Failed legal battle to retain independence costs cash-strapped ATC $4.1m
Full story
The Australian Turf Club’s attempt to avoid an administrator appointed by Racing NSW failed, according to recent financial disclosures. The failed legal bid cost the club about 4.1 million dollars. The expense highlights the club’s strained financial position. Officials said the figure reflects the price of the unsuccessful challenge.
The cost of the Australian Turf Club’s failed bid to stave off Racing NSW’s appointment of administrator has been laid bare.