NZTR CEO Sharrock Speaks..... 30 May 2022

[Chief Stipe]

Video edited to only cover Sharrocks interview.....

 

[Reefton]

Bit fond of name dropping and telling us who he knows and what he has done

Makes you wonder if he is that good and that well connected why he would want to be part of a industry clearly close to capitulation

In light of this naughty boy TVNZ recently employed I also draw parallels with someone employed without a proper selection process

This is going to be interesting!

 

 

 

Edited May 31, 2022 by Reefton

[Doomed]

Interesting piece, good to see it. From my amateur perspective there seemed to be four interesting aspects.

When discussing the fact that turnovers were actually up on the AWT I presume he meant that 7 races at Cambridge did more turnover than 9 races would have done elsewhere in the Waikato. He wasn't totally clear on that.

His revelation that next season's stakes increases would be all about "celebrating the big events" should be a worry for the majority of owners, trainers and tracks that aren't lucky enough to be involved with the big events.

I found it interesting that the selling off of many tracks would create a revenue stream. I thought it would be more like a one off capital injection, that would be quickly pissed away based on previous history.

Then we had some vague waffle about intergenerational involvement with tracks. I had no idea what that meant. Once a provincial track is sold off to fund big city needs I'm not sure how future generations will benefit. I'm not sure that future generations from Hokitika or Marlborough will look with pride on the Riccarton AWT and say I helped fund that.

[Chief Stipe]

22 minutes ago, Doomed said:

Interesting piece, good to see it. From my amateur perspective there seemed to be four interesting aspects.

When discussing the fact that turnovers were actually up on the AWT I presume he meant that 7 races at Cambridge did more turnover than 9 races would have done elsewhere in the Waikato. He wasn't totally clear on that.

His revelation that next season's stakes increases would be all about "celebrating the big events" should be a worry for the majority of owners, trainers and tracks that aren't lucky enough to be involved with the big events.

I found it interesting that the selling off of many tracks would create a revenue stream. I thought it would be more like a one off capital injection, that would be quickly pissed away based on previous history.

Then we had some vague waffle about intergenerational involvement with tracks. I had no idea what that meant. Once a provincial track is sold off to fund big city needs I'm not sure how future generations will benefit. I'm not sure that future generations from Hokitika or Marlborough will look with pride on the Riccarton AWT and say I helped fund that.

Basically he is going to give us more of the same.  FFS can't they see it hasn't worked and isn't going to work.

I wish they'd wake up and do the complete opposite of what they are doing.

More stakes on Premier days isn’t going to do anything if you are not providing funding to get horses through the grades.

As for investing the capital to generate a revenue stream.  Did they ever think of making changes to the core product so it generated revenue to fund itself?

[Gospel of Judas]

Usually old story pissing in pockets of Waikato breeding magnets. For grand glory races and forgetting about other 90% of owners  don't make any money on racing horses.  Nothing really changed by two  AWF tracks and want more. 

Can see why all smart track put there in trusts, so NZTR on behalf of NZ First mates in Waikato don't along and piss up against the wall. Since they be the ones, keeping it for multi generations. 

Oh re return on per meeting cost of capital we all know it is where the large glory meetings they want fund exist. 

 

[Reefton]

49 minutes ago, Gospel of Judas said:

Usually old story pissing in pockets of Waikato breeding magnets. For grand glory races and forgetting about other 90% of owners  don't make any money on racing horses.  Nothing really changed by two  AWF tracks and want more. 

Can see why all smart track put there in trusts, so NZTR on behalf of NZ First mates in Waikato don't along and piss up against the wall. Since they be the ones, keeping it for multi generations. 

Oh re return on per meeting cost of capital we all know it is where the large glory meetings they want fund exist. 

 

Unfortunately it is too late to be put in trusts or ownership transferred - the legislation puts a caveat on all club real estate - you cannot do anything with it without NZTR approval(or HRNZ as the case may be)

The only ones quick enough off the mark were the Westland Racing Club and haven't little Bernard and his cronies thrown their toys out of the cot about that.  Did they think clubs would just bend over and let NZTR shaft them? 

They must be bloody thick.

