Always back the horse named self-interest, son. It'll be the only one trying
The appointment of Mary Collier to lead the implementation of the racing review reforms may have surprised some, but I reckon she is a fine appointment. Collier is one of those rare beasts in racing, a prominent person without any enemies. People just like her, because they respect the way she does business and know […]
The Australian Turf Club won the first battle by securing a temporary injunction preventing Racing NSW from moving forward with its plan to install an administrator to manage the club’s affairs, but they are far from winning the war. The next battle takes place on Friday morning. It will be interesting to see what the […]
The list of the top 5o earners in racing history tells a tale about where the wealth is in the racing world, and in particular the top 20. Hong Kong has the top two earners in Romantic Warrior (1) and Golden Sixty (2), and a third horse in the first 20 in Ka Ying Rising […]
There is a lot of confusion and spin about the true state of the Australian Turf Club (ATC) finances, so we thought it would be useful to refer back to the club’s latest annual report to find out exactly what the situation is. As you will see the ATC’s auditor KPMG believes that a material […]
The fundamental problem with the Australian Turf Club’s (ATC) finances is easy to see, even to a layperson. It doesn’t have enough revenue streams outside of wagering to remain sustainable. The chart at the top tells the story. ATC gets 62.8% of its income from wagering distributions, either directly from the TAB or via Racing […]
Appointment Of An Administrator To The Australian Turf Club Racing NSW today announced the appointment of an Administrator to conduct the affairs of the Australian Turf Club (ATC). This decision follows an extensive and exhaustive Show Cause process, together with multiple formal joint meetings between the Boards of Racing NSW and the ATC. These steps […]
It is quite amazing that the imported head of the QLD Racing Review Matthew McGrath still stands by his two key recommendations that the Government knocked back, a reduction in the Point Of Consumption Tax (POCT) rate from 20% to 15%, and relocating the trots to the Doomben infield. Both proposals were utterly inane. QLD […]
You see some bullshit claims in your life when you are as old as I am and have spent your whole life at the track, but this statement of supposed facts about racehorse ownership put out yesterday by Tom Magnier takes the cake. Magnier claims that 1 in every 201 Australians owns a share in […]
The top ten richest races in Australia list tells a story. Sydney hosts six of them. The Everest, Golden Eagle, King Charles III, Golden Slipper, Queen Elizabeth and Doncaster. (Note that 2 of them are named after foreign based monarch, 2 after gold, one after a mountain in Nepal, and the other after a racecourse […]
