Competition Tribunal approval

Looking ahead into the future after this eggciting announcement, I am wondering now where we fit in this all-weather track that is so crucial to us not losing additional meetings to rain and snow?

Also to utilise maximum of our assets, what will disappear from the tracks who knows, crystal balls what say u?

A dampener!

The other party/ies have 20 days to put in an objection to the ruling.

The fat lady doesn't seem to have sung yet!

:S

Flash Harry Wrote:

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> I am sure captain snoek is happy now let us hope
> it improve the shit cape racing


Flash Harry, your comment is again offsides, but hey, i suppose the clanners are used to it by now.

On the other thread about Dumpy, you are crying for clanners to drop things and move on, cos of different opinions, but you still come up with crap comments like this? You like contradicting yourself and clearly like your bread buttered on both sides.

Good luck to you......and that's where i will leave it.

j

i

Flash Harry Wrote:

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> I am sure captain snoek is happy now let us hope
> it improve the shit cape racing


U saying the horses are shit or the facilities are shit or jockeys shit or trainers shit or owners shit or turnover shit or.....?

WESTERN EXPLORER Wrote:

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> Flash Harry Wrote:
>

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>

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> > I am sure captain snoek is happy now let us
> hope
> > it improve the shit cape racing
>
>
> U saying the horses are shit or the facilities are
> shit or jockeys shit or trainers shit or owners
> shit or turnover shit or.....?


Historically, not viable financially and has had to be subsidised.................. and "P" management is percieved to be the solution.........................You don't get much shitter than that..................lol

From the sportingpost website


Following our report which broke early on Thursday morning last week, the Competition Commission has released this interim report.

The Competition Tribunal has conditionally approved two related mergers which together result in the sale of Gold Circle Pty (Ltd) assets and operations in the Western Cape to the Thoroughbred Horseracing Trust (“the Trust”).

This approval is subject to the condition that there are no merger specific retrenchments within 2 years of the date of the transaction.

The transaction structure is such that the assets and operations are sold to Kenilworth Racing first, with the shares in Kenilworth Racing then being sold to the Trust. Kenilworth would then conclude a managing agreement with Phumelela Gaming and Leisure.

In reaching this decision the Tribunal found that it was unlikely that the transaction would result in a substantial lessening of competition in the horseracing operator and sports betting markets.

The Tribunal, however, agreed with the Commission that the transaction, together with the additional agreements was likely to result in Kenilworth Racing not acting independently of Phumelela Gaming and Leisure.

Furthermore, the Tribunal agreed with the Commission that the Western Cape ‘division’ of Gold Circle did not meet the requirements of the failing firm defence.

In its reasons the Tribunal will consider the competition consequences of the present regulations governing the market and will discuss whether, notwithstanding such regulation, there might still be possibilities for sector regulators to allow competition for the market. Full reasons in the matter will follow in due course.

Flash Harry Wrote:

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> boys please. the cape racing is in the trouble
> why? the big race they are TOP class and yes I
> agree the TOP horse many they from the Cape. WELL
> DONE CAPE ! (tu) now we calm down let us talk
> durbanville racing let us talk out of the season
> racing. the meeting can not even fill the fields
> and the draw is done after acceptance? boys do
> not mis understand flash, i like the met and the
> queens plate and the big race in cape, the rest is
> no the same as joburg dont argue the proof of the
> pudding is their for all to see the turnover is
> less than pe for gods sake why you argue

And as PE grows in stature you still want the Voice to be the same as it was 20 years ago.

y

Flash you are proof that age does not equal wisdom