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Kenilworth Racing’s New Property Committee

The Board of Kenilworth Racing (“KR”) wishes to advise that it has appointed a new Property Sub-Committee (“PSC”) under the chairmanship of Robert Bloomberg.

Kenilworth Racecourse (photo: Gold Circle)

Kenilworth Racecourse

Current KR Directors Greg Bortz and Jonathan Snaith, former KR Director Vidrik Thurling, Phumelela CEO John Stuart and Mrs Gaynor Rupert who has graciously agreed to lend her expertise, form the balance of the committee.

The PSC is presently fully exploring all avenues pertaining to the KR properties and flowing therefrom investigating the best utilisation of KR’s assets and the creation of annuity income for the Company.

At this juncture, there has been no Board approval in respect of pursuing any developments on any of our properties.

KR is currently in discussions with our legal advisors and will be consulting with our planners and environmentalists in due course prior to any formal decisions being made by the Board .

Announcements will follow in due course when we are able to definitively report thereon.

  • Press release by Kenilworth Racing on 6 February 2019

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2 comments on “Kenilworth Racing’s New Property Committee

  1. Steve Reid says:

    https://www.comptrib.co.za/assets/Uploads/GoldCircle-Kenilworth/Factual-Witness-Statement-Van-Niekerk-Non-confidential.pdf

    I find it very illuminating that Phumelela have representation on this Property Committee, but there is neither Racing Trust nor Racing Association representation.

    I attended the competition tribunal hearings and some very concrete assurances were given about Western Cape assets, let’s see what transpires.

    1. Editor says:

      “The PSC reports to the KR Board who are the ultimate decision makers. The Co-Chairman of KR, Mark Currie, is Chairman of the Racing Trust so indirectly they do have representation on the PSC. The RA does have direct representation on the PSC as Jonathan Snaith is a Director of the RA.”
      – Robert Bloomberg

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