Despite the announcement on Tuesday that his Patinack Farm racing and breeding operation is on the marke
Despite the announcement on Tuesday that his Patinack Farm racing and breeding operation is on the market, Nathan Tinkler won't be lost to Australian racing, according to his leading representative, reports The Age.
It says: Troy Palmer, chief executive of The Tinkler Group, said Tinkler was proud of the impact that Patinack Farm had had on Australian racing. He expected the mining magnate would continue to be involved in racing as an owner.
Palmer cited business strategy - the increasing priority of overseas mining and infrastructure projects - as the reason behind the sale. ''Unfortunately he's [Tinkler] moving overseas and it [Patinack Farm] is such a substantial investment that you really need to be hands on,'' he said.
Advertisement ''We've got some pretty exciting projects for the mining and infrastructure base of our business and that is our core; the decision to sell Patinack is purely strategic for the Tinkler Group''He's very passionate about the racing industry in Australia and don't forget that he invested a lot of money [into racing] when people really needed it post EI [equine influenza]. People seem to forget that.
''I don't think he will be ever lost to the industry in full but it will be very much from the aspect of having fun.''
Tinkler was overseas on Tuesday when Patinack's head trainer, John Thompson, broke the news to staff at stables at Randwick in Sydney and Canungra in Brisbane that the operation would be sold within weeks.