Always back the horse named self-interest, son. It'll be the only one trying
How are the boys club who are running the Auckland trots into the ground going with their circa $120 000 a week interest payments at interest rates of the cash call plus margin that keeps rising by the second? Remember just 2 years ago back in 2o21 when they were paying ANZ a vig of […]
At balance date a loan facility for $75,595,210 with a current value drawn of $75,085,577 was provided by Westpac New Zealand Limited (Westpac) with a maturity date of 31 December 2022 on an interest only basis with repayment due on settlement of the Gleneagles property deal in October 2022. The interest rate applicable is floating […]
Olympic Swiss Watches, made in Asia An open letter to Auckland Trotting Club president Jamie MacKinnon. Why waste tens of thousands of dollars in the High Court fighting over who owns the remains of Cardigan Bay when the solution is obvious and in your hands? Ever since the New Zealand Trotting Hall Of Fame notified […]
The word out of Auckland is no. I find it hard to believe myself, but that’s what they say. Nothing about the ATC would surprise me. We will find out soon I guess. When the rain breaks.
With money you are a dragon; with no money, a worm. (Chinese Proverb) CBRE are not just top shelf property valuation experts, they are the global leaders in the trade. They have valued the Auckland Trotting Club’s training complex and land at Franklin Park, Pukekohe as being worth around $31 million. The ATC claim that […]
Call me stupid if you like, for many do, but there is something I just don’t understand. How can the Auckland Trotting Club sell a piece of prime inner-city fringe land that it owns for $50 million, and only come out the other side of the sale with only $11.8 million? It’s got me baffled. […]
There are hundreds of lawyers in New Zealand, and many dozens of firms based in Auckland. Any supposed not-for-profit club with half a grain of integrity that wanted to spend more than a million dollars on legal fees would tender a contract for them so as to ensure that its members got the best quality […]
So the Auckland Trotting Club has leased one of the functions rooms at Alexandra Park to the Potters Church. The outfit that believes that God heals people, not doctors. The loons who hold that to truly know God you need to speak in tongues. Just like this. I saw a bloke make that sign […]
The picture you see is an extract from page 15 of the beautifully (and expensively) bound 2021/22 Auckland Trotting Club Annual Report. Do you see anything wrong? I didn’t know that the trop drivers in the North Island drove double cart. When did that start? I didn’t realise that Zac Butcher, who only has a […]
What do you do with a greyhound CEO who thinks a bit of live baiting makes it a big month? You headhunt him to become your trot club CEO of course. So that is exactly what the Auckland Trotting Club did. Mauro has moved on now. I would too. Most people like to be sure […]
