Business Irish

Saturday 21 October 2017

Harold's Cross Stadium to be sold to Department of Education for €23m

Harold's Cross Greyhound Stadium. Photo: Caroline Quinn
Harold's Cross Greyhound Stadium. Photo: Caroline Quinn
Louise Kelly

Louise Kelly

The Irish Greyhound Board (IGB) will sell Harold's Cross Stadium to the Department of Education for a €23m price tag.

According to a statement from the IGB, the sum offered for the six-acre site in Dublin was "in line with the market valuation".

The IGB closed the stadium in February of this year as it struggled with large debts related to the construction of Limerick Greyhound Stadium.

The agreed deal was revealed earlier this month - but the amount agreed upon was not mentioned at the time.

The proposed sale is part of the implementation of the Indecon Report, which was commissioned by the Government and published in 2014.

The €23m offer is subject to the approval of both the Minister for Agriculture and Minister for Public Expenditure and Reform.

It is understood the site will now be available for new schools in the area.

A protest by the Dublin Greyhound Owners and Breeders Association at Shelbourne Park Stadium has meant no racing in the capital city for the last three months.

The Irish Greyhound Board has said the dispute was costing the company €30,000 a week while greyhound owners have lost €200,000 in lost prize money.

The windfall from the Harold’s Cross sale will help cut debt at the semi-state and is expected to signal the end of the dispute.

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