Always back the horse named self-interest, son. It'll be the only one trying
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 […]
Rumors are filtering out of Auckland that the Trotting Club didn’t get paid its’ $90 million for the Pukekohe training center. The Chinese developer didn’t stump up. At this stage we don’t know why. Does this mean the sale agreement is dead? Dunno at this stage. What does it mean? The Auckland Trotting Club is […]
D-day has arrived for the Auckland Trotting Club. Will the Chinese developer pay the $90 million that will save the club or won’t they? It all comes down to this for the club that’s in debt to the banks for almost $80 million, secured by the title deeds to Alexandra Park. It’s triumph or bust. […]
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 […]
The Auckland Trotting Club’s (ATC) long-running dispute with its former TAB Manager Graham Payne has come to an end, for now anyway, after the club lost its appeal seeking to overturn an earlier judgement that it had to honor its contract with the long-serving employee and pay him the estimated $500 000 it owes him […]
This is what is reported in the Auckland Trotting Club annual report. The (now former) staff member involved in a dispute with the club is Graeme Payne, in the case that we have written at length about recently. The ATC claim they ‘do not consider there to be any expected cash outflow’ from the decision […]
So what has the Auckland Trotting Club’s president Jamies ‘Watches’ Mackinnon achieved with his messages to members sent out this morning? Let’s number them for posterity shall we? Watches has variously: Confirmed that everything peter profit has been writing about the Chinese land developer not coming up with the $90 million lump sum required to […]
The Auckland Trotting Club has filled a casual vacancy by appointing the President’s daughter to the board. No advertising of the role. No call for expressions of interest. No invitation for members to apply. No testing of the market. No merit based selection process. President Jamie ‘Watches’ Mackinnon merely steps out of the room for […]
Dear Member This is a quick update on a couple of matters, one where the rumour mill is louder than Arran White’s race commentary. The ATC has a number of psychics within our membership, for reasons unknown they are not able to predict race winners, but they are experts at predicting the club’s future. At […]
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 […]
