The NSW Govt and some highly-placed execs in NSW racing are copping more than they expected over the proposed merge of the AJC and STC. Latest doubt comes from the NSW Trainers Association. It has written to NSW Racing Minister Kevin Greene expressing 'concerns' about the potential merger. The association insists that it "does not support" the merger "based on the findings of the Ernst & Young report" that was commissioned by Racing NSW. Greene will be livid. He's the man
The NSW Govt and some highly-placed execs in NSW racing are copping more than they expected over the proposed merge of the AJC and STC. Latest doubt comes from the NSW Trainers Association. It has written to NSW Racing Minister Kevin Greene expressing 'concerns' about the potential merger. The association insists that it "does not support" the merger "based on the findings of the Ernst & Young report" that was commissioned by Racing NSW. Greene will be livid. He's the man who's been pushing the merger and the sale of Canterbury racecourse as an instant solution to NSW racing's woes. He may have to think again...or refuse to listen.
And here's another voice raised in opposition. Former STC boss Ralph Lucas says: 'Theproposed merger...appears to be being rushed at an alarming speed, with the NSW Minister of Racing requiring an answer from the clubs within three weeks of the release of the Ernst & Young report....What is the hurry? The Ernst & Young report is highly flawed, with many hypothetical assumptions, and clearly the race clubs deserve much more time to investigate it....The Ernst & Young report states there is an overcapacity of one metropolitan racetrack, and identifies Canterbury as being worth $400 million. This is wishful thinking and unrealistic. Having been a property developer for most of my working life, I believe such a price is unsustainable. Other developers also agree.'