Daily News Archive

Search nearly 75,000 unique Daily News articles.

Daily News Subscription

Racing Vic Says Owners "Trying To Undermine Integrity"

Monday, 20th December 2010

Racing Victoria has accused the Victorian Thoroughbred Racehorse Owners Association of "trying to undermine the integrity of its board by pressuring RV to double the corporate bookmakers tax to 20%" reported The Herald-Sun. RV chairman Michael Duffy "has penned a blistering reply" to last week's publicly-released letter by TROA chairman Andrew La Fontaine to RV chief executive Rob Hines, in which La Fontaine claimed Victoria "risked losing $8.5 million in the next 6 months" while conducting a review of the racefields product fee, unless it instituted the change. Duffy declared the RV board was "outraged" by TROA's demand & said while RV's constitution provided rights to members such as TROA, it did not extend to "issuing directions" or "trying to intervene in the board's business activities". Duffy said the TROA letter was "unhelpful" as the board was reviewing the product fee & noted: "We consider your approach on this matter fails to respect the board's independence & seeks to undermine our charter. This will not occur."

« Previous
Return to
20th December 2010 News
Next »