1 The idea that the JCR with its extraordinary asset values and current low interest rates has exhausted its credit is laughable in the extreme . If this is the case one has to wonder about the supposedly splendid financial management of JCR .
2 It is not a question of heart and head . The purpose of RHT and now JCR was to preserve racecourses from being sold for development not to do so . I should like to see when the objects of RHT were changed to the " good of racing " it is notable that Bazalgette has only referred to the Royal Charter but has been utterly silent on the trust instruments . It is a question of breach of trust
3 Kempton will not raise £500 million - it is a £100 million part of a £500 million plan apparently - I suspect to finance the new and entirely unnecessary Newmarket AW track . It takes an hour to get to Chelmsford . There are no AW tracks west of Wolverhampton - the idea East Anglia needs two beggars belief .
4 It has to be remembered that the JC is based in Newmarket and seems very much biased towards it compared to elsewhere .
5 This is not an isolated incident . JCR have form . The desecration of the old flat course at Kempton , the destruction of the NH course at Haydock , the closure of Nottingham's jumps track , the closure of Warwick's flat track because they would not pay to camber the bend … The point is as Jim McGrath pointed out on twitter . JCR is now run by accountants and not by people with a background in racing .
6 Kempton is not some gaff track like Folkestone . It is a Grade 1 track hosting the second most important staying Grade 1 chase in the whole calendar . JCR have engaged in a cynical exercise to run the place down otherwise so it can be presented as a place nowhere will really miss .
As David Johnson also formerly of this parish said in response to Ruby Walsh's hardly surprising money centred approach - do those proposing its demolition really not think the rest of us do not understand the argument that £100 million will be useful to a racecourse group . If one approaches it on that basis and on the basis that London really isn't interested in horse racing then they should surely close Sandown Park and build houses there too in Esher .
What is striking is that - Nicholls, Henderson, Tizzard and KIng are against it and so is Willie Mullins - five people who really ought to know about the different demands on a racehorse of different types of track .