Equestrian body spent more than €650,000 on severance payments and settlements

Four of the seven directors who have stepped down, including former TD Lucinda Creighton, did so due to a lack of support for the current management of HSI.In a statement, Mr Reynolds said “deep divisions” had arisen at board level, which had not been possible to bridge.

Documents seen by The Irish Times show HSI has paid more than €650,000 in staff severance or settlement payments since 2018, as well as spending €400,000 in legal fees on the cases. In total the organisation spent €840,000 in legal fees over the last four years, and a further €490,000 on consultancy fees.

Many of the changes had been in line with previous recommended reforms to overhaul structures within the organisation, he said.

'An internal financial analysis found Horse Sport Ireland (HSI) had spent €2 million in recent years on legal costs, consultancy fees, and payouts to staff members as part of settlements or severance agreements.'

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