Thursday, 30 July 2009

would you like some sauce on those feet Peter?

A publicly-listed company CEO is responsible to his or her shareholders and the board. Peter V'Landys, head of Racing NSW, leads a government-backed organisation and has no such issues with accountability. If he was out in the public sector, he'd been out of a job long, long ago.

What an absolute goose. He has gone public on the Racing NSW website commenting about a letter from leading NSW bookmaker Robbie Waterhouse, just before the Racing NSW vs Betfair and Sportsbet case over race fields legislation and the inappropriate turnover-based fee goes to court. Rule 1 of legal cases - don't comment in the public domain just before the case is heard. You risk putting the judge offside by making dangerous assumptions, give the opposition chance to react and risk being held in contempt of court.

Take a look at Bill Saunders' article - Racing NSW Rattled

Never has someone so powerful had so little clue about the law or anti-monopoly regulations and glossed over the facts that the organizations he is supporting are just as guilty in the rebuttal points he makes.

- he alleges that journalists supporting corporate bookies are on the take from such bookies.

How about, these journos are sick of being screwed by a corporate giant which overcharges, seeks to control the industry at the detriment of everyone else including controlling all media channels to the extent that newspaper editors reject much of the anti-TAB comment for fear of losing the advertising contract from TABCorp and UniTAB?

- he says that punters need to fund the cost of racing in NSW.

Considering that the AJC/STC merger, currently being rejected by crusty old members, is reported to save anything up to $22m per year and the ridiculous amount of money that V'Landys is personally wasting in the courts fighting impossible cases, I suggest very few punters in NSW would be willing to agree with that in their current state of management! Punters should be supporting the industry, but they should also have appropriate strong leadership not endless pissing money up against a wall.

Imagine if he lived in the real world...

Cangamble delves into the history books to find that way back in the 1930s, 10% takeout in tote pools was deemed to be excessive and governments were lobbying for less! Remind me why it is we automatically think we are smarter now than ever before?

1 comment:

  1. For some reason I'm not surprised by V'Landys antics. How long until he joins that other naysayer Nason at Tabcorp?

    ReplyDelete

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