Mr. Brian Kavanagh:

A significant element of the prize fund is contributed by the owners through entry fees and sponsors. It is in the region of 35%, and approximately 65% of the prize fund comes from Horse Racing Ireland. As I said, that serves as a stimulus to encourage horses to be kept in training. The figures on that are positive. Even last year there was a 3% increase in the number of horses in training. On the other side of the equation, 25% of the prize fund goes to the trainer, the jockey and the stable staff involved with the horses. It forms a key part of their earnings.