Financial control was transferred from the Jockey Club to the JSC board of directors, and the club paid the centre a $350 million grant designed to cover operating expenses up to 2007.
faɪnˈænʃəl kəntɹˈoʊl wʌz tɹænsfˈɜːd fɹʌmðə dʒˈɑːki klˈʌb tə ðə dʒˌeɪˌɛssˈiː bˈoːɹd ʌv dᵻɹˈɛktɚz, ænd ðə klˈʌb pˈeɪd ðə sˈɛntɚɹ ɐ dˈɑːlɚ θɹˈiːhˈʌndɹɪd fˈɪfti mˈɪliən ɡɹˈænt dɪzˈaɪnd tə kˈʌvɚɹ ˈɑːpɚɹˌeɪɾɪŋ ɛkspˈɛnsᵻz ˌʌp tə tˈuː θˈaʊzənd sˈɛvən.