Tinkler To Close Warwick Farm Stable
Monday, 6 September 2010:
Patinack Farm chief executive Peter Beer confirmed today that its Warwick Farm racing operations will close in November due to the failure of the AJC to support Tinkler's massive investment in Sydney racing.
Beer fired a broadside at the AJC when he declared the race club had failed to support Patinack Farm since Tinkler made a commitment to stable his horses at the western Sydney track.
“We were assured by the AJC when we signed a lease in 2009 that Warwick Farm was to receive a major overhaul to become the premier training facility in Sydney,” Beer said.
“Despite a $1 million investment by Patinack in the Warwick Farm stables, they and the track conditions continue to be poor.
“The AJC has also not included Patinack in its plans to be housed in the proposed redevelopment of Randwick.
“As a major sponsor and having invested around $200 million in the racing industry over the last two years, Patinack is disappointed that a reasonable and commercial resolution could not be found for all trainers at Warwick Farm so that Sydney's largest training facility could be bought up to the standard expected of other metropolitan tracks.
“Warwick Farm was always going to be a temporary facility measure as the stables we moved into were built to house Randwick trainers during the 2008 World Youth Day celebrations.”
Beer said the horses stabled at Warwick Farm will be transferred to Patinack stables at Hawkesbury, the Gold Coast and Flemington and will remain under John Thompson as head trainer.
“We will transfer our 80 horses to Hawkesbury, Wadham Park on the Gold Coast and Flemington facilities in the short term.” said Beer.
Patinack's current Warwick Farm employees will be offered positions at these stables.
Coal magnate Tinkler has invested a conservative $200 million in the racing and breeding industry in the last three years.
Patinack now owns 800 potential and current racehorses, stallions and brood mares as well as a Hunter Valley stud and the Wadham Park training complex in Queensland.