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Bit Of A Yarn

WPeters-Racing Minister


Kopia

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Is he still? Does anyone else think it weird that at a time when the racing industry is being run by an outfit which is technically insolvent there is no comment from Peters? Not even some supporting or encouraging remarks..he won't even appear on camera..still too busy fishing on the family private beach?

AND...come on be honest. who among you reading this voted NZ First at the last election? And did you believe Peters when he gave his usual bullshit about ' supporting the party with the largest vote..which was National?  And did you want him to go with the Nats?  AND here's the biggie, now we've seen what a lying prick he is, will you ever support him again?

p.s. I didn't vote NZ First because I learnt years ago never to trust Peters.

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14 minutes ago, Kopia said:

Is he still? Does anyone else think it weird that at a time when the racing industry is being run by an outfit which is technically insolvent there is no comment from Peters? Not even some supporting or encouraging remarks..he won't even appear on camera..still too busy fishing on the family private beach?

AND...come on be honest. who among you reading this voted NZ First at the last election? And did you believe Peters when he gave his usual bullshit about ' supporting the party with the largest vote..which was National?  And did you want him to go with the Nats?  AND here's the biggie, now we've seen what a lying prick he is, will you ever support him again?

p.s. I didn't vote NZ First because I learnt years ago never to trust Peters.

Peters is retiring at the next election isn't he , doesn't need our votes then , so doesn't give a feck now . He thought sorting out racing was going to be his legacy . Got that one wrong , it's turning into a cluster f@#k . But he'll be right when he says " i tried to help but they couldn't sort their sh#t out " .

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3 hours ago, nomates said:

Peters is retiring at the next election isn't he , doesn't need our votes then , so doesn't give a feck now . He thought sorting out racing was going to be his legacy . Got that one wrong , it's turning into a cluster f@#k . But he'll be right when he says " i tried to help but they couldn't sort their sh#t out " .

Don't forget it was Peters who appointed the RITA Board members. If it was a jumps race they all fell at the first. The thing about people who get appointed to Boards is that its not their 'job'. Life goes on, they keep the $$$ whether they succeed or fail. Check out that woman MacDonald on the RITA board. She is also on the ACC Board, a Billion dollar outfit. She was also the chair of the jca for a number of years, $200,000 p.a. for 1 day a week. There's the problem-these people have no idea about struggling because for them, the gravy train just keeps on chuggin'.

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Yes.  They inherited a lemon,  but they have been a disaster themselves.    

Whether or not you think that the Messara report was a lifesaver, or just another waste of space;  the Board were charged with implementing that, not re - writing it.

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47 minutes ago, Freda said:

Yes.  They inherited a lemon,  but they have been a disaster themselves.  

Pray tell how that could be the case Pam, surely a disaster is a plane crash or a boat sinking .

Would you rather we bring back Glenda to run TAB/NZRB and do some more great deals like 50 Mio platform and as a bonus you can charge us an annual license fee of 17 mio or and you might like this, you can run to the bank again and say please can i borrow more money to buy the West Australian TAB even though its been for sale for ages and no one else wants it.

The other part is simply a case of the current board preparing the new ACT and implementing it in accordance to what W Peters wants, This is because he signs off everything and  will no doubt include parts but not all of what the Messara report suggested.

 

Greg

 

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10 minutes ago, JJ Flash said:

Pray tell how that could be the case Pam, surely a disaster is a plane crash or a boat sinking .

Well, that's a bit hard to assess unti we see at least the half-year report, but from where I sit and what has been reported it certainly looks like a train wreck to me with a potentially very high number of casualties.

I do agree that if that is the case, it is not entirely RITA's fault. Certainly , the previous NZRB board/s, the Messara report, the MAC and the Minister have all played a role. However, it is RITA who are in the hot seat and accountable for keeping the train on the tracks

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41 minutes ago, curious said:

Well, that's a bit hard to assess unti we see at least the half-year report, but from where I sit and what has been reported it certainly looks like a train wreck to me with a potentially very high number of casualties.

