I have a small interest in a horse racing in NSW.
Racing NSW have this week set out details of stake increases (from 1 Sept - see attached), a key feature being increased payments to horses finishing 4th to 10th. What is interesting is that stake payments for horses finishing in this band will be paid directly to the trainer's account. These funds will in turn be credited against monthly training fees. I believe the objective is to assist the trainers cashflow. I'd also make the point that Racing NSW stakes monies are paid fortnightly.
As part of the review of NZ racing I would have thought changes along these lines on this side of the ditch would be worthy of consideration.
Thoughts?
Important-Notice Stake Money.pdf
