The Australian Turf Club has secured a temporary injunction from the Supreme Court of New South Wales halting Racing NSW's move to place the club under administration, with the matter set to be heard on Thursday, December 18.Racing NSW announced on Monday it intended to appoint an administrator, citing concerns over the ATC's financial position and corporate governance, claiming the club failed to present a credible remediation plan during a protracted show-cause process.ATC chairman Tim Hale rejected those claims, saying the club is “financially strong and operationally stable”.“As of today, the club holds approximately $29 million in cash and continues to meet all financial obligations as they fall due,” Hale said. “Our balance sheet is supported by more than $400 million in land and property assets, including strategically significant holdings at Canterbury and Camellia.”Hale also said Racing NSW currently owes the ATC $1.2 million in outstanding payments, with almost $800,000 more than 120 days overdue.Racing NSW responded on Tuesday afternoon with a statement. Chairman Dr Saranne Cooke said the decision followed what she described as a misrepresentation of the situation by the ATC in a notice to members.“Racing NSW will continue to act in the best interests of the NSW Thoroughbred Racing industry, and we believe the facts in the attached letter speak for themselves,” Cooke said.A sizable part of the letter called into question the conduct of Hale around the proposed sale of Rosehill Gardens and his communications at the time with the Hon Mark Latham.The letter stated that Hale did not inform the rest of the Board that he was communicating with Latham at that time. Racing NSW expressed concern for the “changing nature” of Hale's correspondence with Latham, and that “the conduct of the ATC Board gives rise to serious and systemic corporate governance concerns”.The matter returns to the Supreme Court on Thursday.The post ATC, Racing NSW Head to Court appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.