Results 4,941-4,960 of 10,791 for speaker:Matt Carthy
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: The Turf Club owns 33% of the Curragh Racecourse. How much money did it have to put towards that to get the 33% shareholding?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: It provided the land and essentially-----
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: It held on to its voting share.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: Ms Eade has touched on this. It provided the land, the racecourse.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: Who owns the racecourse, the land?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: So, the Department of Defence owns the land. The Turf Club has a lease, and that allowed it to get a 33% vote. That is a fairly good deal for it, I would have thought.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: In terms of the breakdown, it appears that somehow a very strong effort was made to ensure the ownership and voting structures meant the Curragh Racecourse would essentially not be accountable to the Comptroller and Auditor General, for example. The Department of Agriculture, Food and the Marine was part of all this and funded a lot of it through various means, so I wish to ask its...
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: The 2016 Act.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: I am talking specifically about Curragh Racecourse. Since the Department approved substantial capital expenditure on the racecourse, is there a reason that the Department, when engaging with all the parties, did not put in place a system whereby the racecourse would be a body that could be audited by the Comptroller and Auditor General?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: One which is predominantly funded by the Department of Agriculture, Food and the Marine.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: My question is whether there was a reason. Is it not true that capital grants were also provided by the Department?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: Considering all that, the substantive amount of money invested in the project and the fact that the racecourse is built on public land, why is it that there is no public accountability mechanism for the racecourse?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: Does Mr. Blake not accept that we are now in a convoluted situation? HRI is providing convertible loans that may in turn be converted into shares, which, according to the accounts we have seen, is likely to be the case. There is an exemption in relation to freedom of information requests because of the structure that has been put in place. Since that time, has either the Department of...
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: Mr. Blake might remind us of how much was allocated to the horse and greyhound fund for this year.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: That is just the HRI element of it. How did the Department arrive at that figure as an appropriate allocation?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: This is a unique scenario in that two separate organisations have their financial allocations tied together because the horse and greyhound fund is approved on the back of a proposal by the Minister of Agriculture, Food and the Marine and his Department and is then divided 80:20 on an annual basis. Could the Comptroller and Auditor General tell me whether there is any other situation where...
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: Mr. Blake just spoke about how organisations make their financial pitch. On any given year, HRI might make a fantastic pitch that would warrant additional funding while in other year, Bord na gCon might do the same but either organisation will rise or fall on the back of what has happened somewhere else. It does not appear to be a very appropriate way of expending public money.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: But statute can be changed.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: It is further complicated by the fact that HRI gets an allocation and it is then a matter for HRI to make another allocation to the IHRB, which is a separate board. The body that is essentially being regulated is responsible for funding its regulator. Does Ms Eade see any difficulty in that scenario?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020 (22 Sep 2022) Matt Carthy: I am very short on time. Is Ms Eade saying that essentially what the IHRB gets is a proportion of HRI's budget?