Forums

so what your saying seems to be methven will pay bigger stakes on the bigger days and underpay stakes on days like thursday. so how come  clubs like timaru and oamaru  pay good stakes all year around,yet don't have the assets ,cash in bank,investments within cooee of methven.. they too being run by volunteers.  Just pionting that out. You seem to be saying 2 things. 1)because methven can create greater returns to the industry, it in some way justifies the paying of poor stakes on some racedays. 2)that there is no relevance to how much cash and investments a club may have just sitting around,in methvens case millions,its all about what you are funded by hrnz. Well fair enough,at least your up front about why the club desn't pay owners more, its just ,isn't it reasonable to ask,aren't  other clubs who are also run by volunteers, trying harder to help out owners by returning more in stakes to the run of the mill horse owners,than methven. Just saying that appears to be the case as those clubs won't be getting anymore funding than the methven club for their low key meetings.. This post is nothing about personalities or how well a club is run on race day,its about the focus some clubs put on helping owners out through stakes compared to other clubs.

comparing the atc and the methven club is not   a good example. Methven had investments of close to  3.5 million in shares and over $400,000 just sitting in the bank. their land and bulidings are also worth over $9m

its well and good to say they will learn from it and change,but when many of the issues  seemed obvious in the first place wouldn't you have to ask,how much poor decision making does there have to be, before people realise there is a pattern. as to mr steele saying if things aren't working he will step in and change it. Does anyone take that seriously.What about the ATC?

I am surprised they didn't try to program Ashburton and Invercargill on the same day. Wouldn't be the first time.

Douglas Whyte is keen to end a frustrating period of near misses when he saddles the strong pairing of King Oberon and Goko Win at Happy Valley on Wednesday night. The South African has enjoyed a strong campaign at the city circuit, sitting third behind Caspar Fownes and Danny Shum Chap-shing for winners at the Valley this season, with eight of his nine winners coming there. That tally could have been much higher, with the 54-year-old watching a trio of his horses finish second on International...View the full article

I do wonder what modeling was done on the age categories but Brad Steele has stated if things aren't working he will step in and change it , timing of the series doesn't make much sense with the golden gate at Alex Park along with the Invercargill cup meeting all in the same weekend obviously having a dramatic effect on horses traveling. 

Stakes are paid by hrnz , a club can move stakes around from meeting to meeting to a certain extent but their total stake allocation for the year is governed by hrnz .Methven has in the past and probably still, although the figures our now a secret produced the best overall gbr in the country. That means they put back over $600,000 above funding back most years,  second to none from a bunch of volunteers ( LEGENDS).

They need to be squirrelling away money as they will need to reduce stakes significantly when the funding is slashed. just read the article on Entain on the galloping blog site, and if goi read that and still believe that Entain are this White Knight, then you have a very low IQ! McAnulty should never have sold out to Entain, as I have been saying since the start, as they have no interest whatsoever of helping out racing! I believe that if they could sell now and cut their losses, they would do so! HRNZ CEO Brad Steele hopefully has read this article and taken it all in, and then he should come out and apologise!

Are some clubs stashing away money incase funding is substantially cut in a few years?