Always back the horse named self-interest, son. It'll be the only one trying
The Auckland Trotting Club are indeed buying a new property to build a replacement training centre for Franklin Park that it just sold off to pay its huge debts from the failed property development that was supposed to make the club rich into eternity from the sell off of surplus land at Alexandra Park (nobody […]
RELOCATION OF THE TRAINING TRACK This is looming on the horizon and once the court has completed the documentation the next phase of the sale and purchase agreement will be triggered which incorporates a lease back arrangement for the club whilst we look for an alternative block of land to relocate to. Already we have […]
As we have learned from the experiences over the ditch at Wagga and in Queensland, it takes at least two years to build a new harness racing track and training facility, so now that the Auckland Trotting Club has received the down payment from the Chinese property developer for its training complex at Franklin Park, […]
Isn’t it perfect to have Len ‘Bubbles’ Oughten in place as the 2nd-in-charge of a trot club that has just received an $8.5 million down payment on its only training facility, the one that it sold at 2020 prices on a pay when you can raise the cash in 2024 deal? This is he, who […]
A great article about the future of the trots in the North Island Capital, by Dr Barry Lichter The Auckland Trotting Club is still committed to setting up a new training centre despite revealing it’s likely to have only $15 million left after the sale of Franklin Park. The club’s annual report shows its debt […]
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 […]
Further to our earlier story ‘The Great Alexandra Park TAB Robbery’, we have now learned that the Auckland Trotting Club have sacked the former TAB manager – the fellow they capriciously underpaid and now have to pay back, pending their appeal – whilst he was quite understandably on stress leave during the case. It is […]
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 […]
