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Thoroughbred Racing forum discussion.
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By Chief Stipe · Posted
NZTR Establishes Industry Investment Fund to Secure Racing’s Future NZTR has announced the establishment of a dedicated Industry Investment Fund, a strategic initiative designed to support the long-term financial sustainability of the Thoroughbred racing industry in NZ. NZTR | August 06, 2025 New Zealand Thoroughbred Racing (NZTR) has announced the establishment of a dedicated Industry Investment Fund, a strategic initiative designed to support the long-term financial sustainability of the Thoroughbred racing industry in New Zealand. The Fund has been launched with $10 million in seed funding, representing a contingency reserve that remains accessible to NZTR if required. This initial capital provides a strong foundation for the Fund to begin operating and building confidence across the industry as a prudent and forward-looking investment strategy. “This is a significant milestone for the industry,” said Russell Warwick, NZTR Chair. “The Industry Investment Fund is about future-proofing racing in New Zealand and is a proactive step to ensure we have a sustainable and diversified financial base for generations to come.” To ensure both security and growth, the Fund has been diversified across multiple investment accounts and providers. This approach balances the need for long-term returns with preservation of capital, aiming to outperform traditional term deposit returns over time. Term deposit rates continue to track down with the lowering of the Official Cash Rate which is expected to reach 2.75% by the end of the year. As the Fund grows, NZTR expects to build on the capital sum from any proceeds realised from the venue consolidation process which is a key part of industry strategy. These additional contributions will help reduce the industry’s reliance on wagering revenue and establish a robust alternative income stream. The Fund’s performance and investment mix will be closely monitored by the NZTR Audit & Risk Committee, with regular reviews to ensure alignment with industry needs and financial best practices. “The Fund gives us an opportunity to build sustainable revenue streams and allows our existing capital to work for the industry,” Warwick added. “It’s not just an investment of capital; it’s an investment in the future of New Zealand racing.” -
Gamma, the thing is, it is totally different in the case of the Entain money! Entain have not promised the $900m to support or sponsor racing in NZ! It was purely the carrot that was dangled by them to enable them to get access to the profits from online gambling and sports betting for 25 years! The TAB and McAnulty were sucked into it hook line and sinker, and we will pay unfortunately. Do you really believe that Entain really gives a rats about racing in NZ. You mention about Entain saying how much spent each year, well it shouldve been negotiated far better by the NZ TAB! Entain knew what they were doing, they are a ruthless gambling business just like the other ones around the world. They are no ones mate and we will be seeing this, it is about making a good return for its shareholders, so they take no prisoners. -
I think what you forget Brodster is When Sponsors and Supporters of a sport PUT up there Cash to support or sponsor a race or an Event, there are TIME LIMITS involved. It's like a footballer Contract . you Pay up so much cash spread out over the Calculated time frame of a contract. I would suggest that the ENTAIN money is being used by professional people for the 250 odd NZ meeting per year , at a rate that is calculated within a time Period. i.e so much has to be allocated Annually. it's how business works. I agree with you that sure it would be nice to think you calculate monies/funding/sponsorships for 2030 and beyond , BUT You can't mate. You have to live in the moment . AND all you blokes keep saying the turnover has dropped off , and trotting won't be around in the North Island in 5 years time anyway , old Maurice, Barry, Tony , Ray Green, And a few others will be retired. And Trotting will BE NO MORE. you will all just have to go to the gallops lol 😎🏇 So Might as well use The MONEY now mate. I do think it's a shame most of it, is going to Aussie these days from the Big races , as that is only speeding up the Ultimate demise of NZ Harness Racing . you don't have the guts of Seymour or anyone like that to keep it going. Must say Dean Shannon and also the Stonewall bloke (Stockman and his partner Jill ) are doing their Very best at Sales and punting and Racing syndicating with your great trainers to Keep it going a year or two longer. so Big shout out to them for meritous efforts lately. good to see some still 'Having a Go ' at the great sport. -
NZTR Establishes Industry Investment Fund to Secure Racing’s Future New Zealand Thoroughbred Racing (NZTR) has announced the establishment of a dedicated Industry Investment Fund, a strategic initiative designed to support the long-term financial sustainability of the Thoroughbred racing industry in New Zealand. The Fund has been launched with $10 million in seed funding, representing a contingency reserve that remains accessible to NZTR if required. This initial capital provides a strong foundation for the Fund to begin operating and building confidence across the industry as a prudent and forward-looking investment strategy. “This is a significant milestone for the industry,” said Russell Warwick, NZTR Chair. “The Industry Investment Fund is about future-proofing racing in New Zealand and is a proactive step to ensure we have a sustainable and diversified financial base for generations to come.” To ensure both security and growth, the Fund has been diversified across multiple investment accounts and providers. This approach balances the need for long-term returns with preservation of capital, aiming to outperform traditional term deposit returns over time. Term deposit rates continue to track down with the lowering of the Official Cash Rate which is expected to reach 2.75% by the end of the year. As the Fund grows, NZTR expects to build on the capital sum from any proceeds realised from the venue consolidation process which is a key part of industry strategy. These additional contributions will help reduce the industry’s reliance on wagering revenue and establish a robust alternative income stream. The Fund’s performance and investment mix will be closely monitored by the NZTR Audit & Risk Committee, with regular reviews to ensure alignment with industry needs and financial best practices. “The Fund gives us an opportunity to build sustainable revenue streams and allows our existing capital to work for the industry,” Warwick added. “It’s not just an investment of capital; it’s an investment in the future of New Zealand racing." Corporate Communications New Zealand Thoroughbred Racing nztrcommunications@nztr.co.nz -
Well they still use the whip as cue for the horse to go I think Chief . Swishing it around the tail and that without having to strike at all anymore these days. the Top Notch drivers do it incredibly well. The Nz and Aus drivers are absolutely masterful at it. esp ones with American experience like Dexter Dunn and Carter Dalgety. We have Cam Hart (winner of the last 2 NZ Cups), the 3 McCarthy brothers and even Pete mcMullen driving like that too. Absolute Top of the tree drivers who get every Horse they drive to perform better than it would without the technique these blokes use. they are near best in the world at their craft. They would run rings around the whip drivers of last century, as can get a tiring horse to keep going better (faster sectionals ) than any drivers of the past could. and can do it on a range of horses. John Dunn looks excellent to me as well , as can really get a horse to stretch out.
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