Aengus Ó Snodaigh (Dublin South Central, Sinn Fein) | Oireachtas source

I have no intention of delaying the Bill as I would like it passed. First, given this is the section dealing with the tournament company, I find it odd there was no answer as to why the company would be registered in the Isle of Man. Is that contrary to what is proposed, namely, that this be formed and registered under the Companies Act, which I presume relates to Ireland? Nonetheless, the Explanatory Memorandum states it will be registered in the Isle of Man, which I find odd.

Second, there is nothing in the Bill about the profits. How will the profits be divided? Obviously, there will be three shareholders but we do not yet know what the proportion is between the Executive and the IRFU. What determines how that company works that out? How many people will be working for that company?

There are questions to be answered. I will not delay the Bill but the Minister might reassure us as to the logic behind some of it. I understand the aspect mentioned by the Minister earlier concerning the need to have company secrecy while the bidding is going on. However, I see other amendments which propose that the Minister would come before the committees of the Oireachtas on a regular basis to fill in the blanks we will not get to today or on which the Minister cannot give an answer today.

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