Chief Stipe

What about the $19m given to the Far North Holdings Ltd (RITA's Bill Birnie is a Director of that as well) to build business and innovation centre in Kaikohe!!!!!

Or the new collective - Racing NZ?

They still don't. The only assets they remotely have are intangible and they aren't worth the intangible paper they are written on. I would expect not for a number of reasons. Banks are not stupid - sustainable cash flow is important; RITA doesn't own the surplus assets at this point in time. Even the flawed legislation doesn't guarantee that. Banks don't really give much credit to might or maybe (excuse the pun); There aren't as many assets of any value that can be acquired under the new Act as we all might think (I must finish the analysis on that!); and so on... It is fairly simple really - if I was the Bank Manager I'd ask a simple question - Why does the Cambridge Jockey Club need a Government handout if they can't afford to fund their own track when they are the largest training operation in Australia and NZ by number of horses being trained?

Rule Number(s): 638(3)(b)(ii)Following the running of Race 1, the Hygain/Mitavite Maiden 2YO and Up, an information was filed by Chief Stipendiary Steward, Mr J Oatham, against Licensed Apprentice Jockey (Class B), Mr K Chowdhoory, alleging that, as the rider of READY TO ROAR in the race, he“ used his whip in an excessive manner ... (Feed generated with FetchRSS)View the full article

Probably not as we would have to import some Australians to create a new hybrid. At the moment we can't do that.

Rule Number(s): 869 (2) & Whip Regs (b)Mr Tristan Larsen (JABALI) was charged with a breach of r 869 (2) and the Whip Regulations (b) in that he used his whip excessively in Race 6. Mr Larsen admitted the breach and appeared at the hearing assisted by Mr K Larsen. Miss Haley, with the use of the videos, stated JABALI was the leading horse ... (Feed generated with FetchRSS)View the full article

Rule Number(s): Rule 638 (3)(b)(ii)This charge arises from the running of Race 5 the Eagle Technology 1200. An Information was filed pursuant to Rule 638 (3)(b)(ii) by the Informant, Mr Williamson, alleging that Mr Weatherley used his whip excessively prior to the 100 metres. Mr Weatherley said that he understood the Rule and confirmed ... (Feed generated with FetchRSS)View the full article

Rule Number(s): Rule 642(1)Following the running of Race 10, the Barfoot and Thompson Body Corporate 1200, an Information was filed Instigating a Protest pursuant to Rule 642(1). The Informant, Mr Opie, Trainer of BACK IN A FLASH, alleged that LUPELANI or its rider placed 1st by the Judge interfered with the chances of BACK IN ... (Feed generated with FetchRSS)View the full article

Rule Number(s): Rule 638(3)(b)(ii)This charge arises from the running of Race 7 the Barfoot and Thompson 2200. An Information was filed pursuant to Rule 638 (3)(b)(ii) by the Informant, Mr Williamson, alleging that Ms Farr used her whip excessively prior to the 100 metres. Ms Farr said that she understood the Rule and confirmed her admission ... (Feed generated with FetchRSS)View the full article

Rule Number(s): 638(1)(d)This charge arises from the running of Race 8, the Barfoot and Thompson Property Management 1400. Senior Stipendiary Steward Mr Williamson filed an Information pursuant to Rule 638 (1)(d) alleging that M Kareem permitted his mount HUSK to shift inwards when not sufficiently clear of MISS FENDT and COTTON ... (Feed generated with FetchRSS)View the full article

Less is More. We've seen what the focus on the stupid metric "turnover per horse" does when you ignore quality of the punting product.

But in other jurisidictions/codes would: the horse get a start; be allowed to start.

Rule Number(s): 869(3)(b)Following the running of Race 7 (DUNSTAN HORSE FEEDS MOBILE PACE 2200m) Information No. A11105 was filed with the Judicial Committee. It was alleged that Mr Butcher drove carelessly when striking a sulky wheel near the 700m losing all chance. Mr Butcher acknowledged that he understood the Rule, the Charge ... (Feed generated with FetchRSS)View the full article

Rule Number(s): 869(2)Following the running of Race 4 (SPEEDING SPUR AT WOODLANDS STUD TROT 2700m) Information No. A11104 was filed with the Judicial Committee. It alleged that Mr Jeffries the Driver of MAJESTIC STRIDE used his whip on more occasions than is permitted under the Whip Regulations over the final 400m of the ... (Feed generated with FetchRSS)View the full article

Yes. But those that pitch up every week (some every day) to have a punt for a couple of hours. Have owned racehorses and love the game. Always attend the local meeting. I'll pass on your best wishes Curious to Chris Wood and Michelle Bradley next week when they come in. Well I'll talk to Michelle first. ?

You are officially in line for the best post of the year. Split decision between you and Freda.

Shit the locals have been misinformed.

I really think that NZ Racing is back to ground zero. We should discard all our self interests and start again with a blank sheet of paper. Identify our core advantages - one of them is we still produce a good racehorse; another is we still (barely) have a lot of passionate enthusiasts who love racing that would continue to provide low cost GOOD tracks for a few beers on race day. Some of the Cambridge trainers should acknowledge that (interesting who trains at Matamata). An anecdote. I went down to the KT tonight (one of the last true racing and sports pubs) and the locals were excited. It has been announced that Ruakaka has been allocated some race dates when previously they hadn't.

I agree. The fact is we (they) manage to the wrong metrics. I know I might sound a bit of an arrogant know all prick but unless you manage to the right metrics then you will fail. For example with Covid-19 the Japanese are focussed on the number of deaths NOT the number of confirmed cases. The problem with what you suggest "realigning horse numbers to available tracks and opportunities" is that NZTR control which tracks and opportunities are available. They should step back and redefine what their objectives are and the key metrics to achieve them.

JJ Flash since you are onto it and care about my happiness could you post the Business Plan for the new racing year? I believe this is statutory requirement and 1 August isn't that far away.

Thanks for you care and concern about my happiness. I would say something good about it but I can't find anything. That's a process they should have started 12 months ago after having had all the information delivered to them in the previous 6 months. As for NZ Employment Law - you can complete due process in 4 weeks tops and not break employment law. McKenzie with his vast experience and knowledge along with each and everyone of his Board members would have known that.

I berate myself for appearing negative, doom and gloom - the reason why Reefton stopped posting. I was told early in my career when working for an Organisation that was following the same game plan as NZRB/RITA has that - "Doug the problem with this company is it believes its own propaganda." In my naivety (honesty) I presented a well researched analysis of the business and a plan to improve its position. I didn't know at the time the company was already to go to the stock exchange to raise capital to keep going. The prospectus they used I had just proven to be wrong. All my work was deleted and I lost my job. That company was called Applefields.

I think so. It was an off the top of the head calculation - you know on the back of Winnies cigarette packet. However $140m doesn't reduce the debt issue. LOL venues will be surplus because there won't be sufficient revenue to hold the number of races relative to the number of horses.....unless of course you reduce the individual stakes which has some merit - especially redistribution from the top end.

A serious discussion needs to be had with the Racing Codes regarding Stakes. A come to Jesus meeting and reality check. Before you even think of it - the All Weather Tracks are NOT going to improve things i.e. generate MORE net revenue. They ADD more cost NOT reduce it. The Surplus Assets grab isn't going to help either. Not only will it take time to go through that process but who in their right mind would sell good earning assets to fund consumption e.g. Stakes? Ideally you would convert the surplus assets into investments that increase revenue but that will take time. Operationally there is NO ROOM to move in terms of extra revenue. It is obvious from this half-yearly report that fees from overseas bookies are not the white rabbit honey pot!!