Mr. Jonathan Hill:

I have just explained to the Deputy that the funds for that particular example came from the value in our commercial rights relating to the men's national team. It was a wholly logically thing for us to do and the sensible thing for the guys who agreed the memorandum of understand to agree with UEFA. The money was paid directly from UEFA through to the Bank of Ireland because you can imagine that the Bank of Ireland, looking at the mess that the administration was before, may have wanted some guarantees and some comfort as to where the money would come from to repay that debt.

UEFA would be one of them. There are other examples relating to the way in which we make our scheduled repayment of debt. On that basis the number would come down from €63.5 million, and indeed it has done. I will now allow Mr. McCormack to go through the detail of the other areas in which that was done.

Could I just make one point to the Deputy on the repayment of debt, some of which came with a very high interest rate? It was wholly sensible for the organisation, as we look to become self-sufficient and sustainable in the future. Particularly with the fact we have won the right to host Euro 2028, which brings financial benefit to us in 2028, while we will have four hard and difficult years up to 2028, we are hopeful that by 2031 we will have paid down that debt.