A $6 million impairment from the abandoned Caulfield Master Plan has driven a near $15 million after-tax loss for the Melbourne Racing Club, despite a record year of revenue.
The club’s annual report, released ahead of the annual general meeting on Thursday, showed positive numbers for key aspects, including membership numbers, which reached 15,700, and overall revenue, which increased to $269 million for the 2024/25 financial year.
But the overall topline number was a $14.7 million deficit, compared to a $8.8 million deficit last financial year.
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