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Owners Urge VRC To "Cut Its Own Fat Not, Prize-Money"

Thursday, 24th May 2012

Meanwhile the Victoria Racing Club's decision to cut prize-money in 30 feature races "has sparked condemnation from Jonathan Munz, chairman of the Victorian Thoroughbred Racehorse Owners Association" reported The Herald-Sun. Munz criticised the VRC for "failing to consult owners, trainers & jockeys" & emphasised the move would be "a major backwards step". Munz noted: "It sends the wrong message & undermines all the efforts made to improve & promote racing. It directly undermines racing participants such as owners, trainers, jockeys & breeders & the thousands of people directly & indirectly employed in the industry. These sorts of attitudes & actions feed into a slippery slide of reduced participation, reduced betting turnover & reduced industry revenue." Munz said prize-money cuts "produced poor results from clubs", adding the industry "should not be paying for the VRC's failure to properly manage its overhead structure which is widely regarded as containing way too much unnecessary fat & waste".

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