As Predicted – The Auckland Trotting Club is Broke and Broken

An article about the parlous finances of the Auckland Trotting Club written by Michael Guerin and published on harnesslink yesterday may be more skilfully written than ours, but it merely reflects what we have been telling you and warning about in the articles below for the past three years. https://peterprofit.com/category/auckland-trotting-club/ The ATC Directors whose grandiose […]

It’s Time to End the Lies About the Future of the Auckland Trotting Club – It Has None (First Published in May 2022)

The Club is exposed to interest rate risk on bank borrowings for the funding of developments in progress, all borrowings are held on floating rates of interest and will be reviewed regularly for options to fix interest rates to minimise exposure to market movements. Interest capitalised into inventory under construction is subject to a change […]

Our Thoughts on the D. Weir Sentencing – He’s Been F**ked by a Fairy

The full decision of the Victorian Racing Tribunal in the Darren Weir case has now been published, and is available for reading at https://content.vic.gov.au/sites/default/files/2024-07/VRT-Decision-Darren-Weir-Jarrod-McLean-Tyson-Kermond-5-July-2024.docx What is striking about the decision at first glance is that it appears immediately clear that Weir has been sentenced on the wrong factual basis. The VRT has determined that the […]

There’ll Be No Fixing the Old Stand at Eagle Farm

Last month on Stradbroke day the old John Power grandstand made the headlines when the Brisbane Racing Club publicly challenged the QLD Racing Minister to stump up the $80 million allegedly required required to renovate it. The Courier-Mail reported the Minister saying that “the government had not allocated specific money for the grandstand due to […]

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