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home / archives / 1989 /  8th November

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Over geared?

The Melbourne Cup is famously one of the richest flat races in the world. Punters galore bet on the race. A feature of the day is the picnic lunch which many enjoy in the Members Car Park.

In 1988 there had been many corporate collapses as interest rates soared and loans were called in, it's likely that a few punters found themselves in a similar place!