Greyhound boss defends plan to sell off Dublin track
Keeping Harold's Cross Stadium open does not make commercial sense despite its profits of €280,000 in 2015, the Irish Greyhound Board (IGB) has said.
In a stark warning, the IGB told the Public Accounts Committee that it is dealing with a serious financial burden that could lead to the cessation of racing nationally unless changes are made.
The board is facing criticism over the decision to sell off Harold's Cross, but chairman Phil Meaney said "the market isn't big enough for two tracks on similar nights".
"The decision to sell Harold's Cross is not solely predicated on its potential value to the IGB or its contribution to the resolution of the debt issue, but is also based on the fact that it is two miles from Shelbourne Park stadium. It doesn't make commercial sense," he said.
It emerged that the multi-million euro sale of Harold's Cross took place without any tendering process and without any attempt to seek bids on the open market. Officials admitted the situation during a Dáil meeting over the repeated failures by the group to ensure its financial stability due to a damaging €20m national debt.