land grab and spend

[Freda]

21 minutes ago, Chief Stipe said:

As normal your 🌹 tinted 👓 prevent you from actually comprehending what I wrote.  

The economics of running a Metro track WITHOUT the additional revenue from a fulltime training centre just don't add up.  So Ellerslie, Trentham and Te Rapa are severely constrained.  Awapuni and Riccarton now have the operational cost millstones of white elephant AWT's.

Riccarton also has the operational millstone of providing training/stabling facilities.

[Chief Stipe]

3 minutes ago, Freda said:

Riccarton also has the operational millstone of providing training/stabling facilities.

That should be a source of net revenue if managed correctly.  However the AWT limits options and sucks up revenue.

Or did you mean Mills-tone?

[Freda]

17 minutes ago, Chief Stipe said:

That should be a source of net revenue if managed correctly.  However the AWT limits options and sucks up revenue.

Or did you mean Mills-tone?

 

I have quoted figures....25k lost by the Rangiora facility, and nearly 2m by Riccarton.   However Riccarton couldn't provide a split between training/stabling costs and racing costs

Around 650k brought in annually from trackfees/rentals at Riccarton and 80k from the same at Rangiora [ galloping only].  

[Chief Stipe]

37 minutes ago, Freda said:

25k lost by the Rangiora facility

No racing there.

37 minutes ago, Freda said:

nearly 2m by Riccarton.

Don't believe that.

38 minutes ago, Freda said:

However Riccarton couldn't provide a split between training/stabling costs and racing costs

So if you can't differentiate those costs centres how can you manage them?

However the AWT's will be doubling any loss!

39 minutes ago, Freda said:

Around 650k brought in annually from trackfees/rentals at Riccarton

Which contribute to fixed costs.  If you hire a track manager and a couple of other full time grounds staff and the only revenue source is raceday then the chances of recouping operational costs are minimal.  A cost accountant would argue you get rid of the training facilities and only have 0.8 FTE Track Manager.   Of course the Club Members no longer look after the flower gardens which is an added cost that adds no revenue.

[Chief Stipe]

Just had a quick squiz of the CJC Annual Report 2024.  Certainly a lack of detail around costs centres.  In my opinion the accounts do not meet the new accounting standards for Incorporated Societies.  So the next accounts will be interesting.

 

 

CJC_Financial_statements_2024_Final_audited.pdf

[Freda]

33 minutes ago, Chief Stipe said:

No racing there.

Don't believe that.

So if you can't differentiate those costs centres how can you manage them?

However the AWT's will be doubling any loss!

Which contribute to fixed costs.  If you hire a track manager and a couple of other full time grounds staff and the only revenue source is raceday then the chances of recouping operational costs are minimal.  A cost accountant would argue you get rid of the training facilities and only have 0.8 FTE Track Manager.   Of course the Club Members no longer look after the flower gardens which is an added cost that adds no revenue.

A cost accountant would argue you get rid of the training facilities and only have 0.8 FTE Track Manager

Well of course, that makes sense, however the Board considers that subsidising training is part of their func

1 hour ago, Freda said:

 

I have quoted figures....25k lost by the Rangiora facility, and nearly 2m by Riccarton.   However Riccarton couldn't provide a split between training/stabling costs and racing costs

Around 650k brought in annually from trackfees/rentals at Riccarton and 80k from the same at Rangiora [ galloping only].  

I should add that since the 'takeover' of Rangiora, the CJC has managed financial matters wrt to the galloping side of things, however costs for maintenance and equipment such as mowers, tractors etc are shared by the harness mob.

[TAB For Ever]

On 3/14/2025 at 10:12 AM, Chief Stipe said:

As normal your 🌹 tinted 👓 prevent you from actually comprehending what I wrote.  

The economics of running a Metro track WITHOUT the additional revenue from a fulltime training centre just don't add up.  So Ellerslie, Trentham and Te Rapa are severely constrained.  Awapuni and Riccarton now have the operational cost millstones of white elephant AWT's.

Haha Chief......I see thru what you write , and understand your resentment toward Ellerslie and ATR.

Again you embellish things and try to play down their standing and role in NZ Racing.

Ellerslie [ATR] is working toward an outstanding horse training infrastucture and has other revenue streams to future proof outstanding stakes .Up to 1000 events a year in their facility and a strong cash flow from their investment funds .

[Special Agent]

On 3/14/2025 at 12:08 PM, Chief Stipe said:

Just had a quick squiz of the CJC Annual Report 2024.  Certainly a lack of detail around costs centres.  In my opinion the accounts do not meet the new accounting standards for Incorporated Societies.  So the next accounts will be interesting.

That's a very good point about the Incorporated Societies requirements.  All racing clubs will be in the same boat.  Like you say "interesting".

it beats me how racing clubs say that no training centres can make money.  Cambridge and Matamata must prove differently. I also wonder why the facilities are not more fully utilised.  What about their catering and venue hire parts of the business between race meetings?

is it true horses can't be worked at Hastings for a week because of a camper van convention?  If so, that's taking things to the other extreme.

Edited 11 hours ago by Special Agent

[Huey]

3 hours ago, Special Agent said:

 

is it true horses can't be worked at Hastings for a week because of a camper van convention?  If so, that's taking things to the other extreme.

This type of thing happening across the country unfortunately and will only get worse.

[Chief Stipe]

5 hours ago, Special Agent said:

is it true horses can't be worked at Hastings for a week because of a camper van convention?  If so, that's taking things to the other extreme.

 

2 hours ago, Huey said:

This type of thing happening across the country unfortunately and will only get worse.

I think you'll find the facts have been twisted to suit a narrative.  Which unfortunately is happening across the country and has got worse.