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spinkingspinking    4,002 posts
West Australian Racing
In this mornings Sunday ads government calling for expression of interest for the TAB sale with the majority of sale proceeds going to New hospital
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Comments

  • DamienWyerDamienWyer    8,008 posts
    RIP WA Racing
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  • detonatordetonator    4,397 posts
    edited September 2019
    Sale proceeds going into building a new hospital ?
    If the the building disaster that was the "New Children's Hospital" is any indication, the state govt would want to get a billion for the TAB.
    Oops that's right. Tax payers pick up the tab (excuse the pun) for their gross incompetence and predictable over spend !!
    Just another grab for cash and another asset blowing in the wind. :-B

    curmudgeon, thefalcon likes this post.

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  • paraleticparaletic    3,750 posts
    Racing for flash blue ribbons in ten years

    thefalcon, spinking likes this post.

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  • altern8vualtern8vu    245 posts
    i reckon about 5yrs :(( X( :ar! %-( cheers
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  • paraleticparaletic    3,750 posts
    What happened to all these studies and consulting groups? How is this allowed to happen? Racing should get 100% proceeds from the sale
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  • RIORIO    14,902 posts
    paraletic said:

    What happened to all these studies and consulting groups? How is this allowed to happen? Racing should get 100% proceeds from the sale



    hahhahahaha...an industry that has been infatuated with self interest for the past 40 years, working together to get a good outcome????

    Was never going to happen. The new system will work eventually and the ones on top of the pile will continue
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  • H-BOMBERH-BOMBER    10,567 posts
    I flagged this a little while ago as I saw an ad which clearly indicated that any sale of the TAB would go to a new hospital. I actually thought the tab had been already sold and they were proclaiming what they were doing.

    I don't understand the ins and outs, but it is being treated solely like a government asset. So I guess they can do what they want...buy it seems obvious that racing isn't a priority..
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  • thefalconthefalcon    20,505 posts
    the trouble is both labour and the libs are singing from the same hymn sheet...sort of..
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  • JellJell    1,202 posts
    Are any of us truly surprised by this?

    All of us on here are Racing enthusiasts, hence we'd like to see the profits get returned to the industry to improve the turd we're dealing with at the moment.

    Unfortunately for us, most of the population are not Racing enthusiasts, so you can imagine the uproar if the profits from a government owned sale went into an industry that most view as evil and full of gambling addicts, instead of something like a hospital.

    RIO, oldhendo likes this post.

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  • paraleticparaletic    3,750 posts
    The flashing red light here is they will fark up the tab sale, fark up the racing industry and fark up another hospital construction project. The Govt (libs or labour) is like midas in reverse, everything they touch turns to shite
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  • JellJell    1,202 posts
    edited September 2019
    paraletic said:

    and **** up another hospital construction project.



    I worked on PCH for 4 years and to be fair to the Government, they made some mistakes but 90% of the issues at PCH wasn't their fault.

    You can thank Mr Holland for most of the f@rk ups...
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  • spinkingspinking    4,002 posts
    To what extent was the Holland group held accountable and what wS withheld from the Govt to cover there fucup. And should they be allowed to tender ever again on a government project if that was the case
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  • ToepuntitToepuntit    241 posts
    Jell said:

    paraletic said:

    and **** up another hospital construction project.



    I worked on PCH for 4 years and to be fair to the Government, they made some mistakes but 90% of the issues at PCH wasn't their fault.

    You can thank Mr Holland for most of the f@rk ups...



    Hollands have always been useless
    Both over east and here, done plenty with them in the past and has always been a sh*t show
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  • tonytony    2,437 posts
    35%of the sale goes to the racing industry, 65% to the new hospital.

    RIO likes this post.

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  • RIORIO    14,902 posts
    tony said:

    35%of the sale goes to the racing industry, 65% to the new hospital.



    Wohoo, so we could end up with about 70k....Lets put new drainage in at Belmont and do something similar at Lark hill.....that should make the industry more sustainable!!!!

