The Australian Turf Club, a privately owned company founded in 2011, is a major horse racing organizer in Australia. Headquartered in Australia and employing approximately 400 people, the club resulted from the merger of the Australian Jockey Club and the Sydney Turf Club. Its primary activity is the management and organization of horse racing events, including prominent carnivals like the Autumn Racing Carnival, at leading Sydney racecourses. In 2023, the club reported revenues of approximately $250 million.
On Tuesday, Australian Turf Club (ATC) dismissed chief executive officer Matt Galanos. Three days later, directors Ben Bayot and Natalie Hewson resigned, with Bayot citing an “untenable” situation due to a dysfunctional board. Following Galanos' departure, Steve McMahon assumed the role of interim CEO. The events followed a failed $5 billion sale of Rosehill and a subsequent senior management shake-up under new chair Tim Hale.
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Australian Turf Club offers 3 products in the media and telecoms services and sports industries. Australian Turf Club's product portfolio comprises of media and TV services and riding and animal sports.
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Australian Turf Club's revenues were less than $500M in 2023. Caretta Research has split Australian Turf Club's revenue into 2 different product categories, the largest of which is horse racing. For full access to Australian Turf Club's revenue breakdown subscribe to Caretta Portal.
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Australian Turf Club sells broadcasting rights of its 2 horse racing competitions to 3 companies globally, covering 3 countries. Australian Turf Club's rights holders include Seven Network, Australian Turf Club and Sky Racing. Australian Turf Club currently holds 2 broadcasting rights for sports competitions including horse racing.
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