Leggy 4,076 Report post Posted July 3, 2020 I see today that through June 28 NZTR has paid out $41.26m cf. the FY20 budget of $53.18m and the 2019 $53.32m. Does anyone know where the other $12m is and how we will get it back? Will it be added to next season's stakes maybe? Quote Share this post Link to post Share on other sites More sharing options...
Eclipsed 245 Report post Posted July 3, 2020 similar situation in all codes Leggy. No precedent for how this overage “should” be applied..... Quote Share this post Link to post Share on other sites More sharing options...
Stables 577 Report post Posted July 3, 2020 I think it went on staff wages during the lockdown. Whatever the case it's all gone now Quote Share this post Link to post Share on other sites More sharing options...
Insider 3,947 Report post Posted July 3, 2020 Leggy, ask the question of Bernard Saundry next time that he has his Facebook video interaction. Quote Share this post Link to post Share on other sites More sharing options...
Leggy 4,076 Report post Posted July 3, 2020 2 hours ago, Insider said: Leggy, ask the question of Bernard Saundry next time that he has his Facebook video interaction. He has already declined to answer and referred me to RITA when I last tried that. Have a go yourself. Question sent: It is rumoured that RITA have failed to make some intended distributions to the codes this season. If so, what is the shortfall to date and what is it likely to be by the end of the season? When will this be remedied if it is indeed the case? Response from NZTR when it wasn't adressed in the Facebook session: Your question regarding stakes and programming were answered via the statement which went out to industry participants on Thursday - $15,000 stakes across the board for July, payments back to 14th, free entry for those horses which start and open entry races. The questions regarding RITA are really best directed at RITA. Getting any response from RITA is also like pulling teeth. Huey and nomates 2 Quote Share this post Link to post Share on other sites More sharing options...
JJ Flash 2,135 Report post Posted July 3, 2020 2 hours ago, Leggy said: He has already declined to answer and referred me to RITA when I last tried that. Have a go yourself. Question sent: It is rumoured that RITA have failed to make some intended distributions to the codes this season. If so, what is the shortfall to date and what is it likely to be by the end of the season? When will this be remedied if it is indeed the case? Response from NZTR when it wasn't adressed in the Facebook session: Your question regarding stakes and programming were answered via the statement which went out to industry participants on Thursday - $15,000 stakes across the board for July, payments back to 14th, free entry for those horses which start and open entry races. The questions regarding RITA are really best directed at RITA. Getting any response from RITA is also like pulling teeth. Or the codes like to put it all on RITA rather than addressing issues themselves. 1 August should see some real change n.this respect as that's when the multi code NZ Racing takes control of their own destiny. Working out distributions to the codes being the primary one after NZTAB decides annual distribution Greg Stables 1 Quote Share this post Link to post Share on other sites More sharing options...
Stables 577 Report post Posted July 3, 2020 Yes, but who will be on the board of NZ Racing. Those appointments are essential to its success or failure Leggy, Insider, nomates and 1 other 4 Quote Share this post Link to post Share on other sites More sharing options...
Huey 2,037 Report post Posted July 3, 2020 1 hour ago, JJ Flash said: Or the codes like to put it all on RITA rather than addressing issues themselves. 1 August should see some real change n.this respect as that's when the multi code NZ Racing takes control of their own destiny. Working out distributions to the codes being the primary one after NZTAB decides annual distribution Greg Agree especially NZTR under Saundry. Quote Share this post Link to post Share on other sites More sharing options...
JJ Flash 2,135 Report post Posted July 3, 2020 1 hour ago, Huey said: Agree especially NZTR under Saundry. HRNZ are probably even worse IMHO. Look at the Forbury debacle, was going to be legal action which they probably would have won after HRNZ failed to consult them and thus failed to carry out correct processes. You will all see how bad they all are when they have to decide whose getting what on 1 August Thats when Racing NZ board have to decide whose going to get what share of NZTAB distribution, the latter having no say on that matter. Greg Huey 1 Quote Share this post Link to post Share on other sites More sharing options...
JJ Flash 2,135 Report post Posted July 3, 2020 2 hours ago, Stables said: Yes, but who will be on the board of NZ Racing. Those appointments are essential to its success or failure Thats the Million dollar question, especially the appointment process for 2 independents. Greg Quote Share this post Link to post Share on other sites More sharing options...
JJ Flash 2,135 Report post Posted July 4, 2020 On 7/4/2020 at 9:56 AM, JJ Flash said: HRNZ are probably even worse IMHO. Look at the Forbury debacle, was going to be legal action which they probably would have won after HRNZ failed to consult them and thus failed to carry out correct processes. From the Barry Lichter files When Forbury CEO Della Henderson took the club’s case to Parliament last week and met with numerous MPs, it was universally accepted there was a lack of due process and transparency with the way HRNZ had acted. It is understood HRNZ never met with club officials and came to its decision after only two phone calls. In a statement, acting CEO Phil Holden expressed his surprise that RITA had over-ruled its recommendations on Forbury and Timaru, which also was granted three meetings. Greg Patiti and Ohokaman 2 Quote Share this post Link to post Share on other sites More sharing options...
