A.T.R stakes

[Freda]

I see a notice from Paul Wilcox, C.E.O of the new Auckland Racing amalgamation, promising minimum stakes of 20k across the board.

That is great news indeed for stakeholders in that region  [although, still not funded  from a successful industry model, but from a private commercial development].

It makes me wonder just what may have been possible for Canterbury Racing if the significant asset at Riccarton Park had been capitalised and a business case developed along similar lines?

Reefton has been pointing that out for quite some time.

[Huey]

Sorry but this is laughable annoucing this, the biggest club (most well looked after by the industry as well) in NZ telling the industry it'll have min stakes of $20k and this is is the sort of thing we are supposed to celebrate.

Meanwhile in Nowra today a town of around 30k population they are racing for $27k! per race.

 

[Chief Stipe]

What's more the Stakes in OZ are generated largely by racing activity not "diversified investments"!

In my opinion it isn't sustainable if it isn't based on the core business.

I've seen the "good times are coming" rolled out so many times in the past that I wait with bated breath for the TAB-NZ July year end financial result.

[Chief Stipe]

1 hour ago, Freda said:

It makes me wonder just what may have been possible for Canterbury Racing if the significant asset at Riccarton Park had been capitalised and a business case developed along similar lines?

The CJC has had ample industry supplied capital which they have pissed away.  Why didn't they look after their turf track?  After all isn't that what their core business gallops on?

[Joe Bloggs]

It's all very sad in reality. Having sad that, the sadness is relentless, sadly.

[nod]

Why did I think that Riccarton was leased to the racing club?

[Chief Stipe]

Since the CJC has screwed every other club in the near vicinity and ruined their Rangiora asset they have no alternative turf venues to race on while the Riccarton track is renovated.  Which is needed now and on a regular basis in the future.

I guess the ARC has had some foresight in that regard. 

[curious]

2 hours ago, Chief Stipe said:

What's more the Stakes in OZ are generated largely by racing activity not "diversified investments"!

In my opinion it isn't sustainable if it isn't based on the core business.

I've seen the "good times are coming" rolled out so many times in the past that I wait with bated breath for the TAB-NZ July year end financial result.

I'm not sure their core business is what you suggest. It seems to me that for the past couple of decades their core business has been sourcing other revenue streams to subsidise what was their core business, pretty much the opposite of the OZ model. The ATR approach is an extension of that.

Edited August 29, 2022 by curious

[Chief Stipe]

2 minutes ago, curious said:

I'm not sure their core business is what you suggest. It seems to me that for the past couple of decades their core business has been sourcing other revenue streams to subsidise what was their core business, pretty much the opposite of the OZ model. The ATR approach is an extension of that.

The point I was making is that they haven't maintained their core business and now find themselves competing ineffectively in the hospitality industry.

[Chief Stipe]

I guess the usual suspects will be singing from the heights about how great it is.  The likes of @JJ Flash for example.  Where are the fantastic gains in revenue that were lauded by these people?  We await the financials for July and the preliminary annual result.

Yes nice to see an increase in stakes in Auckland but it only adds to the industry problems.  Will gallops eventually go the same way as harness in Auckland?

I suspect a lot has been punted on grabbing Avondales assets.

[Freda]

1 hour ago, nod said:

Why did I think that Riccarton was leased to the racing club?

More or less.

But the original intent of the 'Deed of Gift' was neatly overridden to get part of the area sold for housing, shouldn't have been hard to get the rest flogged off as well.

 

[Freda]

31 minutes ago, curious said:

I'm not sure their core business is what you suggest. It seems to me that for the past couple of decades their core business has been sourcing other revenue streams to subsidise what was their core business, pretty much the opposite of the OZ model. The ATR approach is an extension of that.

Exactly.

While enterprise is to be applauded, the failure of the industry to fund itself is still critical. 

Even the Nakhle initiative wrt training young racing personnel is a private one - albeit sanctioned by head office -  not an industry funded option.

[Freda]

1 hour ago, Chief Stipe said:

Since the CJC has screwed every other club in the near vicinity and ruined their Rangiora asset they have no alternative turf venues to race on while the Riccarton track is renovated.  Which is needed now and on a regular basis in the future.

I guess the ARC has had some foresight in that regard. 

That Rangiora asset is still being utilized by numbers of Riccarton based trainers for grass gallop options. 

[Chief Stipe]

2 hours ago, Freda said:

That Rangiora asset is still being utilized by numbers of Riccarton based trainers for grass gallop options. 

Cool.  So it's ready to race on.

[mikeynz]

5 hours ago, Chief Stipe said:

What's more the Stakes in OZ are generated largely by racing activity not "diversified investments"!

 

And that would be betting ? 

Riccarton grass track a heavy 10, can't be good to keep hammering the shit out of it all the time, share the load with some other clubs or does that make too much sense.

[The Centaur]

3 hours ago, Chief Stipe said:

I guess the usual suspects will be singing from the heights about how great it is.  The likes of @JJ Flash for example.  Where are the fantastic gains in revenue that were lauded by these people?  We await the financials for July and the preliminary annual result.

Yes nice to see an increase in stakes in Auckland but it only adds to the industry problems.  Will gallops eventually go the same way as harness in Auckland?

I suspect a lot has been punted on grabbing Avondales assets.

A couple seasons ago the Ellerslie track was relaid, resown, regrassed ..whatever and the 6 foot drains the horses galloped into removed. At quite some cost.

Amazing how the corporate spin now works. The measures were only "temporary" and the underneath drainage work "needed done" for the new development. If Ellerslie can afford extra stakes (still paltry) why can't they just say where the money is coming from and not pat themselves on the back with the "new Business model"

[Freda]

5 hours ago, mikeynz said:

And that would be betting ? 

Riccarton grass track a heavy 10, can't be good to keep hammering the shit out of it all the time, share the load with some other clubs or does that make too much sense.

That would seem to be the point of the AWT. 

[Mark D]

On 30/08/2022 at 5:59 AM, Freda said:

I see a notice from Paul Wilcox, C.E.O of the new Auckland Racing amalgamation, promising minimum stakes of 20k across the board.

That is great news indeed for stakeholders in that region  [although, still not funded  from a successful industry model, but from a private commercial development].

It makes me wonder just what may have been possible for Canterbury Racing if the significant asset at Riccarton Park had been capitalised and a business case developed along similar lines?

Reefton has been pointing that out for quite some time.

Yip I made this comment on NZTR's Facebook post trumpeting this announcement

"The least they can do as they've been bleeding the rest of the racing in NZ dry. Of course Counties used to have these 20k days about 30 years ago so it shows how the racing industry has plummeted due to bad management."

Got one like LOL