The various senior executives of all three Racing Operators and The National Horseracing Authority have had their remuneration significantly reduced (by up to 50%) even though their workloads have remained unchanged and even enhanced in most cases
Changes in provincial government legislation and other well-publicised issues have destroyed the industry’s funding model and the virus-enforced lockdown has now put the future of the entire sport at risk
The National Horseracing Authority have suspended Sectional Timing in Phumelela regions
‘There is more to this case than the MEC cares to reveal, starting with the fact that we’ve had to deal with three MEC’s in the last year following reshufflings in the Gauteng government’ – John Stuart
Government, and to a lesser extent lawyers, have become beneficial stakeholders in the horseracing industry in recent times.
It took more than a spoonful of confidence on the part of the Kenilworth Racing board to issue a public invitation for all stakeholders and interested parties to attend a meeting
Phumelela advises that its various websites are in the process of being reactivated
The Kenilworth Racing Chairman says he is confident that the Cape racing operator had cut their cloth as best they could in the best interests of their stakeholders
The other major impact on prize money is that the stakes pool will not benefit as no Phumelela share dividends will be paid this year
This is not a new phenomenon and is most commonly as a result of either an increase in interest from a foreign territory/customer or an additional high turnover territory that is added to the group of countries commingling on that specific day or race.
I see that we no longer have the weekly quartet carryovers to the last race of local Sunday meetings…
‘I called the owner and before I could even make the offer he excitedly told me that a certain South African bookmaker had just called 10 minutes earlier to make an offer of R5m’
It’s clear that eight incidents of crop excesses is unacceptable for a sport keen to maintain a good public image, and the time appears to have arrived for a review of the crop rules for work riders on the Highveld
