Oireachtas Joint and Select Committees
Tuesday, 23 February 2021
Public Accounts Committee
Horse Racing Ireland: Financial Statements 2019
10:00 am
Mr. Brian Kavanagh:
It is just a classification. A tranche of contributions came from private partners and from HRI, and agreement at the time was that contributors of significant amounts of funding would have access to a suite during the lifetime of the racecourse. That clearly included HRI, so it is purely a financial transaction. It was not like we came in separately and stated that we wanted to buy a suite or a box for entertaining. It is something which is very useful to our subsidiary company Irish Thoroughbred Marketing, because its brief is to promote Irish bloodstock around the globe. The company uses this suite in that context to entertain clients and things like that, but it-----
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