EXCLUSIVE: Racing NSW chief executive Peter V’landys and then-chairman Russell Balding held a confidential meeting with the NSW government Cabinet Office to discuss the sale of Rosehill racecourse three weeks before the proposal was made public in December.
The two racing powerbrokers supported the proposal but expressed concerns over the future governance of the Australian Turf Club (ATC) board. They argued that the estimated $5 billion from the sale should be "reinvested to benefit the racing industry as a whole" rather than retained by the club.
The meeting with The Cabinet Office (TCO) in Sydney on November 17, 2023, 19 days before Premier Chris Minns and the ATC announced the “once-in-a-generation” opportunity was being considered.
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