Equestrian Australia will live to ride another day, as the embattled body narrowly avoided going into liquidation on Tuesday after its creditors voted to support administrator KordaMenthas proposal to reform the sport.
They agreed the administrators proposal, endorsed by Sport Australia, the Australian Olympic Committee and the international equestrian body, was the organisations best shot at having funding reinstated after Sport Australia withdrew it last month due to protracted governance issues.
The move comes after the five state branches of NSW, Victoria, Tasmania, South Australia and Western Australia revolted against the bodys receivership and offered their …
Read the full article at: https://www.theaustralian.com.au/sport/liquidation-of-equestrian-australia-avoided-as-creditors-approve-reform/news-story/337523e786c1b865c5f425e13e82911f