In the same week that it’s former general manager Mark Bayliss indicated that he would plead guilty to a charge of racing related fraud, the Albany Racing Club (ARC) 2023/24 annual report has been released to members, with the financial statements revealing that the club lost over $120 000 last year and is trading while insolvent.
Albany Race Club Records a $120 000 Annual Loss – And a Presently Unaccounted For $75 000 a Day Increase in Costs Per Race Meeting
