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Bit Of A Yarn

Ellerslie/Avondale Merger and Asset Sale


Huey

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2 minutes ago, Chief Stipe said:

OK.  I haven't seen the full proposal.  If that is the case then they are relying on Avondale's assets to fund the Strathayr and to provide the seed funding for the $50m in yearly stakes payout.

Don't ARC have $50mil in the bank ? that's the figure i heard .

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1 hour ago, nomates said:

Apparently they are going to continue as a racing facility as well , 12 days per season , mostly industry days . That is from a committee member on the other site .

Isn't that just until the neew track is functional at Ellerslie?

This is from Lichter's article:

Pukekohe would be retained as a training centre but the opportunity would be there for increased income through the sale or development of unneeded land.

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