Mr. Seamus McCarthy:

Obviously, the design of controls where you do have these connected parties or related parties is where we would focus. We have always had a concern about the relationship between IHRB, the Turf Club, the steeplechase committee and these charities. It is very important that there are proper controls in place. I would expect when we see the Mazars report that there may be recommendations around ensuring the controls. The chief executive explained some of the changes the IHRB has made that should prevent a transfer on this scale happening again without it coming to the attention of the chief executive.