Oireachtas Joint and Select Committees

Thursday, 22 June 2023

Public Accounts Committee

Appropriation Accounts 2021
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funding

9:30 am

Mr. Cian ? Lion?in:

The recent strategy document by the FAI, which estimates a capital investment need of more than €800 million over 15 years, is not specifically looking for it from one source or another. In referring to the horse and greyhound racing fund, it points to the benefits that can be achieved by long-term sustained investment in a sector. It points to how the horse and greyhound industry has grown up over 20 years. The FAI makes the argument that a sustained commitment to long-term capital funding in sport can achieve the same for other sports. It did commission a specific piece of analysis more than a year ago on the fund, but while they are parallel, they are not strictly intertwined in terms of what the current strategy is. In terms of that strategy, we would welcome all sports projecting out and seeing what their strategic needs are. At least it shows that the FAI as an organisation is planning strategically for the future, which is positive.