Mr. Brian Kavanagh:

It was a number of issues. It was decisions that were taken by the board for the long-term good of the project.

For example, some €2.5 million of that figure would be for work on new stable yards and refurbishment of some of the stables. The decision was taken not to build a new stand and then have old stables. There were also issues with building inflation and the nature of the contract with the contractor, whereby the Curragh had to contract not just with the builder but also with the various subcontractors. In the briefing material we sent to the committee, we set out the key elements of that difference.