FBAA President Adrian Hancock has hit back at comments made by media personality Richard Callander who suggested that hidding commissions in horse sales are a ‘dark little secret’. View Adrian Hancock’s statement below.
“It is very disappointing for a senior journalist to say during a stewards inquiry that kickbacks and secret commissions are racing’s ‘dark little secret’,” said FBAA President Adrian Hancock in a statement.
“Those comments are a slur on the participants in the industry who operate professionally and honestly.”
“I note that no bloodstock agents are alleged to have been involved in this (Callander) sale or the recent transaction in Victoria involving trainer Brent Stanley let alone members of the FBAA,” said Hancock.
“The FBAA is dedicated to ensuring the integrity and fairness in all its horse dealings. We have been at the forefront of developing industry best practices for nearly 20 years.
“In addition to the industry Code of Conduct, the FBAA has a Code of Ethics to ensure our members can be trusted,” said Hancock.
“We urge any racing participant to get in contact with the FBAA if they are in need of advice about the possible sale of a racehorses, yearlings or broodmares.
“To this end we always recommend using the FBAA Contracts of Sale in any transaction. Each of our 26 accredited members will always act in the best interests of their clients and make sure that they are well looked after.”