Oireachtas Joint and Select Committees

Thursday, 24 November 2022

Public Accounts Committee

Financial Statements 2021: National Lottery Fund

9:30 am

Mr. Derek Donohoe:

I think the issue is that there is a capital structuring, which is a matter for the operator and the shareholders. They have structured the company. To follow the logic, they could have provided all the moneys by way of loans, provided a higher interest rate and wasted more money, but that is not what they have done. They have chosen to have a mixed-----

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