Results 1,341-1,360 of 20,048 for speaker:Brian Stanley
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: The share now owned by HRI is around 35%.
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: That seems like a mismatch. It is running at a loss. HRI is taking a loss. The public purse is taking a loss. The loss recorded in 2022 was €1.4 million. Is that right?
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: There is a loss of €1.4 million in that year. We are not examining the accounts for 2023 but Ms Eade might be able to help in that matter regarding how 2023 panned out.
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: It seems a fine facility, from having driven past it, but have not had the pleasure of visiting it. The loss is nearly €3 million in two years.
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: I was always curious about the arrangement whereby the State invested in this public-private partnership with a number of racehorse owners. Will Ms Eade outline for the meeting the structure of the ownership of this? HRI has a 36% share.
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: Who owns the place? Keep it simple.
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: Mainly from the horse industry?
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: How many?
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: The State seems to have put an inordinate amount of cash into this.
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: As the body signing the annual cheque, and bearing in mind the State, through HRI, has slightly more than a 36% share in it, despite putting in 50% of the overall cost to date, which was €92 million, if in a two-year period there is just shy of €3 million of a loss on the investment, obviously Ms Eade will have had projections done, or Ms Rudd, as the finance person, will have...
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: The board, I am sure, asks questions about what way the graph is likely to run over the next five years. Tell us what happens.
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: It is one of the issues on the agenda for today's meeting. Ms Rudd, what is likely to happen over the next five years? I know you cannot predict the future. There could be another Covid situation or there could be anything. Assuming everything works out okay and there are no major catastrophes, what is likely to happen? What does the projection look like in terms of further losses?
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: You are the people handling the public money. In terms of the impact on your finances going forward, what way does it look in terms of the loss incurred by HRI on the public investment?
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: Is it in the region of €1.4 - €1.5 million or more?
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: Do you expect a sharp reduction over the next three to four years?
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: Exactly. How often does HRI receive performance reports from the Curragh Racecourse Limited?
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: I know that.
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: Monthly. That is the answer I was looking for. Okay. I will let members back in again. They can take five minutes each if they have some questions left over. Deputy Catherine Murphy is first.
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: I ask her to respond very cautiously on these individual matters.
- Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board (20 Jun 2024) Brian Stanley: Yes, I do not expect-----