Greyhound body warns of funding issues at tracks

The chief executive of the Irish Greyhound Board has warned that the body cannot keep funding tracks which are not giving a return on money spent.

Geraldine Larkin sounded the warning in the IGB’s just published report for 2013, which shows that the body responsible for the regulation of the sport in Ireland slipped into the red that year, with pre-tax losses amounting to €171,744.

That performance represented a negative annual swing of €479,813, as it followed the IGB recording a pre-tax profit of €308,069 in 2012. The IGB’s net debt at the end of 2013 stood at €21.8m. A note attached to the accounts stated that its credit facilities are to expire at the end of 2016 and are on an interest-only basis.