Melbourne Racing Club memberships linked to chairman John Kanga under scrutiny

·

Melbourne Racing Club chairman John Kanga is facing scrutiny after 24 memberships linked to his family were purchased with a single credit card during last year’s leadership battle.

According to The Age, the memberships were part of his push for a special general meeting, though the motion was ruled invalid. Weeks later, Kanga secured control through board elections and became chairman.

Since then, seven directors and several senior executives have resigned, while the club recorded a $17.3 million loss and its debt rose to $178 million.

The MRC insists the memberships complied with rules and were part of a broader drive.

Kanga has dismissed governance complaints as baseless and remains popular with members for initiatives such as cheaper food and drinks, saving Sandown Racecourse, and scrapping a $230 million grandstand plan.

Source: The Age

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Echoes from the past: Limestone statue of a Cypriot priest

Carved from local Cypriot limestone, this statue of the late sixth century BCE gives us a hint as to what a priest looks like.

Kastellorizo: Where memory was forged in fire and carried by the sea

When Kastellorizians began to return in 1945 after their evacuation during the Second World War, the harbour fell silent.

Nick Goumis’ All Smart Kitchens in Sydney at centre of $120,000 renovation dispute

A Sydney homeowner alleges months of delays, unfinished works and costly mistakes by All Smart Kitchens. Read more here.

Frankly Nick’s: Where friendship, family and pizza come full circle

On a quiet stretch of Floss Street in Hurlstone Park, two best mates from Frankly Nick's are keeping the pizza ovens burning for legacy.

Derrimut 24:7 founder Nikolaos Solomos places key company into administration

Derrimut 24:7 Gym founder Nikolaos Solomos has placed the largest company in his struggling fitness empire into administration.

You May Also Like

Melbourne builder Alex Dimopoulos admits to licence fraud scheme

Melbourne builder Alex Dimopoulos has pleaded guilty to using false documents to secure building licences for 16 workers through the QBCC.

Ecumenical Patriarch meets with Turkish, Greek leaders and the NSW Premier

Marking the 100th anniversary of the Greek Orthodox Archdiocese of Australia, the Ecumenical Patriarch held a series of official meetings.

South Australians enjoy tribute to Greek music legend Stelios Kazantzidis

Different generations in South Australia were brought together at a recent tribute concert to Stelios Kazantzidis by the band Tri Zorba.