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MRC Appoints Treasurer As New CEO

Friday, 9th August 2013

The Melbourne Racing Club has announced that the position of chief executive has been filled by outgoing treasurer Brodie Arnhold, reports theage.com.au. Boasting extensive experience in the banking sector with Investec Bank, Westpac and Deloitte's, Arnhold has been the MRC's treasurer for the past three years. Arnhold commented via a statement yesterday, "The club has spent the past five years building income streams outside of racing to support our core activities ... we anticipate a strong financial result for the recently concluded season which, particularly when considering that the core business remains loss-making, is gratifying and further evidence that those long-term annuity streams are really starting to pay dividends." He added, "The most important flow-on effect of that will be the tangible benefits to Melbourne Racing Club members, trainers, owners and punters through the significant capital investment planned across our three venues (Caulfield, Sandown and Mornington racecourses) and training facilities in the coming years, as well as a focus on increasing prize money and maintaining the high quality of our racing product."

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