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Online westie

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O.P. « 2007-Oct-17, 06:06 PM »
QRL applauds Governments Gold Coast racing plan

Queensland Racing Limited (QRL) today applauded the Bligh Government for its forward thinking plan to move the process forward to build a Gold Coast racing precinct of truly international standard, through the development of Palm Meadows.

QRL Chairman Mr Bob Bentley said the development would undoubtedly propel the Gold Coast as a major racing and sales destination internationally. 

“The progress of the development going forward now has defined issues to address and our consultants are confident that this can be satisfactorily achieved.  Consultation with the Gold Coast City Council can now proceed as a matter of priority,” Mr Bentley said.

“The assistance of the Treasurer, Mr Andrew Fraser, is gratefully acknowledged as a project of this magnitude can not be completed without a true industry Government partnership. The dedication shown by the Treasurer to the project to reach this stage has been remarkable.

“The project will address issues of the Merrimac floodplain into an attractive ecological system of lakes and open space. Sixty-five per cent of the site will be retained for conservation and water management,” Mr Bentley said.

Mr Bentley further stated that while this was to be a major infrastructure project the racing development could potentially consist of:

  • 2400m turf course proper;
  • 2200m synthetic racing surface;
  • Three (3) additional training tracks;
  • Swimming pool;
  • 1000 on-course stables;
  • An additional 1500 sales stables to compliment the Magic Millions pavilion;
  • Multi-level carpark;
  • Harness and greyhound racing facility;
  • A major entertainment facility catering for 50,000 people;
  • International jockey and training school;
  • Water processing plant;
  • Sufficient infrastructure to host numerous outdoor activities;
  • Equine residential precinct.

 

QUEENSLAND RACING: Media release - 17 October 2007

« Last Edit: 2007-Oct-17, 06:20 PM by westie »

Online westie

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« 2007-Oct-17, 08:04 PM Reply #1 »
Will this cause any long term damage to the Eagle Farm / Doomben saga ?.

Offline vadim

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« 2007-Oct-18, 07:52 AM Reply #2 »
It just reinforces the need for a merger now not later.

A merged entity will be in a far greater position to combat Palm Meadows which in all likeliehood will take 4-5 years to develop totally. By this time the BRC would have transformed the Metro tracks and regained the confidence of the betting public and members alike.

Online westie

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« 2007-Oct-18, 09:39 PM Reply #3 »
BTC chief executive Sean Kelk has suggested that the Palm Meadows track at the Gold Coast was a major threat to metropolitan racing and would lead to the sale of Doombem, furthermore he said if the Palm Meadows track was built it would be "death by 1000 cuts" for his club at Doomben.

Members are due to vote next month on a merger proposal with the QTC.

Offline vadim

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« 2007-Oct-18, 09:46 PM Reply #4 »
Would be interested to see/hear where Sean has said that Westie.

If so, it wouldn't be because of a vested interest would it?

It's the members that finally will have the say not the paid employees.

Offline HorseWithNoName

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« 2007-Oct-23, 10:33 PM Reply #5 »
Gold Coast councillor Bob La Castra says that nobody has ever approached him about the land and it's in his backyard.  There's something about 40% usage limit on the land. Wish I could find the article and put the info here.

That's the trouble with getting old.  You think you remember something about the subject but not sure what or how old it is.  :embarrassed:

Online westie

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« 2007-Oct-24, 09:48 AM Reply #6 »
Gold Coast councillor Bob La Castra says that nobody has ever approached him about the land and it's in his backyard.  There's something about 40% usage limit on the land. Wish I could find the article and put the info here.

HorseWithNoName

This may be the article you read - from the Courier Mail of 22 October by Bart Sinclair:

A CURIOUS sidelight has emerged in the hype around a detailed investigation into the feasibility of a new racing precinct on a floodplain area at Palm Meadows on the Gold Coast.

The State Government and Queensland Racing Limited obviously have held lengthy talks on the project.

