We are on our way up already!

  • Deeno
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Re: Re: We are on our way up already!

13 years 1 month ago
#221408
Bet types should remain the same. Would be nice if they re-introduced the consolation dupla ( double).

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  • Deeno
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Re: Re: We are on our way up already!

13 years 1 month ago
#221451
Gold Circle has announced that the stakes for minor races will be increased by 8% in KwaZulu-Natal as from Tuesday, 24 April 2012.

Speaking at a luncheon to launch Champions Season at Greyville on Thursday, Gold Circle’s Chairman, Robert Mauvis, said that he was very pleased that the Company was now in a position to offer increased stakes.

He also announced that the fifth place stake that was done away with when the company was forced to reduce stakes, will be re-introduced at the same time.

ends

Gill Simpkins
Public Relations Manager

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  • Raymond Deacon
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Re: Re: We are on our way up already!

13 years 1 month ago
#221469
Great news indeed and hopefully this a start on the road to stability

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  • Garrick
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Re: Re: We are on our way up already!

13 years 1 month ago
#221485
Craig Eudey Wrote:
> Gold Circle announced yesterday an 8% increase in
> stakes as from the 24th and 5th place stake was
> coming back. Sooner than we had hoped. We are on
> the road up!


Now might be a good time to advise all your owners of a 10% increase in training fees, Craig! Lol.

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  • Homer
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Re: Re: We are on our way up already!

13 years 1 month ago
#221590
Great news Craig! Every bit helps at the end of the month.

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  • Sylvester
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Re: Re: We are on our way up already!

13 years 1 month ago
#221603
Well Done

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  • moose
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Re: Re: We are on our way up already!

13 years 1 month ago
#221611
Good news all round then today PE and KZN things are looking up (:D

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  • mr hawaii
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Re: Re: We are on our way up already!

13 years 1 month ago
#221637
Good start - Now double the spend on marketing

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  • Flash Harry
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Re: Re: We are on our way up already!

13 years 1 month ago
#221650
how many month do a winning maiden check pay in training fee? in 1997 i win a maiden at newmarket it pay for 11 months training. today i think less than 6 if my sums are rite. well done the increase but do not life in a fools paradise like you must be gratefull for shit

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  • Dave Scott
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Re: Re: We are on our way up already!

13 years 1 month ago
#221666
I am sure it's around 6 months for a maiden in SA and in the UK it keeps you for only 1month?

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  • Craig Eudey
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Re: Re: We are on our way up already!

13 years 1 month ago
#221673
That is about right Dave.

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  • Garrick
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Re: Re: We are on our way up already!

13 years 1 month ago
#221980
A maiden race in Cape Town returns about R35,000 to the winner. Deductions from that cheque at source amount to as near to 20% as makes no difference. So the nett amount is R 28,000 actually receivable.

It costs about R100,000 per annum all in (on average) to keep a horse in training. Industry players often 'overlook' the multitude of related expenses which land up in the owners mail box and which all contribute to the figure I quoted. Some centres and trainers are a lot more expensive than others so I am quoting an AVERAGE.

On this basis an average Cape Town owner with a competent Cape Town trainer would see a winners cheque disappear in under 4 months.

In addition there are fewer meetings in Cape town than almost anywhere else so the opportunities to earn are lesser. Ironically - that may well be one reason why the horses are better : Keeping soupmeat in Cape Town is definitely not a proposition. And the absence of opportunity encourages one to move them on quite quickly.

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