Always back the horse named self-interest, son. It'll be the only one trying
It would be lovely to believe that the Auckland Trotting Club really had made a profit of almost a million dollars for the year, but sadly it didn’t. EBITDA means earnings before Interest, Tax, Depreciation and Amortization. After those things were factored in the club actually lost $6.78 million. The club’s asset base dipped by […]
What you see in the picture is what Auckland Trotting Club president and wrist bound timepiece salesman Jamie ‘Watches’ Mackinnon told leading NZ race writer last year about the sale of the Franklin Park training centre at Pukekohe. A key provision in the sale deal was that the club would get a lease that would […]
The extract above from the Auditor’s report in the 2023 Annual Report of the Auckland Trotting Club speaks for itself, and says it all. The club lost $6.8 million last year in real terms, when you take away all the smoke, mirrors and spin (see article to follow). It owes $47.3 million to the banks […]
Graeme Payne is a loyal employee of the Auckland Trotting Club whose job for 16 years until it was restructured used to be running the TAB at Alexandra Park. Payne was initially employed from 2005 to 2013 on an unsigned individual contract that paid him a miserly base salary of $45 000 per year for […]
This below is the latest newsletter sent to members of the Auckland Trotting Club. Believe everything written in it if you’re a fool. Email sent for and on behalf of Jamie MacKinnon, President, ATC Board Dear Members, Much of what I have to report since the last member’s newsletter will be presented in detail at […]
The drug testing team were out in force at Alexandra Park last night, but this time it was the humans participants they were testing, not the animals. We hear that at least one, and possibly more, drivers may soon to be finding themselves in a world of pain when the test results are confirmed. Watch […]
The Auckland Trotting Club is marketing the sport dynamically. It is spending bucket loads on advertising with SENZ, the Kiwi’s newest sports radio station. Club Chairman Jamie ‘Watches’ MacKinnon is doing paid breakfast radio interviews on the station’s morning show (paid for by the ATC, not SENZ). SENZ are going to do a live broadcast […]
Dr Barry Lichter DOES NOT believe that he has the right to exhume Cardigan Bay’s remains to transfer elsewhere. That is just another one of Watch’s lies. What Dr Lichter believes is that New Zealand’s greatest ever pacer – one of the world’s best in history – should not have his headstone knocked down so […]
There is the usual scuttlebutt around concerning the health and wellbeing of the club’s finances. The one we can’t hide from is the interest expense on the debt whilst we await the settlement on the Pukekohe land. However, I am pleased to report that across our businesses, Gaming, TAB, and The Alex we are trading […]
