The peak body for equestrian sport in Australia has been placed in voluntary administration by its board in what has been described as a “difficult decision”.
Key points:
- Equestrian Australia says has gone into voluntary administration to avoid insolvency
- EA has produced nine gold medallists and its events play host to Olympic selection
- Some members say they werent notified and are shocked by the development
Equestrian Australia (EA) says the decision follows the withdrawal of funding by Sports Australia and the impact of COVID-19 on its forecast revenue.
“This places the organisation at risk of trading insolvently,” EA said in a statement.
“Clearly, the current EA model does not work.
