Chief Stipe Posted February 19, 2022 Share Posted February 19, 2022 47 minutes ago, Ludwig said: Time to sell up and relocate to a better location It isn't the Club's to "sell up". There is no industry cashola to come from this joint. Quote Link to comment Share on other sites More sharing options...
curious Posted February 19, 2022 Share Posted February 19, 2022 Don't you think it would be better for the city though to sell up and for Taranaki racing to relocate to Stratford and/or Hawera? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted February 19, 2022 Share Posted February 19, 2022 8 minutes ago, curious said: Don't you think it would be better for the city though to sell up and for Taranaki racing to relocate to Stratford and/or Hawera? But if the city sells up how would the Club get any money? Quote Link to comment Share on other sites More sharing options...
mikeynz Posted February 19, 2022 Share Posted February 19, 2022 10 minutes ago, Chief Stipe said: But if the city sells up how would the Club get any money? Who owns Hawera ? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted February 19, 2022 Share Posted February 19, 2022 4 minutes ago, mikeynz said: Who owns Hawera ? I think the Club. Quote Link to comment Share on other sites More sharing options...
curious Posted February 19, 2022 Share Posted February 19, 2022 5 hours ago, Chief Stipe said: But if the city sells up how would the Club get any money? They wouldn't unless there was some arrangement made to that effect Quote Link to comment Share on other sites More sharing options...
Huey Posted February 19, 2022 Author Share Posted February 19, 2022 Does it really matter who owns what now ? With the new legislation , doesn't NZTR have ultimate control over club assets at any rate? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted February 19, 2022 Share Posted February 19, 2022 12 minutes ago, Huey said: Does it really matter who owns what now ? With the new legislation , doesn't NZTR have ultimate control over club assets at any rate? Taranaki doesn't have any assets. It operates on leased land. Quote Link to comment Share on other sites More sharing options...
curious Posted February 19, 2022 Share Posted February 19, 2022 1 hour ago, Chief Stipe said: Taranaki doesn't have any assets. It operates on leased land. Well if they don't have any assets then maybe they should close down and let the clubs with assets carry on. 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted February 19, 2022 Share Posted February 19, 2022 22 minutes ago, curious said: Well if they don't have any assets then maybe they should close down and let the clubs with assets carry on. Maybe Foxton could flog Taranaki's High Speed fibre broadband circuit? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted February 19, 2022 Share Posted February 19, 2022 According to the 2021 Annual report Taranaki has $5m in property plant and equipment assets. I assume part of this property is stables and stands. But what value are they when they are on land leased from the New Plymouth District Council? The Council want to build a sports hub and close the track. However there is a Act of Parliament that gives the Racecourse some legal standing. Hence the current bun fight. Taranaki_fs_(1).pdf New Plymouth Recreation and Racecourse Reserve Act 1999.pdf Quote Link to comment Share on other sites More sharing options...
curious Posted February 19, 2022 Share Posted February 19, 2022 Yes. So, they should be able to sell back their lease and race elsewhere. Pretty hopeless staying there given the state of the track for decades now with no investment in reconditioning it like most tracks in the country. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted February 19, 2022 Share Posted February 19, 2022 18 minutes ago, curious said: So, they should be able to sell back their lease and race elsewhere. I thought it was up for renewal? Even so I can't see how the lease would be worth anything let alone the amount necessary to purchase land to build a track somewhere else. They are only able to hang in there because of the New Plymouth Recreation and Reserve Act. They aren't the only Track in that situation in NZ. Quote Link to comment Share on other sites More sharing options...
Guest Whyisit Posted February 19, 2022 Share Posted February 19, 2022 (edited) I thought the bun fight is over the name change of the club therefore in some eyes nullifies the agreement with the club. Edited February 19, 2022 by Whyisit Quote Link to comment Share on other sites More sharing options...
Freda Posted February 20, 2022 Share Posted February 20, 2022 2 hours ago, Whyisit said: I thought the bun fight is over the name change of the club therefore in some eyes nullifies the agreement with the club. I read that somewhere, too. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted February 20, 2022 Share Posted February 20, 2022 6 hours ago, Whyisit said: I thought the bun fight is over the name change of the club therefore in some eyes nullifies the agreement with the club. Still the same entity racing on the New Plymouth Recreation and Racing Reserve. Just a name change. Quote Link to comment Share on other sites More sharing options...
