Oireachtas Joint and Select Committees

Wednesday, 6 November 2024

Joint Oireachtas Committee on Agriculture, Food and the Marine

Governance Issues: Irish Horseracing Regulatory Board (Resumed)

5:30 pm

Photo of Michael FitzmauriceMichael Fitzmaurice (Roscommon-Galway, Independent)
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I refer to the jockeys fund. I cannot understand this and I ask Mr. O'Loughlin to explain it to me. The IHRB gets a budget to do its different things for the year. I refer to the amount of moneys that were unforeseen, we will say. I understand the jockeys one, where it was put over because there were cash flow problems, even though it was not the proper process. Then when the money came in from wherever the IHRB was getting the money, it reverted. Explain to me the following. If you get €10,000 to run a house for a year, you have €10,000, so you have to make the best of it. I refer to unforeseen expenses. Where did that large amount for paying the CEO come from? Is it money the IHRB can do without every year?