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”.
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.
“The intent of entering voluntary administration is to…