I do agree that if that is the case, it is not entirely RITA's fault. Certainly , the previous NZRB board/s, the Messara report, the MAC and the Minister have all played a role. However, it is RITA who are in the hot seat and accountable for keeping the train on the tracks

A train wreck indeed but it could not be anything else.The new board inherited a shambles of a balance sheet, lots of debt and now next to no income as a result of governments reaction to Covid 19, no racing or sports equals minimal income but still all the fixed costs. I'm hearing that's what the board has been spending lots of time on so one should expect a new fit for purpose NZTAB in due course. Thats corp speak for the ax was taken to costs and staff which is what most are and have been wanting for years.

As an aside, sort of, everyone wants to rave on about Ozzie racing and gambling but how many of you were in their buying shares in Tabcorp, one of their best performers historically in terms of gambling provider. Well just to update you they had to go to market recently to raise 500 mio to prop up their balance sheet.

 

Greg

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3 minutes ago, Chief Stipe said:

What have they done since they were appointed?  Jack!

I agree as far as we can see. They knew what they were receiving including the Minister's insistence that they maintain distributions at a level they didn't have the cash for and weren't earning. They took the hospital pass and it doesn't look like they've managed to side-step the tackle.

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3 minutes ago, curious said:

I agree as far as we can see. They knew what they were receiving including the Minister's insistence that they maintain distributions at a level they didn't have the cash for and weren't earning. They took the hospital pass and it doesn't look like they've managed to side-step the tackle.

Exactly!  What happened to the 90 day rule of change?  After all they have more experience and knowledge of the racing industry than we do.  They were appointed to do a job and given the support of the Minister to do it.

The 90 days ended on 30 September!  150 days (I'm being kind) before Covid-19!!!

We saw jack during the 90 days and jack in the following 150 days.  The only thing is the last 60 days has been their hand out for the Covid-19 subsidy!

So JJ Flash - they picked up a "shambles and lots of debt" but what did they do?  How long does it take for these experienced and knowledgeable people to act?

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4 minutes ago, Chief Stipe said:

We saw jack during the 90 days and jack in the following 150 days.  The only thing is the last 60 days has been their hand out for the Covid-19 subsidy!

That also seems to have been a ridiculous decision because it means they can't make any of the employees that they received the subsidy for redundant during the 12 week period.

It also appears that the tackle has knocked them unconscious because they don't seem to be able to speak.

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10 minutes ago, curious said:

That also seems to have been a ridiculous decision because it means they can't make any of the employees that they received the subsidy for redundant during the 12 week period.

 

Which raises the question if a business was technically insolvent should it have been eligible for the subsidy?

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2 hours ago, JJ Flash said:

Pray tell how that could be the case Pam, surely a disaster is a plane crash or a boat sinking .

Would you rather we bring back Glenda to run TAB/NZRB and do some more great deals like 50 Mio platform and as a bonus you can charge us an annual license fee of 17 mio or and you might like this, you can run to the bank again and say please can i borrow more money to buy the West Australian TAB even though its been for sale for ages and no one else wants it.

The other part is simply a case of the current board preparing the new ACT and implementing it in accordance to what W Peters wants, This is because he signs off everything and  will no doubt include parts but not all of what the Messara report suggested.

 

Greg

 

Greg my main reason for starting this thread was to see how many Peters apologists it drew out of the closet. You seem to be one...did you vote for him?

By the way, its now not far off 3 years since he propped up ardern and her bunch of losers as a govt..what exactly has he achieved for racing? A  great training surface and galloping track for the Cambridge trainers, because thats all it is really going to be..and feck all else.  All noise and wind.

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1 hour ago, Chief Stipe said:

What have they done since they were appointed?  Jack!

