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?

[Chief Stipe]

1 hour ago, curious said:

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

It's not "market rate" it's "mates rates"!  If Otaki said no we want more so we can pay our way where does Levin go?  For that matter why does Otaki have a loan from Levin?

[Dark Beau]

22 hours ago, hesi said:

Ironic that today's meeting at Otaki, was once the meeting that became iconic and known as Bayer Classic day, and started at Levin

And bloody good back in the day too.

[Dark Beau]

19 hours ago, Chief Stipe said:

Considering the funding that Levin gets for their 3 racedays do you think a rental of $10,000 per meeting for the Otaki track and facilities is fair and reasonable? To Otaki?

What's your answer Chief to your own question?

I know for certain that you will have an opinion, as you always do.

[curious]

27 minutes ago, Chief Stipe said:

It's not "market rate" it's "mates rates"!  If Otaki said no we want more so we can pay our way where does Levin go?  For that matter why does Otaki have a loan from Levin?

What is market rate then? It seems a bit strange to base that in any way on what LRC earns. If I hire that venue for an agreed rate of say $5000 to run an event, it's none of OMRC's business whether that event earns 5k or 20k. That's the nature of hiring.

If I go to the local hire company and hire a digger for the day for say $300, they could care less whether I earn $500 or $2000 from operating it for the day. What I can earn from it has no bearing on the market rate for digger hire.You have a weird way of looking at it.

Edited 29 minutes ago by curious

[Dark Beau]

2 hours ago, Chief Stipe said:

...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.

Neither does any other club in the country out of race day income. Some like Auckland have sold everything, so have a "bank of money" from selling the bank [hill] so until that runs out they will be ok but for the rest of the country it wont be so easy.......but there again that's why NZTR led by the former ARC Committeeman Russell Warwick want Avondale, Levin and now obviously Trentham, all sold up for their own good.

Well they can go and get FUCKED.

[curious]

11 minutes ago, Dark Beau said:

What's your answer Chief to your own question?

I know for certain that you will have an opinion, as you always do.

I doubt Otaki earn that from running their own race days there

[curious]

43 minutes ago, Chief Stipe said:

  For that matter why does Otaki have a loan from Levin?

Because RACE didn't have the money to lend it to them?