Chief Stipe Posted June 16, 2023 Share Posted June 16, 2023 New Zealand Thoroughbred Racing (NZTR) has announced a $20.3 million stakes increase for the 2023-24 racing season. NZTR Board and management believe that increasing prizemoney provides all stakeholders with the confidence to invest and grow New Zealand’s racing industry. “At the top of this priority list is the enhancement to stakes funding, increasing by $20.3 million and taking our total stakes funding to $90.8 million for next season,” NZTR chairman Cameron George said. “This is a fantastic opportunity for our industry and the recent approval of the TAB NZ Entain strategic partnership has allowed NZTR to plan with certainty for the next five years and prioritise areas of the business to promote growth.” NZTR chief executive Bruce Sharrock said the increase in funding will benefit the entire thoroughbred industry. “We are pleased to see stakes funding spread across all categories and regions of racing,” he said. “NZTR has also introduced eight new innovation races, as well as further funding to the very successful Southern Mile. “We have also outlined key strategic priorities to be addressed over the next 12 to 36 months that will continue to improve all facets of our industry, which is paramount to improving wagering growth. “NZTR has also provided commentary on the recent TAB NZ Entain strategic partnering arrangement, with an explanation of what it means to our industry, as well as answering a number of frequently asked questions surrounding the agreement. “Our entire industry can all be very excited for what the future holds off the back of this announcement. We see this as our opportunity to lay the platform of improved professionalism and standards across the industry, leaving a legacy for generations to come.” Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 Quick off the mark! MEETING NEWS Stake Increases Cambridge JC 28 June The Cambridge JC have increased their stakes for the meeting on Wednesday 28 June. The R75 1550m will be run for $25k and all other races will be run for $15k Quote Link to comment Share on other sites More sharing options...
MEETING NEWS Stake Increases Cambridge JC 28 June The Cambridge JC have increased their stakes for the meeting on Wednesday 28 June. The R75 1550m will be run for $25k and all other races will be run for $15k
curious Posted June 16, 2023 Share Posted June 16, 2023 22 minutes ago, Chief Stipe said: Quick off the mark! MEETING NEWS Stake Increases Cambridge JC 28 June The Cambridge JC have increased their stakes for the meeting on Wednesday 28 June. The R75 1550m will be run for $25k and all other races will be run for $15k That was prior to the stakes announcement which doesn't take effect till next season. 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 27 minutes ago, curious said: That was prior to the stakes announcement which doesn't take effect till next season. I was being facetious although the stakes do align coincendentally with the new stakes structure. But all the same - the synthetic track races must be returning a good a yield. What would be the required turnover for $25k in stakes assuming no sponsorship? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 43 minutes ago, Chief Stipe said: “NZTR has also introduced eight new innovation races, as well as further funding to the very successful Southern Mile. Any trainers had input into these "innovation races"? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 Premier Maidens which will stay at $30,000. Group 1's had a significant boost increasing by a $100k to $400,000. Saturday meetings - Open Handicaps have increased from $40,000 - $50,000 and other benchmark races will increase from $30,000 - $40,000. Maiden races also get a significant increase too. Midweek racing racing for a minimum of $17,000 Open Handicaps $15,000 increased to $25,000. All 19 twilight meetings will have minimum stakes of $25,000 (increase of $11,000). We also see the introduction of "Innovation Races", which include a 4YO Karaka Million race worth $1,000,000. A South Island race worth $350,000 with "golden ticket" options. A special conditions Maiden race for Te Rapa worth $350,000. $350,000 for a 2100m race at Trentham for 1 win horses as of 31 July and the popular Southern Mile increases to $200,000. Total Stake $350,000 1st $175,000 2nd $59,500 3rd $28,000 4th $15,750 5th $8,750 6-14 $7,000 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 2 minutes ago, Chief Stipe said: We also see the introduction of "Innovation Races", which include a 4YO Karaka Million race worth $1,000,000. A South Island race worth $350,000 with "golden ticket" options. A special conditions Maiden race for Te Rapa worth $350,000. Yep the Rich get Richer. Quote Link to comment Share on other sites More sharing options...