Guest Whyisit Posted February 20, 2022 Share Posted February 20, 2022 7 minutes ago, Chief Stipe said: Still the same entity racing on the New Plymouth Recreation and Racing Reserve. Just a name change. I think it will go to the courts to sort it out. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted February 20, 2022 Share Posted February 20, 2022 2 minutes ago, Whyisit said: I think it will go to the courts to sort it out. Either side won't lose or win just because of a name change. The legal argument will focus on the applicable Act that I posted above. The only solution is a commercial mediation where the Council pays money or does a land swap to move the Racing Club on. There was some talk of that a couple of years back. Neither side has a particularly strong hand to play in the negotiation. Of course the left field option is NZTR testing the new Racing Act regarding the sale of assets but I'm not sure that that applies in this instance. Quote Link to comment Share on other sites More sharing options...
Chimbu Posted February 21, 2022 Share Posted February 21, 2022 https://www.stuff.co.nz/sport/racing/127839135/new-plymouth-raceway-stopped-from-holding-races New Plymouth Raceway stopped from holding races Glenn McLean18:00, Feb 21 2022 SIMON O'CONNOR/STUFF New Plymouth Raceway could be without racing for an extended period of time. New Plymouth Raceway could be without any racing for an extended period of time after the sport’s governing body ruled there would be no more meetings until the track was considered safe. Taranaki racing officials are due to meet on Monday night to talk about the future of the track after another meeting was abandoned due to safety concerns. New Zealand Thoroughbred Racing (NZTR) have told Taranaki Thoroughbred Racing that it would not schedule meetings at the New Plymouth Raceway until it was satisfied the track was safe and reliable. The governing body’s decision followed Friday’s race meeting abandonment, the third of four previously scheduled meetings at the course that has been scratched, including the club’s premier Taranaki Cup meeting earlier this month. READ MORE: * New plan removes one hurdle to New Plymouth's proposed $91 million multi-sport hub * Coronavirus: Spectators shut out of New Plymouth midweek race meeting * Solution sought to name change lease termination glitch at New Plymouth's Pukekura Raceway That meeting was called off after the first race when a horse slipped. Friday’s meeting did not even get to that stage with riders spooked about the 2mm of rain which had fallen on the track in the morning. “This concern was related to what riders perceived as the firmness of the surface with moisture sitting on top and comparisons were made with the Saturday, February 5 (Taranaki Cup) abandonment,” NZTR said in a release. “A subsequent meeting with riders saw them indicating that they had no confidence in conditions being safe in light of the morning’s rain. Considering these concerns there was no other option but to abandon the day’s racing.” The abandonment of the recent meetings follows limited or no crowds being able to attend numerous race days at the New Plymouth Raceway in the last two years because of Covid-19 restrictions. There has also been a public spat between the Taranaki Thoroughbred Racing Club and the New Plymouth District Council about the long-term lease of the New Plymouth Raceway, and legal threats made by the club over a proposed $91 million multi-sport hub which is earmarked to be built at the racecourse. GRANT MATTHEW/STUFF Taranaki Thoroughbred Racing chief executive Carey Hobbs. Taranaki Thoroughbred Racing chief executive Carey Hobbs felt that the club was a victim of circumstance with heavy rain falling following an extended dry spell, while he was also concerned that protocols around abandoning meetings did not take place. The club had previously said it had followed all NZTR guidelines on moisture levels, designed to ensure the track was safe if any rain fell prior to the start of the meeting. Hobbs was reluctant to say anything further until the club’s executive met and decided a course of reply to NZTR. However, there was a “likelihood” that future meetings scheduled for New Plymouth could be transferred to Hāwera, Hobbs said. A turf specialist, under the guidance of NZTR track advisor Todd Treweek, inspected the New Plymouth course on Monday and will provide a report to racing officials. “Once that is reviewed and implemented thought will be given as to how a return to racing at New Plymouth will be managed,” NZTR said. The next scheduled New Plymouth meeting on NZTR’s calendar was on Friday, March 25. We're in this together, Quote Link to comment Share on other sites More sharing options...
mikeynz Posted February 22, 2022 Share Posted February 22, 2022 Ascot Park always seemed to have issues, these days it actually looks a good surface,they race about 8 times a season unlike Riccarton as one example where they beat the shit out of it late winter/spring, that's where one needs to share the load by racing at other venues, if New Plymouth was to be the only track in Taranaki then regardless of how much you spend on the track it's always going to come under pressure if the weather is crap, you simply cant put all your eggs in one basket, as in venues, N Zs climate is pretty fickle. 1 Quote Link to comment Share on other sites More sharing options...
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