Pádraig Mac Lochlainn (Sinn Fein) | Oireachtas source

Sinn Féin recognises the importance of the horse racing and greyhound racing industries to Ireland and notes the cultural and economic benefits they contribute to the country, as well as the enjoyment they provide to many.Our concern is with the level of funding and the manner in which it is used when we consider far more needy areas where the funds could be used. For example, €7 million would guarantee a school transport place for the tens of thousands of students but a review yesterday refused that. We are talking about multiples of €7 million here. It could be spent on such matters rather than dishing out huge prize money and building fancy bars.

Bord na gCon claims it contributes €500 million to the economy while Horse Racing Ireland claims to contribute €1.1 billion. If they can claim these vast sums of money, how can we justify providing huge annual contributions to both industries which are dominated by very rich owners and trainers? Our citizens - those lying on the streets and on hospital trolleys - deserve better. The Government often talks about priorities; I know where my priority would be in this regard. Corporate governance of both industries also raises questions as highlighted with the reappointment of CEOs against State rules and the building of champagne bars. I have raised the matter of the reappointment of the CEO, as has my party. My colleague, Deputy Martin Kenny, raised it in the Dáil and yet the reappointment stands despite its breaching rules and salary caps. The Minister of State and his senior colleague, the Minister, Deputy Creed, are responsible for this reappointment, for the breaking of State rules and for the continuation of cronyism, which it smacks of.

Given the reasons I have outlined, among many more I could have gone into, my party and I cannot support funding at the level suggested for these two bodies. I intend calling a vote on the matter in recognition of my concern and that of my party. Funding is perilous at the moment and I consider this funding could be used in a manner much more beneficial to the citizens of our State.

Many Senators have voiced their concerns about funding and corporate governance issues in both industries. I hope I can count on their support in the vote.