Racing industry warns of unsustainable ‘loops of decay’
Growth is possible, says report, but major reform is necessary before guaranteed funding from Entain ends in 2028.
Recommendations include clubs transferring their racecourses to a national trust in exchange for equity.
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The racing industry says it is trapped in “reinforcing loops of decay” and that, without major reform, its financial situation is unsustainable.
According to a TAB New Zealand Racing Advisory Committee report obtained by NBR, the industry has a structural deficit of more than $50 million a
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