Crippling Debt, Failed Sales, Secret Settlements, Windows Crashing Down and the Best Hot Cross Buns in Aukilani – Welcome to Alexandra Park, Clockwise Paceway Paradise of Mortgages, Calories, and Dreams

The Auckland Trotting Club is more than $80 million in debt that it doesn’t have the money to pay. Its only way out is to sell the farm before the bank sells it for them. Club members were promised a holy grail, an unsolicited $100 million from a Chinese developer if the club sold the […]

Alexandra Park Loses $14.7 Million, and Elects a Fairy to the Board – The Members Hope She Brings Her Magic Wand

The Auckland Trotting Club lost $14.7 million in the last year. Is anyone surprised? Revenue was down by $8.7 million, mainly because the club couldn’t claim $10.5 in profit from the sale of its fast diminishing stock of investment properties as income. At the same time as the club’s income plunged by $8.7 million, its […]

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