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That has to be prepared once they have a venue or assets that have been transferred, not before. Racing codes must prepare property investment strategy in respect of transferred assets and venues (1) This section applies while a racing code owns any assets or surplus venues that have been transferred to the code in accordance with this subpart. -
By Bestbetbazza · Posted
Why would a Committee employ another Committee who then employ another Committee(consultants)!!!!!! Just resign, this just bulls..t -
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I suspect they thought clubs would just rollover and hand their tracks over. If they don’t, for the code to meet the section of the act that takes them anyway, the acquisition needs to meet “property investment strategy prepared under section 33.”. They don’t have one! Seems this is the crux of Project Stamina, to implement a strategy that allows them under the act, to take tracks they deem to be surplus. -
By Ponderosa8 · Posted
Only starting and winning the 2 yo race at New Plymouth won't cut it this year as the winner's prize is only $10,360. As at today, that would place them 14th in order of entry and pretty sure the starting limit is 14... so with the bigger stakemoney racing coming up it wouldn't take much to overtake it. Even Allan Sharrock's Ka Ron who already has $7,400 in the bank might come out and win the race on its home course. And just a little typo there: Sword of State didn't run second at Te Rapa last Saturday...🤣 -
Companies search confirms it’s a trust. I think the houses are freehold.
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By Alf Riston · Posted
A well written article, but for mine, not many surprises at all. Winston Peters took an each way bet - he covered his arse by saying he had inherited the deal. If it turns to the proverbial, which it's tracking in that direction, he can put on his 'Wazzun Me' T-shirt. Or, he will turn out to be the saviour of the industry by pursuing it. I know where my money is placed, responsibly of course... Many on here have expressed the feeling that although the stakes increases were much needed, they in fact only represent a band aid on a gash wound. Sure it's benefited those lucky enough to fill stake earning placings since it's introduction, but for the majority of the '13,000 employed', what is the true impact on the day to day, month to month...... What's actually required is a complete rebuild of the Industry which should be led by the Government and the Minister in charge, but these would be long, hard yards and not politically palatable for the Magpie who is busy with other interests and mostly absent in the Racing space. The TAB is as much, if not more, of a cultural identity as Air New Zealand which received an $885 million bailout (also approx 13,000 employees coincidentally) Yet in the case of the Racing industry, we've sold it's soul to the devil, all for short term gain rather than dig in and fix the fundamental issues. So the death by 1000 cuts continues, and our diet for the next few years will consist mostly of spin and corporate BS from those responsible. Sad, but true based on goings on and trends at the moment. -
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It seems the guy who had the gun taken off him was the older guy, he was killed in the end but the other guy, his son is in hospital, so was the older guy shot despite being unarmed or what, did he go and rearm again , the guy chucking bricks at the unarmed fucker it seems got killed, story is still sketchy, hard to know what to believe, in time it will be clearer.....fuckin sad. -
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