Veteran trainer Anthony Cummings has been given seven days to vacate Leilani Lodge, the Randwick stables his family has occupied for over 40 years. The decision follows the liquidation of his business, Rosscarbery Holdings, which collapsed with debts exceeding $4.2 million.
Racing NSW has also revoked Cummings’ training licence, further complicating his position. Despite his financial struggles, the 69-year-old has applied for a stay of proceedings and has been actively competing, notching up five winners from his last ten starters.
A report from DW Advisory revealed that Cummings’ company owes $1.3 million to the Australian Taxation Office, with an additional $797,000 owed to trade creditors and unpaid staff superannuation.
Although facing financial turmoil, Cummings has continued investing in the industry, recently purchasing a $400,000 colt at the Magic Millions Yearling Sale and a $180,000 filly at the Inglis Classic Sale. With over 20 Group 1 wins and 1,000 career victories, he remains one of Australia’s most accomplished trainers, carrying on the legacy of his father, Bart Cummings, a 12-time Melbourne Cup-winning legend.
Image Anothony Cummings (from his website)
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