If you want to dig out my and others' social media posts from the beginning of this century warning of the impending disaster the detailed financial figures are there.
Sorry, I don't have time to do that in any great detail. If you want it, you'll have to do it yourself but here's a quick AI summary of the timeline and deterioration with centralisation and bulk funding.
Summary
✔️ Pre‑1951: Clubs ran racing and funded themselves from on‑course wagering.
✔️ 1951–2003 (TAB era): Nationalised wagering grew, funding increasingly centralised.
✔️ 2003: NZ Racing Board created — full centralised funding and governance model began.
I gather you and @curious don't understand track funding Both of you are so wrong it is laughable.
@curious show us all in financial numbers when Racing paid its way.
You miss the point as always. If you win backing winners on NZ races (a remote possibility) with overseas book makers then your conscious will force you to put some of your winnings back into NZ Racing.
Karis Teetan has a quality book of rides at Happy Valley on Wednesday night, spearheaded by Young Champion in the feature Class Two Daisy Handicap (1,200m).
A drop back in trip to 1,200m for his last two starts has seen a return to form for John Size’s Zoustar galloper, recording seconds both times – most recently by a nose to Group performer Beauty Waves with Teetan on board.
“It’s pretty good to see him doing what he’s been doing lately because he was a bit disappointing, but it’s nice that...View the full article