Oireachtas Joint and Select Committees
Thursday, 17 June 2021
Public Accounts Committee
University of Limerick: Financial Statements 2019
9:30 am
Brian 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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