Just hours after the VRC signed over their media and vision rights to Racing Victoria, negotiations with the Seven Network are set to begin on Monday to end a blackout of racing in this state.

After weeks of to-ing and fro-ing, Racing Victoria chairman David Moodie and his CEO Bernie Saundry closed the deal committing the VRC to allowing RVL to negotiate on their behalf.

It’s a major breakthrough for racing administration in this state. In fact it is one of the biggest reallocations of power for more than half a century. However, the clubs didn’t go lightly as many were wary of breaking away from Tabcorp who had since the mid-1960s financed racing into the huge industry it is today.

Many were watching the decision of the VRC finally committing to a deal that saw the powers move from the four shareholders into the hands of the RVL.

Moodie is understood to have worked day and night last week to broker the deal that was close to signing on Friday night, however the Seven Network, which hoped to broadcast the Moonee Valley meeting had a deadline to work around and without the VRC’s commitment the meeting remained blacked out.

RVL is still keen for Tabcorp to play a role on the vision and media front. “I really hope that we can get Tabcorp back to the negotiating table because if we can there is so much to be gained from all of the parties involved,” Moodie said.

Just as the deal was closed the Seven Network was advised that RVL would be the sole negotiator over a deal that will see the station broadcast Victorian racing live on one of its free-to-air channels. It also means Sky Channel owned by Tabcorp will now struggle to snare the rights after Seven was recommended by the ruling body.