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By Special Agent · Posted
The wording is beautiful, isn't it. From mid-January ... How is the disparity between stake money and on-course turnovers for the two clubs explained away? -
By Special Agent · Posted
Sally McKay Nikki Blatch Robert Dennis Terry Kennedy -
Do you think this announcement might have slightly upset @Reefton? Meeting News Waverley 28 January Stakes to $25,000 The Waverley twilight meeting on Wednesday 28 January will run for stakes of $25,000 for all eight races. This brings it in line with all twilight Wednesdays from mid-January through to the end of March. So the ONLY Wednesday meeting this year that didn't get twilight funding was ??? And to make matters worse, Reefton on a weekday with industry funding did oncourse turnover of $132k. The following Sunday, ATR (feature meeting at Ellerslie qith 460k stakes) just managed 100k. -
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the government passed legislation that created the legal process for the tab to enter into the agreement with entain. . The nz government never put any money in when the entain deal occured. the nz government provided a support package/bail out for the nz tab/racing industry board around 2020 to the tune of around $70m because the tab had been so poorly run.It was around covid time,but nothing to do with covid.That was a one off to keep the racing industry here afloat. nz government do not fund nz racing anually. never have. once harness have spent their share of the entain money,they have to rely on wagering to cover their stakes. as 've i mentioned previously,fortunately thats not just wagering on nz harness,if it was things would look very dire,but it still appears hrnz are happily spending,without understanding of exactly how much income they will be funded by entain. Entain don't even know,they're also guessing until they have had a year of the geo blocking. as to victoria. victorian harness overspent. So the victorian government came to an agreement where they said,we'll wipe your debt to us,but we're taking your asset worth over 100m, the spare land they around melton. tabcorp has a longer term guaranteed funding agreement with wictorian harness. Nz only has 2 more years guaranteed funding. i've worked for a giovernment department and understand what gamma was saying. They get funded x amount of money each year,then when they get near the end of that finacial year the departments look at what they were allocated and if they haven't spent it all theygo on a bit of a spending spree as that way they can say to the govt,this is waht we spent last year so you need to fund us at least the same this year.Thats totally irrelevant to nz racing as its not governmant funded
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