2015, until the board increased it in 2016 by 20%, which was an increase of €1.2 million. It was increased in 2016.