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the galah

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the first to report anything on the auckland club,is peter profit as usual.

whille i can only read his headlines,it suggests good news for auckland and pukekohe.

Nothing in any of the nz media so far..

peter profit also reporting a well known australian trainer coming to auckland.

lets hope mr profits story is accurate,just it would be nice to know some detail if anyone has it who went to their meeting?

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1 hour ago, the galah said:

the first to report anything on the auckland club,is peter profit as usual.

whille i can only read his headlines,it suggests good news for auckland and pukekohe.

Nothing in any of the nz media so far..

peter profit also reporting a well known australian trainer coming to auckland.

lets hope mr profits story is accurate,just it would be nice to know some detail if anyone has it who went to their meeting?

Sounds like this peter character knows someone very close to the action ! 

But you report nothing he has reported , maybe its too positive and doesn't suit ?

My connections are barely home from the meeting , so in view of this and the fact that media is excluded from meeting it no surprise nothing in 'media' !

The meeting began at 6.03pm Tuesday [ last night].....all the positive news and future plans took well over 2 hours , then the free meal and open bar took part as excited club members and chatted about the encouraging news coming out of the Club and Harness Industry. A quiet celebration overlooking the ribbon of light in the City of Sails , all locked up and nowhere to go other than back to the dessert table and Bar !

Onwards and upwards , 12 races on Friday into Group racing and Golden Gait [$million night] into New years eve Feature.

The ATC is back......form is temporary but class is permanent !

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39 minutes ago, TAB For Ever said:

Sounds like this peter character knows someone very close to the action ! 

But you report nothing he has reported , maybe its too positive and doesn't suit ?

My connections are barely home from the meeting , so in view of this and the fact that media is excluded from meeting it no surprise nothing in 'media' !

The meeting began at 6.03pm Tuesday [ last night].....all the positive news and future plans took well over 2 hours , then the free meal and open bar took part as excited club members and chatted about the encouraging news coming out of the Club and Harness Industry. A quiet celebration overlooking the ribbon of light in the City of Sails , all locked up and nowhere to go other than back to the dessert table and Bar !

Onwards and upwards , 12 races on Friday into Group racing and Golden Gait [$million night] into New years eve Feature.

The ATC is back......form is temporary but class is permanent !

Have to say that the fields for Auckland on Friday are a improvement on recent times, and more importantly  its basically all Northern trained horses, as for Auckland Cup night time will tell if southerners travel.

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2 hours ago, TAB For Ever said:

Sounds like this peter character knows someone very close to the action ! 

But you report nothing he has reported , maybe its too positive and doesn't suit ?

My connections are barely home from the meeting , so in view of this and the fact that media is excluded from meeting it no surprise nothing in 'media' !

The meeting began at 6.03pm Tuesday [ last night].....all the positive news and future plans took well over 2 hours , then the free meal and open bar took part as excited club members and chatted about the encouraging news coming out of the Club and Harness Industry. A quiet celebration overlooking the ribbon of light in the City of Sails , all locked up and nowhere to go other than back to the dessert table and Bar !

Onwards and upwards , 12 races on Friday into Group racing and Golden Gait [$million night] into New years eve Feature.

The ATC is back......form is temporary but class is permanent !

Great that there is some positive news in regards the ATC as they just could not continue the way they currently are.

Do we know what this positive news actually is as we were told that the building of the apartments was going to be this golden egg for harness and we all know how that has ended!

 

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4 hours ago, TAB For Ever said:

Sounds like this peter character knows someone very close to the action ! 

But you report nothing he has reported , maybe its too positive and doesn't suit ?

 

peter profit has always had someone close to the action,so to speak,but don't you find it strange we rely on an australian for auckland news.

Too positive and doesn't suit you say. No i can only read his headlines as not a subscriber.As to positive news,i'm always keen to hear such news,but i'm channeling brodie here, when i say i've just been telling it as it is,in the past.

4 hours ago, TAB For Ever said:

My connections are barely home from the meeting , so in view of this and the fact that media is excluded from meeting it no surprise nothing in 'media' !

if thats the case,i'm surpirised the ATC would exclude media,given you decribe members like your friends chatted excitedly.

wouldn't you have thought, even if they didn't want any media there,they would have wanted to control the narrative and would have had a pre prepared media release as soon as the meeting finished.i know things would need to be voted on,but they should still have had one.

