curious

That's correct according to AI.Though it cant seem to provide a source. The New Zealand Thoroughbred Racing trainer premiership for the 2012–13 season (which ended July 31, 2013) was won by Michael Pitman, based in Riccarton, Christchurch 🏆 Michael Pitman – 2012–13 Season Highlights Total Wins: 74 Runner-up: Murray Baker with 61 wins Third Place: Lisa Latta with 58 wins Pitman was known for his large team of runners, consistent performance across both islands, and strong strike rate with sprinters and middle-distance horses. His stable was particularly dominant in the South Island during that period.

Correct. From the annual report. 2011 Congratulations to Canterbury trainer Michael Pitman on a dominating win in the New Zealand trainers’ premiership, holding off Matamata trainer John Sargent and Awapuni trainer Lisa Latta. 2013 according to NZTR. Dunstan Trainer of the Year Murray Baker & Andrew Forsman

I didn't think so, but may be wrong.

Other than FY08, when were they?

And as I recall Carson won it when he took over much of Lisa Latta's stable?

Yes there is. Pitty won it for 25 years until Carson did. https://nztr.co.nz/news/christchurch-casino-south-island-racing-awards-winners-announced

As far as I can see, stakes for the SI are the same as the NI, unchanged for most races for 3 seasons, though a couple of jumps races, the Guineas, NZ Cup etc. have been boosted.

I'm not sure that pedantic discussion about whether the state of stakes qualifies as "stagnant" or not, is very useful. To me they are because most horses are racing for the same winning stakes as they were for the last two seasons, And that is likely to continue for the next couple. Why that description of stakes in the head post has become the focus of this thread doesn't make a lot of sense to me, when I find most of it vague and not well argued even if it does make a couple of good points.

Of about CPI, so not increases in real terms.

To me it's certainly stagnant, with no year on year increase from last year and none predicted in the next two.

Oh and there's no need to shout if you disagree with me. I'll hear you without that.

As far as I know ~ means approximately equal. Never heard it be read as a negative sign.

If you mean from FY24 thru FY28 (predicted). For that 4 years, yes that's ~20%. That's what I said. What's your point?

Yes. All tote turnover.

Given NZTR paid out circa $100m stakes funding in the latter 2 years at least, $3mil seems a bit light. Maybe check your arithmetic. Hopefully, things don't get that bad going forward!

Not over the next 5 years. Where do you get that idea from?

I'll put these here because the latest one wasn't well received in another thread. Can't find the June one but I forgot I had them and these two give an idea of monthly yoy turnover progress pre and post the online overseas betting ban including sports. The latter is consistent with the above for TR turnover.

Read again. As the Entain funding became available, it was phased into stakes increases over the first 2 seasons with the full amount after that with a $10m funding increase for last season. Though they put enough in for the first season to ensure the current stake levels from year 1. There's no plan to increase those or total stakes funding by more than CPI through the remainder of the deal at which point they will likely drop unless they find something at the end of the rainbow.

Stagnant from when the Entain funding came to hand. NZTR went to some trouble to negotiate that be maximised in year 1 on the basis that it remain essentially stagnant through 27/28. That's the business plan. Probably the right thing to do while as the CEO said, they look for another "pot of gold".

However you might like to frame it, the facts are that they are going round at Wingatui on Friday for 18k same as last year and the year before. That's smellily stagnant to me.

It also shows that sports turnover is now roughly double racing turnover.

Don't quite get your point here. If stakes are stagnant, that's the same whether horses are leased or owned and in the former case for both lessors and lessees isn't it?

Oh I thought it was interesting in terms of the YOY numbers post the online monopoly legislation. Racing turnover consistent with what I posted previously ~13% but sports well up at 30%.