But Gold Coast councillor Bob La Castra, whose Division 8 ward includes Palm Meadows, knows nothing of the project.

"Nobody has talked to me or, to my knowledge, the council," said La Castra who contacted The Courier-Mail.

"Under council regulations, currently only 10 per cent of that land can be developed."

We await further announcements by Racing Minister Andrew Fraser.


Online westie

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« 2007-Oct-27, 09:43 AM Reply #7 »
BTC CEO Sean Kelk HAS has resigned his position effective 30 November.

Offline gratlog

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« 2007-Oct-27, 10:58 AM Reply #8 »
Wise move.   It would have to pay a lot of money for me to take anything like that on in this current climate

Online westie

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« 2007-Nov-28, 06:10 PM Reply #9 »
Mary Collier said today after the 72% No vote for merging with Eagle Farm is - The first thing that must happen now, if a merger is ever put up again, is for the QTC to spend some time and money to fully cost a master plan for the redevelopment of Eagle Farm.  Members must have believed that Doomben would be sold.

I'm not on to top of the issue but would have thought a 'master plan' would have been provided by the QTC long before it got to this.

Will the QRL take dates away from Doomben in the short term, I doubt it, will Doomben be sold if the merger happen probably.

As an ex-pat that visits the courses occasionally I think Doomben with it's modern amenities makes for a better social day than Eagle Farm.  Mind you I throughly enjoy Colburg Park at Caloundra, though with one of my daughters no longer living in Coolum the GC will get a bit of a battering..
« Last Edit: 2007-Nov-28, 07:25 PM by westie »

Offline HorseWithNoName

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« 2007-Nov-29, 02:07 PM Reply #10 »
Thanks for finding that article about Bob La Castra, Westie.

With the NO vote winning yesterday, you'd have to wonder what kind of stories are being told to members.  As an outsider, I have heard nothing about Doomben being sold to upgrade Evil Farm.

Is it just a case of everyone being spooked?  No real winners in this.

Online westie

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« 2007-Dec-14, 08:22 PM Reply #11 »

QRL says BTC chairperson merger claims are misleading

Queensland Racing Limited (QRL) chairman, Mr Bob Bentley, has slammed the Brisbane Turf Club (BTC) chairperson and Board for deliberately misleading members in the merger vote.

BTC chairperson Ms Mary Collier is reported in The Courier-Mail on December 7, 2007 page 110 as saying that the decision taken by members was "under the necessary and proper legal process".

However, following rational and measured legal advice Mr Bentley refuted this statement and others made by Ms Collier saying that they are designed to legitimise proceedings.

  • There was no requirement of the Corporations Act 2001 to have a 75 per cent vote. It was not a scheme of arrangement or a reconstruction. The fact that the Club previously tried to introduce a 50 per cent plus one vote supports the correctness of the statement that a 75 per cent requirement did not apply.
  • Neither the Corporations Act 2001 nor the Constitution of the BTC pre-November, 2007 required members to vote on the issue at all.
  • The question needs to be asked, why did Ms Collier leave the members unaware that a simple majority vote of 50 per cent was all that was required to know the members attitude towards the merger?
  • Members were misled into believing that resolution [1] was a necessary part of the process. Resolution [1] was not necessary and should in fairness not have formed a part of the proceedings. The inclusion of resolution [1] was not a requirement of the Corporations Act 2001 or the BTC Constitution. This was a hurdle imposed for personal preservation of a committee under siege and determined to hold office irrespective of the will of the majority.
  • There can be no doubt that members voted in ignorance of the facts as to what was necessary.  The strategy reflected the desperation of the 'no merger' directors.
  • At the meeting, the ‘anti merger’ speaker Ms Collier spoke last, and in doing so launched personal attacks on two directors Mr Pascual and Mr Williams neither of whom were offered a right of reply.
  • The process imposed on the BTC members was legal, but undoubtedly misleading, and has enshrined a situation where a minority controls the will of the democratic majority. In Brisbane's case the future of metropolitan racing has taken a further blow to its credibility.
  • Ms Collier in addressing the meeting stressed the importance of members voting to show democracy at work. Democracy at work did not require a 75 per cent vote.

