Your help needed

Can any one explain the structure of racing to me, what happens to the funds generated by racing from the betting pools, does the money all belong to Phumelela and Gold Circle shareholders,

who in the industry if anybody has development responsibilities to the racing public and industry, I thought the racing trust? But am not sure, then as I understand it Phumelela and Gold Circle own the racecourses etc, but if so why was there such a public outcry when some racecourses were sold?

Do the province have any say or authority in the game etc, I missed the whole transformation thing,

mister a:

contact me via email for an in-depth overview of the process from Section 21 to corporatisation and Government's role (if any!)

hola@telkomsa.net

mister a why do u ask these questions. racing is in a better position that it been for 30 years ask the share price prisoner he say so

thanks umlilo

come mr a share yr comcern!

.....does the money all belong to Phumelela and Gold Circle shareholders,

like in all listed companies.. the shareholder see very little of the money..
now with the credit crunch...they will see nothing..hear about it..

where does it go..

salaries..
salaries.. MOST... to the EXCO...always on holiday with new cars..

salaries ..SOME... to the staff...always striking for more pay..

transformation ... LITTLE...donated (i mean paid) to transformation/curruptions projects..

maintenance and expansion ... NOTHING... evident in the state of the roads..

yes...the roads...were recieving a slice of the money...that's in the past..

so what changed...

THE FLOW OF THE MONEY.....its the only transformation that has taken place in south africa...in all sectors...in all companies...in all departments..

dont fret...its normal.. after each election in any country...transformation takes place....the transformation of the flow of money..

the same applies to companies...a new CEO/CFO/CIO...a new VISION(scheme to bedonner the shareholders)..to deliver the STEAKHOLDERS (Tbone..rump) mandate (hidden agenda)..within budget (what is left after we got our share)..within time(before we get fired)...

on corporate governance points...south africa was rated in the bottom quater..close to kenya...why...our transformation process..2+2=many...

but...lets not worry about the poor guys that still have to work till 63..
its like serving a jail sentence till 63..
you see everything around you is wrong..but like in jail..shutup and carry on..

viva transformation..
ps..I contracted many years for the government departments..1988-1991..1993..1999-2004... boardroom level..crying about buying 2 cars..thats nothing...peanuts...

remember ..if it was not for the chaos..we would not be making money..
never made money following a clever person..he does not leave even the crumps for you..

Taking the words outa my mouth Andrewest

Mad Mike i am just wondering about the sport of KINGS......

also known as the sport of ......

plenty of those around mister a, sometimes you should not let friendships cloud the issues

also known as the sport of ..........lots of those around...but more concerned with what the KINGS are doing for the sport, and not what they doing for each other and for friends, etc...

I thought we were the kings...how did they become the kings..

I must have been off sick on promotions day..