sentences:  The Council brought the racecourse to a breakeven position in one year.In 1994, the Council and the Lothians Racing Syndicate created the Musselburgh Joint Racing Committee (MJRC) to run the racecourse, a partnership which still exists today.The Council own the racecourse facilities and assets and the MJRC pay a full commercial rent for use of the land and facilities to both the Common Good Fund and ELC.