Yes. I must admit this line in the letter also worried me. It doesn't make sense to commit to absorbing a $1.80m debt, when we just cleared ours. Unless there is some "grab all pokie machines at all cost mentality", which would be wrong.
What also concerns me is that the Melbourne Racing Club did a due diligence & found that they "could not get a return to justify the investment".
So what are we doing? Does the club see something I don't?