The Chairman of Let’s Do It Global has said he is “not ruling anything in or out” in relation to funding from Government to cover outstanding debts from last year’s Volvo Ocean Race.
Hopes that further funding of €300,000 would be provided to meet an unexpected shortfall in the company’s accounts were dealt a blow in recent weeks, when the Department of Transport issued a statement saying it was “not in a position” to allocate the money.
Despite earlier conflicting reports, a spokesperson for the department confirmed that “no sanction” had been made for the funding, adding that the Volvo Ocean Race had already received “the largest single grant” from Fáilte Ireland for an event in 2012.
However, LDIG Chairman John Killeen told the Galway Independent this week that the organisation was currently “seeking clarification” in relation to the Government dig-out and could not make any comment until further information was provided.
It is understood that television personalities Dara Ó Briain and the Aprés Match group, musicians Steve and Joe Wall of The Stunning, and several local businesses are among those still owed money from Let’s Do It Global for services rendered during the event.
LDIG has blamed the shortfall in the company’s accounts on increased costs related to adverse weather conditions and additional security needed to facilitate the large attendance at the event.