The reduction of Nathan Tinkler's Patinack Farm operation continues with the news the embattled multi-millionaire is closing the doors on the enterprise's Victorian base. Tinkler Group chief executive officer Troy Palmer told News Limited that despite the announcement Tinkler remains committed to Patinack Farm and the Australian racing industry. "I want to emphasise that Nathan is not going anywhere," Palmer said. "If someone happened to offer him ridiculous money for his racing a
The reduction of Nathan Tinkler's Patinack Farm operation continues with the news the embattled multi-millionaire is closing the doors on the enterprise's Victorian base. Tinkler Group chief executive officer Troy Palmer told News Limited that despite the announcement Tinkler remains committed to Patinack Farm and the Australian racing industry. "I want to emphasise that Nathan is not going anywhere," Palmer said. "If someone happened to offer him ridiculous money for his racing and breeding operation, then of course he would look at it, but the reality is that is unlikely and Nathan is committed to the racing industry. But our business model, in its current form, is not working and we need to make changes." The closure of the Flemington stables adds to the shutdown of the Hawkesbury base late last month. Palmer said a restructure of Patinack's racing and breeding operation will follow.