The concept that I am referring to, was based on the research I had undertaken back in 95 about "racing ownership in NZ", I was lucky enough to have been able to present this info, my research, to one of NZ top economists, one who has/had held the top govt role in that position, he was a keen racing man! he crunched all the names, we when got together to meet and discuss my 'info', he stopped and said "gee, this is a classic case of a sunset industry'. that was based on the historical decline of 'real' investment in the Industry. Simple put, the pie was getting smaller and was only tracking one way... Its been interesting to see how 'the whales' have been able to mitigate their 'investment' by the White Knight Sir Winnie of NZ1st galloping in to....
re The Clubs, most of their stuff has been around 'moving chairs on the titanic' and procedural politics around 'picking prefer club$' and transfer wealth from the periphery clubs to the core chosen clubs.. country to city (over the years there has been some interesting economics share around that process, sigh, one person springs to mind, dam I cant recall his name, Laurie M from down southland?? others have made interesting comments, again, names escape me Rod HIll?
Its interest to see what has been directed at 'The Punters', some great improvements have come via better technology options, TV and the range of betting options etc... but there has been a interesting contradiction at play their! Along with the 'more sorts of bets' , the TAKE OUT$ have increased Big Time, that was covered in a post put up here a few months back around real insights from that au bookie, ( I was surprized that that thread got almost no responses) he pointed out that all those excocts slowly over time negated actual turning over of any punters betting, simple put, most lost their money quicker!!!! and that in the end negates final profits going forward.
Having said all that!!! Speaking personally, HOW can One make sure the One Gets Some FUN out of having a interest in 'things racing nz'. Lol, I have spat the dummy a few time over the last ten years! tragically, I keep dusting it off and coming back for more! I hope you are finding some joy, somewhere, with your involvement!
ps @TAB For Ever I await your brutal critique of the above!