Yet another twist in the Punchestown saga

THE Punchestown Racecourse saga, which has been ongoing for a number of years, took an other twist yesterday when the chairman and vice-chairman of Punchestown resigned from all the boards of the Punchestown companies.

On Monday, as reported in Wed nesday’s Examiner, Horse Racing Ireland put together a rescue plan for the track to prevent it from closing.

The reasons given for the resignations are what are perceived as the insistence of the HRI that Punchestown increase its current debt levels. Speaking yesterday, Nick Bullman, chairman of Punchestown said: “The vice-chairman (John Ross) and I have worked hard to put a sensible proposal together with the HRI that would have ensured the long-term viability of racing and business at Punchestown.