No Tree Hill, Just a Cross For the Croon Era Cabal to Bear – the $700 Million Dollar Mortgage Over Alexandra Park

The Auckland Trotting Club (ATC) has sold the farm to fund its failed dreams of transforming itself from a racing association into a property developer. Every single blade of Alexandra Park, including the track, has been mortgaged. There are two mortgages held over AP. The ANZ bank holds one for $500 million. Westpac hold the […]

The Auckland Trotting Club is the Titanic – All That’s Left is the Slow, Sad Spectacle of Watching it Sink (First Published 14 July 2021)

Numbers don’t lie, and the graph you see above paints the picture as clear as day. The Auckland Trotting Club (ATC) is in more trouble than Flash Gordon, and in twice as much strife again. All those dreams of untold riches the club was going to derive by deviating from its core business of racing […]

The Imminent Death of the Auckland Trotting Club Painted in a Plain Simple Picture (First Published 12 December 2021)

Simple pictures are the easiest to understand, so let me paint one for you. In 2011 the Auckland Trotting Club’s financial position was: PROFIT – $1.5 million ASSETS – $44.2 million DEBT – Nil Ten years late in 2021 it (supposedly) looks like this: LOSS – $28.2 million ASSETS – $381.4 million (if you believe […]

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