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| September 8, 2002 | Sunday | Jamadi-us-Saani29,1423 |
LRC dispute resolved
LAHORE, Sept 7: The dispute between the turf accountants and the Lahore Race Club (LRC) over financial matters has been resolved and an agreement reached between the two which will be effective for a month on experimental basis.
The dispute lingering for over a year concerns the volume of contribution made by the turf accountants to the LRC. The dispute had taken a serious turn when the former walked out of the club premises, shutting their manually operated tote windows (Motws) Wednesday before the start of races. The bets were made solely on computerised tote totalisator set up in the club four years ago by a British firm Data Tote.
Sources said an agreement was reached, at a meeting between the representatives of the affected parties which was also attended by some leading race-horse owners the other day. The agreement will be effective for a period of one month, from Sept 8 to Oct 8, on a trial basis. If found workable, would be extended for a further period agreed upon by the turf accountants, LRC and owners.
Under the agreement turf accountants will increase the volume of contribution and also contribute some amount towards the stake-money to be awarded to the winners of meeting races to make the prize-money look handsome. A seven point working formula aimed at improving racing standards and safeguarding interests of of all concerned was agreed upon also.—A.G.
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