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Land owned by clubs that’s not critical for racing and is cashed up. However you can only sell land once. Many years back the then CEO of Ellerslie said that their biggest mistake was selling land versus being the landlord. Addington is an outlier in that it’s all commercial plus they’re in a jv with others.It’s been messy and poor thus far however time will see it ultimately reap dividends. Not many clubs own their land and few have sold well -often the symptom of committee led decisions who were risk averse. Well meaning people who in real life had zip experience in such commercial matters. For clarity Riccarton have never owned their land. It is owned by a Trust set up in the 1800’s and proceeds of the recent sale on part of their land to Ngai Tahu gives that Trust $20m or so to then utilise. -
Spot on. Nice bloke. -
By PeterLambFan · Posted
I was to busy dancing in my lounge celebrating to know what they bet on or how much they won. At this rate they will be more restricted than the Broadster in no time. -
Did they triple their money tonight? About time, I watched some of it but they were betting mainly on the dishlickers going on about Same Race Multis etc. etc! They are not good punters, but then again the TAB knkw that. The hypocrisy that the TAB dishes out in NZ is just repugnant! They go on about betting responsibly and yet the Out The Gate do nothing like that! These fellahs are allowed to bet whatever they like with the NZ TAB and they get every bet on, easy as! AND yet other punters are restricted to buggerall after being loyal to the TAB for decades. If it is good enough for these blokes on Thursday night to be able to offload several thousand on a bet, HOW ON EARTH IS IT OK FOR THE TAB TO STOP OTHER PUNTERS FROM PUTTING ON $100???????? -
By PeterLambFan · Posted
@Brodie Apologies for the delay, we want to thank you for your patience as we arrive in PROFIT LAND 🛬 Just like the Wahs, you've gotta have faith, and the boys have repaid that faith 3x 💰💰💰 Out The Gate, powered by Betcha NZ. Same time next week. Let's do it all again 🙌
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