MEDIA RELEASE
HRSA are delighted to announce that new agreements have been formally signed between HRSA and the SAHRC regarding the securing of longer term arrangements for racing and additional significant financial support for the SAHRC and Globe Derby Park.
The new agreements include:
- Licence and Racing Dates Agreement;
- Memorandum of Lease (‘Head Lease’); and
- Memorandum of Underlease (‘Sub Lease’).
HRSA will also be taking over responsibility for all race day staff from 1 September 2016.
The new agreements will result in an additional $250,000 in annual financial support for the SAHRC.
The Licence and Racing Dates Agreement formalises HRSA authority to conduct race meetings at Globe Derby Park for a six year period from 1 July 2016. Previously there was no formal authority granted to HRSA to conduct racing at Globe Derby Park.
Further HRSA have secured a ‘Head Lease’ of the race track and race facilities at Globe Derby Park from 1 July 2016. The head lease is a ‘registered’ lease and importantly provides certainty to the harness racing industry regarding the right to continue racing at Globe Derby Park. The Memorandum of Underlease (‘Sub Lease’) commences on 1 July 2016 and sub leases the facility back to the Club.
Overall the new agreements recognise the importance of Globe Derby Park as the home of harness racing in South Australia, as well as providing certainty for industry participants and additional financial security for the SAHRC.
More Information:
John Lewis, Chief Executive Officer
Ph: 0417855300
