Nathan Tinkler owned Patinack Farm has announced the closure of their Flemington stable due to growing financial pressure on his business venture.
Tinkler Group CEO Troy Palmer said, “The racing operation is losing money and unfortunately part of the rationalisation will include the closure of our Flemington stables in Melbourne and a reduction of horses in work.”
Palmer said the closure of the Flemington stable is the first step of a restructure of Patinack’s racing and breeding operation.
By Owens Wong
