Always back the horse named self-interest, son. It'll be the only one trying
Two years ago the long time harness racing lover, administrator, owner, breeder and benefactor Kevin Seymour AM, one of the giants of the Queensland and Australian sport, offered the SA Harness Racing Club that runs the famous Globe Derby course and club a life line to save them from crippling debt. Seymour extended the club […]
What you see above is taken from the auditor’s report into it’s examination of Globe Derby’s finances last year, which in accounting terms ran from 1 July 2021 to 30 June 2022. The Auditor said that cash was a significant source of income for the club. But the club didn’t cough up with the receipts […]
How do the committee of Globe Derby come to the conclusion that the club can pay its debts as they fall due? Globe Derby owes almost $4.5 m It has just under $1.8 million to its name, if you believe the Directors of the club. I don’t. Suspend disbelief and assume that they are telling […]
We have received the other bits of the Globe Derby Annual Report, and we were spot on. They are insolvent, or all but. You can read as well I can. K. Seymour’s loan agreement expires in February. Unless Seymour gives the club an extension – and I can’t think of any reason that he should, […]
We’ve managed to get a partial copy of the Globe Derby (SAHRC) annual report, and the picture is dire. The club has lost more than $800 000 in the past year. That takes it losses over the last 2 years to almost a million dollars. It has just under $1.8 million in cash, but owes […]
I am sure that this gallop at the start by the $1.20 favourite Take My Wallet in the 2nd race at Globe Derby on Monday was nt a piss take by the connections. Plain bad luck it was, I’m sure. Just as I am sure that the horse coming to the Aaron Bain stable with […]
Kevin Seymour lent the Globe Derby club $3.5 million to survive. The idea was that the club would pay it’s debts and use the remaining funds to revamp its dining facilities, make the necessary upgrades to it’s gaming areas to make them attractive to the locals, and market the hell out of them both, so […]
See the bikeway next to the track that Peter Bain built? The Stuart O’Grady Cycleway. O’Grady was a self professed EPO cheat. The cycleway is currently closed. Life imitates art.
Gee, do you wonder why the Stewards are inquiring into Dani Hill’s drive on the second favourite Lovelorn? I don’t. It is in the purple with white, sitting in the 1-1 as they approach the bell. D. Hill drove this to full advantage didn’t she? Not. Let’s see if the SA Stewards have any balls. […]
It will be announced today that Harness Racing SA has erred on the side of caution and scrubbed the Gawler Carnival of Cups meeting at that track, by transferring it to Globe Derby. The dysfunctional club run for their own benefit by Peter Bain and his son his son Aaron ‘Summit’ Bain is in disarray, […]
