'CTL operating as usual'
Chief executive officer of Caymanas Track Limited Shane Dalling has revealed that the latest setback in the divestment of the nation's lone horse racing complex has had no effect on the operations at the St Catherine-based track.
However, Dalling, who assumed the post early in 2016 said that there are no major concerns holding up the transition, which has been put off on two occasions. He expects the two parties (Supreme Venture Limited and the Government) to complete the paperwork and tie up the deal by the end of this week.
"No, it (transfer) has not affected the operations. We continue to operate as usual, and nothing has been disrupted in terms of what we are doing. We have always managed Caymanas as if there is no divestment pending, so the current delay has not done anything. We did not put the track on auto-pilot. We are always managing, and we will continue to manage until the day it is actually handed over," he told STAR Sports.
The Government first anticipated signing off on the deal on December 23, but this was pushed back to December 29,
this after the House of Representatives passed two bills on December 6 to facilitate the completion of the track's divestment to Supreme Ventures Limited.
January 5 was then set as the new date for the signing off, but that was again been pushed back indefinitely. However, Dalling expects an announcement by this weekend.
"They are just doing some refining of the details, and I suspect an announcement will be made shortly. We will hear something by the end of this week as to the new signing date and the takeover," he said.