Happy Sunrise Posted December 7, 2022 Share Posted December 7, 2022 Harness Racing New Zealand - Funding Update 7 December 2022 , News Harness Racing New Zealand - Funding Update Just what the TAB's proposed reduction in funding will mean for all three codes should be known before Christmas. "We have had a lot of discussions with the TAB since the announcement was made last week and we are continuing to make progress," says Harness Racing New Zealand Chief Executive Gary Woodham. "We are now in a position to confirm that there will be a reduction of funding of $15m for the remainder of the 2022-23 season, so that takes us to the end of July next year." But it is too early to say what that will mean specifically for harness racing. "The finance people at all three codes will be doing a lot of work to determine how much each code will be affected by this reduction." "And then once we know our figure then we will have to work out how that shortfall impacts us." A meeting of all three codes' Chairs and Chief Executive Officers will take place next Wednesday to discuss the implications. "As soon as we have more information we will provide more updates." 1 Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted December 7, 2022 Author Share Posted December 7, 2022 Maybe Mr Woodham can conjure up something with this Turkey and turn it into a glazed ham like last year 1 Quote Link to comment Share on other sites More sharing options...
Addington Posted December 9, 2022 Share Posted December 9, 2022 On the fantasy channel they are stooping as low as announcing a rumored Trainers relationship break up. How low can you go, both the instigator and the site owner for allowing it. Quote Link to comment Share on other sites More sharing options...
Hesi Posted December 9, 2022 Share Posted December 9, 2022 On 12/7/2022 at 9:55 PM, Happy Sunrise said: Harness Racing New Zealand - Funding Update 7 December 2022 , News Harness Racing New Zealand - Funding Update Just what the TAB's proposed reduction in funding will mean for all three codes should be known before Christmas. "We have had a lot of discussions with the TAB since the announcement was made last week and we are continuing to make progress," says Harness Racing New Zealand Chief Executive Gary Woodham. "We are now in a position to confirm that there will be a reduction of funding of $15m for the remainder of the 2022-23 season, so that takes us to the end of July next year." But it is too early to say what that will mean specifically for harness racing. "The finance people at all three codes will be doing a lot of work to determine how much each code will be affected by this reduction." "And then once we know our figure then we will have to work out how that shortfall impacts us." A meeting of all three codes' Chairs and Chief Executive Officers will take place next Wednesday to discuss the implications. "As soon as we have more information we will provide more updates." ????? NZTR announced 5 days ago what the impact on thoroughbred racing would be, 8.5 mil less, but this would be met from reserves. If you look at the distribution formula, it is about 4.5 mil for harness Quote Link to comment Share on other sites More sharing options...
Hesi Posted December 9, 2022 Share Posted December 9, 2022 Update on TAB distributions 2022/23 season NZTR 2 December 2022 Today TAB NZ have announced a reduction in distributions to Racing NZ of $15m for the remainder of the 2022/23 season. What this means for NZTR is a reduction of $8.5m in distributions for the remainder of the 2022/23 season. New Zealand Thoroughbred Racing Chairman Cameron George and CEO Bruce Sharrock have responded to the announcement in a video which can be accessed here. The key points raised in the video message are summarised as follows: The NZTR Sustainable Reserves Fund will be used to underwrite stakes levels and club funding payments to allow these to remain as planned for the current season. This will not result in any reductions to the Infrastructure Fund which will continue to be used to fund vital infrastructure improvements for the industry. NZTR will continue to explore every avenue to secure the revenue needed to underpin the industry going forward. Should further TAB reductions occur, the NZTR board would need to review its position. Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted December 9, 2022 Author Share Posted December 9, 2022 1 hour ago, Hesi said: Update on TAB distributions 2022/23 season NZTR 2 December 2022 Today TAB NZ have announced a reduction in distributions to Racing NZ of $15m for the remainder of the 2022/23 season. What this means for NZTR is a reduction of $8.5m in distributions for the remainder of the 2022/23 season. New Zealand Thoroughbred Racing Chairman Cameron George and CEO Bruce Sharrock have responded to the announcement in a video which can be accessed here. The key points raised in the video message are summarised as follows: The NZTR Sustainable Reserves Fund will be used to underwrite stakes levels and club funding payments to allow these to remain as planned for the current season. This will not result in any reductions to the Infrastructure Fund which will continue to be used to fund vital infrastructure improvements for the industry. NZTR will continue to explore every avenue to secure the revenue needed to underpin the industry going forward. Should further TAB reductions occur, the NZTR board would need to review its position. Just shows you how unprepared HRNZ is. Dipping into reserves is only good if you are a Middle Eastern country producing oil. Quote Link to comment Share on other sites More sharing options...
