Changes in the ownership clarified by Speedcafe, & I acknowledging reporting on this issue has not always been accurate (more generally), so refer to the detail in the quoted article:
https://www.speedcafe.com/2022/11/24...olding-in-arg/
'The change of shareholdings took place on October 28, the same day when James Boyd ceased his role as a Director of what is officially Australian Racing Group Holdings Pty Limited.
Rogers, McMellan, and James Warburton, the latter of whom retains a five percent share, are the three current directors.'