Friday, 10 July 2009

Rosehill. Racing clubs seek new merger report

Having reviewed the Ernst & Young’s report, the STC and the AJC do not have confidence that the economic benefit of $21 million per annum is either achievable or sustainable, and have jointly commissioned a fresh report to assess the economic benefits of a merger. The clubs said they agreed to the Minister for Racing, Kevin Green’s, request to consider a merger and approved the commissioning of the report, viewing it as a unique opportunity to properly evaluate the merits of a merger. The clubs were disappointed after committing to the process of a merger review that they were precluded from genuine participation in the formulation of the report.


Region. Two child-care centres sold

A private buyer has purchased a two child-care centre for a total of $3.03 million. One in North Parramatta sold for $2.07 million and the second, in Minchinbury went for $960.000. They were sold on a walk-in, walk-out basis, according to The Australian Financial Review. Jones Lang LaSalle handled the sales.