NZTR Establishes Industry Investment Fund to Secure Racing’s Future

[Chief Stipe]

NZTR Establishes Industry Investment Fund to Secure Racing’s Future

NZTR has announced the establishment of a dedicated Industry Investment Fund, a strategic initiative designed to support the long-term financial
sustainability of the Thoroughbred racing industry in NZ.

NZTR | August 06, 2025

 

 

 

New Zealand Thoroughbred Racing (NZTR) has announced the establishment of a dedicated Industry Investment Fund, a strategic initiative designed to support the long-term financial sustainability of the Thoroughbred racing industry in New Zealand.

The Fund has been launched with $10 million in seed funding, representing a contingency reserve that remains accessible to NZTR if required. This initial capital provides a strong foundation for the Fund to begin operating and building confidence across the industry as a prudent and forward-looking investment strategy.

“This is a significant milestone for the industry,” said Russell Warwick, NZTR Chair.

“The Industry Investment Fund is about future-proofing racing in New Zealand and is a proactive step to ensure we have a sustainable and diversified financial base for generations to come.”

To ensure both security and growth, the Fund has been diversified across multiple investment accounts and providers. This approach balances the need for long-term returns with preservation of capital, aiming to outperform traditional term deposit returns over time. Term deposit rates continue to track down with the lowering of the Official Cash Rate which is expected to reach 2.75% by the end of the year.  

As the Fund grows, NZTR expects to build on the capital sum from any proceeds realised from the venue consolidation process which is a key part of industry strategy. These additional contributions will help reduce the industry’s reliance on wagering revenue and establish a robust alternative income stream.

The Fund’s performance and investment mix will be closely monitored by the NZTR Audit & Risk Committee, with regular reviews to ensure alignment with industry needs and financial best practices.

“The Fund gives us an opportunity to build sustainable revenue streams and allows our existing capital to work for the industry,” Warwick added.

“It’s not just an investment of capital; it’s an investment in the future of New Zealand racing.”

[Huey]

LMAO we all know what this is! 

[Chief Stipe]

11 minutes ago, Huey said:

LMAO we all know what this is! 

It's a capital fund for future investment.  Do you know something different?

[Huey]

18 hours ago, Chief Stipe said:

It's a capital fund for future investment.  Do you know something different?

Wouldn't trust these guys with a $2 easy bet!

Even someone as biased & one eyed as you Chief knows the intentions behind this fund.

[Chief Stipe]

35 minutes ago, Huey said:

Wouldn't trust these guys with a $2 easy bet!

Even someone as biased & one eyed as you Chief knows the intentions behind this fund.

WHAT IN YOUR OPINION IS THEIR INTENTION?  

[Huey]

1 hour ago, Chief Stipe said:

WHAT IN YOUR OPINION IS THEIR INTENTION?  

Don't ask a silly question when you already know the answer to that question.

If you don't know then youve been drinking too much of those winners bottles of wine from your idols TA! 

[curious]

12 minutes ago, Huey said:

Don't ask a silly question when you already know the answer to that question.

If you don't know then youve been drinking too much of those winners bottles of wine from your idols TA! 

I'm mystified too @Huey You think the intention is something other than what they stated?

[Chief Stipe]

1 hour ago, Huey said:

Don't ask a silly question when you already know the answer to that question.

If you don't know then youve been drinking too much of those winners bottles of wine from your idols TA! 

You are talking in riddles.  Please be the first to tell the world what purpose this investment fund is for.

As for drinking too much my choice is Speights and only Champagne when achieving Group success!!  I can afford the former and only partake of the latter when winning.

[Huey]

8 hours ago, curious said:

I'm mystified too @Huey You think the intention is something other than what they stated?

Stop trying to make yourself look clever , youre well aware of whats going on here. You've contributed to posts on other sites that indicate that to be the case.

[Huey]

6 hours ago, Chief Stipe said:

You are talking in riddles.  Please be the first to tell the world what purpose this investment fund is for.

As for drinking too much my choice is Speights and only Champagne when achieving Group success!!  I can afford the former and only partake of the latter when winning.

Yeah yeah whatever

[curious]

54 minutes ago, Huey said:

Stop trying to make yourself look clever , youre well aware of whats going on here. You've contributed to posts on other sites that indicate that to be the case.

Sorry @Huey, you've completely lost me. It seems the clear intention is to establish an investment fund to supplement wagering generated revenue from TABNZ to support the industry. I've no clue where the money for that might come from but I also have no idea what you think I may have said elsewhere to the contrary. Please explain and maybe tell us what you think we are missing about the purpose of the fund.

[Huey]

10 hours ago, curious said:

Sorry @Huey, you've completely lost me. It seems the clear intention is to establish an investment fund to supplement wagering generated revenue from TABNZ to support the industry. I've no clue where the money for that might come from but I also have no idea what you think I may have said elsewhere to the contrary. Please explain and maybe tell us what you think we are missing about the purpose of the fund.

Stop your nonsense @curious , you know exactly what the intention and the funding of this is based on, you haven't been locked away for the last decade.

[curious]

1 hour ago, Huey said:

Stop your nonsense @curious , you know exactly what the intention and the funding of this is based on, you haven't been locked away for the last decade.

I don't know ANYTHING other than what they stated. The intention is what I said above and the funding is to come from the sales of surplus assets. As  requested, please explain if you know something otherwise that I don't.

[Freda]

I'm not wading into this discussion too much....but I took the announcement to mean that the 'seed funding' 10 mill was already sitting there.

Extra funds from venue acquisition may - probably will - get added but that hasn't answered one of the earlier queries, where did the ten mill come from?

And as was pointed out elsewhere, if it was just sitting there, idle and unused, why not fix a track or two? 

[Chief Stipe]

1 hour ago, Freda said:

And as was pointed out elsewhere, if it was just sitting there, idle and unused, why not fix a track or two? 

There was already money allocated in the budget for track infrastructure.

I might add that $10m would barely fix one track.

[Brodie]

I dont get what $10m is going to be used for?

Entain are chucking in 900m over 5 years so 90 times the $10m?

Surely it would make more sense to actually treat the $900m with better respect and not run the industry into the ground in the first place?

Strange way of thinking from those that are supposedly in charge?

 

 

[Chief Stipe]

9 minutes ago, Brodie said:

I dont get what $10m is going to be used for?

Entain are chucking in 900m over 5 years so 90 times the $10m?

Surely it would make more sense to actually treat the $900m with better respect and not run the industry into the ground in the first place?

Strange way of thinking from those that are supposedly in charge?

 

 

Well I agree in the sense that it is the same modus operandi that the industry administrators have followed for at least 3 decades.  In those times it was called reserves and unfortunately when times got tough it was used on stakes and capital costs.  Hopefully this new fund will be used for infrastructure maintenance and renewal.

That said if you are saying it isn't enough then I agree with you.