Always back the horse named self-interest, son. It'll be the only one trying
One simple way to read the balance sheet of an unprofitable business to find out what’s gone wrong is not to worry about the dollars, but rather to look at what percentage of the organisation’s income is spent on each category of expense. To get the real picture you need to look at the organisation’s […]
In 2015 Dale Monteith conducted an audit of harness racing commissioned by the Victorian State Government. Monteith made 18 recommendati0ns, which were accepted by the government and introduced. One of them was the reconstitution of the board. That resulted in Monteith shortly after being appointed as HRV Chairperson. Good recommendation that one. Here they are […]
Fact 1 HRV’s wage bill is $20.3 million. Harness Racing NSW’s is $7.1 million. Fact 2 HRV spends 19.2% of its income on wages and salaries. HRNSW only spends 8.8%. Fact 3 HRNSW spend almost twice the amount on swabbing that HRV does. Fact 4 HRV spends just $291 000 a year on animal welfare. […]
Victorian Harness Racing is in crisis. For years under the watch of Chairman Dale Monteith and his CEO Dayle Brown the principal body HRV spent vast amounts more than it earned, and covered the difference by racking up debt. It was living beyond your means writ large, a near decade spent surfing credit cards and […]
Harness Racing Victoria states in the strongest terms that what has been expressed only creates fear and uncertainty among the stakeholders the bodies are meant to represent, distracting from the collective efforts to resolve the financial complexity that we all face. Translation: It’s all the Kindred Bodies fault. They aren’t representing their members. They are […]
Dale Monteith is the worst Chairman of a harness racing authority in Australian history by panels and bar none. It’s daylight the rest. The numbers tell the story. In the 12 years prior to Monteith’s appointment in 2016 HRV had made an aggregated profit of nearly $6 million dollars. In the 7 years that he […]
Dale Monteith, the genius who as HRV Chairman presided over the financial disaster WE, the Presidents of the Victorian Harness Racing Kindred Bodies, are issuing this urgent and united statement to express our profound concern over the future of Harness Racing in Victoria. A meeting we requested last week with Harness Racing Victoria (HRV) has […]
If you think the massive reduction to prizemoney for the Breeders Crown series announced yesterday is the only crack on the chin that Victorian harness racing participants are going to cop this year, then I’d suggest you think again, for the pain has only just begun. There is no alternative, for as we’ve been trying […]
The big losers from the decimation of the Breeders Crown series are Emma Stewart and Clayton Tonkin, with the pair set to miss out on millions of dollars as a result of the wholesale cuts to stakes. Tonkin and Stewart have dominated the Breeders Crown in recent years, particularly since the change in dates meant […]
Harness Racing Victoria’s announcement yesterday that it is immediately slashing prizemoney for the Breeders Crown Series has rocked harness racing participants, with the series being decimated by direct cut in stakes for the 2 and 3-year-old finals of $705 000 or 64.35%, down from $1.15 million to $410 00. These prizemoney reductions imperil the Group […]
