Always back the horse named self-interest, son. It'll be the only one trying
The debt-laden Auckland Trotting Club is almost down to selling the family silver but has struck opposition in its latest bid to demolish Australasia’s only harness racing museum to make way for parking. The ATC reduced its debt from $122million to $73million last month by finally completing its sale of a large chunk of land […]
Jamie Mackinnon runs a business in Auckland selling cheap watches to shops in Levin and the Mangere Town Centre under the banner of Olympic Swiss, even though most of them are actually made in Thailand and wholesaled through China, which makes you wonder about the Chinese developers who’ve got the rights to buy the Pukekohe […]
Merv Butterworth is the master of posing the polite understated question that screams RORT! This below is an extract from a report by Dr Barry Lichter published this morning on the ever-excellent Lincoln Farms website www.lincolnfarms.co.nz, which I highly recommend as a must read for trot fans. (Copy That’s owner) Merv Butterworth said he hopes […]
The scheming, scamming, stooging fools in charge of the Auckland Trotting Club have called a meeting to boot New Zealand’s best investigative racing writer, the award winning Dr Barry Lichter, out of the club. What’s the Doctor’s alleged crime? Writing the truth about last month’s Annual General Meeting. WTF? Isn’t that what racing writers are […]
Slides shown by Brooks (pictured above) detailed how the club could “extinguish all debt” after the Pukekohe land sells. He revealed the club, whose loans peaked at $370 million during the project, lost $75 million building apartment block A and $33 million on apartment block B, for a total loss of $108 million. Along with […]
$100 million ‘enormous’ offer Property sub-committee member Mark Sumich said the $100 million offer was “enormous” in the current climate. “This guy has paid a hell of a lot of overs. I don’t necessarily trust this buyer but the offer is there,” said Sumich. “We had notices served on us (by the bank) and if […]
Auckland Trotting Club members who voted last night to sell the Franklin Park training centre were told it was highly unlikely the $100 million price would be spoiled by unfavourable rezoning. In pressing home how crucial it was for the club to sell the land, before the bank did, lawyer Graham Harford said the club […]
Subject Commissioner appointment for the Auckland Trotting Club I request that due to a decade of mismanagement at the Auckland Trotting Club that a Commissioner be immediately appointed. Introduction The ATC has had a rich 130-year history, which saw the Club rise to pre-eminence in New Zealand racing. The Club was debt free, has outstanding […]
I haven’t had the opportunity to read the Auckland Trotting Club (ATC) annual report as yet, mainly because I haven’t got a copy to read. So I will suspend all doubt about the veracity to the media reports until such as time as I get one, but in the interim may I ask the following: […]
The Directors of the Auckland Trotting Club don’t own it’s land, the members of the club do. It is there for the club, and for the club only. This is not a business, it is a 132 year-old not for profit association formed and operated for the purpose of promoting harness racing by conducting races […]
