Another Open Letter...from a NZ Racing stakeholder!

[curious]

35 minutes ago, Chief Stipe said:

How is a 20% increase in Stakes Funding over the time frame you posted "stagnant"?  

Read again. As the Entain funding became available, it was phased into stakes increases over the first 2 seasons with the full amount after that with a $10m funding increase for last season. Though they put enough in for the first season to ensure the current stake levels from year 1. There's no plan to increase those or total stakes funding by more than CPI through the remainder of the deal at which point they will likely drop unless they find something at the end of the rainbow.

[Chief Stipe]

41 minutes ago, curious said:

Read again. As the Entain funding became available, it was phased into stakes increases over the first 2 seasons with the full amount after that with a $10m funding increase for last season. Though they put enough in for the first season to ensure the current stake levels from year 1. There's no plan to increase those or total stakes funding by more than CPI through the remainder of the deal at which point they will likely drop unless they find something at the end of the rainbow.

So I gather you agree then that stakes are increasing 20% over the next five years.  That isn't stagnant.

[curious]

1 minute ago, Chief Stipe said:

So I gather you agree then that stakes are increasing 20% over the next five years.  That isn't stagnant.

Not over the next 5 years. Where do you get that idea from?

[hesi]

I make it, stakes paid out

22/23 - 2.53 mil

23/24 - 3.001 mil

24/25 - 3.567 mil

Year on year increases 18.6 and 18.9%

[curious]

21 minutes ago, hesi said:

I make it, stakes paid out

22/23 - 2.53 mil

23/24 - 3.001 mil

24/25 - 3.567 mil

Year on year increases 18.6 and 18.9%

Given NZTR paid out circa $100m stakes funding in the latter 2 years at least, $3mil seems a bit light. Maybe check your arithmetic.  Hopefully, things don't get that bad going forward!

Edited 7 hours ago by curious

[hesi]

23 minutes ago, curious said:

Given NZTR paid out circa $100m stakes funding in the latter 2 years at least, $3mil seems a bit light. Maybe check your arithmetic.  Hopefully, things don't get that bad going forward!

Go for it, only 10 meetings per season, so straightforward 

[Chief Stipe]

2 hours ago, curious said:

Not over the next 5 years. Where do you get that idea from?

From the table you posted.  From $93m to $112m.  

[curious]

26 minutes ago, Chief Stipe said:

From the table you posted.  From $93m to $112m.  

If you mean from FY24 thru FY28 (predicted). For that 4 years, yes that's ~20%. That's what I said. What's your point?

Edited 6 hours ago by curious

[Chief Stipe]

1 hour ago, curious said:

If you mean from FY24 thru FY28 (predicted). For that 4 years, yes that's ~20%. That's what I said. What's your point?

FFS that isn't stagnant is it?  Even if you do use a tilde like a negative sign.  It is a +20% increase!

Why are you becoming so miserable?

[curious]

10 minutes ago, Chief Stipe said:

Even if you do use a tilde like a negative sign.  It is a +20% increase!

As far as I know ~ means approximately equal. Never heard it be read as a negative sign.

Edited 4 hours ago by curious

[curious]

19 minutes ago, Chief Stipe said:

FFS that isn't stagnant is it?  Even if you do use a tilde like a negative sign.  It is a +20% increase!

Why are you becoming so miserable?

Oh and there's no need to shout if you disagree with me. I'll hear you without that.

[Chief Stipe]

1 minute ago, curious said:

Oh and there's no need to shout if you disagree with me. I'll hear you without that.

Well you don't appear to be listening.

A tilde "~" can mean many things in mathematics but I guess ambiguity suits your argument.

[curious]

20 minutes ago, Chief Stipe said:

FFS that isn't stagnant is it?  

To me it's certainly stagnant, with no year on year increase from last year and none predicted in the next two.

[Chief Stipe]

5 minutes ago, curious said:

To me it's certainly stagnant, with no year on year increase from last year and none predicted in the next two.

Uh?  The table you presented has year on year stake increases for each year.