curious

It does raise the question (again) though. If that was the POCC takings based on 10% of racing and sports overseas spend, indicating maybe a $40m total spend, how on earth did they arrive at $200m when promoting the monopoly legislation.

Yes. The 13m was the estimate for the 4 year life of the POCCs.

Oops. That's a typo. Good catch. I have ~$4m.

The quantum was what the industry or meeting earned and that had to be divided between stakes, operating costs, and infrastructure. If you don't do that and live within your means, you don't have a sustainable business.

I disagree too. The allocation of bulk funding to clubs has been entirely their responsibility.

https://app4.vision6.com.au/em/message/email/view.php?id=1940906&a=102293&k=-JC_p1txEUKxxeVfIn9_X8SAbEDmbKMZBEsDHUcjS7U

It should have come from what the clubs were earning as it always had before.

And Hastings maybe next?

What? The accounts have absolutely nothing to do with NZTR or the Minister being able to deem a club a surplus venue and get an Order for transfer to the code. Where do you get that idea?

You don't need a complex analysis to work out that if you offer stakes aligned with what clubs earn, then you have a sustainable business. It's how the world works. Most of us and most businesses can't buy things or spend money on things just because we think we need them, a few governments and councils aside We have to also have the revenue to pay for them, or like NZRacing, we end up in the dole queue, hand out to government and anyone else we can find to keep going.

It would if stakes were aligned to it as they were 20 years ago.

You'll probably say it's a bit of an archaic business model, but what about going back to funding clubs based on their wagering earnings?

Interesting to note that hospitality packages for these are all sold out in the SI from Riccarton to Southland, yet all still available Saturday for Mufhasa Classic and Bonecrusher Stakes day.

Because RACE didn't have the money to lend it to them?

I doubt Otaki earn that from running their own race days there