Press Release - ARC Stake Increases 2016-17

[Guest 2Admin2]

Monday, 19 September

 

MEDIA RELEASE

Summary of Auckland Racing Club (ARC) stake increases for 2016-17 Racing Season

 

The ARC is pleased to announce a range of stake increases for the 2016-17 Racing

Season.

 

  

• As previously announced, the Vodafone New Zealand Derby run on Saturday 4th March will be run for a stake of $1,000,000 – an increase of $250,000.

 

• The Dunstan Feeds Stayers Championship final on New Year’s Day will be run for a stake of $80,000.  The newly formed Dunstan Feeds Rising Stars Championship will also be run for a stake of $80,000.
• On the ARC’s feature race meetings (excluding midweek twilight meetings) between December and the end of February, Rating 65, 75 and 85 races will be run for an additional $2,500.
• Rating 65 stakes will be $22,500 – previously $20,000
• Rating 75 stakes will be $25,000 – previously $22,500
• Rating 85 stakes will be $27,500 – previously $25,000

 

Cameron George – Chief Executive of the ARC – commented “Increasing returns to stakeholders is a key tenant in our business plan so it’s pleasing that we can offer the above increases for next season, in addition to stake increase announced in previous seasons e.g. $50,000 minimum stakes.  Importantly these increases are sustainable and can be built upon in the future as we continue to explore all business and commercial opportunities.”

 

 

For more information on the stake increases, please contact Craig Baker – Executive

General Manager – Racing and Operations at  craigb@ellerslie.co.nz or 09 522 3818.

 

 

 

Ends

[Guest 2Admin2]

Does anyone know where the extra stakes for the 65, 75 and 85 races is coming from?

 

[Ohokaman 5,844]

Why increase one race by $250,000 when the increases at lower, and arguably more important levels are so small...?

[Scotch Thistle 133]

32 minutes ago, 2Admin2 said:

Does anyone know where the extra stakes for the 65, 75 and 85 races is coming from?

 

Perhaps from the new tenant?

[Ohokaman 5,844]

3 hours ago, 2Admin2 said:

Monday, 19 September

 

MEDIA RELEASE

Summary of Auckland Racing Club (ARC) stake increases for 2016-17 Racing Season

 

The ARC is pleased to announce a range of stake increases for the 2016-17 Racing

Season.

 

  

• As previously announced, the Vodafone New Zealand Derby run on Saturday 4th March will be run for a stake of $1,000,000 – an increase of $250,000.

 

• The Dunstan Feeds Stayers Championship final on New Year’s Day will be run for a stake of $80,000.  The newly formed Dunstan Feeds Rising Stars Championship will also be run for a stake of $80,000.
• On the ARC’s feature race meetings (excluding midweek twilight meetings) between December and the end of February, Rating 65, 75 and 85 races will be run for an additional $2,500.
• Rating 65 stakes will be $22,500 – previously $20,000
• Rating 75 stakes will be $25,000 – previously $22,500
• Rating 85 stakes will be $27,500 – previously $25,000

 

Cameron George – Chief Executive of the ARC – commented “Increasing returns to stakeholders is a key tenant in our business plan so it’s pleasing that we can offer the above increases for next season, in addition to stake increase announced in previous seasons e.g. $50,000 minimum stakes.  Importantly these increases are sustainable and can be built upon in the future as we continue to explore all business and commercial opportunities.”

 

 

For more information on the stake increases, please contact Craig Baker – Executive

General Manager – Racing and Operations at  craigb@ellerslie.co.nz or 09 522 3818.

 

 

 

Ends

Presume he means "tenet" not "tenant". Ratio of increase is still wrong.

[von Smallhaussen 3,226]

On 9/19/2016 at 0:26 PM, Ohokaman said:

Why increase one race by $250,000 when the increases at lower, and arguably more important levels are so small...?

What happens if an Australian horse comes over and wins the $1m derby? There goes the baby with the bathwater again!

[Guest 2Admin2]

1 minute ago, hesi said:

Yes

At 750K the Derby already attracts all the top staying 3 year olds The problem is afterwards when the top half dozen go and race in Aus which then depletes the WFA and Cup fields for the following years

Even $750k is too much.

[Los Lobos 139]

Everyone knows that the hardest time for horse owners is the period between purchasing/breeding and up until the first win. How has this increased helped them? $7,000.00 maiden races  when the bill each month varies between $1500.00 and $2500.00 and they wonder why there are few new owners  wanting a horse. Do the maths.

[Guest 2Admin2]

1 hour ago, hesi said:

I'm only playing devil's advocate here because I am not a horse owner, but if you dramatically increase the stake money for a maiden race, one of the things that will happen, is all those that race, solely with the purpose of getting a win to get a good price for an Asian sale, will get a bit more money, which in comparison to the sale price, is small.

That gives a good return to the owners to re-invest in new bloodstock, but it does not help to retain promising young horses to race in NZ.  You then get into this non-sustainable vicious cycle, whereby the field quality doesn't improve, so the wagering doesn't improve thus the stake money cannot be sustained.

We are already in the vicious cycle with the current stakes distribution.  The promising young horses will be targeted regardless of the stake money.  However I'm a firm believer in the approach that if a policy is failing to achieve the desired outcomes then stop and try the opposite.

If there are more stakes spread more evenly through the lower grades ALL stakeholders benefit not just the elite at the top.  For example Jockeys, Trainers and Owners get a bit more.  Regardless of whether the stakes winners are sold there is a more even spread of revenue throughout the industry.

Also if you fix the screwed up handicapping system as well  you may see more of those durable bread and butter geldings hanging in for longer and with correspondingly more attractive betting fields.

The concept of "Aspirational Iconic Races" with big stakes inspiring industry growth from the grassroots up is Marketing BullShyte!

[Baz (NZ) 1,722]

GRASSROOTS....end of story!! Instead we're getting rooted in the Grr -ass!

[chevy86 2,710]

7 hours ago, 2Admin2 said:

We are already in the vicious cycle with the current stakes distribution.  The promising young horses will be targeted regardless of the stake money.  However I'm a firm believer in the approach that if a policy is failing to achieve the desired outcomes then stop and try the opposite.

If there are more stakes spread more evenly through the lower grades ALL stakeholders benefit not just the elite at the top.  For example Jockeys, Trainers and Owners get a bit more.  Regardless of whether the stakes winners are sold there is a more even spread of revenue throughout the industry.

Also if you fix the screwed up handicapping system as well  you may see more of those durable bread and butter geldings hanging in for longer and with correspondingly more attractive betting fields.

The concept of "Aspirational Iconic Races" with big stakes inspiring industry growth from the grassroots up is Marketing BullShyte!

And besides, full maiden,65, 75 fields often offer the best betting media compared to a 6-horse premium field with a "Winx" present. viz a viz those wonderful 30K days at "the swamp" Midget.