Always back the horse named self-interest, son. It'll be the only one trying
The jungle drums just keep getting louder that the developer is not going to meet the 8 November deadline for payment of the final $90 million for the Franklin Training Centre. If they don’t, the Auckland Trotting Club is in a world of pain. Promises have been made to the club’s bankers. They’re owed $80 […]
Although no-one from the Auckland Trotting Club is coming out and admitting it to participants and the public, our inside mail is the Chinese property developer that has signed contracts to purchase the training center at Pukekohe won’t be paying for it in a lump sum later this year as we have all been lead […]
Hi Archie Couldn’t let the postings re Auckland Trotting Club go by without some sort of answer. For the record none of the shite written by Guerin is new – it has been common knowledge for at least 12 months that the club has been accruing interest at over $100k per week since the Gleneagles […]
With the entire future of the Auckland Trotting Club dependent on the finalisation of the sale of its land and training centre at Pukekohe and the payment of the balance of $90 million by the buyer, we thought we would do some research into who exactly that company or person is. This is what we […]
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 […]
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 […]
As reported by Michael Guerin for the NZ Herald, a crippling interest bill is threatening to cut into the future of northern harness racing as the code in the region undergoes a major rebuild both on and off the track. Harness racing in Auckland is set for a racing boost for the next few seasons […]
Auckland Trotting Club Member’s Newsletter April 2o24 The Auckland Trotting Club has sold its superb training facility at Pukekohe – its one and only, the place where all its trials are held – to a Chinese land developer for little more than the amount required to pay the ever rising but rarely talked about anymore […]
Australian developers have consent to build 193 new apartments at Auckland’s Alexandra Park, demolishing one of two grandstands to make way for the scheme to add even more units to the land off Greenlane West Rd. Lance Rosenberg, managing director of Sydney-headquartered financier Gleneagle Securities, said that the business had permission to develop Parkview on Cornwall […]
It’s Group 2 Ladyship Stakes night at Alexandra Park on Friday, and the 1st heat of the Group 1 Sires Stakes is also on the card. This should be a cracker of a night’s racing, and not that many years ago it would have been. But the Auckland Trotting Club has only managed to attract […]
