Oireachtas Joint and Select Committees
Thursday, 4 May 2017
Public Accounts Committee
Bord na gCon: Financial Statements 2015
9:00 am
Mr. Michael Murnane:
The Deputy must appreciate that we are working in a commercial environment. We understand the requirement for us to be open and transparent and we endeavour to be so as much as possible, but we are working with an independent company that sets requirements about what it is willing to disclose. Since March, we have entered into an extra arrangement with that company that will generate a further €500,000. That will be a fee per race based on what the company is being paid in the UK. There are fewer restrictions on disclosures in such arrangements, but for the initial arrangement, we had to discuss the matter with our customers and ensure they were satisfied.