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Is that the plan? Or is the plan for the current assets to essentially cover the cost of the land acquisition and new build? -
Is his wife attractive…. asking for a friend 🫣 -
So you give us an example of the dangers of a racing organisation(australian turf club) spending more than the revenue they generated,saying thats bad, then in the same reply saying your ok with hrnz doing that,because its good.. its seems a contradiction to me.. so having expressed opposite opinions,obviously your are at least half right. I agree with the half ,where you said racing orgainsations should not spend more than they can afford or they will end up in big trouble. that australian turf club story i followed a wee bit but it seems rather complicated and doesn't interest me much as its in australia and is the gallops Didn't they recently reject selling randwick for 5 billion. The VRC has had a few bad years as well and didn't they lose over 7 million in the last financial year?i haven't followed those stories enough to understand all the different possibities of how to deal with their financial worries. But hrnz,once they stuff things up for the future,they will have only limited options and none of them will be positive. most of us see that as the road harness racing is taking. Its just common sense that if you spend more than you genreate in income,you eat away at your cash reserves and end up with a weakened business ,which is ultimately less apealing to customers,therefore contracts . There are those who spin that concern as negativity,but if you look at who does that,you will see self interest in benefitting as things currently are. Thats just the way it works with anything. Harness racing is no different. -
By Chief Stipe · Posted
Which is what Ellerslie is doing. The last two years they have had $10m operating losses each year. -
Waikato Thoroughbred Racing (WTR), if it all goes to plan, should be a cash rich club, so they may fall into the same trap of subsidising from cash reserves
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