Levin Surplus to Requirements

[Chief Stipe]

46 minutes ago, Huey said:

How much do Otaki pay to have their G1 at Ellerslie?

 

Probably nothing but Ellerslie will probably keep the subsidies.

[Special Agent]

5 hours ago, Chief Stipe said:

From what I see if Otaki had the full revenue from the 3 Levin Racing Club racedates giving the a total of 13 then Otaki would probably be profitable. 

 

What do you call full revenue for a raceday rental?

[Chief Stipe]

8 minutes ago, Special Agent said:

What do you call full revenue for a raceday rental?

For a start do Levin pass on to Otaki any of the special NZTR Funding from the following categories:

1. Meeting Type;
2. Venue Category;
3. Race Meeting Compliance;
4. Club Compliance Funding;
5. Event Tier.
   
   If Levin have 3 out of the 13 meetings held at Otaki shouldn't they be paying at a minimum 23% of the costs to maintain the track and facilities?

[curious]

53 minutes ago, Chief Stipe said:

For a start do Levin pass on to Otaki any of the special NZTR Funding from the following categories:

1. Meeting Type;
2. Venue Category;
3. Race Meeting Compliance;
4. Club Compliance Funding;
5. Event Tier.
   
   If Levin have 3 out of the 13 meetings held at Otaki shouldn't they be paying at a minimum 23% of the costs to maintain the track and facilities?

Otaki have use of their track and facilities 365 days a year to earn revenue. 10k a day for 3 of those days doesn't sound too bad and from what I know is in line with what is commonly paid. Maybe a bit less for industry days. Why you would expect Levin to pass on more of the revenue they earn from those meetings is beyond me. I'm surprised you don't expect them to pay Otaki their oncourse turnover commission as well.

[Chief Stipe]

14 minutes ago, curious said:

Otaki have use of their track and facilities 365 days a year to earn revenue. 10k a day for 3 of those days doesn't sound too bad and from what I know is in line with what is commonly paid. Maybe a bit less for industry days. Why you would expect Levin to pass on more of the revenue they earn from those meetings is beyond me. I'm surprised you don't expect them to pay Otaki their oncourse turnover commission as well.

...and we all wonder why CD racing is in such a mess.  Levin run their Jumpouts with the minimum of facilities and ongoing maintenance costs.  Otaki on the other hand have considerably more racing infrastructure to maintain and to a higher level.  $10k to hire a fully functional event venue and core horse racing infrastructure up to raceday standard is well below cost.

The reality is neither Club makes enough money to maintain either venue to a high standard.

[curious]

1 minute ago, Chief Stipe said:

  $10k to hire a fully functional event venue and core horse racing infrastructure up to raceday standard is well below cost.

I think that's about market rate as I said. Otaki are not compelled to take it.

What did Otago Jockey Club pay Cromwell the other day or Winton pay Ascot Park earlier?