the galah

So what myself and brodie have been saying long ,long before the report was available for reading,turns out to be true. The report confirms what we've been saying. prepping for a job at hrnz are you. It was an irrelevant comparison and you would have known it when you came up with it.

Your interpretation of what we've been saying is not accurate. What we've clearly been saying is hrnz's expenditure is not sustainable and that they will be eating into their cash reserves which will eventually leave them short when it comes to having funds for future stake levels.. the books you quoted show a drop of $3 million in just 1 year. and we've been saying that the guaranteed minimum return from wagering runs out in a couple of years .So theres a possibilty that their income from that source could be reduced.If it is,then add that to the $3m shortfall per year. Then ,you seem to have ignored Mr steeles on record statements about HRNZ policy as far as supporting Auckland harness racing. Hes said hrnz will help the atc set up a training establishment when they have sold the pukekohe training centre. Thats in the $10's of millions,,seemingly close to $20. Anyone can tell thats never going to happen. Any fool should be able to see if it did happen the whole of nz harness racing is screwed. so you take off the 20m hrnz investment in auckland from the $32m and then you take off the current $3m a year they are ovberspending and within 4 years your cash reserves are gone. then you factor in the $13.4m they got from forbury supposedly not being able to be used for auckland anyway,so that would mean if they proceeded with the auckland training centre they may have to borrow money to do that.Of course that won't happen,it will instead be big stake cuts. thats all assuming they were to keep stake levels at their current rates. Now obviously thats a picture that is over simplified given the many variables,but its still accurate enough to paint a picture of where things are headed if HRNZ stick to what they have said they will do. One day,someone at hrnz will start making some sensiblejudgment calls you would hope.

ii wouldn't call it stabalisation. if you take off what they said they were proposing to spend on the new auckland training track,then take off the forbury money,which has its conditions attached then take off another drop of $3 million for next year,what have you got. An industry in financial trouble is what you would have. current leadership seem to be betting on the returns to harness racing from the geo blocking ,especially from sport,and the demise of the greyhound indutry,being enough to keep the ship afloat . they are going to look really ,really dumb if their bet doesn't pay off. hey,just how their bet fares,no one on either side of the argument can be sure.I think its going to be a losing bet,but the level of damage,just serious,not terminal. personally i think the bet they're making is going to turn out its not going to turn out really,really badtbe as bad as some think,just its still going to be bad the point is,why even make the bet in the first place.,why not just operate within your means until you know all the facts.

so i have just had a brief look at the annual report you posted which does provide context for the change from 2024 to 2025. so in 2024 they had $35m ,then a year later(2025) they have dropped $3m to $32m . Then we factor in that hrnz won't be getting that guaranteed mimimun from entain in a year or two,that they are currently receiving, then we factor in that mr steele wants to spend millions on a new auckland training centre,then we factor in the forbury mony is supposed to be tied up for specific use as per the agreement with forbury. I haven't read the report thoroughly,but to me after a qucik look, the signs are there to indicate that what brodie and i and others are saying is the true picture,when you look behind all the hrnz spin. the reason they would have used the 2021 comparison was simply spin.So why did they feel the need to spin it.

that doesn't tell us anything about whether the way hrnz is currently operating is financially sustainable. it has no context. Its like you saying someone has $100,000 more in the back than 4 years ago,so gee, they must be doing a good job. But i then say to you,well they inherited $200,000,3 years ago. Then you would change your tune and say,they are going through their money. of course hrnz have received all the entain money and the $13m from forbury since 2021.. so we need proper context.

love your passion for the sport.

theres the 2 slot races at cambridge. One worth a million. i've given my thoughts previously on where the marketing spending should be directed.Its a complicated multi layered topic. i haven't even discussed the trot race not getting enough support to come up with enough runners to be run. Hrnz have done a u turn as far as that goes. They have done that to save face,had they stuck to what they said they were going to do they would have canned the race.

i said people " currently" have more interest int he non win trot than the slot race.come cambridge racenight,people will watch the slot races. But no one on any racecourse tomorrow will be discussing who's going to win the slot races. and when you say don't run features anymore,thats jjust deflecting again by saying we have said something that we haven't. the debate from our perspective is always about the sustainabilty iof the current spending and the impact it will have on the whole of the industry going forward. We never seem to be discussing the same thing even though we're always having these debates.

thats like saying having a million $ nz cup is more worthy of promoting than a half million $ nz cup. or a million $ slot race is more worthy of marketing than a half million $ slot race. thats the exact type of thinking that comes out of HRNZ. In fact i once had a bloke tell me how he had spoken to mr steele and mr steele said exactly that. If mr steele is right and all those high end races and marketing of high end races is the way to go,then where's the indicators its working.There aren't any because it doesn't work. This isn't the australian galloping industry,this is the nz harness industry we are discussing.

