Oireachtas Joint and Select Committees

Thursday, 26 November 2015

Public Accounts Committee

Bord na gCon Financial Statements 2014

10:00 am

Mr. Michael Murnane:

The initial fund due from ETS was €120,000. It was a three-year arrangement. That value was over the three years of the timeframe. The initial sponsorship was €120,000. We received up to the value of €71,000 in various deposits as they fell due and the balance was due at or post derby time and it was not paid. We reviewed the sponsorship with ETS and we terminated the arrangement at that stage.