gazza123 51 Report post Posted September 4, 2019 Any news on atc financial posistion.is it no news is good news or a media clampdown from PR Quote Share this post Link to post Share on other sites More sharing options...
gazza123 51 Report post Posted September 6, 2019 must be run by national .,say nothing and hope it goes away Quote Share this post Link to post Share on other sites More sharing options...
ivanthegreat 1,123 Report post Posted September 7, 2019 Speedway looking at it , no need to change commentator Hunter the punter 1 Quote Share this post Link to post Share on other sites More sharing options...
frankie 119 Report post Posted September 7, 2019 Acknowledged cash loss of $40 mil likely to blow out to $80. Discovery on major court case with construction company not looking good. Case in March next year. Quote Share this post Link to post Share on other sites More sharing options...
One more lap 91 Report post Posted September 7, 2019 (edited) How did this happen and who got this disaster to unfold, Time for heads to roll. Edited September 7, 2019 by One more lap spelling Quote Share this post Link to post Share on other sites More sharing options...
frankie 119 Report post Posted September 7, 2019 Regardless what any paid employee or consultant may have done, or not done, ultimately the Board is solely responsible. JJ Flash 1 Quote Share this post Link to post Share on other sites More sharing options...
bloke 1,232 Report post Posted September 7, 2019 This is so sad. Why would a trotting club want to get involved in property development, something they know nothing about? This is RACE all over again. RACE dropped $12M when they bulit a conference centre in Awapuni of all places but they did not have the money to pay for it. They were relying on the sale of residential sections but the GFC came along and they were stuiffed. They are still struggling today to clear the debt after untold property sales. JJ Flash 1 Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,841 Report post Posted September 7, 2019 36 minutes ago, bloke said: This is so sad. Why would a trotting club want to get involved in property development, something they know nothing about? This is RACE all over again. RACE dropped $12M when they bulit a conference centre in Awapuni of all places but they did not have the money to pay for it. They were relying on the sale of residential sections but the GFC came along and they were stuiffed. They are still struggling today to clear the debt after untold property sales. Ask the stupid now departed CEO and her Board. Grandiose ideas of a "lifestyle village" sold by someone with no commercial experience. The fabulous "projected" returns were to be the saviour of harness racing in Auckland. Anyone taken responsibility for this fiasco...?? No, didn't think so....... Quote Share this post Link to post Share on other sites More sharing options...
ivanthegreat 1,123 Report post Posted September 21, 2019 Posted July 6, 2016 As a passionate trotting fan I can't believe this is anything other than an urban land grab by property developers ( not that they are invisible ). After all where else could you find another development site in such a prime part of the city ? By the time we realise we have been duped , those responsible will be long gone with their golden parachute's. Hunter the punter 1 Quote Share this post Link to post Share on other sites More sharing options...
beef 74 Report post Posted September 21, 2019 I see the president is standing down this year. Perhaps he should stick around until the mess is sorted or conversely the whole Board should be removed? Hunter the punter 1 Quote Share this post Link to post Share on other sites More sharing options...
Archer 296 Report post Posted September 21, 2019 Can't lose the Park, that would be the start of the fall and end of trotting in New Zealand ... Quote Share this post Link to post Share on other sites More sharing options...
Toblerone 242 Report post Posted September 21, 2019 53 minutes ago, beef said: I see the president is standing down this year. Hallelujah Quote Share this post Link to post Share on other sites More sharing options...
john legend 744 Report post Posted September 21, 2019 Perhaps a show of faith all current ATC Board members . they each put in $100000 just a thought . (A recent case left board members with a $6,0000000 bill each. ). Quote Share this post Link to post Share on other sites More sharing options...
tim vince 985 Report post Posted September 22, 2019 Haha. Quote Share this post Link to post Share on other sites More sharing options...
eljay 1,720 Report post Posted September 22, 2019 Tim - reckon you should take over the ATC & beef win the Auckland mayoralty then all the problems in the north would magically disappear. Hunter the punter 1 Quote Share this post Link to post Share on other sites More sharing options...
beef 74 Report post Posted September 22, 2019 I can tell you one thing, you wouldn’t see any more cycle lanes! JJ Flash and Bruce J Hadley 1 1 Quote Share this post Link to post Share on other sites More sharing options...
tim vince 985 Report post Posted September 22, 2019 Nah beef a socialist Quote Share this post Link to post Share on other sites More sharing options...
ivanthegreat 1,123 Report post Posted September 22, 2019 Managerial Incompetence Personified john legend 1 Quote Share this post Link to post Share on other sites More sharing options...
JJ Flash 2,135 Report post Posted September 25, 2019 The ATC softening up exercise has begun with president talking about Franklin Trotting property at Pukekohe. I can see it now- based on the financial plight of the club assets have to be sold to $$$$$$$ Greg Quote Share this post Link to post Share on other sites More sharing options...
frankie 119 Report post Posted September 25, 2019 If the service station and burger bar sites don't sell, and the Bank insists on cutting debt, Pukekohe's gone. Quote Share this post Link to post Share on other sites More sharing options...
Blue 1,099 Report post Posted September 25, 2019 Sell Alex Park to a developer and race at Pukekohe. hsvman 1 Quote Share this post Link to post Share on other sites More sharing options...
tim vince 985 Report post Posted September 25, 2019 puke zoned future residential I think.very valuable.give up the park u are g9ving up on course crowds functions etc.condemning trotting to nil future in north.tye fan base it has at the moment will disappear. Quote Share this post Link to post Share on other sites More sharing options...
Toblerone 242 Report post Posted September 25, 2019 5 hours ago, JJ Flash said: The ATC softening up exercise has begun with president talking about Franklin Trotting property at Pukekohe. I can see it now- based on the financial plight of the club assets have to be sold to $$$$$$$ Greg There was a large story about this in The Informant last year. They were exploring selling Cambridge and Pukekohe and moving to a new facility in Ohinewai. Most property owners surrounding the track in Pukekohe have already sold their land to developers... including the massive Lincoln Farms complex, which I think has a leaseback until 2024? There is a new secondary school going in there too and that will only ramp up the likelihood of the track closing. JJ Flash 1 Quote Share this post Link to post Share on other sites More sharing options...
Blue 1,099 Report post Posted September 25, 2019 1 hour ago, tim vince said: puke zoned future residential I think.very valuable.give up the park u are g9ving up on course crowds functions etc.condemning trotting to nil future in north.tye fan base it has at the moment will disappear. Obviously a bit of a piss take Tim- or was it? AP is a bitch to get to and it's not going to get any better and despite it being in the middle of a city of 1.5 million people, no bastard goes. I know what you're saying about the functions but they're not going to pay their court costs or the $40mil deficit. Not really a good situation going forward. Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,841 Report post Posted September 25, 2019 10 hours ago, Toblerone said: There was a large story about this in The Informant last year. They were exploring selling Cambridge and Pukekohe and moving to a new facility in Ohinewai. Most property owners surrounding the track in Pukekohe have already sold their land to developers... including the massive Lincoln Farms complex, which I think has a leaseback until 2024? There is a new secondary school going in there too and that will only ramp up the likelihood of the track closing. Friends of ours were looking at a Country property down that way and were very keen until they found out that thousands of new houses ( figure of 20,000 + mentioned ) are planned for the area close to Pukekohe which will change the landscape and traffic volumes considerably. JJ Flash 1 Quote Share this post Link to post Share on other sites More sharing options...