The chairman of Irish Rail has confirmed the company sponsored an international fishing competition despite facing strikes and claiming that the semi-state is going broke.

Frank Allen faced accusations at the Oireachtas Transport Committee that the firm had literally put up a "gone fishing" sign during a crisis.

Last month, the Daily Mail reported that 10 European teams had travelled to Fermanagh for the tournament.

Under questioning from Chair Fergus O'Dowd, Frank Allen said it's true.