Oireachtas Joint and Select Committees

Thursday, 17 June 2021

Public Accounts Committee

University of Limerick: Financial Statements 2019

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

It did. The witness can state that this morning categorically, so I thank her. The witness has confirmed that advice was received from the consultant who did some negotiating around the deal. Was that consultant on a percentage or was that how payment for consultancy fees operated? In other words, if the site was valued at €1 million, the consultant would get a percentage of €1 million and if it was valued at €10 million, it would get a percentage of that? In this case, in a short period the value went from €3 million to €8 million. Was the arrangement that the consultant was paid via a percentage of the purchase price?

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