Oireachtas Joint and Select Committees

Thursday, 10 November 2022

Public Accounts Committee

Greyhound Racing Ireland: Financial Statements 2021

9:30 am

Mr. John Tuohey:

Okay. The particular figure is with regard to €250,000 in respect of capital debt forgiven. That was the figure that was written off. It is not a figure of €0.5 million. To explain, that particular item was historical debt that dated back to 2012 and 2013 when expenditure was being incurred in the development of the Clonmel stadium. At that time, it received a grant for the works that were being done. There was a shortfall in the order of €250,000 to complete the project. The particular circumstances are that Rásaíocht Con Éireann owns the greyhound stadium in Clonmel. We lease it to a private company called Davis Road Greyhound Stadium on a long-term sporting lease. The money that was spent at the time on that building is in respect of a building that is ultimately owned by Rásaíocht Con Éireann. It should maybe have been structured differently at the time. Having not being around at the particular time, it was probably treated as a loan to finish the job to try to ensure that all the works were completed.

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