Huey

So they won about as much as one of their yearlings cost?

No you can't have it both ways ,but you certainly can't have it the wrong way ...which is exactly where this is heading.

They are all a protected species to me, like your idol I believe we need every track we can get, that's been proven countless times year after year in this industry. I'm also not confident a bunch of fly by nighters are the right people to be telling the industry which tracks should stay and which should go, not to mention the governing body should never be given the opportunity to spend a $ of the industry money they've proven that over and over again, should any of these ... it will be nothing short of a disaster. Fools involved in the disaster that is Awapuni, millions on an IT system that never got off the ground they make the Green Party look good!

What is up & running @Chief Stipe ?

None of the clubs have done anything to deserve the treatment they have gotten from NZTR. Only the delusional or those who dont understand the ins & outs of club land like @Chief Stipe think they do. More importantly why does the industry let NZTR think it's not needed.

I guess the logic is owners liable to have a bet.

Have to be ... wow just wow

You make some very valid points, but never understate the impact of the world class "GRAND TOUR!" Failing that @Chief Stipe & @hesi are confident asset theft and the under 35s crowd will have the sport hitting new heights

Speaking of FRAC ownership looking at the website of the FRAC Club a 0.03% share of a horse called NEODYMIUM is valued at $345 per share, that values the horse at $1.1m if my math is correct ?

That's simply not the case , if what you're saying is true then some of the biggest clubs in the country should be closed down. Unlike you I've been there down that and got the paintbrush to prove it, the game has always been rigged against certain clubs in NZ and still is. Get on a committee and find out, stop talking tattle and start doing!

FRAC ownership is a racing mans salvation?

They certainly don't belong to an industry that has done all it can to run these entities into the ground. Was all the work someone from the committee did because @Chief Stipe wouldn't get off his proverbial to help worth nothing?

Rubbish ! So long as we know where you turncoats stand.

Nope you won't convince me , no different than having a bet.

With FRAC we aren't talking a 5% share & name in a racebook, could be 1000 or more in it ,it's a have.

So that gives you the right to steal assets , because some entity put up $1bn?

All very good advice and very best of luck to them all, but that's not what these FRAC type syndicates are.

Can't agree on that one, it gives them a distorted view of real ownership . You then end up with owners who have no ownership skills , jump in and out of horses, struggle to deal with having a slow one etc. See BGP for example. Not to mention the difference in how they are treated to existing owners, many of whom put $1000s into the sport. Best they stick to @Chief Stipe disco model for those ones.

Oh so you know, well let us know the numbers . I'm intrigued , do you also know what the clown show is doing to fix the decline?

I'm guessing it'll be down again , but isn't it one of their strategic priorities to fix that?

Not at the clubs where you use your Paintbrush Only fools would believe the assets or funds will be put to good to use Not true they are only a snap shot in time and don't show the truth detail of a club I've not seen a strategic plan in this industry work in my lifetime, why will now be any different? Discos get them to the races , then what? It's a darn sight better than believing all the BS

Thankfully You're certainly solution focused enough for the both of us @Chief Stipe! You won't join a committee . You want to sell racing assets. You think reading a set of financial statements gives you a useful insightful view into the industry. You think the NZ Breeding industry is thriving. You believe in fairytales i.e. NZTR Strategic Plans You're the Grand Tours biggest propagandist missed any?

Where are you seeing these Green Shoots appear after the 5 years?

A guy forgets to buy you a Xmas present once and all of a sudden he is the grinch .. well I never!

Apart from the obvious promo this provides for the sport , it would be interesting to know how many go on from here into real ownership opportunities/activities in the sport. Most of these Frac ownership models have about as much ownership as having a punt on a horse every time it starts.