4 hours ago, TAB For Ever said:

 

The ATC is back......form is temporary but class is permanent !

gee,your easily excited.

Is aucklands crisis actually over,or has it just gone from looking like pulling the plug on the life support machine, to  back to being in need of critical care?

Anyway,nearly all the comments i've made about the auckland club have been based around how HRNZ is directing financial resources into the auckland clubs survival,when auckland continues to run their race meetings at large losses.

so,until that changes ,which seems highly unlikely,then the decision makers at  HRNZ will continue to be placed under increasing scrutiny,to stop undermining the finacial stability of the industry as a whole,just to prop up certain sectors with the preferential treatment.

the tale of the auckland harness racing has taken another twist in a different direction,maybe,we await more details,but lets not forget that doesn't change the basics.

Edited by the galah
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2 hours ago, Brodie said:

Great that there is some positive news in regards the ATC as they just could not continue the way they currently are.

Do we know what this positive news actually is as we were told that the building of the apartments was going to be this golden egg for harness and we all know how that has ended!

 

Have they stumbled upon a philanthropist.

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3 hours ago, Brodie said:

 

Looking forward to knowing what this exciting news is?

we've tried to find out brodie.

seemingly the news is so exciting, no one can put it into words.

we first asked Tabforever,who told us his mates attended,but apparently they over indulged on the free drinks that were available after the meeting,and tabforever hasn't yet been able to interpret the slurring hes hearing.

then we asked mick guerin,but as he was excluded because hes from the media,hes only been able to report he heard mumbling from the glass he held against the wall.

Then we were told aaron white will tell us on friday when he calls the races,but apparently he won't be there on friday as hes having eyesight trouble after steering too much at the ribbon of light.

then we turned to peter profit,he knows ,but he told us,mate,fair suck of the sav, we'd have to pay $20 to subscribe for a month,and the punting hasn't been that good lately.

then we put a call into jamie mackinnon,but for some reason he thought we supported the auckland harness museum and told us to p... off and that he would see us in court.

so,getting desperate we turned to a young chinese chinese friend, to intepret what the chinese buyers had said,but he told us he didn't know mandarin ,but did say he knew te reo,if some sort of treaty has been signed.

so,for the moment we still don't actually know much,other than its supposed to be exciting.

Edited by the galah
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3 hours ago, the galah said:

we've tried to find out brodie.

seemingly the news is so exciting, no one can put it into words.

we first asked Tabforever,who told us his mates attended,but apparently they over indulged on the free drinks that were available after the meeting,and tabforever hasn't yet been able to interpret the slurring hes hearing.

then we asked mick guerin,but as he was excluded because hes from the media,hes only been able to report he heard mumbling from the glass he held against the wall.

Then we were told aaron white will tell us on friday when he calls the races,but apparently he won't be there on friday as hes having eyesight trouble after steering too much at the ribbon of light.

then we turned to peter profit,he knows ,but he told us,mate,fair suck of the sav, we'd have to pay $20 to subscribe for a month,and the punting hasn't been that good lately.

then we put a call into jamie mackinnon,but for some reason he thought we supported the auckland harness museum and told us to p... off and that he would see us in court.

so,getting desperate we turned to a young chinese chinese friend, to intepret what the chinese buyers had said,but he told us he didn't know mandarin ,but did say he knew te reo,if some sort of treaty has been signed.

so,for the moment we still don't actually know much,other than its supposed to be exciting.

Quite amusing summary from you Galah ,I'm not sure why you so keep going on about one of NZ's top Harness Clubs ,trying to drum up negativity and set off Brodie with his repeated drivel of same ole ,same ole.

And Aucklanders have more things to do than to frequent chat sites worrying about things outside their control.

It must be 7-8 years since the horse-trainer and breeder based ATC Board saw their investment dream turn to custard and their club basically bankrupt.

