Upset horse trainers pursue Tinkler's family companies over unpaid bills

The horse racing interests owned by the family of former mining billionaire Nathan Tinkler are being targeted by debt collectors who claim their clients are out of pocket by almost $500,000.

Thoroughbred Recoveries, a debt collection agency specialising in the industry, confirmed it was pursuing $321,000 for five clients including trainers and other equine services. “If or when people are ultimately paid, it is often after months or even years of pursuing them, incurring enormous costs retaining lawyers, damaging their own cash flow and often finally doing a deal on the amount due so that all profit is lost for the business.

Horse trainer Brett Dodson , a text message exchange between him and Nathan Tinkler , who Dodson says owes him money. “We need money … it’s not just daily training fees, it’s what he’s cost me [in veterinary fees],” said Mr Dodson, who trained several horses for the Tinkler family.Wayne Wilkes, a trainer who is not a client of Thoroughbred Recoveries, claims to be owed about $80,000 for work on nine horses owned by Serene Lodge.“They’d always promise next week, then next week but the money wouldn’t turn up. For a small business, it’s very hard. I still have to pay my bills as well.

"Nevertheless, arrangements are being made to resolve all of the outstanding debts and our client expects that process to be completed over the coming weeks," Mr Briggs said.Text message exchanges between Nathan Tinkler and various trainers over the past two years, however, show worries about paying bills were disrupting the business relationships.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cruise liner ‘lying’ about toddler’s tragic fallA cruise company has been accused of lying about how a toddler came to fall out the window of a ship after being carried by her grandfather. It's always someone else's fault Cruise windows are normally filthy (salt, sea spray, elements etc.) despite the best efforts of the crew to clean them at each port. So spotting an open window would be one of the easier tasks, I would have thought. CyndiHart6
Source: newscomauHQ - 🏆 9. / 77 Read more »

Australia fires: Sydney businessman's campaign to feed kangaroo bushfire survivors on NSW south coastA Sydney businessman has driven over 5000km, and spent more than $12,000, in a bid to feed sick and injured Kangaroos on the bushfire-ravaged NSW south coast. 9News invoice the salvationarmy they got bushfirecrisis funds auspol2020
Source: 9NewsAUS - 🏆 10. / 72 Read more »