Mr. Darragh O'Loughlin:

The IHRB inherited the provision of administrative services for these entities. It is a long custom and practice. They were originally set up over the decades by the Turf Club and when the Turf Club stepped back from regulating horse racing and the IHRB was established, there was a transfer of undertakings and a business transfer agreement so that all of the relevant assets and personnel came into the IHRB at that time. We inherited this role.