curious

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

What is market rate then? It seems a bit strange to base that in any way on what LRC earns. If I hire that venue for an agreed rate of say $5000 to run an event, it's none of OMRC's business whether that event earns 5k or 20k. That's the nature of hiring. If I go to the local hire company and hire a digger for the day for say $300, they could care less whether I earn $500 or $2000 from operating it for the day. What I can earn from it has no bearing on the market rate for digger hire.You have a weird way of looking at it.

I think that's about market rate as I said. Otaki are not compelled to take it. What did Otago Jockey Club pay Cromwell the other day or Winton pay Ascot Park earlier?

Otaki have use of their track and facilities 365 days a year to earn revenue. 10k a day for 3 of those days doesn't sound too bad and from what I know is in line with what is commonly paid. Maybe a bit less for industry days. Why you would expect Levin to pass on more of the revenue they earn from those meetings is beyond me. I'm surprised you don't expect them to pay Otaki their oncourse turnover commission as well.

So, it's an unincorporated charitable trust you are saying?