Ms Geraldine Larkin:

What I was about to say was that those thresholds have not been varied.

There was also a question about whether the board has plans to sell stadiums other than Harold's Cross. The tenet of the document that we will have put before the committee is not so much outright sale at this point. We are committed to supporting all of our own stadiums and all the private stadiums. At the same time, we cannot continue indefinitely, as has been echoed many times here today, to support tracks that are not viable and that are not delivering value for money with taxpayers' money. We have constructed a set of metrics, both financial and non-financial. We will assess each and every track based on those metrics and look at what the various tracks are delivering back to the IGB and, in broader terms, to the industry and the taxpayer. In the short three months I have been here, much of the feedback I have been getting is that staff on the ground are not committed to developing the industry. This gives everybody - the staff on the ground, the local owners and trainers - a role in ensuring the viability of a track is maintained. We will be measuring the financial performance and, entirely apart from attendance, that measurement will also consider the level of sponsorship we can get in and what level of community involvement is attached to each track in terms of benefit nights. Deputy Butler mentioned the benefit nights in Mullingar and there is great work done around the country in benefit nights, with huge amounts of money raised, I am glad to say. On the other hand, the difficulty is that many benefit nights are going back to the same pot of people looking for support. For us the challenge is to ensure, with the local communities as much as anything else, that we can identify different segments and different charities that will benefit on an ongoing basis from interaction with us. It is a very crowded space, no more than any other aspect of our business, in that we face challenges from all sorts of new and emerging charity fund-raisers - Strictly Come Dancing, virtual horse-racing, and many more. It is a matter of making sure that we are out there and focused.

It is crucial that we benefit from local owners in terms of growing benefit nights. Equally, the dog pool in an area associated with a track is crucially important in deciding what we do with it. We will look at all these metrics. We look also at the state of repair of a track and the level of capital investment that has occurred already. Some tracks have yet to be developed, and it would be wrong to put them all on the same level in terms of evaluation. These are the ways in which we will be assessing tracks, because ultimately we must ensure that the money we are spending is benefiting the industry in the best possible way and that we are giving money where it is delivering the most and giving the best return to the taxpayer.

Deputy Butler asked about the arrangements put in place with the bank. There are ongoing arrangements to ensure that our financial liabilities are being met in a timely fashion.