Mr. Brendan Gleeson:

The fact is that there is a €20 million debt overhanging this industry. It went through a recession, which affected it badly, and the business development plans proposed were not sufficient on their own to improve the performance of the industry. The issues people talk about here such as prize money, the development of stadia and the market effort require funding to deliver and the overhanging debt has been a substantial issue, a preventer of progress.