Doomed Posted June 16, 2023 Share Posted June 16, 2023 23 minutes ago, Chief Stipe said: I was being facetious although the stakes do align coincendentally with the new stakes structure. But all the same - the synthetic track races must be returning a good a yield. What would be the required turnover for $25k in stakes assuming no sponsorship? It will be interesting how they allocate the three $100,000 AWT races. Sounds like each track will get a race each. I presume the mile to Riccarton, sprint at Awapuni and stayers race at Cambridge. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 Details in full. TAB NZ Entain Strategic Funding Document_FINAL.pdf Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 New Innovation Race: $350k Ellerslie not top 10 trainers $350,000 How is that inspirational? Let's reward mediocrity. Quote Link to comment Share on other sites More sharing options...
curious Posted June 16, 2023 Share Posted June 16, 2023 (edited) Yes. 4 350k races and $1m one. That's another 8% of the funding which I think could have been better allocated along with the group race funding imo. While I think the allocation overall is helpful and a positive for stakeholders, some of these decisions are hard to understand. I would have thought that in a 32 page document they might have devoted a page or 2 to share the data, evidence, rationale for the stakes allocation, especially in light of the fact that the NZTR share of the funding is contingent on their racing performance over future seasons. I struggle to see how some of these things will help that. Perhaps there will be a background document released explaining that. At the moment it's a bit of a mystery to some of us. Edited June 16, 2023 by curious 3 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 So to fund that extra $20m there will need to be an increase in turnover of over $100m? Quote Link to comment Share on other sites More sharing options...
curious Posted June 16, 2023 Share Posted June 16, 2023 5 minutes ago, Chief Stipe said: So to fund that extra $20m there will need to be an increase in turnover of over $100m? At least, and given that 50% of that will ultimately go to Entain, more than double that. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 6 minutes ago, curious said: At least, and given that 50% of that will ultimately go to Entain, more than double that. Since I first owned a horse I've seen 4 or more of these "turning point" "landmark" events. So far they have all ended up the same. All promise and no cigar. I don't feel confident about this one either - the numbers just don't add up. When the likes of JJ Flash and Scooby Do and the usual industry suspects are yelling from the rooftops how great it is.......well it only adds weight to the thoughts that this is yet another false dawn. Just like MacKenzie and his restructure the fundamental numbers don't add up. What's more we are making that worse by spending the increase by funding the wrong end - the top rather than the bottom where the top is fed from. The top stables and the elite racing clubs will benefit in the short term but I doubt it is sustainable. 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 13 minutes ago, curious said: At least, and given that 50% of that will ultimately go to Entain, more than double that. So another $250m in turnover minimum to sustain the stakes and more if they want to keep up with inflation. Let alone fund the desperately needed upgrades to tracks. That's just Thoroughbred turnover - what increase in funding are HRNZ and GRNZ getting? Quote Link to comment Share on other sites More sharing options...
curious Posted June 16, 2023 Share Posted June 16, 2023 17 minutes ago, Chief Stipe said: So another $250m in turnover minimum to sustain the stakes and more if they want to keep up with inflation. Let alone fund the desperately needed upgrades to tracks. That's just Thoroughbred turnover - what increase in funding are HRNZ and GRNZ getting? The same percentage wise. Quote Link to comment Share on other sites More sharing options...
nod Posted June 16, 2023 Share Posted June 16, 2023 26 minutes ago, Chief Stipe said: S What's more we are making that worse by spending the increase by funding the wrong end - the top rather than the bottom where the top is fed from. T Correct Chief With 50% never winning the money should go to the support crew- not to those that do not need it Items like NZTR rip offs for a change of ownership, naming, stud book and onto the high costs like transport, noms and acceptances It is the overall cost of participation that needs to be addressed -not rewards for the already successful, 1 2 Quote Link to comment Share on other sites More sharing options...
Special Agent Posted June 16, 2023 Share Posted June 16, 2023 7 hours ago, curious said: I would have thought that in a 32 page document they might have devoted a page or 2 to share the data, evidence, rationale for the stakes allocation, especially in light of the fact that the NZTR share of the funding is contingent on their racing performance over future seasons. This is a very good point. There doesn't appear to be any proof that any thought or rationale went into this "enhanced funding strategy". God forbid but, these seem to be figures plucked out of thin air because they don't make a hell of a lot of sense. I think we are supposed to be wetting our pants with excitement over this allocation of monies. I understand they are trying to be innovative. I still believe there is this air of grandeur and snobbery. For goodness sake we just want a fair suck of the sav for everyone in the industry, like many on here are saying from the bottom up, not the top to half way down. I can't understand why so many are oblivious to the bad decisions and how it hasn't dawned on them yet that we have heard it all before, just dressed a litle differently this time around. 2 Quote Link to comment Share on other sites More sharing options...
curious Posted June 16, 2023 Share Posted June 16, 2023 17 hours ago, Chief Stipe said: New Innovation Race: $350k Ellerslie not top 10 trainers $350,000 How is that inspirational? Let's reward mediocrity. I don't agree with the funding allocated for that race but also don't think that 'not top 10 trainers' necessarily represent mediocrity. Mostly just smaller stables. 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 38 minutes ago, curious said: I don't agree with the funding allocated for that race but also don't think that 'not top 10 trainers' necessarily represent mediocrity. Mostly just smaller stables. Depends how they measure "not top ten". Number of wins? Number of Grp and Listed wins? Stakes won? Strike rate? Will it be based on the current season to date? Or the last 12 months? A waste of money especially when there will be associated marketing costs and other overhead expenses on top of the Stakes funding. Those costs are paid out of the consolidated allocation. If you are going to spread the Stakes love then why not add another $3k to 100+ lower grade races. Cut the $1m 4yr old race to $350k and there is another $3k for 200 races. Quote Link to comment Share on other sites More sharing options...
