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Which is what Ellerslie is doing.  The last two years they have had $10m operating losses each year.

Waikato Thoroughbred Racing (WTR), if it all goes to plan, should be a cash rich club, so they may fall into the same trap of subsidising from cash reserves

Correct.  Otherwise you are relying on sucking up to politicians.   What most Club Committees don't understand is that the 2000m circular paddock they race on needs considerable maintenance each year and periodic complete renovation.   That cost has to come from retained profits.

In other words, make enough profit

@Joe Bloggs do you want an address for service?  

Forget about the financing.  Look at it from a business perspective.  How will the business make enough profit to maintain core racing assets? That's the measure and the only measure for the business case.

yes ,I'm just used to the 'normal ' horses running around for $6000. just seems normal to be the case for the hobby trainers.  NZ giving the smaller bloke a go seems so magical ?  like this Sunday coming? so few chances for the hard workers to get some of the rewards like the Golden Gait initiative at Auckland . how good was that ? . can't see a thing wrong with it myself. Australian STates just have 'Sires Stakes' racing for horses bred in that state (just as NZ does well as each year too), but the BIG stables still MUG the smaller ones 90% of the time in those races. in the  2 , 3 and 4 year old divisions. Is just the way it is . breeders and yearling buyers target those races.   Allstars won the 3 year old NZ one 10 years running. (NZ Introducing the Betcha Pace, TAB trot for open class,  and Velocity and Ascent Slot races for 3 yearolds for the very best around. was also excellent . you've had about 12 of those events so far and they are 12 of the best races ever run in NZ, so is good for the BIG guy to get a go too. they support the industry and Mugs can buy a slot too , and enjoy a big win for the day. example = A team of South Australian people Won the $2,000,000 Eureka Slot (the richest Australia race)  with their horse defeating Leap To Fame into 2nd place. Dreams can happen with great initiatives Mr Galah 🏆. no good just dabbling on the grass all the time. lol 😉 I hope the Ashburton meeting is successful Sunday for all you guys and HRNZ too. The owners who are going are sure to have a great day .  don't worry about the betting. exactly right. they fund all the races from the annual allotment . whatever the Betting. so well done Entain and Ladbrokes too that have chipped in to help keep them high in New Zealand.  Meanwhile , What do you think of this below ? Quite amazing such a big organisation worth millions could trade bust? this is the one you blokes should complain about . instead of hammering the brilliant HRNZ full of kiwi blokes Trying to keep your dying sport afloat ?? HRNZ aren't trading poorly like this mob of ATC , that obviously PAID OUT FAR too much in Prizemoney trying to compete with Victorian Racing . This is where Brodster could direct his Financial Failure's accusations , as seems this mob have done TERRIBLY , in an industry that wasn't dying. (Aus thoroughbreds) but some greedy Buggers have done something bad it seems. (taken or spent all the cash ?  lol 🤣) The Australian Turf Club (ATC) has been placed into the hands of an administrator following an announcement by the sport's regulator on Monday. Racing NSW (RNSW) said the industry's principal race club – which manages racing at Randwick, Rosehill, Warwick Farm and Canterbury – would enter an administration period to "provide an opportunity for the ATC to improve its financial performance and address serious financial issues". The move follows Racing NSW issuing the ATC with a "show cause" notice back in September due to growing concerns about the club's ongoing solvency and corporate governance, following the shock resignation of board members Ban Bayot and Natalie Hewson in September.  

They are going to need substantial financing over upwards of 10 years. Do you think any bank will look at them unless they have a sound and comprehensively detailed business plan. Just looking at the article, it would appear the sale of Waipa would set the ball rolling and provide the initial money for land purchase and development of the site, but a truckload more financing will be needed and secured through the potential sales of Cambridge and Te Rapa, once the site is finished

The Bud Light and Jaguar backlashes were about the use of new brand marketing that alienated existing conservative customers. Not a good analogy with the Waikato Greenfields though