“In the end "democracy at work", Ms Collier style meant that less than 28 per cent of members are dictating the future of the BTC and Brisbane metropolitan racing, notwithstanding the will of more than 72 per cent of members of the BTC and 84 per cent of the combined BTC/QTC voting membership,” Mr Bentley said.

“A vote of 84 per cent of interested metropolitan racing members should be an undeniable mandate to merge.”

QUEENSLAND Racing media release: December 11


Online westie

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« 2007-Dec-14, 08:24 PM Reply #12 »

Bentley responds to Collier’s comments

Queensland Racing Limited’s (QRL) Chairman, Mr Bob Bentley, today responded to comments by the Brisbane Turf Club (BTC) Chairperson, Ms Mary Collier, in a Media Release and in a letter dated December 13, 2007, to the members of the BTC.

Collier outlined in her Media Release that she had written to Premier Anna Bligh and the Racing Minister, Hon. Andrew Fraser, seeking their help to ensure the impartiality of the racing industry regulator.

Further, Collier outlined that she had written to the membership of the BTC assuring members that the BTC Board had conducted its business in a professional manner and made its decision acting in accordance with the best possible legal advice it could obtain.

“The legal advice received by QRL is in conflict with the advice received by the BTC Board,” Mr Bentley said.

“Clearly the BTC Board has taken a course of action that has suited itself in support of its anti-merger campaign.”

Bentley today, again, pointed to the fact that a strong majority of the BTC membership voted to amalgamate with the Queensland Turf Club (QTC).

“Neither Chairperson, Collier, nor her band of merry men can ignore the fact that 72% of members that voted on the amalgamation issue wanted the merger to occur,” Bentley said.

“This should in itself sends a clear message to Chairperson, Collier.”

In addition to the concerns that QRL has in relation to the conduct of proceedings as they relate to the purported vote to amalgamate with the QTC, Bentley again pointed to the strong majority of BTC members that voted to amalgamate with the QTC.

“When the strong majority of the BTC is combined with the outcome at the QTC in relation to the amalgamation, 85% of the combined membership of both the BTC and the QTC want this straightforward, sensible, much needed amalgamation, to occur,” Mr Bentley said.

Bentley challenged Collier that when taking time out to write to the Premier and the Treasurer of Queensland, that she should also include these facts so that both Hon. Anna Bligh, MP, and the Hon. Andrew Fraser, MP, are provided with the opportunity to consider the real merits of this issue and not a legally sanitised version to suit her needs as a member of a minority group.

For further information please contact QRL Chairman, Mr Bob Bentley, 0419 964 210

 

Online westie

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« 2007-Dec-14, 08:26 PM Reply #13 »

Bentley provides the facts on the merger vote

DECEMBER 14, 2007

The Chairman of Queensland Racing Limited (QRL), Mr Bob Bentley, today outlined a number of concerns he has in relation to the way the Brisbane Turf Club’s (BTC) Board chose the merger vote process, to deliver the outcome it wanted and not the outcome desired by the majority of members.

The facts of this matter are quite simple and they include:

  1. a decision to merge the BTC with the Queensland Turf Club (QTC) could have been made by a majority vote of the Directors of the BTC, without challenge;
  2. the BTC Constitution prior to November 28, 2007, did not require the members to vote on the merger at all;
  3. Corporations Act 2001 did not require a change in the Constitution for a merger poll to be conducted; and
  4. Resolution [1] was not required, with a substantial hurdle for 75% with the condition if Resolution [1] was not carried, there would have been no poll conducted on the merger.

The Special Resolutions state:

image

“On reflection, members should quite rightly feel aggrieved in that the second resolution, which specifically relates to the amalgamation with the QTC, could only have been considered on the basis that the resolution contained at point one was passed with the requisite majority,” Mr Bentley said.

