Horseracing body to tell PAC jockey fund transfer was ‘isolated incident’

The Irish Horseracing Regulatory Board will come before the Public Accounts Committee today to discuss financial records. Picture: PA

The body with responsibility for the regulation of horseracing in Ireland says that a financial governance issue of “grave concern” that emerged last year was an “isolated incident”.

The Irish Horseracing Regulatory Board (IHRB) will on Thursday tell the Public Accounts Committee (PAC) that the transfer of €350,000 from the Jockey’s Emergency Fund, a jockey’s welfare charity, to the board’s bank account in January 2022, before being repaid three months later, was the only such issue noted in the board’s banking transactions for that year.