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NZ Racing and Breeding News – 25 March 2024
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Ruby Rocks scores Cups double
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Newgate Farm’s Capitalist: A Shining Star in Thoroughbred Excellence Supporting Spinal Cord Injury Research
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Massive Sovereign wins Hong Kong Derby
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Really. How can they keep preaching transparency, consultation and collaboration and doing the opposite? -
i've nothing against the methven club,but simply are pointing out they really aren't doing the owners of horses who support their club any favours with the poor stakes they often pay out.. why does a club that is so asset rich run such poor stakes. 3 x $10,000 non win races and 9 $8000 races. Would it not be better for clubs like oamaru and timaru to run more meetings and give those clubs extra days,as they pay out much higher stakes for mid week meetings, and take a day or 2 off the methven club who often pay the poor stakes. Owners would be better off or is methven simply taking for granted the support anyway because the horses won't have to travel as far. its bizzare. And how come cambridge are running a meeting with only $8000 stakes on a thursday as well.At least cambridge have the awful financial state as an excure,what is methven'ss. -
By Murray Fish · Posted
pardon! CRIMINAL! Ned Kelly had Guns when he robbed you! This lot with the stroke of a pen... -
No idea. Like a lot of these things it's a secret. Not sure, but I think I've worked out what this is saying. As it stands, Entain have a revenue shortfall of $26m in covering the current $150m guaranteed payment to TABNZ, GRNZ are saying that 44m of that revenue comes from betting on greyhounds and that will go half to Entain and half to the codes at the end of the guarantee period courtesy of the government banning greyhounds (assuming that money is still bet either on overseas dogs or elsewhere). There is a further $75m (estimated recovery from the monopoly legislation) which the government has "gifted" to Entain and the codes. $44m + $75m = $119m, the amount highlighted in the headline to the above article. As it stands though, that means that if the guarantee ended today, the payment to TABNZ would be less than half what it is now + half any gains from the monopoly legislation.
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