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By Chief Stipe · Posted
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 -
By Chief Stipe · Posted
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. -
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By Chief Stipe · Posted
@Joe Bloggs do you want an address for service?
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