The asset grab seems , to my unprofessional eye - not possible, so no money likely to result from that.
Not granting permits to race is another matter altogether.
I would hope, that if the proposed action does take place, that Reefton [ the club ] and Hokitika do NOT supply stabling for any horses that do decide to make the trip over, as Kumara has none and Greymouth doesn't have enough for all...I shouldn't think many would bother however for two venues only.
The lack of racing in the whole of the South Island north of Christchurch has long concerned me though...and with the earmarking of Riverton and Timaru [ in particular ] for closure, that eliminates two viable jumping courses from the South Island.
Riccarton now only bothers to host one meeting, the Grand National, which must be under threat if there is only Dunedin left to host jumps races.