Mr. Phil Meaney:

Three years ago, when I was appointed chairman of Bord na gCon, deficits in the executive structure were the first things I recognised. I am not sure for how long the organisation operated without a chief financial officer, but I moved immediately with the board to appoint one. After this, we put a different operating structure in place, although I concede this has taken longer than we initially hoped. The point is that there is a new chief financial officer and that there is a very different structure in place for running the greyhound business than three years ago. This is apparent in the strengths exhibited by those members of the executive present.