As Predicted the Chinese Developer Doesn’t Pay – The Auckland Trotting Club’s $80 Million Debt Keeps Accruing at Interest of $120 000 a Week – What’s Plan B? – Bankruptcy?

11 November 2024 Dear Members, An update on the sale of the Pukekohe properties. The sale of the Club’s Pukekohe properties to Mount Hope Limited was scheduled to settle on Friday, 8 November 2024.  As at 5pm Friday Mount Hope Limited had not settled. Mount Hope’s lawyer has advised that their client is actively seeking […]

The Auckland Liquor License Mystery is Solved – For the Next 12 Days They Don’t Have One

We questioned yesterday whether the Auckland Trotting Club (ATC) would still have a liquor license today. Well further investigation has revealed that the answer is yes/no/maybe. The club’s license to sell alcohol expired at midnight last night. It had submitted a renewal application in September, but it did so under the wrong name. The current […]

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