[Gospel of Judas]

2 minutes ago, Reefton said:

Unfortunately it is too late to be put in trusts or ownership transferred - the legislation puts a caveat on all club real estate - you cannot do anything with it without NZTR approval(or HRNZ as the case may be)

The only ones quick enough off the mark were the Westland Racing Club and haven't little Bernard and his cronies thrown their toys out of the cot about that.  Did they think clubs would just bend over and let NZTR shaft them? 

They must be bloody thick.

What about Waterlea? thought done it like three years ago?

[Gospel of Judas]

https://app.businessregisters.govt.nz/sber-businesses/viewInstance/view.html?id=229a78e05307b6d8bf1b29667f00cb17d569abe9445a0655#scrollTop

[Reefton]

13 minutes ago, Gospel of Judas said:

What about Waterlea? thought done it like three years ago?

Not sure that they did actually(though I could be wrong).  I know they were seriously considering it and seeking legal advice(we did too) but Covid got in the way and we did not progress it and I don't think they did either.  We were in contact with them.

Kurow may have done something - not 100% sure there either

 

Edited May 31, 2022 by Reefton

[Gospel of Judas]

45 minutes ago, Reefton said:

Not sure that they did actually(though I could be wrong).  I know they were seriously considering it and seeking legal advice(we did too) but Covid got in the way and we did not progress it and I don't think they did either.  We were in contact with them.

Kurow may have done something - not 100% sure there either

 

All done for them, up and  runing.  https://app.businessregisters.govt.nz/sber-businesses/viewInstance/view.html?id=229a78e05307b6d8bf1b29667f00cb17123d9cc0826a2097#scrollTop

 

Charity trust accounts. https://register.charities.govt.nz/CharitiesRegister/ViewCharity?accountId=46cd0e94-1493-ea11-ba6c-00155d6b7730&searchId=a97f2eb5-2cdb-4508-beef-3c871af5fb9a 

[Freda]

9 hours ago, Doomed said:

Interesting piece, good to see it. From my amateur perspective there seemed to be four interesting aspects.

When discussing the fact that turnovers were actually up on the AWT I presume he meant that 7 races at Cambridge did more turnover than 9 races would have done elsewhere in the Waikato. He wasn't totally clear on that.

His revelation that next season's stakes increases would be all about "celebrating the big events" should be a worry for the majority of owners, trainers and tracks that aren't lucky enough to be involved with the big events.

I found it interesting that the selling off of many tracks would create a revenue stream. I thought it would be more like a one off capital injection, that would be quickly pissed away based on previous history.

Then we had some vague waffle about intergenerational involvement with tracks. I had no idea what that meant. Once a provincial track is sold off to fund big city needs I'm not sure how future generations will benefit. I'm not sure that future generations from Hokitika or Marlborough will look with pride on the Riccarton AWT and say I helped fund that.

The bit about ' the big events' concerned me too.  Doesn't look like the bottom feeders are going to get many scraps.

I would have thought that with his sporting background, he would be well aware how important it is to have a strong base from where the elite performers can be developed.

[Reefton]

10 hours ago, Gospel of Judas said:

All done for them, up and  runing.  https://app.businessregisters.govt.nz/sber-businesses/viewInstance/view.html?id=229a78e05307b6d8bf1b29667f00cb17123d9cc0826a2097#scrollTop

 

Charity trust accounts. https://register.charities.govt.nz/CharitiesRegister/ViewCharity?accountId=46cd0e94-1493-ea11-ba6c-00155d6b7730&searchId=a97f2eb5-2cdb-4508-beef-3c871af5fb9a 

Couldn't read the first but read the second one.  Thanks for that.  Interesting.  Surprised there hasn't be a real kickback on that like there has been for the Westland guys(though I suppose the taking away of their racedays was the payback and NZTR does not want to irritate them too much lest they stop thoroughbreds transiting there while waiting for or coming off the ferry)  

[Gospel of Judas]

4 hours ago, Reefton said:

Couldn't read the first but read the second one.  Thanks for that.  Interesting.  Surprised there hasn't be a real kickback on that like there has been for the Westland guys(though I suppose the taking away of their racedays was the payback and NZTR does not want to irritate them too much lest they stop thoroughbreds transiting there while waiting for or coming off the ferry)  

Hopefully get runing rail fixed and then watch excuses from NZTR come out! Be one of the few clubs with money, since got ride of some surplus non course land years ago.

