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Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: Perhaps Mr. Walsh is the appropriate person to answer the following question. What plans are being put in place to grow the business and to increase prize money, attendances and so on between now and this time next year and what is the target growth percentage, notwithstanding that a new strategic plan will have to be put in place when the current one expires, which I accept is due to...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: The agency cannot be accused of being recklessly ambitious.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: I get the picture. There is activity going on but no strategy.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: I was quoting what your chairman said earlier.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: Am I correct that the board decision to sell was taken on 23 March?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: To inform its decision, was a valuation sought from Savills in advance?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: Did it advise the agency to adhere to the circular referred to earlier by Mr. Gleeson?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: Did they give a valuation? I am sorry if I am pushing Mr. Walsh a little but my allocated time is running out.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: Funnily enough, I am. Normally, auctioneers advise that they believe it could make between X and Y. If they are required to provide a valuation in writing for, say, a bank, it will be more precise. Was a valuation given to the seven members of the board by Savills to the effect that it believed between A and B could be achieved?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: Can Dr. Brady tell us the valuation?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: Will Dr. Brady be able to give us that information at some point? Will it be publicly available.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: Okay. This is all the same thread. I am sorry for going on. Dr. Brady mentioned that Savills said there was substantial interest from Northern Ireland and elsewhere. Is that not what he said?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: Does Dr. Brady want to change the record?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: He wants to change the record of what he said. That is okay.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: We know the Department of Education and Skills down here does not operate in Northern Ireland. That means there was at least a second party interested in the site. As part of my next question, I would like a quick clarification from Mr. Gleeson. There is a departmental circular which governs the disposal of assets to the Department of Education and Skills if it is interested. It is a...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: The clerk or perhaps Mr. Gleeson can correct me if I am wrong. Circulars are routinely followed because they are the practice but sometimes they are not followed. Is that not correct?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: We got a view. I assume that for Dr. Brady, the word "view" means evaluation by the board. At least, I very much hope so in respect of the decision it made on 23 March. I wish to put on the record that Dr. Brady is going to come back to us with clarification as to what that valuation was. We have established from Mr. Gleeson that this was a circular - the practice, therefore, not founded...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: Better still. Then there was a closed sale process to the Department of Education and Skills governed by a circular enshrined as the practice, not the law, the legislation or necessarily the advice of Savills itself. I ask Dr. Brady whether that is reasonable.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: Go on.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Marc MacSharry: It is not a regulation; it is a circular.

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