Friday, 28 January 2011

Region. ACCC approves turf clubs merger

The merger of the Sydney Turf Club and the Australian Jockey Club needs only to be signed off by NSW Racing Minister, Kevin Greene, after being given the all-clear by the ACCC. An incentive of a $174 million package will be used to refurbish Randwick and Rosehill racecourses. The $150 million renovations to the stands at Randwick will be funded through a deal with the TAB, while the NSW government has provided a $24 million grant for an upgrade to the facilities and access routes at Rosehill. The combined membership of the two clubs will be about 14,000, with about 250 full-time and 200 part-time staff. The name of the meged club is yet to be announced.



Post a Comment

<< Home