I don't get what that has to do with all the threads that are on this site regarding whether hrnz should be investing so heavily on a slot race. also.are you serious when you say you think a 7 horse ,one off slot trot race dominated by a $1.30 favorite is somehow going to capture the publics or the betting publics imagination.Maybe you do think that.Personally i think your dreaming if you do.

thats like saying if you think your wife should not be spending $500 on a dress because you can't afford to spend that much,your saying the argument is about the quality of the dress,not whether she can afford the dress.

again,your not willing to debate whether the stakelevels for all harness racing will be sustainable in the future. So you go to saying we're all anti this and anti that. Your deliberately deflecting . You do that to avoid debating the merits of whether hrnz is operating in a way that will see sustainable stake levels going forward. You know thats what we are always saying,but you never address it and instead label our posts as anti racing,anti high achievers,anti auckland,anti hrnz,etc.

your confusing debate over where hrnz spend all their money with interest in a slot race. so its not accurate what you say. if you read this site,you would see no one ever shows any interest in the slot races except gammalite. this site is made up of perople who's interest in harness racing is gambling and grass roots racing. i'm sure if you asked the average person who follows harness racing,you would realsie they currently have more interest in the non win trot race at reeftion tomorrow than any slot race.

you've made the same comments previously gamma. i've pointed out before that you don't seem to understand where the money is coming from. for example,if i ibought your car and gave you $10000,then you went and spent the $10,000,your not going to get any more money from me,nor are you going to let me say what you should have spent the $10,000 on. in other words its your responsibilty for spending the $10,000 wisely. If you don't it won't effect me one bit.Nor will anyone feel sorry for you, if you've spend it all at once and have nothing left when its time to pay your bills next year.You can only sell your car once.

so the headline currently on the hrnz website is confidence returns,largest breeding increase in 16 years. hey,i'm not saying its not a good thing numbers are slightly up,but what is obvious is HRNZ are overplaying how significant the progress is. They could have run a headline that said breeding numbers 2nd lowest in history and that would have been just as true. Peden and steele talk about stabalisation of breeding numbers being so important and i get that,but its also very obvious that there had to be a point where numbers hit rock bottom. But anyone who thinks the numbers are good,as indicated by the headline,must be kidding themselves. all that story on hrnz is,is positive spin. i'm not saying i don't get why they have run that story,its just they have again way oversold it. lets remember HRNZ are throwing money around like theres no tomorrow and that includes substanial money being used to incentivise breeding. personally i just don't get why they can't see big holes in how they are dealing with the industry,including breeding incentives. Hrnz should be focusing on creating an environment where breeders have the confidence to continue breeding without the need for hrnz subsidising. And what happens if and when they can no longer keep stake levels at their current level because they have spent all the money trying to give an impression things are better than they really are. And i note they said the sires $5000 or under was the main reason the breeding number rose. Up by 231 on the previous year. But of course that also meant the sires over $5000 were down by 132. now that harness 5000 does seem to have worked for hrnz. I have no idea why anyone with much sense would breed to a harness 5000 on the basis of that it will be eligible for a one off race once a year worth $60,000. But people seem to think like that. My guess is yes there may be that one race they could aim to start in 4 years time but while they realistically have a very small chance of starting in may still be the same,every other race they are running in throughout the year could and probably will be less than what the current stakes are because hrnz is overspending to create that false impression. . As i said one other time,seeing more breed because of the harness 5000 is like watching the people silly enough to breed to nz stallions because hrnz said they would be running for bonuses in years to come,which of course they cancelled beofre anyone got that chance who had bred. But hey,hrnz seem to have sold people on that,so that was a win for hrnz.