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The club that runs the Melbourne Cup just posted a $7.2 million loss. This is why it says that’s a good thing
6+ hour, 21+ min ago (359+ words) The Victoria Racing Club says it has taken a key step towards profitability despite suffering its fifth consecutive multimillion-dollar loss since 2021. The club that runs the Melbourne Cup wrote to members on Tuesday afternoon to announce a $7.2 million loss for the past financial year. The finish of the 2025 Melbourne Cup at Flemington, won by Half Yours.Credit: Getty Images It follows losses of $24 million in 2024, $14.9 million in 2023, $16.9 million in 2022 and $14.9 million in 2021. But VRC CEO Kylie Rogers told members that the figure translated to a EBITDA (earnings before interest, taxes, depreciation and amortisation) profit of $12 million, a $17.9 million dollar improvement on the previous year. She said the turnaround was an important start "in returning to the club to a net profit position. The VRC, which runs Flemington Racecourse, told members it had cut spending by $8.7 million in the past financial…...
Favouring Lando now isn’t an anti-Piastri conspiracy, it’s the right thing to do
10+ hour, 18+ min ago (440+ words) McLaren have spent the 2025 season aiming for total fairness between Lando Norris and Oscar Piastri. At times, it has made them look silly and inflexible. It was, though, merely an intriguing subplot at a time when one of their drivers seemed destined to claim a maiden title. So vast was their advantage in performance that Max Verstappen was 97 points behind Piastri and 86 behind Norris after the Hungarian Grand Prix in August. Yet after McLaren's double disqualification at the Las Vegas Grand Prix, combined with Verstappen's rapid resurgence, they are now at risk of losing out on a first drivers' title in 17 years to the brilliant Verstappen. To have the best chance of ending the Red Bull driver's hopes, they must now favour Norris and sacrifice Piastri. Australian Oscar Piastri has struggled to get points and podiums in the second half…...
Near-miss accident with crane in F1 Las Vegas weekend
10+ hour, 30+ min ago (28+ words) The Las Vegas Grand Prix is raising safety concerns after a crane was spotted driving into the racing line during a support category race. The Sydney Morning Herald...