Mr. Adrian Lynch:

Firstly, I would like to apologise on behalf of the executive board for what is a clear breach of corporate governance for a lack of transparency. When you go to the substantive issue of what has occurred here, and I have looked at this over the past seven days as the chair has asked me to stand up and be the deputy director general, in terms of this particular arrangement or commercial deal, the guarantee and the underwriting of it is absolutely critical. On 7 May 2000, a guarantee was verbally given in relation to the fact that if the sponsor fell out, RTÉ would pay Ryan Tubridy. That is the significant point at the centre of this. In that instance, and when that occurred, RTÉ should have declared Ryan Tubridy's earnings.