Patinack Farm, Australia's leading, locally owned, thoroughbred breeding and racing operation, confirmed today that its racing operations will vacate the AJC's Warwick Farm complex in November, 2010.

Chief executive officer of Patinack Farm, Mr Peter Beer said: "Warwick Farm was always going to be a temporary facility measure, as the stables we moved into were built temporarily to house Randwick trainers during the 2008 World Youth Day celebrations.

"We were assured when we signed a lease in 2009 by the AJC that Warwick Farm was to receive a major overhaul to become the premier training facility in Sydney. The AJC has also not included Patinack in its plans at the stage to be housed in the proposed redevelopment of Randwick.

"Despite a $1 million investment by Patinack in the Warwick Farm stables, they and the track conditions continue to be poor. As a major sponsor and having invested around $200 million in the racing industry over the last two years, Patinack is disappointed that a reasonable and commercial resolution could not be found for all trainers at Warwick Farm so that Sydney's largest training facility could be bought up to the standard expected of other metropolitan tracks.

"We will transfer our 80 horses to Patinack's Hawkesbury, Wadham Park on the Gold Coast and Flemington facilities in the short term, where many of the current Warwick Farm staff will be offered employment", said Mr Beer.

With 800 potential and current racehorses, stallions and brood mares, Patinack Farm has invested close to $200 million in the Australian racing and thoroughbred breeding industry over the last three years.