The proposed merger between the Auckland and Counties Racing Clubs has taken another positive step this month with the signing of a memorandum of understanding.
“Feedback from members and the wider industry on the proposal has been positive with many expressing support for the potential of the new club to deliver a sustainable future for racing in the Auckland region,” the clubs said in a joint statement.
“Over the last month we have continued to develop the proposal and a non-binding memorandum of understanding (MOU) on the amalgamation has now been signed by ARC and CRC.
“The MOU sets out the broad parameters of the proposed amalgamation, key objectives, and suggested approach from here. It is non-binding and remains subject to board and member approval.”
The Clubs added that continued talks with the Avondale Jockey Club and their involvement with the new amalgamated club remain positive.
“Discussions with the Avondale Jockey Club (AJC) on their involvement with a new amalgamated club have also been positive,” the clubs said.
“We expect these to progress further in the New Year.
“Overall, we are pleased with progress that has been made in recent weeks and the response from our collective membership to the amalgamation proposal.
“A good framework has been developed and we are optimistic about progressing this in a substantive way early in 2021, including members forums at both clubs.”