Well they have battled thru that ,Covid and many issues worsened by a lack of cash flow and more recently a lack of horses and demotion to a second tier club with poor dates from HRNZ and they not only have survived but have a plan to rediscover their mojo .

This peter prophet character apparently gives the worst case scenario with much cynicism , while the ATC President and Board gives an extremely positive outlook ...the  current situation or truth is somewhere in between. The glass half empty type will scoff at the liquidity issue of Current Liabilities exceeding Current Assets by $55m , while the half full club will point to the overall equity of the Club being $95m . Closedown Auckland Harness and have $100m plus in bank !

And some cry about the Chinese buyer defaulting but the Club will say we have banked the $10 mill and still own the land which is increasing in value .

The Clubs various departments are Trading well and they are looking to continue this and prosper into the immediate future.

12 races this week , the first such programme since 2017.

The guys trying to battle thru this are showing real resilience and despite the challenges ,are doing pretty well...they weren't the ones who created the mess with the disastrous building development !

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14 hours ago, TAB For Ever said:

Quite amusing summary from you Galah ,I'm not sure why you so keep going on about one of NZ's top Harness Clubs ,trying to drum up negativity and set off Brodie with his repeated drivel of same ole ,same ole.

And Aucklanders have more things to do than to frequent chat sites worrying about things outside their control.

It must be 7-8 years since the horse-trainer and breeder based ATC Board saw their investment dream turn to custard and their club basically bankrupt.

Well they have battled thru that ,Covid and many issues worsened by a lack of cash flow and more recently a lack of horses and demotion to a second tier club with poor dates from HRNZ and they not only have survived but have a plan to rediscover their mojo .

This peter prophet character apparently gives the worst case scenario with much cynicism , while the ATC President and Board gives an extremely positive outlook ...the  current situation or truth is somewhere in between. The glass half empty type will scoff at the liquidity issue of Current Liabilities exceeding Current Assets by $55m , while the half full club will point to the overall equity of the Club being $95m . Closedown Auckland Harness and have $100m plus in bank !

And some cry about the Chinese buyer defaulting but the Club will say we have banked the $10 mill and still own the land which is increasing in value .

The Clubs various departments are Trading well and they are looking to continue this and prosper into the immediate future.

12 races this week , the first such programme since 2017.

The guys trying to battle thru this are showing real resilience and despite the challenges ,are doing pretty well...they weren't the ones who created the mess with the disastrous building development !

apart from the first 2 paragraphs,i think they are good points you make.

Me trying to drum up negativity or referring to brodie,is of course not how we see it.

I would point out,if you were to only listen to the glass half full thinkers,then you would only be getting half of one side of the argument.

while brodie doesn't need anyone to speak for him,i'm guessing he sees himself like me,someone who floats from glass more full to glass more empty ,based on a realistic assessment of just how full the glass really is at varying times.

Perhaps the best analogy i can give,in keeping with your glass half full/empty thing.

I see HRNZ as being the ones that pour from the bottle,that are keeping aucklands glass half full,and every time they top it up to half full again,i see the contents of the bottle getting a bit emptier. And as hrnz have only that one bottle to quench the thirst of not only auckland,but everyone,then i see that as inevitably meaning, there will be less to go around in the future.If the boot were on the other foot,auckland would be saying the same.

negativity,dribble...spin it whatever way you like tabforever.But remember,in the end people see through the spin and see things for what they are.Why not just tell it as it is now and formulate workable solutions.  

Edited by the galah
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ATC gave Mount Hope Ltd an additional 12 days to settle the deal but no money arrived so on Monday ATC cancelled the agreement and get to keep the 10 Million deposit. 

The property is back on the market and there are 5 parties expressing an interest. ATC representatives have met with one already, an Iwi developer and are planning on meeting with all interested parties in an attempt to get the right price.

Mackinnon believes the property is now worth more than the amount Mount Hope agreed to pay.

Optimist_on_the_beach.jpg

Edited by Rangatira
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1 hour ago, Rangatira said:

ATC gave Mount Hope Ltd an additional 12 days to settle the deal but no money arrived so on Monday ATC cancelled the agreement and get to keep the 10 Million deposit. 

