Oireachtas Joint and Select Committees

Thursday, 19 September 2019

Public Accounts Committee

Bord na gCon Financial Statement 2017

9:00 am

Photo of Shane CassellsShane Cassells (Meath West, Fianna Fail) | Oireachtas source

I will conclude on this question. On the performance of the nine tracks, Mr. Dollard said if they are looked at in the whole, the viability is highly questionable. If Mr. Dollard is looking at the projections for one, two, three, four or five years down the line and if the losses that are being incurred are not arrested, what kind of financial position will Bord na gCon be in five years from now? Given the decline in attendances, in commercial revenue streams and the financial non-viability of a large portion of the tracks, where will the accumulated deficit be? Bord na gCon has taken the money from the sale of Harold's Cross to clear the debt. It has used some of it to improve the stadia across the country but if the losses are not arrested, how quickly will the accumulated deficit come back on the books?

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