MaltedMilkshake Posted January 25, 2019 Share Posted January 25, 2019 I have a question for the learned yarners please. Does the industry contribute funds towards the closed, restricted races to be run at Ellerslie tomorrow? Whilst I understand purchasers have a stream of pay ups over time for these races, would this cover the totalprize money on offer or does the industry contribute/subsidise the purse? Quote Link to comment Share on other sites More sharing options...
mardigras Posted January 25, 2019 Share Posted January 25, 2019 I may be wrong but I thought they still contributed but not at the level of other races of similar stake. Like a bonus contribution for the good of racing. Haven't looked it up but seem to recall something about this race day. Quote Link to comment Share on other sites More sharing options...
Dark Beau Posted January 25, 2019 Share Posted January 25, 2019 The industry certainly contributes. How much I can’t say as I am too far out of the loop these days. However my guess is that it’s a lot more than any of you would suspect, based on what it was when I was close to the coal face. Quote Link to comment Share on other sites More sharing options...
MaltedMilkshake Posted January 25, 2019 Author Share Posted January 25, 2019 Thanks Rod & DB... well if that is the case, I’m bloody angry...why are our extremely limited funds being handed out, gratuitously, to benefit NZB and their primped and preened followers? If they want to run races such as the Millions, which are closed to all but a few, then let them fund it. Does any other owner/stakeholder find this situation intolerable? Depleted prizemoney is something driving owners out of breeding and racing...is it any wonder most people believe the “up north” crowd is the only jurisdiction racing administrators care about? 2 1 Quote Link to comment Share on other sites More sharing options...
Weasel Posted January 25, 2019 Share Posted January 25, 2019 As an aside to this subject, I note that two of the 6 races on an Iconic programme have a stake of $70k - incl the time-honoured Group 3 Concorde. Woulda made sense to bump those 2 races up to $100k wwouldnt it? Yje look rather pathetic aloonhside the 4 richer races! Quote Link to comment Share on other sites More sharing options...
Huey Posted January 25, 2019 Share Posted January 25, 2019 9 hours ago, MaltedMilkshake said: I have a question for the learned yarners please. Does the industry contribute funds towards the closed, restricted races to be run at Ellerslie tomorrow? Whilst I understand purchasers have a stream of pay ups over time for these races, would this cover the totalprize money on offer or does the industry contribute/subsidise the purse? https://loveracing.nz/OnHorseFiles/Final Funding Policy for NZ Thoroughbred clubs 2018 2019 Season v1.0.pdf Page 9 & 13 should answer your question. Quote Link to comment Share on other sites More sharing options...
Huey Posted January 25, 2019 Share Posted January 25, 2019 2 minutes ago, Weasel said: As an aside to this subject, I note that two of the 6 races on an Iconic programme have a stake of $70k - incl the time-honoured Group 3 Concorde. Woulda made sense to bump those 2 races up to $100k wwouldnt it? Yje look rather pathetic aloonhside the 4 richer races! What put money into horses that aren't racing at 2yo or 3yos that's madness and so close to the sales as well, horses older than 2 or 3yos should only race on industry days ,whose interested in that lot ?there may be some cheap horses that go alright that have slipped through the cracks at sale time you can't have them racing for decent money that's not a quick return on your bloodstock investment! Not to mention they may also be by unfashionable stallions ...outrageous! 1 1 Quote Link to comment Share on other sites More sharing options...
mardigras Posted January 25, 2019 Share Posted January 25, 2019 31 minutes ago, Huey said: https://loveracing.nz/OnHorseFiles/Final Funding Policy for NZ Thoroughbred clubs 2018 2019 Season v1.0.pdf Page 9 & 13 should answer your question. Thanks Huey. That's what I'd read and it's plainly stupid. Shouldn't even get Listed race funding let alone the bonus amounts. 1 Quote Link to comment Share on other sites More sharing options...
Mark D Posted January 25, 2019 Share Posted January 25, 2019 What's worse IMO is that the rest of racing and in particular CD racing and the Wgtn Cup meeting have been brought forward to accommodate these races and the NZB sales. About the only good thing that Wayne Guppy and the WRC/Race has done is complain about this. Quote Link to comment Share on other sites More sharing options...
MaltedMilkshake Posted January 25, 2019 Author Share Posted January 25, 2019 So there in black & white for all too see.....our failing industry is supporting NZB by contributing $500,000 to Karaka Millions Day... yet there is no money, due to budget failings, for example, the Pearl Series....how can this be? Tell me, what was NZB’s gross profit on Karaka 2018 yearling sales? OK folks...Here is the evidence the show is run by sycophants who pander to the requirements of their mates. The time has come and gone for a new broom....the industry is now officially “failed”. 2 1 Quote Link to comment Share on other sites More sharing options...
MaltedMilkshake Posted January 26, 2019 Author Share Posted January 26, 2019 Today’s results in both the 2 & 3 yo races were just as we thought. I think it’s only fair that Vela returns $250k of his Longleaf money to,the general prize money pool. Why should we stump up “our” money to fund these races. it’s his race, so NZB pays for the race’s total prizemoney or they open it to all 2/ 3yos... But of course, I must be mad to think this scenario has even registered with the sycophants that are charged with running our industry...probably just sipping bubbles in the room ....and chatting about how they’ll bump it up next year... Quote Link to comment Share on other sites More sharing options...
Freda Posted January 26, 2019 Share Posted January 26, 2019 Magnier's colours to the fore is not at all a bad thing...but you make a very valid point. We are all just getting tipped up to pay for the party. 1 Quote Link to comment Share on other sites More sharing options...
mardigras Posted January 26, 2019 Share Posted January 26, 2019 It's pathetic. A sweepstake should be just that. Quote Link to comment Share on other sites More sharing options...
Dark Beau Posted January 26, 2019 Share Posted January 26, 2019 13 hours ago, MaltedMilkshake said: Today’s results in both the 2 & 3 yo races were just as we thought. I think it’s only fair that Vela returns $250k of his Longleaf money to,the general prize money pool. Why should we stump up “our” money to fund these races. it’s his race, so NZB pays for the race’s total prizemoney or they open it to all 2/ 3yos... But of course, I must be mad to think this scenario has even registered with the sycophants that are charged with running our industry...probably just sipping bubbles in the room ....and chatting about how they’ll bump it up next year... Vella should definitely give back the funding of $250,000. If he cant get it off his partners [Coolmore] he should at least give back his share. The whole f.....n thing gives me the guts ache, especially the way they NZB and Elle rslie have run roughshod ever over other clubs, particularly the the Wellington Cup carnival which is but a shadow of it's former past, and Avondale. Imagine what $500,000 would do to the stakes if spread throughout the country to the clubs that prop up NZ racing! 2 2 Quote Link to comment Share on other sites More sharing options...
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