Hesi Posted December 9, 2022 Share Posted December 9, 2022 Woodham will know all this stuff like the back of his hand. He was General Manager Customer and Channels, at the old NZ Racing Board for 5 years. John Allen recruited him from his old haunt, NZ Post Quote Link to comment Share on other sites More sharing options...
karrotsishere Posted December 11, 2022 Share Posted December 11, 2022 (edited) On 12/9/2022 at 6:25 PM, Addington said: On the fantasy channel they are stooping as low as announcing a rumored Trainers relationship break up. How low can you go, both the instigator and the site owner for allowing it. Oh. Not sure who you mean, but could prob guess. Thought people would be talking about this. Says suspended for 12 months. Shame, without knowing full details my 1st thought is must be a mistake, you know horse eats wood fence or something, so goes over limit. He was meant to train from 1 Jan 2023 with his Dad in partnership too NZ or similar. That was what he said during an interview or similar. Wonder if that will still happen. https://integrity.thetrots.com.au/news/articles/vrt-hearing-nathan-purdon/ Actually only stumbled across this when looking up Interdom results. See how Spirit got on. No gd re Spirit. Edited December 11, 2022 by karrotsishere Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted December 12, 2022 Author Share Posted December 12, 2022 On 12/9/2022 at 6:25 PM, Addington said: On the fantasy channel they are stooping as low as announcing a rumored Trainers relationship break up. How low can you go, both the instigator and the site owner for allowing it. Signals the hypocrisy of the the owner. 1 Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted December 12, 2022 Author Share Posted December 12, 2022 2 hours ago, karrotsishere said: Thought people would be talking about this. Says suspended for 12 months. Shame, without knowing full details my 1st thought is must be a mistake, you know horse eats wood fence or something, so goes over limit. He was meant to train from 1 Jan 2023 with his Dad in partnership too NZ or similar. That was what he said during an interview or similar. Wonder if that will still happen. He is not suspended from training, it is just his fine that is partially suspended. He walks away with a $500 fine which is what some get here for excessive whip use. 1 Quote Link to comment Share on other sites More sharing options...
karrotsishere Posted December 13, 2022 Share Posted December 13, 2022 23 hours ago, Happy Sunrise said: He is not suspended from training, it is just his fine that is partially suspended. He walks away with a $500 fine which is what some get here for excessive whip use. Ok thanks for claification makes sense. Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted December 13, 2022 Author Share Posted December 13, 2022 See Hayden Cullen is off to Telfer's. Quote Link to comment Share on other sites More sharing options...
Hesi Posted December 13, 2022 Share Posted December 13, 2022 On 12/9/2022 at 9:39 PM, Hesi said: Woodham will know all this stuff like the back of his hand. He was General Manager Customer and Channels, at the old NZ Racing Board for 5 years. John Allen recruited him from his old haunt, NZ Post I see on Weigh In, Bruce Sharrock saying that the short fall was signaled a lot earlier than 2 Dec, so Woodham would also have known that 1 Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted December 13, 2022 Author Share Posted December 13, 2022 (edited) 1 hour ago, Hesi said: I see on Weigh In, Bruce Sharrock saying that the short fall was signaled a lot earlier than 2 Dec, so Woodham would also have known that So why the limited response to the news at the time from HRNZ? And where is the follow up to their statement? Has it come out yet? Edited December 13, 2022 by Happy Sunrise I see there is a meeting tomorrow for all 3 codes Quote Link to comment Share on other sites More sharing options...
