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Te Akau dominance.


ngakonui grass

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Still the question remains, why do so many people support such poor results

Is it a social experience thing?

Is it in the hope of getting a champion one day?

Or is it that they are unaware of such poor results?

No question Tom that they have been huge for racing in NZ, but they don't do it for that reason, they are a business that does it to make money

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It's a numbers game for TA, clipping the ticket every which way and appealing to the ego/vanity of humans wanting the thrill of 'owning' a good horse.
The syndicated price of every yearling is 20%(?) more than they have paid the vendor. That's just the start.

Simple fact is that the NZ racing model in the 21st century is not viable for the majority of enthusiasts who'd like to own a horse; they have little or no chance of it being a good 'investment' because stakes are so poor; cf Australia. Apart from the capital outlay, you'd need about $25-30k pa I'd say to break even and what %-age of starters earn $30k in a season?

MM

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51 minutes ago, Hesi said:

Still the question remains, why do so many people support such poor results

Is it a social experience thing?

Is it in the hope of getting a champion one day?

Or is it that they are unaware of such poor results?

No question Tom that they have been huge for racing in NZ, but they don't do it for that reason, they are a business that does it to make money

A business that wants to be successful and seen running with the wolf's will never due anything that will be detrimental as it will expose that they should be running with the hounds and with TA its all about image and making sure they are at the top of the pile evan if it's a pile of duds. 

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There are a multitude of reasons folk get into racing, ranging from social thru to corporate investment

The investment angle is simple. Pitch where you want to land.

In Aussie a colt winning a Group 1, particularly at 2 or 3 in the big Gp 1s (Slipper, Derby erc), guarantees a sire career and a sale price of 10 to 30 mil.

In Aussie a mare winning a Group 1 almost guarantees her progeny will achieve a very high 6 figure yearling sale price.

Then you have the social angle from $7k picnic meetings (ie NZ racing) thru to $169k plus Saturday Metro meetings.

The full spectrum is covered. 

As far as TA are concerned, surprised they have not yet landed in Sydney, Go Racing have and are not looking back having had very good Saturday successes.

I have no doubt TA will journey to NSW as part of their development, with Vic probably much harder to kick start, but another possibility down the track, satteliting for Vic carnivals from NSW.

Good luck to those that move over to richer racing, in many ways, such a move is a simple economic decision with little if any economic downside 

Interesting times, particularly in NZ

 

 

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25 minutes ago, Turny said:

There are a multitude of reasons folk get into racing, ranging from social thru to corporate investment

The investment angle is simple. Pitch where you want to land.

In Aussie a colt winning a Group 1, particularly at 2 or 3 in the big Gp 1s (Slipper, Derby erc), guarantees a sire career and a sale price of 10 to 30 mil.

In Aussie a mare winning a Group 1 almost guarantees her progeny will achieve a very high 6 figure yearling sale price.

Then you have the social angle from $7k picnic meetings (ie NZ racing) thru to $169k plus Saturday Metro meetings.

The full spectrum is covered. 

As far as TA are concerned, surprised they have not yet landed in Sydney, Go Racing have and are not looking back having had very good Saturday successes.

I have no doubt TA will journey to NSW as part of their development, with Vic probably much harder to kick start, but another possibility down the track, satteliting for Vic carnivals from NSW.

Good luck to those that move over to richer racing, in many ways, such a move is a simple economic decision with little if any economic downside 

Interesting times, particularly in NZ

 

 

No need, their core business is syndicates and the ongoing income stream from them.  As long as they get plenty of people wanting to be in syndicates, then no need to change.  Forays across to Aus with their best horses, but that is it

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Agree Alan, they are unlikely to move and the big fish small pond comes to the fore for sure.

 

Economically the Rate of Return locally will continue to be a disaster, there is no business model to support investing here ... hence my minor investments in Mlb

 

 

 

 

 

 

 

 

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I doubt Te Akau factor in any stake money return to their business model.  Their rate of return is purely based on clipping the ticket at each stage, and as long as they get plenty of syndicate members, then it works.  A nice operation if you can get it, a lot of work though

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4 hours ago, Hesi said:

Still the question remains, why do so many people support such poor results

Is it a social experience thing?

Is it in the hope of getting a champion one day?

Or is it that they are unaware of such poor results?

No question Tom that they have been huge for racing in NZ, but they don't do it for that reason, they are a business that does it to make money

Or is it the fact when you buy in it is extremely hard to buy out!!!!!!

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2 hours ago, Allovertheform said:

Or is it the fact when you buy in it is extremely hard to buy out!!!!!!

Have looked at a Sale and Purchase agreement, and it is for the racing career of the horse, and if you want to sell your share Te Akau must approve.  Both fair and reasonable to protect Te Akau, but I guess the 'must approve' part could have a lot of room for movement

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6 hours ago, Turny said:

There are a multitude of reasons folk get into racing, ranging from social thru to corporate investment

The investment angle is simple. Pitch where you want to land.

In Aussie a colt winning a Group 1, particularly at 2 or 3 in the big Gp 1s (Slipper, Derby erc), guarantees a sire career and a sale price of 10 to 30 mil.

In Aussie a mare winning a Group 1 almost guarantees her progeny will achieve a very high 6 figure yearling sale price.

Then you have the social angle from $7k picnic meetings (ie NZ racing) thru to $169k plus Saturday Metro meetings.

The full spectrum is covered. 

As far as TA are concerned, surprised they have not yet landed in Sydney, Go Racing have and are not looking back having had very good Saturday successes.

I have no doubt TA will journey to NSW as part of their development, with Vic probably much harder to kick start, but another possibility down the track, satteliting for Vic carnivals from NSW.

Good luck to those that move over to richer racing, in many ways, such a move is a simple economic decision with little if any economic downside 

Interesting times, particularly in NZ

 

Gai WAterhouse set up with Te Akau in New Zealand. Seemed to fizzle out without really getting off the ground.

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