Chief Stipe Posted November 16, 2021 Share Posted November 16, 2021 Bernie's memoir. The 2020-21 NZTR Annual Report. NZTR AR 20-21 WEB FINAL.pdf Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted November 16, 2021 Author Share Posted November 16, 2021 I'm surprised no one has picked up on the Special Projects (details attached). $2.2m spent in the last two years on a "Single National System". Anyone seen the business case? Add to this another $800k for "Clubs Digital"....whatever that means! So NZTR has spent $3m in the last two years on two major IT projects which are not expected to go live until the second quarter of 2022!!!! Can we expect another $1-2m in expenditure? Compare that to $53k spent on the "Track Maintenance Programme"! 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted November 16, 2021 Author Share Posted November 16, 2021 I've only quickly scanned the accounts but I notice that NZTR banged $5m of industry money into a short term investment. Probably are the Stakes not paid out due to reduced meetings under Covid. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted November 16, 2021 Author Share Posted November 16, 2021 Registrations revenue has dropped by $202k from $856k to $654k. Less horses? Quote Link to comment Share on other sites More sharing options...
Huey Posted November 16, 2021 Share Posted November 16, 2021 24 minutes ago, Chief Stipe said: Registrations revenue has dropped by $202k from $856k to $654k. Less horses? Yep you'd have to think so. I just love how they have a habit of giving themselves a pat of the back for soing things the industry has been suggesting for sometime , like starters incentives. Average field size will be an anomaly , they are too naive to realise that. That has been assisted by the Covid situation and reduction in racing venues, but breeders and owners are racting to that just look at the potential foal crops coming through. Quote Link to comment Share on other sites More sharing options...
Huey Posted November 16, 2021 Share Posted November 16, 2021 39 minutes ago, Chief Stipe said: I'm surprised no one has picked up on the Special Projects (details attached). $2.2m spent in the last two years on a "Single National System". Anyone seen the business case? Add to this another $800k for "Clubs Digital"....whatever that means! So NZTR has spent $3m in the last two years on two major IT projects which are not expect to go live until the second quarter of 2022!!!! Can we expect another $1-2m in expenditure? Compare that to $53k spent on the "Track Maintenance Programme"! Well at that cost to the industry it should be resucing the cost of areas like mare returns, naming etc in a very siginificant manner - well you would want to think so, but will they let go of the money spinner those areas are? Quote Link to comment Share on other sites More sharing options...
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