Mr. Denis Duggan:

Unfortunately, there is no formal legal agreement. They are things we have discussed with all of the affiliates to document and put together something like a memorandum of understanding or some form of legal basis for the payment to give everybody certainty. That is how we have had the discussion with Eventing Ireland about the next four years. It has largely been driven by custom and practice over the past 15 years. If we go back ten years the contribution from showjumping would have been closer to €200,000 or €220,000 and it has reduced significantly. It is half that at the moment, at €100,000.