Oireachtas Joint and Select Committees

Tuesday, 23 February 2021

Public Accounts Committee

Horse Racing Ireland: Financial Statements 2019

10:00 am

Photo of Verona MurphyVerona Murphy (Wexford, Independent) | Oireachtas source

I welcome the witnesses and thank them for joining us. Returning to the situation with the Curragh racecourse, some €1.5 million has been reclassified in the 2019 accounts as fixed assets to reflect better the transaction regarding the right to use a suite at the Curragh racecourse for more than 30 years. Why though would the HRI have to pay €500,000 for something to which it has already contributed some €45 million? I ask Mr. Kavanagh to bear in mind that we have a tight timeframe.

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