Gold Circle betting demerger

 
Members of Gold Circle Horseracing and Betting have voted overwhelmingly in favour of all the Resolutions which give effect to the “demerger” between KwaZulu-Natal and the Western Cape and the restructuring of the respective regions.
 
The well attended special general meeting of the company, which  took place on Monday, 14 November, was held simultaneously via video conference between Greyville Racecourse and Kenilworth Racecourse.
 
The demerger will see the parting of the ways between the KwaZulu-Natal and Western Cape racing regions and, if all goes according to schedule and all conditions precedent are met, the final split will take effect on 1 April 2012.
 
Pending the adoption of the Racing Association’s constitution at that time, Members in the Western Cape agreed to an interim constitution to facilitate the running of the region’s affairs while at the same time Members in KZN also approved a new constitution for Gold Circle and the three former KZN turf clubs, namely the Durban Turf Club, the Clairwood Turf Club and the Pietermaritzburg Turf Club, will be amalgamated into the newly named Gold Circle Racing Club.
 
In closing the meeting, the Chairman of Gold Circle, Robert Mauvis, reminded all members of the need for the sport of horseracing to remain vibrant and sustainable in all established regions of the country and wished the Western Cape well into the future, pledging Gold Circle’s full co-operation at all times.
 
In response Vidrik Thurling, Chairman of the Western Cape Racing Board, echoed Mauvis’ sentiments stating that the welfare and growth of the sport of horseracing was a common goal which had to be pursued vigorously by all stakeholders working in harmony.
 
ends
 
Issued by:
Graeme Hawkins
Chief Operating Officer, Gold Circle (Pty) Ltd.
 
 
 

tx for the update.

Thanks Scotia...personally I'm glad that Cape Racing will be on its own again.

Well lets hope that Cape Racing starts with a dramatic increase in the stakes..as well as the number of meetings

Hotline is quite excited about Cape racing in the coming years (tu)

the brain power is certainly in the western cape and they will pull through these difficult times as for natal they have everything going for them bar leadership and will self destruct if the same leadership stays in control

Not quite excited ,extremely excited.Huge plans in the pipeline...as i said a while ago lets let the dust settle and then get the train back on track.....we will start with a fantastic summer season and then a great Premier sale in Jan....

Does that mean some spare stables as Clairwood coming up due to a trainer moving to the Cape Pirates?