The ATC put out an update yesterday on the property sale to Mt Hope. Apparently Mt Hope have the money but are not sure if they can move it out of China in order to settle. I must say I’m not impressed with the tone of the statement by Jamie MacKinnon, in these situations it is better to stick to the facts & not indulge in sarcasm.
Jamie MacKinnon stated clearly in an interview with Paul Campbell that the club had received a $10m deposit from the buyer. It appears that if they pull out they will forfeit that payment. I assume the broker & the lawyers have taken their cut & would estimate if the buyer pulls out the ATC would pocket around $6.5million and would then put the property back on the market.
I wonder if the developers don’t settle on time at what stage could the ATC pull the plug on the sale, pocket the deposit & re list? As I write this it just occurred to me that the listing agent for the sale would pocket a fair wack of the deposit.
Very good point. It leads me to ask how many people at HRNZ are employed in the marketing/ social media department and what are they actually achieving? HRNZ would be better contracting Nigel to do more & then have a serious look at how much they are spending on wages in marketing. We don’t want to end up like Victoria.
Completely agree. After Addington they cut away to a greyhound race, undercutting their whole premise that Harness owns Friday nights. Let’s see the fun winning owners are having on Trackside.
Westview & other syndicator get people into ownership who otherwise wouldn’t be involved, that in itself promotes betting.
Absolutely needs to happen, though doesn’t necessarily need to be restricted to on course only.
I don’t like the idea of races shorter than a mile.
There’s very frw mile races at the moment. All mile racing will never come in because there are only a few tracks mile racing is suitable for. I would like to see a few on every card at Ashburton & Nelson & Winton. I agree one of the strengths of NZ Harness is the variety of distances.