4 Racing

Love the strategies and words however please remember:

1. Words without ACTION are meaningless you have had a lot of time already
2. 101 business - secure your own income stream and make sure it’s strong and growing

Use it don’t use it up to you

Good luck sincerely

Deleted, Wrong thread

Oscar

The arrogance of 4Racing was frightening at tonight’s meeting, especially CS.

They came here to share their plan for Cape racing but it was all about them.

The plan they put forward was for 4 Racing and has been shared at every board meeting since the early 2000’s.

Bookmakers have already moved on from these outdated ideas.

OH WELL as Fleetwood Mac would say .
I did listen to audio and read the summary in SP.

As old blue eyes would say I DID IT MY WAY.

I am sure we all hope/hoped that 4Racing would be a success for the sake of racing and be in a position to increase stakes in line with training costs.

Just hope that some of the constructive criticism is considered on behalf of the punter .

This is going to drag on just like the conflict in Ukraine and will be nasty at times and we can only hope for some beneficial dialog and a HAPPY ENDING 🤞🙏

Good Punting

Would also add that "customer satisfaction" will be the deciding factor to whom will eventually control racing.

At this stage the bookies are money on.

Grand ideas mean little to nothing if simple things are not done exceptionally well...

I re-iterate my view that there seems little interest to enhance the previous bad offering so as to increase / retain customers so the new capturers interest likely lies solely in the assets (land)...once more has been extracted than put in, new pastures will be sought...sadly...

When you are sailing a ship bought and paid for by somebody else you don't have to worry about Icebergs.

I have never understood how Kenilworth Racing always ends up in trouble?

You know those posts on Social media when people are asked to post photos of the World's most incredible race courses






BEST HORSES
BEST PLACE TO RACE
GREAT FOR EVENTS

Bad management?

the words coming from 4 racing mirror jooste regime

Cape Town is regarded as one of the best tourist destinations on the planet......

Our model of the tote take out funding racing only can do so much. Western Cape is lacking in this. I have written before, why is there no online tote betting site for Western Cape. The only take out they are getting 100% of is from their local totes in the Western Cape. They have no online clientele which can make a difference and this person can register anywhere from South Africa but his full take out will be theirs.

Their agreement with 4Racing and Gold Circle in regards to their racing simulcast wagering. Do they get a percentage on the amount wagered or do they get a fixed fee per meeting or year.

Kenilworth Racing needs to check how it is possible for Gulfstream Park to run meets through the year, sometimes close to 5 days per week and be able to sustain it. Gulfstream however have different type of meets with varying prize money depending on the season. They maybe need to go that route.

During our summer and winter in France, they broadcast our races often. What type of agreement is in place. Or is it 4Racing overseas arm taking all the profits and Kenilworth Racing and Gold Circle getting a percentage. Also with the World Pool meeting for the Met, exactly how much did 4Racing make or Kenilworth Racing.

Stakeholders were treated to a fine display of the modern era Victorian Freak Show at Kenilworth yesterday evening. To say that I was dumbstruck by what unfolded versus what I expected would be no exaggeration.

My expectation was that 4Q was going to present their strategy to enlighten the industry, not just the Western Cape, but everyone as to what their strategy is, where they are having challenges, what are their successes and most importantly, infuse some confidence into an audience that has been shell shocked by questionable and absurd decision making and conduct of 4Q since their takeover.

True to their form, they walked into the room, fully extended both hands with their palms facing the ceiling and gently lifted up both middle fingers to the audience – then informing the audience that this is a road show for 4Q to present their strategy for Cape Racing – as 4Q is a great partner, who has CERTAINTY TO BE AROUND FOR EVER versus any other potential partner. Apparently there is some family / benefactor behind 4Q, who is the best and most loved investor/s in the world that never walks away from anything and are the most caring bunch. The name of this family/benefactor is top secret and one would need to sign a confidentiality agreement if disclosure is to be made.

Here's the irony of this freak show – 4Q is telling the audience (from the Cape Flats) that they need to pull finger and decide how to sort out Kenilworth Racing. However, the audience has no vote nor any say at the table and can do jack shit to stop 4Q/MOD’s strategy to take over Kenilworth Racing. Was 4Q mocking this audience?

MOD got rid of Bloomberg from the Kenilworth Racing Board to deploy their people to implement the first phase of their takeover strategy (give KR a loan that they cannot afford to repay and take their properties as security, as confirmed by Bloomberg and the KR directors in their letter dated 9 May 2022). Then the MOD vultures start hovering to feed shamelessly. Remember, KR is owned by the Thoroughbred Horse Racing Trust. Majority of the trustees have been appointed and deployed to do the MOD bidding. These trustees were appointed by the RA Board who were at one stage, all MOD deployees, but for one director. The Cape Flats have been played and the vultures have returned to pounce.

Fortunately for the Cape Flats, the directors of KR in their letter to stakeholders dated 9 May 2022 confirmed the following (in writing, nogal):
1- That they committed MULTIPLE acts of insolvency,
2- They confirmed that they have been and continue to be FINANCIALL DISTRESSED – having to borrow money to pay salaries and operating costs;
3- They confirmed they breached the provisions of section 129(1) and 129(7) of the Companies Act by not placing KR in business rescue when the company was financially distressed following Evan’s actions against KR.
4- The KR directors confirmed engaging in reckless trading ever since, and
5- MOD directors engaged in reckless lending and the KR directors were willing participants in acts of reckless lending and bonding properties in favour of MOD;

Fortunately, the Companies Act is clear that the directors of both MOD and KR can be held personally liable for the losses suffered by KR as a consequence of these acts.

TIME TO SAVE RACING AND SET AN EXAMPLE WITH THESE MOD DEPLOYEES AND MOD WHO TAKE US FOR FOOLS!

THESE HALFWITS.