$600 in Bonus Bets
Get your first bet matched with up to $600 in bonuses*
$500 Matched Deposit
Sign-up, deposit $500 & receive $500 in bonus bets. That's $1000 to bet with!*
Deposit $250, Bet with $550
Sign-up, deposit $250 & receive $300 in bonus bets. That's $550 to bet with!*
500% Deposit Bonus
Sign-up, deposit $20 & receive $100 in bonus bets. That's $120 to bet with!*
$500 Matched Deposit
Sign-up and get your first deposit matched with up to $500 in bonus bets*
*Conditions Apply. Excl VIC, NSW, SA & WA. Gamble Responsibly
*Conditions Apply. Excl VIC, NSW, SA & WA. Gamble Responsibly

Australian Turf Club chief executive Darren Pearce is committed to working with Nathan Tinkler’s Patinack Farm to help maintain the viability of the embattled operation’s racing business.

A report in News Limited publications on Thursday revealed Sydney and Melbourne race clubs had held back hundreds of thousands of dollars in prizemoney won by Patinack Farm horses to offset the operation’s racing debts.

Pearce confirmed the ATC had struck a deal with Patinack Farm whereby prizemoney won by their runners would be used to counterbalance monies owed to the club.

“We’ve agreed to an offset arrangement with them to offset prizemoney against some debt,” Pearce said.

“The debt was cleared for a period of time but obviously they’ve got ongoing training and sponsorship commitments and they need to keep winning prizemoney for that arrangement to work.”

News Limited reported that at one stage Patinack Farm owed the ATC almost $190,000.

Pearce would not confirm if that figure was correct and said such details were confidential, however he did confirm it was “a substantial amount of money for us to take the offset action, but we’ve done that and we’re moving forward”.

Patinack Farm’s Sydney operation is based at Randwick under head trainer John Thompson.

Thompson produced exciting filly Nechita for a Group One win at Flemington during the spring carnival and when questioned about his boss Tinkler, Thompson became visibly emotional.

Thompson later revealed on Sydney radio that the stables’ horses had been forced to go without feed due to the operation’s inability to pay for it.

He also confirmed Patinack had been given its marching orders from a private training facility at Hawkesbury because of rental arrears.

Only last month they offloaded over 300 of their horses at a reduction sale at the Gold Coast.

Tinkler has been under heavy media scrutiny in recent months as his once burgeoning empire shows signs of cracking.

He has an almost 20 per cent stake in Whitehaven Coal whose share price has more than halved in the past six months.

Pearce is keen to see Patinack Farm remain a viable racing operation and says their sponsorship support and runner numbers are vital cogs in Sydney racing.

“We’re hoping they can turn the corner because it’s good for racing if they can, but with all of the press recently we’ve got to keep a very close watching brief on how they’re travelling,” he said.

 
  • Deposit
    $250
  • Bet with
    $550!
  • Claim $300 in Bonus Bets when you deposit $250!*
  • Join now!
Claim $300 in Bonus Bets when you deposit $250!*
*Conditions Apply. Excl VIC, NSW, SA & WA. Gamble Responsibly
  • DEPOSIT $500
    start betting
    with
    $1000*
    CLAIM NOW
  • first bet
    matched
    up to
    $600*
    CLAIM NOW
  • DEPOSIT $20
    start betting
    with
    $120*
    CLAIM NOW
  • DEPOSIT $250
    start betting
    with
    $550*
    CLAIM NOW
*Conditions Apply. Excl VIC, NSW, SA & WA. Gamble Responsibly
Featured News

Over $5,000 in Bonus Free Bets

Just Horse Racing provides readers with the best Free Bet offers available at every online bookmaker in Australia during the...

Caulfield Cup Field – 2018

View the final field for the 2018 Caulfield Cup The Caulfield Cup will be run on Saturday 20th October at...

Would Winx win the Melbourne Cup?

We take a look at the stats, figures and history of the Melbourne Cup to see if Champion mare Winx...

20/10/2018 Horse Racing Tips and Best Bets – Caulfield, Caulfield Cup day

The Caulfield Cup (2400m), one of the great handicaps in world racing, highlights a fab ten race program at Caulfield...

Caulfield Cup Big Bets – 2018

We take a look at the Caulfield Cup at Caulfield racecourse and list the biggest bets taken by all bookmakers...

Caulfield Cup plunge on Irish stayer

A strong move for Cliffsomoher could see the Irish trained stayer start Caulfield Cup favourite with Sportsbet. The Aidan O’Brien...

 
 
 
Copyright © 2018 Just Horse Racing.
All rights reserved - Privacy Policy

Gamble Responsibly 18+
*State exclusions apply to some offers. Please check T&Cs of each offer with the bookmaker. All Offers Exclude NSW residents.