Oireachtas Joint and Select Committees
Thursday, 10 November 2022
Public Accounts Committee
Greyhound Racing Ireland: Financial Statements 2021
Alan Kelly (Tipperary, Labour)
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I appreciate that, but the bottom line is that approximately 70% of the fund given to Greyhound Racing Ireland from the tax created by the Government is used to run the organisation. In any scenario, that is lopsided. The only organisation to compare with is Horse Racing Ireland, which spends 35% on the organisation and 65% on the prize fund. I allowed for Covid. The previous figures go to nearly an 80:20 split, while the previous year is a 65:35 split. The point is a large majority of the funding is used for running the organisation rather than for prize money.
Page 28 is on media and other income. There is a sum of €65,500. Why is SIS funding not in this part of the report on media and other income? Page 28 indicates that there was a loss of €1.48 million from racing activities. Why is that not part of this? Why is the spending on SIS not here?