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Bureaucrats Propose Slashing Irish Purses
Irish racing could face a whopping "€16.6 million (A$29,184,296) cut from the money set aside for racing and greyhounds," according to racingpost.com. The suggested cuts were made "by an expert group established by (the Irish) government to identify massive reductions in public expenditure in response to the recession." The group is seeking overall savings "of €105 million (A$184,599,467) within the department of arts, sport and tourism". Responding to the reported suggested cuts, Horse Racing Ireland's CEO Brian Kavanagh commented: "Other than noting the proposals made by the expert body in its report published today, there is really nothing further we can say at this stage." The latest mooted reductions follow falls in 2009 prizemoney of €6.6m (A$11,603,524), down 11% on 2008.