Chief Stipe Posted October 11, 2021 Share Posted October 11, 2021 $2 million stakes boost for Auckland racing NZ Racing Desk 11 October 2021 Auckland Thoroughbred Racing (ATR) has announced it will be contributing over $2 million towards stakes at Ellerslie and Pukekohe Park this season. The contribution, which is over and above New Zealand Thoroughbred Racing’s minimums, comprises $930,000 previously committed by ATR and a further $1.1 million, making a total of $2.03m contributed by the Club. Wilcox said the announcement is the first step towards ATR honouring the commitments it made during the Club’s recent merger process. “We are pleased to embark on this new era of thoroughbred racing in Auckland by taking immediate action in increasing the level of return to our all-important stakeholders – our owners, trainers and jockeys,” Wilcox said. “We made it well-known during the merger process that we are firmly-focused on continuing our investment and growth in the industry, and that stakes increases are the first priority for Auckland Thoroughbred Racing. “This is a great first step on our journey towards rewarding those who choose to race with us, whether that’s at Ellerslie or Pukekohe Park.” ATR chairman Doug Alderslade said the Club’s investment into stakes further reflects its commitment to the racing industry in New Zealand. “We are delighted to be in a position to inject much needed stakes increases into our races which will benefit all industry participants,” he said. “We remain confident that as we continue to implement our new business model, we will be in a position to announce further stake increases in the future.” The stakes increases will be distributed via: Non-black type races at ATR’s iconic, premier, feature and industry days between: - 15 December 2021 - 31 July 2022 for industry days - 20 November 2021 - 12 March 2022 for those others listed ATR’s black type races held between 20 November 2021 – 31 July 2022 In addition to the above, ATR has further enhanced January’s New Zealand Bloodstock Karaka Million by increasing stakes on the four non-$1m races to: Westbury Classic - $150,000 (was $110,000) Brighthill Farm Concorde Handicap - $110,000 (was $80,000) Cambridge Stud Almanzor Trophy - $110,000 (was $80,000) Collinson Forex Karaka Cup - $110,000 (was $100,000) Wilcox said the Club hopes the increases will encourage increased participation at ATR’s meetings. “We want our racecourses to be the destinations of choice for thoroughbred racing in New Zealand,” he said. “It is hoped that today’s announcement will assist in not only attracting quality fields for our feature races, but broaden the appeal of our other races throughout the season too.” Last season, Auckland Racing Club contributed $945,000 of its own monies in stakes, offering a combined total of $10.3 million and Counties Racing Club offered a total of $1.5 million in stakes. This season, ATR will offer a total of $11 million in stakes between 20 November 2021 - 12 March 2022. Quote Link to comment Share on other sites More sharing options...
Freda Posted October 11, 2021 Share Posted October 11, 2021 When I read that on the Loveracing site, I got the impression that the funds come from the combined Auckland clubs, not NZTR. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 11, 2021 Author Share Posted October 11, 2021 9 minutes ago, Freda said: When I read that on the Loveracing site, I got the impression that the funds come from the combined Auckland clubs, not NZTR. Corrected that however it is a moot point given that all the races are heavily subsidised by the rest of the industry anyway. The additional stakes don't come from revenue activities do they? Certainly not wagering revenue. Or are they using proceeds from asset sales? 1 Quote Link to comment Share on other sites More sharing options...
nomates Posted October 11, 2021 Share Posted October 11, 2021 20 minutes ago, Chief Stipe said: “We want our racecourses to be the destinations of choice for thoroughbred racing in New Zealand,” he said. I take it you will be taking a team up Pam . 1 Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted October 11, 2021 Share Posted October 11, 2021 Caulfield tomorrow... Thoroughbred Breeders Vic HANDICAP Stakes:141000 NZ Class:RATING 70 Distance:1600 METRES 'We want our racecourses to be the destinations of choice for thoroughbred racing in New Zealand,” he said. 1 Quote Link to comment Share on other sites More sharing options...