“It is clear that the process entered into by the Board was legally correct, however, I leave racing stakeholders and BTC members to judge for themselves what QRL has forcibly described as misleading.

“Chairperson Collier is treating racing stakeholders and BTC membership with contempt.”

QUEENSLAND RACING media release: December 14

Ends.


Online westie

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« 2007-Dec-21, 09:44 PM Reply #14 »
Brisbane Turf Club and Queensland Turf Club issued with Control Body direction

21 December, 2007

Queensland Racing Limited’s (QRL) Chairman, Mr Bob Bentley, today issued both the Brisbane Turf Club (BTC) and the Queensland Turf Club (QTC) a Control Body direction under Section 34(3) of the Racing Act 2002.

“The BTC and the QTC have been directed to release each party from its confidentiality agreement and provide the Due Diligence reports conducted by each club on the other’s affairs by close of business 4:00 PM Monday, December 24, 2007.”

“The QTC had previously agreed to have its Due Diligence reports provided to QRL, however, the BTC earlier this week, for the third time since August, declined a request by QRL to provide the Due Diligence reports and release the confidentiality obligations,” Mr Bentley said.

“The BTC Board, throughout its anti-merger campaign, continued to point to planning issues and unsatisfactory Due Diligence with the QTC as major issues to a successful merger.

“The Board of QRL, as the Control Body, is entitled to view the Due Diligence reports and should not be hamstrung by a Club hiding behind confidentiality. There is no rationale or logical reason why these reports should not be made available to the Control Body.

“The failure by the BTC Chairperson, Ms Mary Collier, and the depleted Board to provide the Due Diligence, and the conflicting statements of fact arising from the conduct of the Board prior to and at the meeting of November 28, 2007, and subsequently, makes the current circumstances questionable.

“The QTC have offered unfettered access to the Due Diligence reports and have advised that they are prepared to lift the confidentiality obligations.”

Mr Bentley said the Board of QRL are committed to the merger and the formation of a single administration entity for Brisbane metropolitan racing operating two tracks.

A copy of the direction to each Club is attached.

Adobe Racing Act letter BTC & QTC

For more information, please contact QRL Chairman, Mr Bob Bentley, on 0419 964 210.

Ends.

Online westie

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« 2007-Dec-24, 08:34 PM Reply #15 »
QRL  refers matter to Australian Securities and Investments  Commission for its consideration

                       

The Chairman of Queensland  Racing Limited (QRL) today confirmed that it has received correspondence from  Brisbane Turf Club (BTC) Directors, Mr Wayne Purchase, Mr Paul Williams and Mr  Randy Pascual, in relation to the events that led to their purported  resignation from the Board of the BTC.

                       

“A range of matters raised  give rise to serious concerns under Section 1309 of Corporations Act and as such  have been referred to Australian Securities and Investments Commission for its  investigation and any required action,” Mr Bentley said.

                       

“QRL, as the Control Body of  racing in Queensland,  needs to give effect to its role and responsibilities transparently, so too  does the BTC, as a corporation. Complaints of this nature cannot be ignored.”

                       

Mr Bentley confirmed that  both the Chairperson of the BTC, Ms Mary Collier, and the acting Chief  Executive Officer of the BTC, Mr Warren Williams, had been advised of the  course of action taken by QRL.

                       

For further information,  please contact QRL Chairman, Mr Bob Bentley, on 0419 964 210.

                       

Online westie

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« 2008-Jan-10, 06:05 PM Reply #16 »
Bentley  responds to Collier's claim of lack of trust

                       
January 9, 2008

                         

Chairman of Queensland Racing Limited (QRL), Mr Bob Bentley, today responded  to Ms Mary Collier, Chairperson of the Brisbane Turf Club (BTC), and her claims  that the BTC has diminished trust in the Control Body.

                         

In response to a question from Ms Collier, Mr Bentley confirmed that in  relation to the Melbourne Cup, Ms Collier was advised that the date is subject  to an agreement for the day to be alternated between the BTC and the Queensland  Turf Club (QTC).

