Brodie

Gamma, you just can not chuck money into something when you just havent got it? HRNZ have massive problems going forward!

Galah, $1k drops in stakes for lower grade horses? What were the stakes for Cambridge etc. before Entain came with the dollars? Stakes in a couple of years are going to be a helluva lot less than a $1k drop!

Why doesnt Harness Racing Victoria put in a couple of hundred thousand like HRNZ are doing? Slot races are fine Gammalite, but hRNZ can not afford to heavily subsidise these races! The other thing of major concern is the fact that the money is going to go to Ozzie probably, so thats a big win for NZ lol Victoria and Queensland are only being held together by state government and Seymour and there is no one in NZ that is going to be doing that here!!

To be fair, you dont really need to be Einstein to see what is happening with HRNZ and their usage of the mega millions being received from Entain! The other thing is that the TAB is also operating in a way that is is also detrimental to the best business practices of increasing turnover! The truth of the matter is rather than just a hunch, it is more having the ability to judge whether they are actually making sound business decisions! The fact is that Galah and Brodie are prepared to speak up while others who think the same and say nothing is an indictment on the industry and its future prospects! More need to be speaking up now rather than let the once great harness industry self destruct by the decision makers not protecting what we have! More than happy to be totally wrong and time will tell!

Chief, we were looking at how HRNZ were operating with the money from Entain, when they shouldve been investing wisely and with restrain, rather than operating like a kid in a lollyshop! We all knew that things were not great prior to Entain’s promise of massive funds for 50% of the TAB profits for 25 years! Looking at the 2025 accounts the accounts are not looking as good as they should be bearing in mind the funds received from the Forbury Park sale and Entain contributions! We have the major issues with the AtC and Cambridge clubs as they appear they are in quicksand and not able to get out? Is there anyone apart from Gsmmalite that can try and convince us that HRNZ have acted financially responsibly to enrich harness racing into the future, as from the sidelines it doesnt look great!

Dont use their promo’s at all except if they text and offer to match deposits, and why wouldnt you? anyway don’t need their free money, just ask to be treated fairly and equally as other punters! They take all bets from some punters what they want, and yet other punters get treated very unfairly!

You are correct Chief that I hadnt checked out the accounts for HRNZ at all, and appreciated you showing the actual financial position! What it does appear to show us all is that they are not that financial to give us much confidence in the future considering recent receipts such as Forbury sale and Entain putting mega millions in and with future promises! How do we think Auckland and Cambridge are going to get out of the shite, when HRNZ dont appear to be in any position to help are they?

The stabilisation comment was that they werent losing as much as they were previously! some will see it as being ok, others can see it as not so good, definitely can not see how they could possibly be able to continue to race for the stake money currently and expect to be able to make it pay? Would be good to hear from Brad Steele again to see how he thinks things are going now and in the future? 30million is buggerall to show for the years they have been going and would be grest to know what the financial situation was in say the year 2000?

Looking at it and I only skimmed through it and looked at the bigger numbers rather than the general things! Much appreciate Chief giving us all the report to analyse. On the face of it, there has probably been some stabilisation but does not give too much confidence in the overall picture when there has been 13million from Forbury Park sale and the mega millions already received from TAB/Entain in the last couple of years! One question that should seriously be asked is of the sale price of Forbury Park for over 13 million, why was there a cost to sell of 10% of the sale price??????? WTF did someone get financially rewarded massively??? They need to explain as it seems s very very fishy does it not? 32million is not a large amount to have bearing in mind Auckland owes in excess of $80million and growing by 500k per month and Cambridge is BROKE and will not be able to trade out either of them! There is also promises that HRNZ have made in the future that has to be accounted for and the Entain funding to HRNZ is going to be significantly reduced in coming years? At the end of the day hopefully HRNZ are in good hands and they do best for the industry to survive and thrive, but are there many out there that believe they are

Thats good that it isnt all gone! Is there anywhere that shows us this increased cash position? The increase is clearly from Entain and is the extra $20m you say they have, the money from Entain for the next couple of years that will be used for stakes over the next couple of years? What is the true asset position of HRNZ do we know? In the Entain Terms and Conditions was it written that HRNZ has to spend the full amount on stakes and bonuses in the 5 years? Investing the funds from Entain wisely to give them a good return to be able to fund the stakes would have been a helluva better option!

Chief, why are the terms and conditions to what Entain has to contribute to NZ racing commercially sensitive now? They have no competition from other betting agencies, do why? Rest assured it will not be much and stakes are going to plummet and there sill be so many owners currently who will give it away! I reiterate, Entain are not interested in NZ racing, it is not their forte! Anyway, do not like having to point out the future the way it is going to be for harness racing, would much prefer to have it thriving! Probably no point debating it as it has little effect on myself, more frustrated for the genuine participants who rely on it for a living!

The Reefton maiden will not lose as much money for the industry than what the slot race will!! Not sure What part of HRNZ can not afford to keep running races at a loss do you not understand?

Gamma, why would I buy a yearling when the future return is going to be so low? Far from being a miser, invest mega dollars investing!

What HRNZ has been lacking for a very long time is making good financial business decisions! They were given a life line and squandered it!

Noodlum, of course grass roots owners would love a slot race horse in sbility! Galah is correct though, most punters and we need the punters, do not give a rats about slot races!! What they should be concerned about is whether there is going to be harness racing at a sustainable level in the years ahead! What plays out in-the years ahead is what is being defined now! I would be more confident in what Peter Cook says than Brad Steele and co. at HRNZ say!