Stables

Next seasons stakes

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Apparently according to the CEO of Harness Racing they will be releasing the funding level for the 20/21 season next week. He stated that the stakes would be on par with this seasons level. I find it hard to understand how an announcement on funding levels for stakes can be made when we still haven't negotiated our share of the total distribution from RITA. Both the Thoroughbred and Greyhound codes are arguing strongly for a percentage increase in their funding levels and the both have good arguments for why they should get more. Obviously if they get a greater percentage then we get a lower percentage and the total funds available have not been increased

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1 hour ago, Stables said:

Obviously if they get a greater percentage then we get a lower percentage and the total funds available have not been increased

Harness can get a larger percentage of total payout if they increase turnover , both domestically and internationally. The other variable which would enable a bigger share of the pie for any code is a higher "Gross betting Margin". Those should be the key variables IMHO when it comes to Racing NZ distribution criteria. Whether the codes and the independents agree is another matter.

 

Greg

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