
curious
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Everything posted by curious
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Nothing to sell. It's leased. From the Messara report: Te Teko– Venue with 2 race meetings in 2017/18. Fair location. No training.Early season trial centre. Helps to retain racing in the Bay of Plenty. Requiresgeneral facility improvements and landscaping. Leased.
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I reckon 125 races equates to about 16 meetings. So I guess it's think of a number and double it. I also note that the reported costs to NZTR of those abandonments was as below. Abandoned meeting costs 296,405
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I think there's been some creative reporting going on which as I have said were part of the fraudulent figures presented to cabinet to get the bailout funding including the $20m for the AWTs. 23 meetings affected somehow converted to 32 abandoned. From the FY2018 annual report: ABANDONMENTS While there were less races lost than in the previous season, abandonments continued to be a problem.A total of 125 races were lost, through nine full abandon-ments and nine partial abandonments. Five other meet-ings were affected by weather or track conditions but were completed in full after being transferred to another date.Thirteen meetings had been fully abandoned in the pre-vious season but the number of races lost in 2017-18 was only eight less than the previous year. It was only the third time in the past 15 years that more than 100 races were lost in a single season
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Is RITA actually a legal entity? Well not as we know it.
curious replied to Chief Stipe's topic in Galloping Chat
They've already been found useless. The jury is still out on negligent but from here it looks probable. -
I thought the CJC were selling that to pay for the AWT?
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Synthetic Track Use: Cost to Train Increases?
curious replied to Chief Stipe's topic in Galloping Chat
A very tired old conference centre now to boot. -
Synthetic Track Use: Cost to Train Increases?
curious replied to Chief Stipe's topic in Galloping Chat
He was previously CEO of RACE and earlier a stud manager, the ill-fated Blandford Lodge. -
Synthetic Track Use: Cost to Train Increases?
curious replied to Chief Stipe's topic in Galloping Chat
It says it's David Jewell, formerly at NZTR. -
The surprising thing to me is that they've scheduled 6 meetings on the Cambridge one before it is even complete let alone tested in NZ winter conditions. One fatality and they'll have the animal welfare activists all over them.
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https://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=12333111
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Remember running into a syndicate out for dinner celebrating one night after a Riccarton meeting. Horse went ordinary they said. They had a syndicate policy of celebrating when they got beat not when they won. More parties that way!
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Always a long trip home if they don't go any good!
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Rangiora to Invercargill?
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It has 6 meetings scheduled for 20/21. https://loveracing.nz/OnHorseFiles/LoveRacing/Articles/2020/Revised 20_21 Racing Calendar MEDIA RELEASE.pdf
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The cobalt bloke?
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If it's not intended for them to race there next May, why would they have a date in the draft calendar?
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The other issue is sourcing the grade of silica sand required isn't it? They were thinking they may have to ship it from Oz but eventually sourced some in Northland I think. What about the South Island? That will be expensive if there is none closer. Especially, given it needs to be topped up every 3 years and fully replaced every 7 or so as I understand it. As some have noted, disposal is also a problem. Seems to create a significant ongoing expense at a time when there is already way insufficient sustainable revenue.
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All probably a bit late from what I hear they have taken another option to preserve the assets for the community. Anyone confirm?
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Foxton members would say the same I'd say. As the CS said, Avondale $200m+ of assets. RACE, what, $5m+ of debt and that guaranteed by the insolvent RITA. I wonder what their lenders are thinking.
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Who said they were not looking at options?
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That's totally the right of the AJC to determine. The committee are accountable to the members and they determine the way forward. What would be the point of meeting with those other clubs given their licences have been taken away. The only point would be if they had licences and wanted to negotiate where they would race those dates. The proposed legislation is aimed at taking away the rights of the club (and others) to determine the use of their own assets, actually to take them away altogether. That is not what the Messara report recommended.
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RITA obviously have a better plan than either he or Messara do. I'm curious to find out what it is.
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I just don't understand their thinking here. The clear advice from Messara was to retain at least one track in each region. He said variously pretty much the same thing about these. Te Teko: Helps to retain racing in the Bay of Plenty. Gisborne: Retains racing in the Gisborne region. (and Wairoa is supposed to race there) Marlborough: Closing would deny the Marlborough region a racing venue and there is no nearby alternative. RITA seem to have ignored this advice. How the f&*K could they do that? They have a clear instruction from the Minister to operationalise the Messara report and retaining at least one track in each region was a key part of that. I sure hope the Minister will be asking some serious questions.
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The Messara report did not recommend that they merge with ARC. It recommended they not be issued with a licence and that they should race either at Ellerslie or Pukekohe. It also recommended there assets be sold for the benefit of the industry which what they clearly are not keen on. There is very little sign of the powers that be following the venue or for that matter many of the recommendations in the Messara report.
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Unpaid Forfeit&Arrears List in the NZTR Calendar
curious replied to Extra Dollars's topic in Galloping Chat
Arrears List means the list of Arrears kept by NZTR in accordance with Rule 1201 GENERAL1201 An Arrears List shall be kept and, from time to time, published in whole or in part by NZTR. It shall include all Arrears, within the meaning of these Rules, that have been duly notified to NZTR for that purpose. Every entry in the Arrears List shall state: (a)the date on which such entry was made; (b)the amount of Arrears and the body or person to whom the Arrearsare owing and payable; and (c)unless NZTR considers the circumstances do not warrant it, the name of the body or person who is in Arrears and the name of the horse (if any) in respect of which such Arrears are payable. In the case of a Legal Ownership Entity, NZTR may choose to name solely the Racing Manager