THE future of jumps racing hangs in the balance after an industry shareholders' resolution was put to Racing Victoria yesterday.

Representatives of the three city clubs, Country Racing Victoria, owners, jockeys, trainers, breeders, bookmakers and unions were told of the proposal at a meeting earlier in the week, The Herald Sun reported,

While detail of the proposal and the resolution from the industry remained unclear, RVL is believed to have put parameters on what will be acceptable for jumps racing to continue beyond next year.

Australian Jumps Racing Association president Rodney Rae and RVL chief executive Rob Hines are continuing talks.

Mike Symons, vice-chairman of Melbourne Racing Club and part-owner of champion jumper Some Are Bent, helped broker the deal.

Jumps racing seemed doomed when RVL announced on Friday it would end after the 2010 season on the grounds of poor image, safety and economics.

The decision was welcomed by animal welfare activists but met a groundswell of opposition from racing industry groups and jumps fans.

For full report, go to The Herald Sun.