tasman man 11 979 Report post Posted July 4, 2020 On 7/3/2020 at 7:29 PM, Leggy said: I see today that through June 28 NZTR has paid out $41.26m cf. the FY20 budget of $53.18m and the 2019 $53.32m. Does anyone know where the other $12m is and how we will get it back? Will it be added to next season's stakes maybe? Was the budgeted amount already in the coffers or was this what was 'hoped' for as the season progressed. One assumes the money doesn't sit around for long at the best of times ! Covid halted all revenue ,while many costs bled for sometime. Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,825 Report post Posted July 4, 2020 47 minutes ago, JJ Flash said: From the Barry Lichter files When Forbury CEO Della Henderson took the club’s case to Parliament last week and met with numerous MPs, it was universally accepted there was a lack of due process and transparency with the way HRNZ had acted. It is understood HRNZ never met with club officials and came to its decision after only two phone calls. In a statement, acting CEO Phil Holden expressed his surprise that RITA had over-ruled its recommendations on Forbury and Timaru, which also was granted three meetings. Greg Why is he surprised ?? If they do not follow the correct protocol in meeting with Clubs, then make arbitrary decisions based on largely regional bias, what did they expect ? Any Club worth it’s salt won’t roll over just to suit HRNZ. fermoy 1 Quote Share this post Link to post Share on other sites More sharing options...
Leggy 4,076 Report post Posted July 5, 2020 51 minutes ago, tasman man 11 said: Covid halted all revenue ,while many costs bled for sometime. What? The TAB operated throughout didn't it and didn't have the costs of broadcasting and servicing NZ meetings. Nor did they require staff in business areas such as sports where there was no work etc. Quote Share this post Link to post Share on other sites More sharing options...
Stables 577 Report post Posted July 5, 2020 As I understand it the money is paid in advance. As I've already asked what happened to the funds paid out for the period of the shutdown when no racing was held? Quote Share this post Link to post Share on other sites More sharing options...
Leggy 4,076 Report post Posted July 5, 2020 11 minutes ago, Stables said: As I understand it the money is paid in advance. As I've already asked what happened to the funds paid out for the period of the shutdown when no racing was held? Yes. Under the current Act it's paid at the beginning of the new season based on the TAB revenue from the previous season but I can't seem to confirm that's what happened here. Can you? Do the codes actually have it? Quote Share this post Link to post Share on other sites More sharing options...
JJ Flash 2,135 Report post Posted July 5, 2020 53 minutes ago, Ohokaman said: Why is he surprised ?? If they do not follow the correct protocol in meeting with Clubs, then make arbitrary decisions based on largely regional bias, what did they expect ? Any Club worth it’s salt won’t roll over just to suit HRNZ. It just shows how amateur the Harness code hierarchy is O.man. How much longer can Spicer survive. Greg badger 1 Quote Share this post Link to post Share on other sites More sharing options...
Stables 577 Report post Posted July 5, 2020 Leggy, it hasn't been possible to get any information on this funding. I did get an indication that the funds had been used to keep HRNZ going during the lockdown. I do know that HRNZ did claim funding from the wage subsidy scheme. Other than wages their costs would have included rent on their premises after the ridiculous decision to sell their building in Lincoln Road and move to costly rental premises. Other than that I am struggling to get any further information Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,825 Report post Posted July 5, 2020 26 minutes ago, Stables said: Leggy, it hasn't been possible to get any information on this funding. I did get an indication that the funds had been used to keep HRNZ going during the lockdown. I do know that HRNZ did claim funding from the wage subsidy scheme. Other than wages their costs would have included rent on their premises after the ridiculous decision to sell their building in Lincoln Road and move to costly rental premises. Other than that I am struggling to get any further information Subsidy Number of employees paid Total amount paid HRNZ LIMITED Wage Subsidy 77 $532,790.40 Quote Share this post Link to post Share on other sites More sharing options...
We're Doomed 4,855 Report post Posted July 5, 2020 1 hour ago, Stables said: Leggy, it hasn't been possible to get any information on this funding. I did get an indication that the funds had been used to keep HRNZ going during the lockdown. I do know that HRNZ did claim funding from the wage subsidy scheme. Other than wages their costs would have included rent on their premises after the ridiculous decision to sell their building in Lincoln Road and move to costly rental premises. Other than that I am struggling to get any further information One assumes a decent landlord would have given them some rent relief. Quote Share this post Link to post Share on other sites More sharing options...
tasman man 11 979 Report post Posted July 5, 2020 2 hours ago, Leggy said: What? The TAB operated throughout didn't it and didn't have the costs of broadcasting and servicing NZ meetings. Nor did they require staff in business areas such as sports where there was no work etc. Yes it did operate.....Aussie racing etc but boss Dean reported at the time revenue was well down , and sports dried up except for some obscure sports like TT and Volleyball. The Table Tennis was from Russia ,Ukraine and Czech and TTNZ did well considering in recent years they received less than $100 [yes ,one hundred bucks from the TAB commissions !]...these were local leagues only! And it took a while to layoff staff etc so redundancies and ongoing leases/rents no doubt caused bleeding resulting in guvmint handout. As to paying Codes in advance ,I don't think this is possible , I'd guess monies don't hang around for long and the TAB is legislated to hold an amount called Betting Accounts and Vouchers trust to handle a run on funds/accounts etc Quote Share this post Link to post Share on other sites More sharing options...
