Racing finds itself in turbulent times. When will the days of apathy and non involvement by stakeholders end?
On Wednesday 15 January 2020, the National Horseracing Authority will hold its AGM at the NHRA HO at Turffontein.
The National Board has resolved to call, and notice was also recently given, of a Special General Meeting to be held on the same day immediately following the Annual General Meeting.
This will be to consider and vote on the proposed amendments to the Constitution as set out in the document titled: “Proposed Amendments to the Constitution of The National Horseracing Authority – January 2020” which can be viewed here.
Regular SP poster Steve Reid writes that there are a few days to go before the NHRA AGM and thankfully for them, once again, the apathy from members is astounding.
He says that this apathy has resulted in racing finding itself in the position that it is in today.
I couldn’t forgive myself for not highlighting some obvious funnies within the financials, and perhaps someone will have the balls to stand up at the AGM and ask.
I will be listing items on a daily basis leading up to the AGM, to do them all on one post would be impossible
QUESTION NO.1
There is a R4 100 00 provision for restructuring costs in the figures. Four Million One Hundred Thousand Rand. Unbelievably there is no explanation as to what this restructuring entails and why in these troubled financial times these are needed.
My second but linked question is was Lyndon Barends given a package and are the costs of that package included in this provision?
Tomorrow we will discuss legal costs that more than doubled in the last financial year.
The more things change the more they stay the same..
Please join in the conversation and have your say – pose your questions on our comments platform.
