Magic Millions co-owner John Singleton says his company will work with Queensland Racing Limited (QRL) to ensure its race day and thoroughbred sales remain at the Gold Coast.Singleton said reports in News Ltd newspapers on Sunday of a move to Victoria were premature and the Gold Coast was the venue of choice.However, Singleton said the facilities at the Gold Coast needed a major upgrade and he hoped an $80 million injection by the state government into racing in Queensland would provide the impe

Magic Millions co-owner John Singleton says his company will work with Queensland Racing Limited (QRL) to ensure its race day and thoroughbred sales remain at the Gold Coast.

Singleton said reports in News Ltd newspapers on Sunday of a move to Victoria were premature and the Gold Coast was the venue of choice.

However, Singleton said the facilities at the Gold Coast needed a major upgrade and he hoped an $80 million injection by the state government into racing in Queensland would provide the impetus needed.

"Everyone wants it to stay a Gold Coast event," Singleton told Sky's Racing Retro.

"We had a terrific meeting on Friday with Queensland events and QRL chairman Bob Bentley.

"At this stage we want to stay at the Gold Coast but if the Victorian offer was genuine we would consider it.

"But the Magic Millions works better here, not one of us wants to move."

Bentley said money allocated to the Gold Coast would go into improving the infrastructure at the track and not into prizemoney for the races.

"The infrastructure has to be managed properly for the stakeholders," he said.

"The Gold Coast is a priority."

The $80 million is to be distributed among the three racing codes with thoroughbred and greyhound administrators in agreement but harness racing authorities have not yet agreed to the terms.

Singleton said if the facilities at the track were improved, he and partners Gerry Harvey and Rob Ferguson would finance an upgrade of the sales complex.

The Magic Millions race day on Saturday had $4.6 million on offer with local filly Military Rose taking out the showpiece $2 million Magic Millions Classic.

After a sluggish start to last week's yearling sale, Singleton's Strawberry Hill Stud produced the highest priced lot at Saturday night's session.

A Redoute's Choice half-brother to outstanding juvenile Hasna fetched $925,000 and will be trained by David Hayes for BC3 Thoroughbreds.

The average ended up slightly down on 2008 with South African trainer Charles Laird the leading buyer of overall money spent with his purchase of 10 yearlings for $2.86 million.