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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
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By Chief Stipe · Posted
Why will there be fallout? I have no idea what Budweiser Lite has to do with it. -
By Chief Stipe · Posted
But as @Trojan asks where is the business case for the Greenfields site? They will have to do something different because none of the members of the "new" consortium were making an operational profit when they joined Waikato Thoroughbred Racing Incorporated. That entity had nearly a $1m loss on racing last year. -
at least your consistent gammalite. any time you see an inflated stake with a small field,you express the opinion its a good thing,while at the same time saying you see no problem with the plodders running in full fields for $6000 stakes. 1/3 of the races at ashburton are for 3 year olds and the field sizes range from 4-11. thats right,not one of the 3 year old races could get enough interest from the whole of nz to run anywhere near a full field and that was even considering they are paying $1000 for every starter just to turn up. they could very easily have come up with a concept with conditions that would have seen them get 12 full fields,but as usual they weren't smart enough to do so.Just dumb as really. and have you even bothered to see what the tab ff odds indicate as to the gap in abilities of those competeing. There are so many red hot favorites . The current prices of the favorites are $1.50, 1.16 ,1.30, 1.70, 1.50, 2.15, 3.60, 2.10, 1.50,2.40, 1.10, 3.20. So half of the races will have favorites paying under $1.50 and 10 of the 12 favorites come from stables whose trainers are in the top 20 on the premiership. Meanwhile we have another current thread about the stakes levels at methven. On that thread we have the methven man saying,well our club is the club that runs the races that generate the income to provide hrnz with the money to pay stakes. Then in the next breath hes saying,their stakes are low ,because thats all hrnz fund them. harness racing is an upside down world. As far as you saying well done ashburton. Whats ashburton got to do with whether it was a good or bad concept. They are simply the track hrnz decided would be used. Ashburton wouldn't be silly enough to use their own money to run a race meeting that will run at a huge loss financially for them. Thats what happens in the north island,not the south.e.g. cambridge and their slot races.
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