You and others have had  nothing good to say about the RITA board since whey were appointed by WP. As they say, leopards dont change spots so why debate the issues with you. I have my view and you yours so lets just not waste each others time as clearly you think they dont do much . Perhaps you could do better based on the tone of your responses to them

Greg

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17 minutes ago, Kopia said:

Greg my main reason for starting this thread was to see how many Peters apologists it drew out of the closet. You seem to be one...did you vote for him?

By the way, its now not far off 3 years since he propped up ardern and her bunch of losers as a govt..what exactly has he achieved for racing? A  great training surface and galloping track for the Cambridge trainers, because thats all it is really going to be..and feck all else.  All noise and wind.

Nope , did not and would never vote for him. Had to deal with his type over the years and would say Muldoon taught him well.

He has achieved Zip for racing but you sound surprised, the guys a snake oil salesman IMHO. Meanwhile i suspect that those on the current board are doing all they can to restructure the business from its current mess. For mine they are doing a lot more than the previous bunch, heard they have had 4 or 5 board meetings in the last month and not a sausage roll requested. Some sort of record perhaps. Oh to be involved in trying to fix something that screwed in 6 months. ?

 

Greg

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32 minutes ago, JJ Flash said:

You and others have had  nothing good to say about the RITA board since whey were appointed by WP. As they say, leopards dont change spots so why debate the issues with you. I have my view and you yours so lets just not waste each others time as clearly you think they dont do much . Perhaps you could do better based on the tone of your responses to them

Greg

Like most people who have or have had a stake in the industry I've heard lots of promises but in 20 years haven't seen any changes of substance.  Now 10 months since the new Board I haven't seen anything of substance again!  I would have expected more especially when the Chairman of the Board and the CEO are one and the same person i.e. has unprecedented power in the history of the NZRB/RITA.

So I'm not blindly having "nothing good to say" I'm commenting from a position of informed observation!  Yet you keep saying "just wait" or "I've heard" but there is no evidence to back your "good" observations up.  

As I said in earlier posts I would have expected to see some action well before now.

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Just watched the midday media conference, hosted by the Right Honourable Mr Peters...  

As he was leaving, a member of the press asked him; "Mr Peters, do you have a comment on the racing situation?"

He responded; "not now, the press conference is over." 

I am not angry. Just disappointed. 

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1 minute ago, Rusty said:

Just watched the midday media conference, hosted by the Right Honourable Mr Peters...  

As he was leaving, a member of the press asked him; "Mr Peters, do you have a comment on the racing situation?"

He responded; "not now, the press conference is over." 

I am not angry. Just disappointed. 

..and,  not surprised, either, I shouldn't think.

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3 hours ago, Kopia said:

By the way, its now not far off 3 years since he propped up ardern and her bunch of losers as a govt..what exactly has he achieved

You must be spewing aye in kopialand!!!   lol! cindy is now paying $1.02 to be the PM going into next year! where as  your mate simple si,  actually, you come across as a  one of those! howling at the moon! entitled!  pompous born to rule troy twats!, is this you Simon!

In to histories dustbin for the likes of him!  how sad!

3 more Years! 3 more years! 3 more Years! got a nice sound to eh!

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2 hours ago, Murray Fish said:

You must be spewing aye in kopialand!!!   lol! cindy is now paying $1.02 to be the PM going into next year! where as  your mate simple si,  actually, you come across as a  one of those! howling at the moon! entitled!  pompous born to rule troy twats!, is this you Simon!

In to histories dustbin for the likes of him!  how sad!

3 more Years! 3 more years! 3 more Years! got a nice sound to eh!

Awww shucks Tommo, thats so nice...gizza hug?

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5 hours ago, Rusty said:

Just watched the midday media conference, hosted by the Right Honourable Mr Peters...  

As he was leaving, a member of the press asked him; "Mr Peters, do you have a comment on the racing situation?"

He responded; "not now, the press conference is over." 

I am not angry. Just disappointed. 

This was in the Herald about some of the perks and gifts MPs get. Read the one about Ellerslie. He never went? If that doesn't sum it up nothing will. 

The guy is a self serving moron who couldn't give a toss about racing.

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