Hesi Posted December 13, 2022 Share Posted December 13, 2022 Pass, although NZTR have used reserves to compensate. Maybe HRNZ don't have those reserves so it could be some fairly big stakes drop, so in view off that, they have gone back to TAB NZ to plead a case Quote Link to comment Share on other sites More sharing options...
karrotsishere Posted December 18, 2022 Share Posted December 18, 2022 HRNZ CEO is leaving tho right? Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted December 18, 2022 Author Share Posted December 18, 2022 13 minutes ago, karrotsishere said: HRNZ CEO is leaving tho right? Who told you that? Doubt it. Quote Link to comment Share on other sites More sharing options...
karrotsishere Posted December 18, 2022 Share Posted December 18, 2022 (edited) 21 minutes ago, Happy Sunrise said: Who told you that? Doubt it. Hi Happy, well remember I said there was a movement going on behind the scenes. Many want him out for the sake of Harness. To get a CEO out, what is needed is it can be done by forcing them out to resign on their own. Or by proving bad decision making & there is 1 other clause to get a CEO out its something to do with not the best role model or not the best representative. I note Gore Club wrote to HRNZ board. A board can then vote to get a CEO out. (however good luck with that with the current board). However, I am also aware there was recently another complaint put in about him, & Im also aware there most likely will be a complaint made to the racing minister. All coming from different various people. So yeah. Hearing that he is leaving of his own choice isnt a surprise to me. This is rumour tho not confirmed. Edited December 18, 2022 by karrotsishere Quote Link to comment Share on other sites More sharing options...
karrotsishere Posted December 18, 2022 Share Posted December 18, 2022 (edited) 18 minutes ago, Happy Sunrise said: Who told you that? Doubt it. Re back hand what Im going on about is Ill PM you. Backhand thing has nothing to do with current HRNZ CEO. Edited December 18, 2022 by karrotsishere Quote Link to comment Share on other sites More sharing options...
Addington Posted December 18, 2022 Share Posted December 18, 2022 On 12/9/2022 at 9:39 PM, Hesi said: John Allen recruited him from his old haunt, NZ Post And McKenzie got rid of him when old TAB was restructured Quote Link to comment Share on other sites More sharing options...
Hesi Posted December 22, 2022 Share Posted December 22, 2022 https://www.lincolnfarms.co.nz/stories/harness-prize-money-to-be-cut-by-10-next-year-1.6-million-lost-to-already-ailing-code/ Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted December 22, 2022 Author Share Posted December 22, 2022 6 minutes ago, Hesi said: https://www.lincolnfarms.co.nz/stories/harness-prize-money-to-be-cut-by-10-next-year-1.6-million-lost-to-already-ailing-code/ So many questions to ask about this but where does one start. 10% of not a lot is likely to quicken the spiral. And HRNZ chuck $100 000 at the Race By Grins............ Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted December 22, 2022 Author Share Posted December 22, 2022 This is the biggest challenge harness racing has probably ever faced. Quote Link to comment Share on other sites More sharing options...
karrotsishere Posted December 26, 2022 Share Posted December 26, 2022 Hope everyone had a good Xmas. 1 Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted December 27, 2022 Author Share Posted December 27, 2022 11 hours ago, karrotsishere said: Hope everyone had a good Xmas. HRNZ just got handed a late Xmas present, the 2 group races at Auckland have 2 and 4 horses in them. They shouldn't run which would result in a saving of $90 000 in combined stakes . I hope they don't scout for horses out of their depth to boost numbers because it still makes the race a joke. Quote Link to comment Share on other sites More sharing options...
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