The nsw racing is a hugely popular sport in NSW and has gained popularity due to its high-quality races. The state is home to some of the best horse races in the country including The Everest and the Sydney Spring Carnival which both rank highly in terms of prize money. The sport has many supporters and is well supported by the NSW government.

The NSW government has made it clear that it will push through legislation to extend the term of Racing NSW chairman Russell Balding. This is despite Treasury’s recommendation that directors of state-owned firms should be subject to two-term limits. The minister for racing, David Harris, has claimed extending his position will provide “continuity of corporate knowledge” as the industry tackles reforms and economic challenges.

But the move has riled those not aligned to the V’Landys-aligned racing elites, who have spoken out against the plan and warned of a rift in the industry. It has also put a spotlight on the weak excuse for governance at Racing NSW.

With a huge stake in the industry, it is responsible for commercial, welfare and integrity issues. But it is also a quasi-government organisation funded by a point of consumption tax that gives it enormous regulatory and financial clout. The state’s hands-off approach to the organisation has allowed it to become a fiefdom that is resistant to change, says Jeff Garrett, director of equine law at Attwood Marshall. Looking More tabnsw

Amid the ructions, the NSW government is set to bring forward legislation to extend the tenure of Racing NSW chief executive Peter V’Landys and chairman Russell Balding. Influential crossbench MP Joe McGirr is preparing an amendment to grant the pair another two-year term on condition that they come up with a succession plan within six months.

If the amendment is successful, the government will need support from the opposition or the Greens to pass the bill in parliament’s final sitting fortnight. But it will likely face stiff opposition from those who want the state to reform its structure and share leadership with other states, including Victoria.

In the past few years, NSW has started new events to try and keep pace with its rivals in Melbourne, such as The Everest which carries an unprecedented $20 million in prize money. But it also wants to retain its own leading Group 1 races.

The Sydney spring carnival has long been considered the premier race meeting of the year and goes head-to-head with the Melbourne spring carnival. This year it features a record number of five Group One races.

The prestigious event is held every October and November in the state of New South Wales. Its history began in 1861 when the first official race took place on New Year’s Day at Rosehill racecourse. The race has since grown in size and stature and now ranks as the fifth most attended Australian horse race. It has attracted some of the world’s best horses and attracts a wide range of fans from across the globe.