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Jump Assoc Wed Meeting "To Take Control Of Industry"

Monday, 30th November 2009

The Australian Jumping Racing Association declared Racing Victoria chairman Michael Duffy & chief executive Rob Hines have presided over the worst decision in the history of Victorian racing following Friday’s announcement that 2010 will be the last season of jumps racing in that state. AJRA president Rodney Rae said that “under the Duffy & Hines leadership the industry has been plunged into civil war of unprecedented magnitude in relation to the jumping issue. Accordingly, shareholders’ confidence in the ability of the RV Board to manage thoroughbred horse racing in Victoria has been seriously eroded, if not destroyed. Racing Victoria’s management of jumping racing at an executive level has been inadequate, their management of the issues has been non-existent, they are reactionary & lazy, and all of this can be traced back to what we believe as weak & incompetent leadership.” Rae added: “We put a viable plan & marketing strategy to the RV Board for the future of jumping racing with support from shareholders & they have just ignored it. A meeting of shareholders has been scheduled for Wednesday evening. As a collective group we will determine the best course of action for the Victorian racing industry, but the wrong decision has been made & it must be rectified without delay. I have no doubt that RV’s management of this issue will once again bring to the surface other matters relating to the questionable financial management of the industry in recent years & the exorbitant cost structures incurred by RV in comparison to other racing jurisdictions. These matters seriously call into question Duffy & Hines’ capacity to lead the industry through the commercial minefield relating to the wagering re-licensing process among other things. Out of necessity, it may now be the time for shareholders to take control of the industry, thus ensuring our destiny is in our own hands.”

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