The Cape Racing saga continues to unfold as stakeholders get a bitter taste of virgin transparency and reality.
Former owner Garrick Bergh asks a simple question.
He writes:
For just one moment let’s set aside the politics, blame apportioning and hand wringing.
As I understand it the fundamental problem is this:
We have an activity (business) where costs far exceed income generation at present. The reasons are well documented; having been regurgitated and debated to death.
One can trace their roots as far back as the 1980’s.
A new operator has taken over and has probably been quite shocked to find out just how denuded the cookie jar and infrastructure really is.
Unfortunately for this operator they have started off by making a less than auspicious start in areas where the customer can already judge their efforts and performance – eg Channel 240.
At the present time I am seeing quite a lot of ‘deck chair re-arranging on the Titanic’ but am waiting with bated breath for the most important development of all :
What plans are in the pipeline to stimulate the ‘sale of bets’?
From a sustainability perspective nothing else really matters more than this unless it is the intention of participants to ultimately race horses for a ‘pie & a coke’.
Having witnessed (and sometimes even attended) numerous ‘concerned stakeholder’ meetings which delivered pretty much nothing other than angst, I am still waiting to hear an innovative, detailed proposal from leadership that might stimulate turnovers.
To date – absolutely nothing.
Fact is – I don’t think we -and I include all of us -have a clue on how to fix it.
