Pre-tax losses continued to mount at the firm that operates Bord na gCon’s controversial Limerick Greyhound stadium in 2013, figures show.

The Public Accounts Committee is today focusing on mismanagement of public money in relation to the purchase of lands for Limerick Greyhound Stadium.

The public spending watchdog has criticised the outlay on a €21m greyhound stadium in Limerick, which has significantly increased the debt owed by the state body that oversees greyhound racing.

The State body responsible for the greyhound industry doubled its debt while developing a €21m stadium in Limerick, a project described by the public spending watchdog as, "at best, a marginal commercial proposition".

In an announcement made yesterday afternoon at Harold’s Cross stadium by Minister of State at the Department of Agriculture Tom Hayes, it was revealed that the Irish Greyhound Board has signed a five-year partnership with Dublin Coach, a deal which includes sponsorship of the Puppy Derby at Harold’s Cross.

Bord na gCon would like to comment on and totally refute key misinformed points as presented by the Irish Examiner edition on Tuesday, May 8.

Over €5m was overspent building the headquarters of the Irish Greyhound Board (IGB) after a series of casual business deals backfired.

Due to the weather conditions, greyhound racing has been cancelled tonight in both Shelbourne Park and Limerick Greyhound Stadium.

GREYHOUND racing crowds fell sharply by over 20% last year, but the Irish Greyhound Board believes that the worst of the decline may be over.