curious Posted June 16, 2023 Share Posted June 16, 2023 Seems pretty clear to me. Conditions: Eligibility: For trainers outside of the Top 10 in prizemoney at midnight 30 November 2023 Horse must be in the trainer's stable list at midnight 31 July 2023. Horses may not be transferred from a Top 10 trainers stable to a trainer outside of the Top 10 after midnight 31 October 2023. Any horse transferred after 1 August will be ineligible to run Ballot order to be by rating based on eligible entries NZTR will be the sole judge to determine eligibility to compete in the fina Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 45 minutes ago, curious said: Seems pretty clear to me. Conditions: Eligibility: For trainers outside of the Top 10 in prizemoney at midnight 30 November 2023 Horse must be in the trainer's stable list at midnight 31 July 2023. Horses may not be transferred from a Top 10 trainers stable to a trainer outside of the Top 10 after midnight 31 October 2023. Any horse transferred after 1 August will be ineligible to run Ballot order to be by rating based on eligible entries NZTR will be the sole judge to determine eligibility to compete in the fina These are the next 20 not in the top 10 as of today - I realise it isn't as per the conditions. I can't see the value of this race at all. Darryn & Briar Weatherley 16 11 10 $875,815 102 5 6.38 Robbie Patterson 47 28 26 $872,695 188 0 4 Lance Noble 19 10 8 $848,355 94 4 4.95 Michael & Matthew Pitman 31 34 52 $833,080 386 0 12.45 Peter & Dawn Williams 19 12 12 $745,890 120 1 6.32 Graham Richardson & Rogan Norvall 10 8 24 $726,040 139 4 13.9 Andrew Carston 31 37 41 $712,230 448 0 14.45 Kelvin Tyler & Aimee Tyler 23 22 28 $652,710 257 2 11.17 Ben Foote 17 19 9 $648,730 122 3 7.18 Michael Moroney & Pam Gerard 11 21 24 $619,540 249 0 22.64 John & Karen Parsons 26 20 22 $609,165 231 0 8.88 Lance Robinson 23 22 21 $583,580 175 1 7.61 John Bary 13 17 14 $539,615 147 1 11.31 Shane Kennedy & Anna Furlong 17 26 17 $537,830 126 2 7.41 Shaune Ritchie & Colm Murray 27 9 19 $524,590 168 1 6.22 Roydon Bergerson 23 14 25 $514,335 157 1 6.83 Ken Rae & Krystal Williams 22 9 15 $507,135 155 1 7.05 Brian & Shane Anderton 18 20 8 $498,845 182 0 10.11 Terri Rae 24 23 9 $473,600 124 1 5.17 Johno Benner & Hollie Wynyard 19 15 7 $458,510 97 1 5.11 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 44 minutes ago, curious said: For trainers outside of the Top 10 in prizemoney at midnight 30 November 2023 So Prizemoney won between 1 August and 30 November. Quote Link to comment Share on other sites More sharing options...
Doomed Posted June 16, 2023 Share Posted June 16, 2023 54 minutes ago, curious said: Seems pretty clear to me. Conditions: Eligibility: For trainers outside of the Top 10 in prizemoney at midnight 30 November 2023 Horse must be in the trainer's stable list at midnight 31 July 2023. Horses may not be transferred from a Top 10 trainers stable to a trainer outside of the Top 10 after midnight 31 October 2023. Any horse transferred after 1 August will be ineligible to run Ballot order to be by rating based on eligible entries NZTR will be the sole judge to determine eligibility to compete in the fina I saw that myself. I might just be slow and I'm missing something, but I don't follow the bit about can't be transferred from a top 10 trainer after 31 Oct, and the bit about any horse transferred after 1 August will be ineligible. Surely the latter requirement makes the first bit redundant? Perhaps I am missing something. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted June 16, 2023 Author Share Posted June 16, 2023 2 minutes ago, Doomed said: I saw that myself. I might just be slow and I'm missing something, but I don't follow the bit about can't be transferred from a top 10 trainer after 31 Oct, and the bit about any horse transferred after 1 August will be ineligible. Surely the latter requirement makes the first bit redundant? Perhaps I am missing something. I think you are reading it right. I don't think any of this has been thought out that well. The Law of Unintended Consequences. Has NZTR released their marketing budget yet? Or is everything in terms of promotion migrating back to the TAB (Entain)? Quote Link to comment Share on other sites More sharing options...
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