Dáil Éireann Debate, Wednesday - 2 February 2005
283 Mr. McGuinness asked the Minister for Agriculture and Food if the appropriate corporate entity has signed the legal agreement between Punchestown and his Department to protect the State’s investment in the project; if she is satisfied with the progress being made in this regard relative to the financial accounts available; and if she will make a statement on the matter. [2943/05]
View answerI can confirm to the Deputy that a revised legal agreement between the Department of Agriculture and Food and the three Punchestown trading companies was completed on 8 April 2004. I am satisfied with the progress made on this matter.
The corporate restructuring arrangement between Horse Racing Ireland and the Kildare Hunt Club is being progressed by the parties concerned. I am anxious that this corporate restructuring arrangement be implemented as soon as possible. I understand that it cannot be finalised until the question of the existence of a taxation liability is resolved. This is a matter which is outside my control.
