Rásíocht Con Éireann is a commercial state body, established under the Greyhound Industry Act, 1958 chiefly to control greyhound racing and to improve and develop the greyhound industry. Rásíocht Con Éireann is a body corporate and a separate legal entity to the Department of Agriculture, Food and the Marine.
Monies from the Fund are provided to Rásíocht Con Éireann (RCE) under certain conditions as outlined below.
- RCE must comply with its obligations under legislation and the various codes, circulars and directives issued by Government and by my Department.
- In addition, RCE must comply with sections 14 & 15 of the Horse Racing Ireland Act 2016 which emphasise the link between funding and delivery on strategic plans, good governance and reporting.
- RCE must not enter into future significant capital commitments without the prior approval of my Department.
- RCE must not dispose of publicly funded assets without the prior approval of my Department.
Decisions on expenditure are a matter for the Board of RCE. However, funding is allocated under the following broad headings for the years outlined below.
Year
|
Current Allocation €m
|
Capital Allocation €m
|
Historic Pension Liability
|
Prize Money% of balance
|
Operational grants to private tracks% of balance
|
Regulatory & administrative costs of RCE and other statutory functions of Bord na gCon % of balance
|
Welfare and IntegrityMinimum % of total Fund
|
2015
|
12.556
|
0.044
|
€853k
|
60
|
3
|
37
|
|
2016
|
14.756
|
0.044
|
€853k
|
60
|
3
|
37
|
|
2017
|
15.956
|
0.044
|
€853k
|
60
|
3
|
37
|
|
2018
|
15.956
|
0.044
|
€853k
|
60
|
3
|
37
|
|
2019
|
16.756
|
0.044
|
€853k
|
60
|
3
|
37
|
|
2020
|
16.756
|
0.044
|
€853k
|
60
|
3
|
27
|
10
|
Spending by RCE on regulation, welfare and integrity measures is set out in its annual reports together with details of specific activities in these areas.