Brunton Racing placed into administration
Leading Tasmanian trainer Scott Brunton has had his thoroughbred business placed into hands of administrators over a $1 million debt to the Australian Tax Office (ATO). Brunton, who trains from Seven Mile Beach near Hobart, had been fighting the wind-up notice, but the Federal Court on Friday ordered Brunton Racing be taken over by liquidators, the ABC reported.
He trained a winning double at Hobart yesterday, a meeting in which he had 19 starters. With horses such as stable star The Inevitable (Dundeel) and stakes-winning sprinter Oxley Road (Exceed And Excel) – a recent stable recruit – under his care, Brunton had proposed to repay $4,000 a week to the ATO for five years to clear the $1.040 million debt.
“We were led to believe that businesses which were paying their way forward and were financially viable would not be closed,” an email from Brunton to his owners sent on Saturday read. “This proposal, however, was rejected and as a result, Brunton Racing has been placed into liquidation.” A spokesperson for Tasmania’s Office of Racing Integrity said the organisation was aware of the order pertaining to Brunton’s business and that it would determine whether the trainer would remain licensed, the ABC said. Brunton won the 2022-23 Tasmanian trainers’ premiership, preparing 65 winners with his stable collecting $1.94 million in prize-money