nomates Posted October 11, 2021 Share Posted October 11, 2021 4 minutes ago, Chief Stipe said: Corrected that however it is a moot point given that all the races are heavily subsidised by the rest of the industry anyway. They wont be when owners start racing horses in the north because the rest of NZ can't compete stakes wise , struggling for horses in the CD as it is . 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 11, 2021 Author Share Posted October 11, 2021 1 minute ago, holy ravioli said: Caulfield tomorrow... Thoroughbred Breeders Vic HANDICAP Stakes:141000 NZ Class:RATING 70 Distance:1600 METRES 'We want our racecourses to be the destinations of choice for thoroughbred racing in New Zealand,” he said. There is a Maiden race at Newcastle today for AUD$38,000. The next race there is sponsored by New Zealand Bloodstock! 3 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 11, 2021 Author Share Posted October 11, 2021 24 minutes ago, Chief Stipe said: In addition to the above, ATR has further enhanced January’s New Zealand Bloodstock Karaka Million by increasing stakes on the four non-$1m races to: Westbury Classic - $150,000 (was $110,000) Brighthill Farm Concorde Handicap - $110,000 (was $80,000) Cambridge Stud Almanzor Trophy - $110,000 (was $80,000) Collinson Forex Karaka Cup - $110,000 (was $100,000) No mention that NZTR fund half the two Sales Sweepstakes races!!!!! 1 Quote Link to comment Share on other sites More sharing options...
curious Posted October 12, 2021 Share Posted October 12, 2021 (edited) 4 hours ago, nomates said: They wont be when owners start racing horses in the north because the rest of NZ can't compete stakes wise , struggling for horses in the CD as it is . That's right. Anyone can race there and the extra funds come from ATR's and the 2 clubs' own revenue activities. Edited October 12, 2021 by curious Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 12, 2021 Author Share Posted October 12, 2021 3 minutes ago, curious said: 2 clubs' own revenue activities. A lot of cake stalls, chook raffles and chocolate wheels! Quote Link to comment Share on other sites More sharing options...
Bill Posted October 12, 2021 Share Posted October 12, 2021 13 hours ago, Chief Stipe said: $2 million stakes boost for Auckland racing NZ Racing Desk 11 October 2021 Auckland Thoroughbred Racing (ATR) has announced it will be contributing over $2 million towards stakes at Ellerslie and Pukekohe Park this season. The contribution, which is over and above New Zealand Thoroughbred Racing’s minimums, comprises $930,000 previously committed by ATR and a further $1.1 million, making a total of $2.03m contributed by the Club. Wilcox said the announcement is the first step towards ATR honouring the commitments it made during the Club’s recent merger process. “We are pleased to embark on this new era of thoroughbred racing in Auckland by taking immediate action in increasing the level of return to our all-important stakeholders – our owners, trainers and jockeys,” Wilcox said. “We made it well-known during the merger process that we are firmly-focused on continuing our investment and growth in the industry, and that stakes increases are the first priority for Auckland Thoroughbred Racing. “This is a great first step on our journey towards rewarding those who choose to race with us, whether that’s at Ellerslie or Pukekohe Park.” ATR chairman Doug Alderslade said the Club’s investment into stakes further reflects its commitment to the racing industry in New Zealand. “We are delighted to be in a position to inject much needed stakes increases into our races which will benefit all industry participants,” he said. “We remain confident that as we continue to implement our new business model, we will be in a position to announce further stake increases in the future.” The stakes increases will be distributed via: Non-black type races at ATR’s iconic, premier, feature and industry days between: - 15 December 2021 - 31 July 2022 for industry days - 20 November 2021 - 12 March 2022 for those others listed ATR’s black type races held between 20 November 2021 – 31 July 2022 In addition to the above, ATR has further enhanced January’s New Zealand Bloodstock Karaka Million by increasing stakes on the four non-$1m races to: Westbury Classic - $150,000 (was $110,000) Brighthill Farm Concorde Handicap - $110,000 (was $80,000) Cambridge Stud Almanzor Trophy - $110,000 (was $80,000) Collinson Forex Karaka Cup - $110,000 (was $100,000) Wilcox said the Club hopes the increases will encourage increased participation at ATR’s meetings. “We want our racecourses to be the destinations of choice for thoroughbred racing in New Zealand,” he said. “It is hoped that today’s announcement will assist in not only attracting quality fields for our feature races, but broaden the appeal of our other races throughout the season too.” Last season, Auckland Racing Club contributed $945,000 of its own monies in stakes, offering a combined total of $10.3 million and Counties Racing Club offered a total of $1.5 million in stakes. This season, ATR will offer a total of $11 million in stakes between 20 November 2021 - 12 March 2022. How dare ATR dip into their own pockets to put more into the industry…ffs you would moan if your ass was on fire and you’d moan again if someone put it out. 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 12, 2021 Author Share Posted October 12, 2021 6 hours ago, Bill said: How dare ATR dip into their own pockets to put more into the industry…ffs Why don't they pay back the money they are subsidised first? Or is the dream that all racing will be based at Ellerslie? Stuff the rest of the North Island. 1 Quote Link to comment Share on other sites More sharing options...
