Day At The Track

Bankstown to receive $1.1 million in back rent

08:40 PM 21 May 2015 NZST
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Bankstown Raceway
Bankstown Raceway

Thursday 21st May 2015 - Bankstown Harness Racing and Agricultural Society president Les Bentley will look to boost prize money for the club’s flagship race, the M.H Treuer Memorial, after winning a lengthy court battle.  Bentley confirmed a court ruling meant the club would receive more than $1 million from the Bankstown Trotting and Recreational Club.

“We have been working on this case since 2010, it has been a long haul but it is a great result for Bankstown with the news that we will receive $1.1 million in back rent up until today (Thursday),” said Bentley.

“We are also entitled to interest on that money which goes back to May 2010 and we were awarded full legal costs and they are somewhere in the vicinity of $400,000 so it a great result for the Bankstown Paceway.”

Bentley praised the solicitors involved in the legal action.

“The team at Thurlow Fisher did a marvellous job and they need to be thanked for all of their hard work, we have two weeks to submit our costs to the judge and he will then order the Bankstown Trotting and Recreational Club to pay the amount within 28 days.

“The good news for the Bankstown Paceway is that we can pay our debts and they have been growing because of this matter and then we can look to boost prize money.”

Plans include lifting the prize money for the Treuer Memorial to $120,000.

“The committee has discussed lifting the money and are looking to make it a race for three year olds rather than for the open horses and that proposal will be submitted to HRNSW soon.

“We are hoping to introduce a few Gr. 3 races to our calendar as well.”   

Greg Hayes

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