IGB says it can still trade as a going concern

The Irish Greyhound Board has said it can continue to trade as a going concern despite independent consultants delivering a damning assessment of the first year of its survival plan.

It also said its recent statement to the Public Accounts Committee (PAC) that said it hit its first year targets was still accurate, despite the company falling well short of its financial projections.

On Monday, the independent consultants, Indecon, said after 12 months the IGB was already one year behind its schedule. The report said the company’s plan to grow track turnover had not been realised and it should instead look to sell off tracks to pay down its €22m bank debt.