The property is back on the market and there are 5 parties expressing an interest. ATC representatives have met with one already, an Iwi developer and are planning on meeting with all interested parties in an attempt to get the right price.

Mackinnon believes the property is now worth more than the amount Mount Hope agreed to pay.

Optimist_on_the_beach.jpg

where did you read that?

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So they are still paying half a million in interest each month.

Is mr mackinnon still describing those interest payments as "brutal and cutting into how much money they will have left to establish a new training centre" for those who will no longer have franklin park to train from?

So how are the ATC's talks with HRNZ going and how much has HRNZ said they will put in,to help the ATC establish any new training centre?

given mr mackinnon has said auckland can't do it alone,then if we assume that is true,it seems a no brainer that either auckland are doomed anyway,or as appears likely at this stage,HRNZ will support auckland and give them the money,inevitably having to slash stake money in a couple of years in places like canterbury and southland.Like it was only a few months back that mr steele,head man at HRNZ, was quoted as saying 75% of HRNZ cash reserves of $5m were going to be used to pay increased stakes,primarily for the big races.

So the current value of the franklin property has not gone down over the last year,as widely reported ,but has actually gone up according to mr mackinnon.Is he inferring the atc has a buyer who will pay more than the chinese.Is that true or is he pulling everyones leg?

Strange old industry harness racing.

People just sit back and watch things happen that will impact them in 2-3 years.

Perhaps heres why some do.  look at the current top 3 nz leading stables on number of wins.

The dunns,the telfers and purdon/phelan.Nathan purdon ranks 3rd on stakes won.

They all benefit from HRNZ pouring the money into the north island.Becuase they are north island based.

The dunn stable even seems to take horses from their south island stable, who go best left handed, and race them at auckland instead. Seems illiogical but thats what they do.

So they are never going to be vocal about what HRNZ are doing,because they benefit.Look after me and my mates the philosophy of those leading the industry these days. 

Edited by the galah
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Great that they were able to keep the $10m deposit but a better result wouldve been for the settlement to have taken place as the interest being paid will have more than killed the deposit being kept!

As for getting more than the $90m is going to be very interesting, in normal situations they are dreaming.

However it is possible if Maori are the buyers as the NZ taxpayer will be or have shelled out the dosh and we all know they are always treated with favouritism unfortunately for the country.

Interesting times and wondering why ATC had not got a backup offer on the property when they knew that the Chinese offer was not going go happen?

Are they all asleep at the wheel, they just do not seem that financially intelligent up that way by the look of it?

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12 minutes ago, Brodie said:

However it is possible if Maori are the buyers as the NZ taxpayer will be or have shelled out the dosh and we all know they are always treated with favouritism unfortunately for the country.

We are grateful for the kindness and support of the white man and the fish and chip lady.

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29 minutes ago, Rangatira said:

We are grateful for the kindness and support of the white man and the fish and chip lady.

We have a QLD right wing Senator 'Fish and Chip lady'  in Queensland and she is the most unpopular person I've ever seen . Keeps giving 'everyone' curry All the time.  

I guess you can't mix good tucker and politics and expect to get away with it. 

Can we Export her to you ?   She is even trying curry on the fish and chips lately 😎

images.jpg.8e5694821b65fbcb90f481857974313d.jpg

 

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34 minutes ago, Rangatira said:

We are grateful for the kindness and support of the white man and the fish and chip lady.

Has the fish n chips got gravy on them?

The gravy train needs to be stopped and all New Zealanders should have woken up to this BS from TPM!

What happened in parliament a couple of weeks ago from TPM was disgraceful and everyone should be able to see what we will have if people are stupid enough to be voting for the Left!

Absolute chaos and racing will be finished in NZ!

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2 minutes ago, Gammalite said:

We have a QLD right wing Senator 'Fish and Chip lady'  in Queensland and she is the most unpopular person I've ever seen . Keeps giving 'everyone' curry All the time.  

I guess you can't mix good tucker and politics and expect to get away with it. 

Can we Export her to you ?   She is even trying curry on the fish and chips lately 😎

images.jpg.8e5694821b65fbcb90f481857974313d.jpg

 

Gamma with respect, far better than your current PM, he is absolutely hopeless.

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