Credit: Melbourne Racing Club

The Melbourne Racing Club (MRC) has announced that CEO Josh Blanksby has resigned and will leave his post on August 31.

Blanksby, who has been CEO for the last seven years, said he felt that the “time is right to pass the baton on with the club in a strong financial position”.

“My 10 years at the Melbourne Racing Club have been fantastic; being part of the transformation of the club as we have embarked on the Caulfield Master Plan delivering $160 million in infrastructure for the Victorian racing industry, expanding the club’s gaming portfolio to ensure profits can be re-directed to racing and innovating the racing offering for our members and customers,” he stated.

“Our balance sheet and underlying business performance are strong and the current property rezoning processes will result in the club having further strength and optionality.

“I am most thankful for the life-long relationships I have formed with many people across racing and most importantly our wonderful staff at the club.”

In a statement, MRC chairman Matthew Cain thanked Blanksy for his contribution to the club over past decade.

“During his tenure, the club has achieved significant milestones, including delivery of the first phase of our Caulfield Masterplan, negotiated the most significant partnership in the club’s history with Sportsbet, and heralded innovation within the racing media rights landscape,” he said.

“The club is in a very healthy position due to Josh’s dedication and strategic decision making and we thank him for the remarkable outcomes we have collectively achieved. We wish Josh continued success with his future endeavours.”

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