Hesi Posted October 19, 2023 Share Posted October 19, 2023 Quote Link to comment Share on other sites More sharing options...
Hesi Posted October 19, 2023 Author Share Posted October 19, 2023 37.52 Doesn't sound like they had insurance on the 10 mil payout Quote Link to comment Share on other sites More sharing options...
Turny Posted October 19, 2023 Share Posted October 19, 2023 Correct Barry, the premium would be in the range you state with a 100k excess to cover off exchange rate fluctuations … that’s the normal run. I have no doubt a policy would have been in place, basic asset protection 1 Quote Link to comment Share on other sites More sharing options...
Hesi Posted October 19, 2023 Author Share Posted October 19, 2023 So still would have cost them about $500K, which I presume was what his reference was to finding someone to help cover that instead of all out of Entain's coffers again. 1 Quote Link to comment Share on other sites More sharing options...
Hesi Posted October 19, 2023 Author Share Posted October 19, 2023 Very impressed with Cameron Rodger. Very quick to apologise and explain why the TAB outage happened, and what was being done to address as a permanent fix. Also very quick to point out that clubs affected would be recompensed. Also made sure he said that the money from the 10 mil promotion came out of Entain's pockets, not out of racing's. The Everest promotion probably received a lot more mainstream media interest than Lotto, and I think back to the laughable attempts to take on the NZ Lotteries with Triple Trio, with a life changing offer. Finally a realisation that the only way to grow racing in NZ is with promotion and with a truckload of money, each year, not just the one off stakes injection that we saw happen so often Entain must have done their research and see a future for gambling, racing and sport in NZ, that ultimately will give them a good return. They are no mugs and operate a worldwide wagering company. With such a proactive and sensible approach, I wonder if anyone from Entain has got on the Northwestern motorway and gone to see the knuckleheads at Avondale. lol Quote Link to comment Share on other sites More sharing options...
Maximus Posted October 19, 2023 Share Posted October 19, 2023 The neurotic nuckleheads out West wouldnt be interested cos they wouldn't know a good deal for long-term survival when it's put under their noses, just like they didnt know it was a good idea to maintain (or replace) their flockin scandalous wreck of a grandstand for the last 30+ years. MM Quote Link to comment Share on other sites More sharing options...
pete Posted October 19, 2023 Share Posted October 19, 2023 8 minutes ago, Maximus said: The neurotic nuckleheads out West wouldnt be interested cos they wouldn't know a good deal for long-term survival when it's put under their noses, just like they didnt know it was a good idea to maintain (or replace) their flockin scandalous wreck of a grandstand for the last 30+ years. MM Night racing killed the club. It was a prosperous, thriving entity before then. I remember Avondale Cup Day being one of the highlights of the season. Up in the Concorde room with a super view of the track. Crying shame really. Quote Link to comment Share on other sites More sharing options...
Hesi Posted October 19, 2023 Author Share Posted October 19, 2023 I recall that very few trainers supported night racing. Twilight meetings were a big success though Quote Link to comment Share on other sites More sharing options...
Hesi Posted October 19, 2023 Author Share Posted October 19, 2023 1 hour ago, Maximus said: The neurotic nuckleheads out West wouldnt be interested cos they wouldn't know a good deal for long-term survival when it's put under their noses, just like they didnt know it was a good idea to maintain (or replace) their flockin scandalous wreck of a grandstand for the last 30+ years. MM This is all I could find from July 2022 Newsroom has learned that the owners, the Avondale Jockey Club and their national body NZ Thoroughbred Racing, are already in commercial talks to turn over much of the valuable 30ha property to housing. NZ Thoroughbred Racing chief executive Bruce Sharrock wouldn't reveal much. "Given what's going on in that part of Auckland, and Auckland in general, it'd be pretty foolish to think it would be anything but housing," he tells Newsroom. "I would suggest it's an extremely valuable piece of land. There are discussions underway, there is a plan in place, but it is commercially sensitive." Quote Link to comment Share on other sites More sharing options...
curious Posted October 20, 2023 Share Posted October 20, 2023 19 hours ago, Hesi said: 37.52 Doesn't sound like they had insurance on the 10 mil payout Try 29.00 "we did insure it which is standard practice as you say" Quote Link to comment Share on other sites More sharing options...
curious Posted October 20, 2023 Share Posted October 20, 2023 Quote Link to comment Share on other sites More sharing options...
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