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Totally agree Freda. Unfortunately it's easier to brand the riders as incompetent. Racing officialdom continues to shoot itself in the foot. -
By Chief Stipe · Posted
Have you read the report? The banning of access to overseas operators was definitely floated as an option to stop leakage. It was actually Option A. However it was rejected as the favoured option for a number of reasons - one of them being the difficulty of enforcement. Which ironically is what you are complaining about. What was being investigated was how to get a fair return on the NZ racing product (and sports) that has been invested heavily in. -
By Chief Stipe · Posted
I understand there were a considerable number of discussions behind the scenes about the precarious situation the TAB was in. However there was a disconnect between what the accounts were showing and what was being reported publically and to the Minister (McAnulty?). Although with the latter I wouldn't be surprised if whoever was the Minister at the time didn't know the true picture. Ultimately it culminated in the Minister (Winston Peters) publically showing displeasure and providing a bailout package at a politically convenient time. Many of us on BOAY were posting here for a long time our analysis of the accounts. I was particularly critical of McKenzie the transition CEO. What would they be held to account for? There was hardly any corruption as the accounts were reporting accurately the state of the organisation. A decade or two of incompetence and mismanagement definitely - corruption no. Allen signed up to two or three contracts which were the millstones i.e. the Spark contract, the Broadcasting contract and the Betting system contract. They were all contracts that stunk from the beginning and had all the characteristics of contracts negotiated by a Government Bureacrat. ENTAIN is a FTSE 100 company and could buy and sell our biggest companys. They have taken some hits in the last two years but in the last 6 months their share price has rebounded by over 30%. Once ENTAIN took over there would have been immediate cost savings e.g. the betting system contract. I'm also sure that because of the change in operating structure ENTAIN as an experienced private sector company would have renegotiated many of the existing contracts. They also had negotiated that after a period they could start to lay off staff. Now I'm not sure that this is the case but for example why would you need two sets of bookies in the Australian and NZ market? In all core overheads would have reduced since the takeover. Sadly that is, in my opinion, a malaise inherent to NZ as a whole. Racing is a competitive sport and everyone is into to win. Afterall that is the essence of racing. Where things have failed, and have failed for a very long time, is sectors in the industry haven't had strong sector organisations with strong leadership. When they do try to stamp their feet they get it wrong and look stupid. An example of that is the recent Owners and Trainers Association call to action over the tracks. The outcome was that they blamed track managers NOT themselves for promoting increased stakes for decades at the neglect of maintaining infrastructure. Which doesn't surprise me because how many Owners or Trainers have ever bothered to walk a track on a regular basis. -
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