Alan Kelly
Ceist:488. Deputy Alan Kelly asked the Minister for Agriculture, Food and the Marine if a bank (details supplied) agreed a write-down on the Irish Greyhound Board’s debt. [15334/17]
Amharc ar fhreagraTuesday, 28 March 2017
Ceisteanna (488)
Freagraí scríofa
Bord na gCon is a commercial State body, established in 1958, under the Greyhound Industry Act, 1958, chiefly to control greyhound racing and to improve and develop the greyhound industry.
The matter raised by the Deputy is an operational question for Bord na gCon.
Bord na gCon has informed me that it has paid down some €2m in bank debt between 2015 and 2016. I understand that circa €1.3m of this total was completed from operational cash flows while the remainder was achieved through the disposal of their former Head Office located on Henry Street Limerick.
I am advised that there has been no write down of debt by the bank. However the Board has recently entered discussions with AIB in respect of the remaining debt due.
Questions Nos. 489 and 490 answered with Question No. 485.