Oireachtas Joint and Select Committees
Friday, 18 September 2020
Special Committee on Covid-19 Response
Covid-19: Impact on Team Sport in Ireland
Mr. Tom Ryan:
In the course of a normal financial year, we would expect to divert between €12 and €15 million in cash directly to counties and clubs and that is what we had planned to do at the outset of this year. Hopefully, that figure will turn out to be €4 million, which is a substantial reduction. Mr. Browne referred earlier to the prospect of borrowing looming for the IRFU. That €4 million will be funded, at least in part and possibly substantially, by a borrowing programme that we have already undertaken. We started that work last week.
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