Alan Kelly (Tipperary, Labour) | Oireachtas source

Let us start off on a lighter note. I know the witnesses have been here for a long time, but if it is any solace to them, another thing was happening relating to a certain leadership race. I am not sure how many eyes are on us today, so the witnesses might be lucky in that sense. I jest.

In 2007, prize money stood at €12.23 million. In 2015, it had declined to €6.67 million, which is a substantial change. In total, in terms of prize money, €30 million was taken out of the industry between 2007 and 2015. Prize money is what makes the industry tick so I genuinely welcome Dr. Brady's comment that it will be increased. I hope all of us have one thing in common, namely, a wish to see the industry survive and thrive.

A proposal was made to renominate Mr. Neilan who had delivered €21.08 million in operating surpluses between 2007 and 2011. We keep seeing the surpluses but really it is just the fund going in one door and partially coming out the other. Ultimately, taxpayers' money is going in one side and coming out the other. In the meantime, a large number of salaries have to be paid and prize money is declining sharply. Prize money is the reason the industry will thrive but it is going south. There is an operating profit, however. As Dr. Brady stated, the operating profit is there because Bord na gCon has to repay its debts and so forth. My impression is of an industry in crisis. We heard in evidence that prize money increased before being reduced again. However, the fact that it is tumbling shows the extent of the crisis.

I will ask some quick-fire questions. From a commercial point of view, was it not crazy to close Harold's Cross stadium on the date chosen? Was it not madness to close the gate on the night in question when St. Valentine's night was approaching, bookings had been made and a large meeting was planned?