DIRECTOR Kevin Gordon remained optimistic on Monday night thatthe National Coursing Association (NCA) would continue to operate greyhound racing at The Gardens despite Greyhound Racing NSW confirming it did not intend to renew the club’s licence.
Yesterday GRNSW said racing at The Gardens was not viable under the management of the NCA and recommended cancelling registration.
The governing body, which owns 70 per cent of The Gardens complex, gave the NCA until August 31, when its registration expires, to show cause before a final decision by the GRNSW board.
The recommendation followed a report into the club’s operations by administrator David Lombe, a partner of Deloitte, who was appointed in April and will manage the club until August 31.
The Herald understands the main concern centres on the NCA’s ability to overcome debts of more than $150,000.
Gordon queried some of the figures in the report and remained confident the NCA could prove its viability.
“We have only had the benefit of reading the report over the last 48 hours and already there are some items that the NCA will query as they do not appear to be consistent with the information we provided,” he said.
“The report raised a series of questions which in my opinion we will be able to answer easily.”
Gordon said most of the debt was comprised of “one-off fees” involved in the majority sale of the complex to GRNSW and indicated the NCA had returned a profit of $134,000 for the financial year up to March 31.
“After reading the Deloitte report there is no question in my mind the NCA is a profitable business both now and into the future,” Gordon said.
Greyhound racing at The Gardens, which conducts up to three meetings a week, is not expected to be affected.
If the NCA is unable to show cause another body, most likely The Greyhound Breeders, Owners and Trainers Association, will be appointed to manage the club.
The GBOTA operates about 60 per cent of race meetings in NSW on its tracks at Wentworth Park, Maitland, Gosford, Bathurst and Temora.