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Racing Victoria board survive vote to oust them led by billionaire racehorse proprietor Jonathan Munz


“All the issues which can be there nonetheless must be mounted,” Munz mentioned.

“Andrew Jones must go. I’d count on him to be gone fairly quickly. I hope so, and I’d count on it. I feel that could be a cheap expectation.

Racing Victoria chief executive Andrew Jones.

Racing Victoria chief govt Andrew Jones.Credit score: Getty Photographs

“All the problems that confront racing, when it comes to the errors which can be being made by administration of RVL, stay.

“So you’ve got to hope that the brand new administrators assist the board pivot, and you come to some sense of normality. As a result of we had regular, after which we’ve got had chaos. If you need a return to regular, you want good administration. And that’s all we wish.”

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As CEO, Jones’ future can solely be determined by the board.

Racing Victoria membership teams, which embrace Melbourne’s three main metropolitan golf equipment, voted on 5 separate resolutions on Wednesday calling for the elimination of appearing chairman Hirst and administrators Kate Joel, Paul Guerra, Tim Eddy and Ross Lanyon.

Hirst has already introduced he’s stepping down from the board by the tip of Might. He’s the brand new chairman of AMP Ltd.

“It was a reasonably sturdy defeat – 17 to three – however the 15 [abstained votes] is only a reflection of the very fact that there have been lots of people who didn’t need to be concerned on this course of from the beginning and that’s how they ended up voting,” Hirst mentioned after the assembly.

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The appearing chairman mentioned Jones had the backing of the board.

“In any firm, administration is the duty of the board, and the board alone,” he mentioned.

“Jones has the board’s help as a result of he’s nonetheless right here, however the actuality is that’s not one thing that’s the behest of members. It’s solely a matter for the board.

“It’s a factor the board can have dialogue about, as we do on an ongoing foundation. I don’t suppose there are any urgent points there and we are going to simply deal issues within the regular course of occasions.”

The 35 votes forged on Wednesday had been made up of Melbourne’s three metropolitan racing golf equipment (Victoria Racing Membership, Melbourne Racing Membership and the Moonee Valley Racing Membership) who’ve 5 votes every, Nation Racing Victoria has 10 votes and one other 10 votes are break up between the house owners’, breeders’, jockeys’ and trainers’ associations, in addition to bookmakers and jumps racing.

The end result of Wednesday’s assembly now clears the trail for Racing Minister Anthony Carbines to nominate a board member to interchange former chairman Kruger, who resigned in June final 12 months. Carbines has been offered with a shortlist of candidates by a particular interview panel.

The search will even start for an appropriate candidate to interchange Hirst.

Eddy, a long-time racehorse proprietor, was a former managing companion of Ernst and Younger’s Oceania operations; Guerra, one other racehorse proprietor, is the chief govt of the Victorian Chamber of Commerce and Trade; Joel is a administration and organisational change skilled who served as chair of Racing Victoria’s integrity council; and Mildura-based Lanyon is a former chair of Nation Racing Victoria and is managing director of the Elliott Newspaper group which owns the Sunraysia Each day.

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