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Sale Of Canterbury Track Back On Agenda

Friday, 18th December 2009

Meanwhile the "sale of Canterbury racecourse is back on The Agenda as the push to amalgamate Sydney's 2 race clubs gathers momentum," reported The Daily Telegraph. Sydney Turf Club chief executive Michael Kenny commented: "The chances of a merger between the AJC & STC has been talked about many times previously: there is nothing new about it. But the timing is right because we have a new Racing Minister who is keen to explore this issue, we have a new board of Racing NSW who want to take it forward & the economic circumstances demand all these issues be considered." The newspaper noted: "With the AJC needing at least $200 million to fund the masterplan to rejuvenate Royal Randwick, speculation of a merger with STC has reignited debate about the future of Canterbury. The inner-city racecourse has been valued at more than $400 million & if sold, would provide the racing industry with the funds necessary to spend on improving Randwick & still leave plenty in the bank." To which Kenny replied: "The question is always asked about Canterbury's future & I agree if we are serious about looking into the feasibility of merging the 2 Sydney clubs, then let's put everything on the table, there should be no sacred cows. But let's not just look at Canterbury. If you take into account there are 2 racetracks at Randwick, it means we have 5 metropolitan tracks & another 5 at the provincials. The question needs to be asked: do we need 10 racetracks within about 200km of each other around Sydney?" (Jan 30)

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