    Pharked for growth, but should have littel impact on our current situation. IMO
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  • spinkingspinking    4,002 posts
    Can anyone explain what happens going forward after the initial 35/ is absorbed. Where does the funding come after that
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  • savethegamesavethegame    3,216 posts
    Racing industry share----  mise as well be monopoly money  35% of  say 500mil. roughly-- 175mil to be held in trust fund for infrastructure use only -------so it all finishes up in 10-20 contractors hands...depending on size of contracts, money will be gone in 3-5 years.  think major contract on the table  at the moment is bunbury  drainage  so they can have 45 meetings  a year, in conjuction with work at pinjarra  think that's quoted at 22mill. this is how quick it can start to disappear.--- example

    Fiasco when they built Cannington dog track , and had to re - do it.  Think we pay 20 million a year to bet in tab corp. pools.....so what happens with that 20 million if tab corp. buys us. in scheme of things, Now changed the act to allow virtual racing machines i.e trackside,only to pick up as---- tracks close plus sports betting is growing at a rapid rate.  Tab Corp.  philosophy is based on rapid fire racing end of standing starts in  w.a.harness ….
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  • detonatordetonator    4,397 posts
    Jell said:

    paraletic said:

    and **** up another hospital construction project.



    I worked on PCH for 4 years and to be fair to the Government, they made some mistakes but 90% of the issues at PCH wasn't their fault.

    You can thank Mr Holland for most of the f@rk ups...

    Both the Govt and Mr Holland are equally responsible for issues at PCH.
    The bridge debacle at the stadium was the the Govts fault in going overseas and not awarding the original contract to a local company like Civmec. Tax payers pick up the tab again.
    The budget blowout on RAC Arena again under the Govt's watch.
    And the beat goes on !!! [-X

    paraletic, Toepuntit likes this post.

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  • savethegamesavethegame    3,216 posts
    Spinking  listened to the head, nothing changes except the name goes from rwwa to rwa.  I couldn't get my head around that part everything stays the same. but when they sold S.A.tab  can't remember exact figure 20-30 million, 7mil; went to consultants fee , and a success fee was 543,000,with redundancies and payouts  government had to bail them out it was way to cheap.

    Kennetts  own words, he said we sold way to cheap VIC. TAB... so surely with them blunders  we have a better idea regarding the right price. for ours.
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  • paraleticparaletic    3,750 posts
    the govt did offer $20m in compensation to JH, you dont do that if you are NOT at fault
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  • DamienWyerDamienWyer    8,008 posts
    The tragedy of this situation is that we were promised millions, but at best we may only get $100M from the sale. At one time Racing thought they may have had a bank of $1B. At that rate you could absorb the stupidity of Perth Racing and their lust for more an more cash and the incompetence of RWWA who just stood by wringing their hands, but not now. I really feel sorry for Country Racing, it's on life support now according to several that have openly talked about it with me and it will die quickly now with such a poor result.

    So where to from here ? Belmont must be sold entirely. Take whatever you can get for it. I hope Pinjarra and Northam survive, because they will be needed badly. Geraldton and Albany you would think will hold on for maybe 10 years but I would put everything else on life support following this shitty deal.

    I feel like I have been screaming into the wind for years now. This could have all been avoided but for the greed and stupidity of an entitled group of men who thought nothing of who they represented, just themselves. The knock on effect will be the loss of hundreds of jobs and the collapse of an entire breeding Industry. Quality Stallions will not be purchased for this shrinking marketplace as you only have to look at Tasmania, South Australia and Queensland to see what diminished local racing does for the bottom line. Magic Millions must be feeling sick at this point, they have just spent millions on a new sales complex and buyers are deserting the sport. Ascot is caught in the unenviable position of having zoned land for a direct purpose but that is no longer supported by that Industry.

    I haven't been to a city meeting, apart from a single Wednesday 18 months ago, but no Saturday or prime meetings for over two years now. I just refuse to support this level of incompetence for something that I once loved.

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  • thefalconthefalcon    20,505 posts
    so true, Damien. I have not been to 1 Belmont meeting this year and a time not so long ago that they would not start without me...so to speak.
    I am still a member but only attended the members floor once in my dozen or so visits to ascot last season.
    there are absolutely no incentives for me to attend a meeting....that does not include the price of a few frothies..
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  • wedgewedge    269 posts
    paraletic said:

    What happened to all these studies and consulting groups? How is this allowed to happen? Racing should get 100% proceeds from the sale

    racing deserves none of the proceeds, nor should it feel entitled to it.
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  • paraleticparaletic    3,750 posts
    very insightful =D>

    JayJay, spinking likes this post.

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  • spinkingspinking    4,002 posts
    Wedge copped a rather big wedge at school and still hasn't gotten over the affects judging by that comment
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  • ToepuntitToepuntit    241 posts
    wedge said:

    paraletic said:

    What happened to all these studies and consulting groups? How is this allowed to happen? Racing should get 100% proceeds from the sale

    racing deserves none of the proceeds, nor should it feel entitled to it.


    Yeah it’s only racing and sport that was making it a profitable business... why should they get anything
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