                         

“In normal circumstances the date would be allocated to the BTC,  however, Ms Collier was advised that the Equine Influenza (EI) crisis had  already necessitated changes to the current race date schedule,” Mr Bentley  said.

                         

“Any fair minded person would recognise that due to EI, the QTC at Eagle  Farm was not given a reasonable opportunity to conduct the Melbourne Cup  meeting in 2007.”

                         

The Melbourne Cup meeting is worth upwards of $600,000 to the  metropolitan club that conducts the meeting and in 2007, due to EI, the QTC  returned a paltry $16,000 profit.

                         

Mr Bentley categorically denied that the allocation of Melbourne Cup day  to the QTC, in the draft of dates which have been circulated, is a punitive  action against the BTC for the failed merger vote.

                         

“The Board of QRL is not about issuing punitive action against any race  club and highlighted that the matter of a merger was an issue for the membership  of both the BTC and the QTC.”

                         

Mr Bentley said the Board of QRL always considers feedback from race  clubs in relation to the allocation of dates and will settle on a schedule of  dates that is in the best interests of the industry.

                          For  further information please contact QRL Chairman, Mr Bob Bentley, on 0419 964  210.                          

Ends.                         


Online westie

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« 2008-Jan-10, 06:12 PM Reply #17 »
Queensland Turf Club Ltd incurs legal fees for failed merger 

January 10
 
Queensland Turf Club
 
Queensland Turf Club Ltd (QTC) Chief Executive, Stephen Ferguson, on Thursday advised that QTC had been invoiced by Queensland Racing Ltd (QRL) for its share of the legal fees incurred during the failed merger process. 

“The total joint costs to the two Brisbane Race Clubs were $350,000, with the QTC share being $175,000.

“It was extremely disappointing to QTC and every other industry stakeholder group that BTC Directors recommended against the merger in the recent ballot.

“The money and time spent by QTC, Brisbane Turf Club and QRL on the merger proposal has been a waste of valuable industry resources,” said Mr Ferguson.

Mr. Ferguson added, “QTC is also extremely disappointed that BTC opposes QTC being allocated the Melbourne Cup Day this year after its turn last year was cancelled due to EI.

“This continued focus on internal club matters reduces the resources that should be spent on issues that advance racing in Brisbane as a whole.

“If Brisbane had a merged club, none of this would be an issue at all. 

“Instead, we would be working together on maximizing the many upsides of a merger,” said Mr Ferfuson.

Online westie

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« 2008-Jan-15, 08:45 PM Reply #18 »
BTC members misled by directors

After considering the Due Diligence reports on the Brisbane Turf Club  (BTC) and the Queensland Turf Club (QTC), the Board of Queensland Racing Limited  (QRL) is firmly of the view that there are no issues that would have prevented  a merger proceeding.

                         

QRL chairman Mr Bob Bentley said the BTC directors representations to  members that there are hidden problems in the affairs of the QTC are false and  misleading.

                         

“The QTC would have brought a significantly greater asset base to the  merger than the BTC, thus the merger was of greater benefit to BTC members,” Mr  Bentley said.

                         

“The Due Diligence conducted by QRL did not reveal that the QTC was in  possession of a secret development plan that was not costed and based on the  sale of Doomben.

                         

“The assertion by the BTC chairperson, Ms Mary Collier, that this secret  plan existed is a misrepresentation to members.
       
  “The Due Diligence report did reveal that there are two issues serious  enough in the accounts of the BTC that will need to be investigated  independently of the merger by QRL.

                         

“These issues in no way would have had any affect on the merger.

                         

“QRL believes that the merger should have proceeded in the best  interests of the industry and the conduct of the anti merger directors has  squandered the immediate future of Brisbane  racing.
      
  “Ms Collier and her anti merger directors will in the future find it  extremely difficult to justify their actions,” Mr Bentley said.

                          QUEENSLAND Racing media release:  January 15                          

 

                                                                       

 



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