Yes and No. There will be a new Organisation called Racing NZ which has a Board comprising the three codes and sport. It is that organisation that will decide how to cut the pie. I think that's how it is going.....
It all looks like a disastrous rearranging of the deck chairs if you ask me.
Plus the success of the whole shemozzle is reliant on getting the assets put of the 20+ tracks they are closing down. Good luck with that one.
Won't worry Winston as he won't be around!