Newspaper article The Queensland Times (Ipswich, Australia)

Ipswich Profits from Stability

Newspaper article The Queensland Times (Ipswich, Australia)

Ipswich Profits from Stability

Article excerpt

THE Ipswich Turf Club AGM was held last Friday and in the subsequent committee meeting chairman Wayne Patch was re-elected for the 10th consecutive year.

The attendance of 140 people to the AGM was the largest in recent times.

Existing members of the management committee were re-elected.

The vacancy left by the recently departed Jeff McLean was filled by the unopposed election of Brian Dwyer.

The newly elected deputy chairman is Brian North and treasurer Liam Tansey was again elected in the remaining executive position.

Remaining members of the management committee are Dr Allan Byrnes, Mayor Paul Pisasale, Dan Bowden, Ray Leschke and Dwyer.

During the AGM, chairman Patch and treasurer Tansey detailed the financial result for the club.

This result was a small profit, placing the ITC on the mantle as the only thoroughbred race club in Queensland to have reported profits for the past six years.

New partnership

DESPITE publicly rejecting proposals from Racing Queensland for many months, the Gold Coast Turf Club has agreed to partner with Racing Queensland after signing a Heads of Agreement late last week.

Gold Coast chairman Andrew Eggleston announced his Board had unanimously decided to recommend its members accept a merger proposal with Racing Queensland Limited (RQL).

Eggleston noted that "we will be recommending our members accept this position when put to a vote, most likely in mid-November."

RQ chairman Bob Bentley said "full detail of the proposed future plans for the Gold Coast would be revealed as part of the industry-wide strategic plan currently being finalised."

"The detail of the Asset Management Plan will be announced in coming weeks, after it's reviewed by the State Government and until then the full GCTC plan must remain confidential,'' Bentley said.

What was announced in relation to the Gold Coast Turf Club was that there will be improved member and corporate facilities as well as an upgrade in relation to racing and training facilities. …

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