Nostradamus Posted October 12, 2021 Share Posted October 12, 2021 Maybe the home of the new zealand cup riccarton could do the same thing in the south 🤣 1 Quote Link to comment Share on other sites More sharing options...
curious Posted October 12, 2021 Share Posted October 12, 2021 5 hours ago, Chief Stipe said: Why don't they pay back the money they are subsidised first? Or is the dream that all racing will be based at Ellerslie? Stuff the rest of the North Island. Why should they pay that back? They get the same subsidies as available to the rest of the industry If there's a problem, it's the basis for that which is unrelated to performance, especially wagering revenue performance. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 13, 2021 Author Share Posted October 13, 2021 23 minutes ago, curious said: Why should they pay that back? They get the same subsidies as available to the rest of the industry If there's a problem, it's the basis for that which is unrelated to performance, especially wagering revenue performance. But they don't get the same subsidies as the rest of the industry do they? Don't they actually get more because of their premier status and the number of "Iconic" races they run? In the 2020 annual report their total NZ Turnover was $43m and Export $19m. Total Stakes $9m. Quote Link to comment Share on other sites More sharing options...
curious Posted October 13, 2021 Share Posted October 13, 2021 1 hour ago, Chief Stipe said: But they don't get the same subsidies as the rest of the industry do they? Don't they actually get more because of their premier status and the number of "Iconic" races they run? In the 2020 annual report their total NZ Turnover was $43m and Export $19m. Total Stakes $9m. They get the same for those as premer and iconic days elsewhere. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 13, 2021 Author Share Posted October 13, 2021 12 minutes ago, curious said: They get the same for those as premer and iconic days elsewhere. Wow I didn't know that. Any chance that Ellerslie has more Premier Days and Iconic/Group races than elsewhere? Quote Link to comment Share on other sites More sharing options...
curious Posted October 13, 2021 Share Posted October 13, 2021 45 minutes ago, Chief Stipe said: Wow I didn't know that. Any chance that Ellerslie has more Premier Days and Iconic/Group races than elsewhere? Of course they do but I don't see why that means they should pay back the stakes subsidies for those days any more than any other club should. I do agree that NZTR funding the sweepstakes races is a shocker. Quote Link to comment Share on other sites More sharing options...
Joe Bloggs Posted October 13, 2021 Share Posted October 13, 2021 What a weak arsed owners association sanctioning that MO.........Kawanka, all well and good Vella and co getting richer off that folly, but it's revenue lost to the grassroots industry, they want to run a magic millions type race then fund it themselves. Quote Link to comment Share on other sites More sharing options...
Gospel of Judas Posted October 17, 2021 Share Posted October 17, 2021 Usually on story Vella and co geting richer! plus all ones grave NZ First donations! nothing to see please move along... Quote Link to comment Share on other sites More sharing options...
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