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Waterhouse Slams AJC-STC Merger Report As "Worth Nothing"

Thursday, 2nd July 2009

Leading Sydney trainer Gai Waterhouse "has slammed the report that recommends the merging of the Australian Jockey Club & Sydney Turf Club" as being "worth nothing", reported The Sydney Morning Herald. Waterhouse (holidaying in Europe) wrote on her web-blog: "Racing does not need a 3rd level of bureaucracy & no business flourishes that is run by bureaucrats. Businesses do well when run by people on the spot who are committed, who know their product & are under pressure to make it work." Waterhouse believes the clubs should "be more accountable to Racing NSW, so everyone can see where the dollars & cents are being spent". She added: "The AJC are there trying to make it work. To think in just a couple of weeks' time they are going to the gallows, it's cruel & wrong. I would have had a better chance of writing the report than the firm (Ernst & Young) they engaged. I spoke to the 2 people compiling the report at Randwick one morning & neither had walked on a racetrack till then. They had no idea about Flemington . . . . . it was horrifying to hear their ignorance about a sport they were about to condemn. The report is worth nothing & should be taken very lightly."

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