Results 6,041-6,060 of 11,320 for speaker:Matt Carthy
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: Another important income stream into the sector is television and media rights. Broadly how much money came in to horse racing through that mechanism last year?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: How much of it goes to HRI?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: That works out at approximately 15% of the total allocation. People can figure that out as they wish. What does HRI do with that money?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: There is a renegotiation under way in respect of all of these. Is HRI representing the sector?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: The HRI is the owner of five racecourses and has substantial shares in a sixth. Within the AIR, the HRI is an important voice, as well as being a distinctive voice in the negotiations.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: The HRI is sitting around the table when the AIR is deciding its position and works alongside the AIR to identify a negotiating platform collectively. Is that correct?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: The most recent of those would have amounted to €7 million.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: I have seen estimates that suggest the next package could be worth over €30 million. Is that possible?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: Let me put it this way to give Ms Eade a good opportunity. Does she believe HRI would be deserving of €30 million plus in its position?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: I would expect her to put a figure of €100 million on it to try to get as much as possible. I will move on. A number of racecourses have raised the issue of how the fixture charge applies. A charge per fixture rather than a percentage charge now applies under these arrangements. I ask the HRI to explain the position in relation to the charge.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: HRI gets a payment for each race meet that is broadcast.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: I think that figure is approximately €14,500 per event. Is that correct?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: It is not that sensitive because I have it here in front of me.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: Okay. Is the payment the same for every event?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: Regardless of how much the package might be worth, each racecourse pays the same amount per event or it loses that from what it would have otherwise received.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: Regardless of whether this was paid or not, Mr. Morris is suggesting the racecourses would be receiving the same amount.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: Does Mr. Morris see any mechanism or possibility for the current arrangements to be amended in order to provide a fillip or additional support to some smaller racecourses to ensure their viability and perhaps even to raise their profile?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: I have two very brief questions. In respect of that issue, could Ms Eade indicate whether, regardless of the overall figure, HRI intends to look at it or perhaps to have an independent review carried out on the allocation of money for media rights?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: It could be an independent review. Has HRI tendered for somebody to do it?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Strategic Priorities for Horse Racing Ireland: Discussion (15 Jun 2022)
Matt Carthy: This is my final question. Mention was made of the funding that is allocated to racecourses for capital projects. How much was it worth last year, for example?