Politics

My understanding is that the lump sum is handed to TABNZ.  They then determine the split between the three codes.  When delivered to the codes they can do whatever they want with it.  Both NZTR and HRNZ have been stashing some.  HRNZ has been put some into infrastructure e.g. resurfacing of 5 tracks.  NZTR are spending some of theirs on track infrastructure including tracks resurfacing although it costs more to fix a turf track than an all weather one.

Yes! with thanks

In the 2025 annual report.  The 2021 figure is in that years report. 2025_HRNZ_Annual_Report.pdf

Thats good that it isnt all gone! Is there anywhere that shows us this increased cash position? The increase is clearly from Entain and is the extra $20m you say they have, the money from Entain for the next couple of years that will be used for stakes over the next couple of years? What is the true asset position of HRNZ do we know? In the Entain Terms and Conditions was it written that HRNZ has to spend the full amount on stakes and bonuses in the 5 years? Investing the funds from Entain wisely to give them a good return to be able to fund the stakes would have been a helluva better option!  

Oh ok you know what horses think now?  As for getting "flanked" Craig Williams "flanked" her 6 times in the straight in the Moir.