Stud Book Sale
The Australian Turf Club will be up against strong opposition from Victoria Racing Club should there be any intention of selling the Stud Book.
Everything is just at the rumour stage but the vibes are getting louder and where there is smoke there is generally fire.
The Stud Book is jointly owned by the former Australian Jockey Club, now the Australian Turf Club, and the Victorian Racing Club, it was purchased back in 1913 from the keeper Archie Yuille, it has never been a financial burden on either of the clubs.
When the V R C’s representative, Amanda Elliott, was questioned about a possible sale, she was adamant that would not happen.
A T C could have a different attitude; they are still staring at a black hole of $60 million relating to the reconstruction of Randwick Racecourse.
If the Stud Book was offered for sale it would be difficult to put a price on it, and would the VRC be prepared to out bid all contenders to gain outright control?
One club to administer four racecourses is a recipe for disaster, at least one has to go, Canterbury would be the most likely choice that would put an end to night racing in Sydney for at least a generation.
The ATC have to find money, it will be interesting which direction they will take, there are not that many options.