Rosehill. Merger talks between STC and AJC

The Australian Jockey Club has embraced pursuing all avenues involved in merging with the Sydney Turf Club in a bid to secure the financial future and prosperity of metropolitan racing, according to The Sydney Morning Herald. AJC CEO, Norman Gillespie said the racing industry “needs reform … the industry’s funding model is breaking down,” he said. An independent body would examine the merits and pitfalls of such a merger and report back in 12 months’ time.