Digital rescue plan revealed in bid to halt Harold's Cross stadium sale
Almost €10m in profits could be generated within three years if the Irish Greyhound Board embraced digital technology, owners and breeders have argued in a eleventh-hour bid to prevent the sale of Dublin's Harold's Cross stadium.
Last Tuesday, 50 TDs and Senators were presented with an economic analysis commissioned by the Greyhound Owners and Breeders Association (GOBA), along with their Dublin counterparts (DGOBA), on the future of the sector which employs up to 8,000.
The IGB, Bord na gCon, is in negotations with AIB over the planned disposal of Harold's Cross stadium to pay down some €20m in outstanding debts arising from the construction of a new greyhound racing track in Limerick in 2011.
The 2009 AIB loan involved granting security to the bank over assets held at Waterford, Limerick and Shelbourne Park in Dublin.
Bord na gCon has proposed doubling the number of meetings at Shelbourne Park instead of holding race meetings at Harold's Cross.
However, this idea has been opposed by owners and breeders.
The GOBA rescue plan, filed by marketing consultancy Pietas, says the industry could do more to generate additional revenues, adding that the future of the greyhound racing sector is dependent on having two Dublin tracks.
The report also advocated setting up live feeds from greyhound tracks into certain pubs.
The proposal would see the pubs linked to a phone application where punters could bet on the live feed.
Sunday Indo Business