Stakes- RA Satisfied With 4Racing So Far
The Racing Association has continued to negotiate monthly with the Business Rescue Practi on stakes
29th April 2021
No Comments
The Racing Association has continued to negotiate monthly with the Business Rescue Practi on stakes
The establishment of a new Operator in the Gauteng region raises an opportunity for a fresh start and to develop the sport of racing further
‘We appeal to all operators and other industry bodies to come together in support of SAEHP in order to find a permanent solution’
Feedback is expected by mid November and a new stakes agreement is to follow
In order for The Racing Association to assert the right of a creditor, an amount would have to be unconditionally owing to the Association
Phumelela, Kenilworth Racing and the Racing Association have announced that minor race stakes in their regions will be increased for the months of September, October and November
The interim arrangement in respect of minor-race stakes for the Highveld, Western Cape and Eastern Cape in June and July has been extended for the month of August
The Board of the Racing Association has announced the appointment of Natalie Turner to the role of CEO with immediate effect
The Racing Operators shall advise on the status of Kimberley in due course
The Racing Association recently announced the appointment of two new members to its board
‘I called the owner and before I could even make the offer he excitedly told me that a certain South African bookmaker had just called 10 minutes earlier to make an offer of R5m’
