Oireachtas Joint and Select Committees
Tuesday, 23 February 2021
Public Accounts Committee
Horse Racing Ireland: Financial Statements 2019
10:00 am
Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source
The Curragh development was touched on earlier. HRI supplied 49% of the funding but wound up with a one third share in it. The Turf Club, which was the owner of the Curragh racecourse, has one third and then there are the private investors.
Does Mr. Kavanagh feel that amount of money is adequate from the point of view of having influence in the Curragh racecourse? HRI put in 49% of the funding but wound up with only 33% of control over the racecourse. Was that a good outcome?
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