Chief Stipe

Uh? Detail?

You split hairs over 6 months?

Thats not correct.

But their employees are not getting favouritism. Everyone who bets into the pool is getting bonus. That is everyone is treated equally in the pool.

No it's not a "have". There is a market for it and as the article above indicates a big one. Perhaps the 1,000 that turn up for The Grand Tour have also decided to but a FRAC share. Cheaper than a $2,500 set of bowls for the bowling club you're a member of.

Who's "stealing assets"? How were the assets accumulated in the first place and where are they now best positioned? Racing horses is the aim.

Yes especially if your revenue depends on the quality, placement and promotion of the product.

What "consortium" has failed?

Not in your mind but it's a start. Now at least there is a database of 10's of thousands of interested young base. My only concern is that there is some regulatory oversight. In my opinion some FRAC's charge an excessive premium over the horse purchase price and management fee.

Which Overseas Entity have taken over the NZ Racing Industry? Certainly isn't ENTAIN. But if you mean ENTAIN telling NZTR and HRNZ what product they need and when then that conversation was long overdue.

Why present in negative terms that during a recession the wagering revenue has stayed the same? Most businesses I know would be happy if that was the case - many of them have struggled the last two years or so. However they do report improving economic conditions.

That's a different subject. If they haven't dropped then at least the situation isn't getting worse. Although it isn't a concern yet until 3 years hence.

How is "Turnovers haven't dropped" a vague generalisation? If they aren't less than last year then they haven't dropped.

@Huey In the past year I've talked 4 friends into buying a share in horses. They showed an interest and I gave them the hard honest truth and they still were keen. I told them: There are no guarantees; Spread your risk - if you can buy a small share in more than one horse (not micro-shares) - if not this year then buy another next year; Buy into a syndicate that has less than 25 shares; Choose a well-bred filly as it is more likely to give you a residual return than a colt or gelding; Only invest what you are willing to lose i.e. consider the up front cost GONE; Budget for your monthly expenses - consider that gone; Include in your budget money to pay for your travel to the races - being on course introduces you to the process that can be fun and gives you a better understanding of the challenge. If you win you will have considerable fun (budget for the long session in the bar); It's cheaper per year than golf or six pairs of fashion shoes. Regarding the latter you only need one comfortable to go to the races and the people that own horses don't notice you are wearing the same dress or shoes (they have short memories!). How many have you talked into a share in a horse? I imagine you've talked a dozen out of it and I need to work harder to keep the industry at the status quo.

So what are these "ownership skills"? I guess you have had a few slow ones. I think you underestimate the younger generation. They know enough to have a small share in many than a large share in one. What difference? They actually get less privileges as there is a limit on the number of ownership "freebies". Generally the same for all very large syndicates. As for those that put $1,000's into the sport - yes a lot of owners do but they spread their risk over a number of horses. The way you write it is as if you are promoting the OBC/Mafia or at the very least an elite privileged ownership model. Which would seem to indicate that you are part of the problem.