[Reefton]

34 minutes ago, Gospel of Judas said:

Hopefully get runing rail fixed and then watch excuses from NZTR come out! Be one of the few clubs with money, since got ride of some surplus non course land years ago.

Don't know why they would replace the rail if they are not guaranteed a race meeting.  That would seem like a waste to me. 

They aren't the only club with money though - Westland had about $300k from land sales(they have now given most of it away to the Council of course) and Riccarton must have a fortune in their kitty from the Grandstand insurance proceeds and the land sales.  Greymouth sold land for good(ish) money too.

Auckland will not be short either after selling the hill.  Difference with the CJC and ARC though is that they might have money in the bank but they will still have their hand out for more handouts from NZTR and their cronies(who will be dumb enough to give it to them)

 

 

 

[Doomed]

1 hour ago, Reefton said:

Don't know why they would replace the rail if they are not guaranteed a race meeting.  That would seem like a waste to me. 

They aren't the only club with money though - Westland had about $300k from land sales(they have now given most of it away to the Council of course) and Riccarton must have a fortune in their kitty from the Grandstand insurance proceeds and the land sales.  Greymouth sold land for good(ish) money too.

Auckland will not be short either after selling the hill.  Difference with the CJC and ARC though is that they might have money in the bank but they will still have their hand out for more handouts from NZTR and their cronies(who will be dumb enough to give it to them)

 

 

 

Has Riccarton been paid out for the grandstand? If so, surely they will demolish it one day. Obviously the insurance wasn't enough to build a new one, but surely it was enough to demolish the old one. Its a terrible look. 

[Bloke]

All Board Members are appointed by the Members' Council and they will be installing those who are willing to carry out their Agenda.

So at the end of the day Board Members including Sharrock are just puppets.

 

 

[Huey]

You'd have to be very naive to not understand where many of his views come from.

I'm predicting a bonanza for only a few & thus a more fragmented,  divided and directionless industry. 

[Huey]

On 31/05/2022 at 8:25 PM, Chief Stipe said:

Basically he is going to give us more of the same.  FFS can't they see it hasn't worked and isn't going to work.

I wish they'd wake up and do the complete opposite of what they are doing.

More stakes on Premier days isn’t going to do anything if you are not providing funding to get horses through the grades.

As for investing the capital to generate a revenue stream.  Did they ever think of making changes to the core product so it generated revenue to fund itself?

Agree, but they won't change no leader has the gumption to stand up and make those decisions that need to be made .

[Doomed]

17 minutes ago, Huey said:

You'd have to be very naive to not understand where many of his views come from.

I'm predicting a bonanza for only a few & thus a more fragmented,  divided and directionless industry. 

I don't actually think it will become more fragmented, divided and directionless. I think those who have given up will just give up and drift off and not buy horses, not punt and not attend meetings, not that many will have a local meeting anymore anyhow. It will be left with just the little elite who think they know best and in 3 or 4 years thay will collectively say "bugger, we fucked that up didn't we."

[Doomed]

Having just posted that message above it made me think of the days when I used to go to Cup Week in Chch and Wgtn and most of the attendees were punters. These days it would be lucky if 10% were punters, the rest are just youngsters there for the piss up. How long can that sustain an industry.

[Reefton]

18 minutes ago, Doomed said:

I don't actually think it will become more fragmented, divided and directionless. I think those who have given up will just give up and drift off and not buy horses, not punt and not attend meetings, not that many will have a local meeting anymore anyhow. It will be left with just the little elite who think they know best and in 3 or 4 years thay will collectively say "bugger, we fucked that up didn't we."

That about sums it up.

We will just drift away.  I should have gone years ago and saved myself a lot of grief.  To be blunt I doubt the people of Reefton appreciate the effort put in on their behalf in any case and as far as having the odd share in a nag well that would be the biggest mug's game going(closely followed by punting).

 

 

[Huey]

20 minutes ago, Doomed said:

I don't actually think it will become more fragmented, divided and directionless. I think those who have given up will just give up and drift off and not buy horses, not punt and not attend meetings, not that many will have a local meeting anymore anyhow. It will be left with just the little elite who think they know best and in 3 or 4 years thay will collectively say "bugger, we fucked that up didn't we."

Yep,that actually sums it up nicely!