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Author Topic: The $85m Idea  (Read 5475 times)
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Arsenal
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Original Post 2010-Jan-10, 10:11 AM

Bob Bentley on Racing retro today, $85m for upgrade of Queensland racing infrastructure over 4 years conditional on agreement for a single control body consisting of 5 from racing and 1 each from greyhounds and harness racing.

The latter group not too pleased with their single rep which is   based on the relative contributions the 3 codes make to revenue 80, 11 & 9% respectively according to Bob.Whether that is Bob's idea or the Governments wasn't made clear.

They don't  they need a board of 7 when QRL has managed with a 5 person body and the others are even smaller.Big isn't necessarily better when it comes to boards and committees.So why would they want 7 members when racing will have a majority say anyway?

I reckon it's because the existing 5 QRL directors will retain their seats and slot into the new positions and in the process satisfy the ARB as being industry rather than Government appointees.

It's about preserving the status quo  at a greater cost to stakeholders but of benefit to  current QRL directors some of whom have limited tenure due to either not being eligible for reappointment or having to face an election in due course.

 Singo said  later there was a meeting on Friday with Treasury,QRL and Magic Millions to agree on details some of which were disclosed by Bob when answering questions.Gold Coast is the priority with funds to establish a new greyhound complex at Underwood and he also mentioned the need to fix Albion Park.

If the Government wants to be seen as unbiased it would limit the new body to 5 members 2 from racing and 1 each from greyhounds and harness racing with a independent chairperson I am King
So its all systems go maybe 

 
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Max Manewer
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2010-Jan-11, 05:50 PM

I see Bob going for broke knowing he'll get the pink slip if Disgraceful Anna gets the boot.
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MagiC~*
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2010-Jan-11, 06:50 PM

So what happens to the clubs once the government spends all this money on them, do they take them over like they took over the SCTC ?  saying that it was a loan, and if they can't pay it back, then the government will take over all their assets  what
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Max Manewer
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2010-Jan-11, 06:57 PM

 Ring him. Bob says use the phone and ask a question or two. Make sure it's from a phone box, though.  lol
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Proud Knight
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2010-Jan-11, 07:10 PM

So what happens to the clubs once the government spends all this money on them, do they take them over like they took over the SCTC ?  saying that it was a loan, and if they can't pay it back, then the government will take over all their assets  what


So what have the stakeholders lost out on in that scenario at the Sunshine Coast ? As far as I can see, the Sunshine Coast its the most complete racing/training facility in QLD by a country mile. A great course proper, night racing, good training tracks and new on course stables on the way.

 
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ted e turner
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2010-Jan-11, 09:15 PM

kinda reminds you of the bill carter/fine cotton/dinosaur press release from bob the ogre...the obvious question still must be why up until the announcement for the greater good aka the new "structure" havnt the chairmen of doomben,eagle farm and the gold coast been consulted....if tis for the greater good declare the assets{land} as owned by the clubs...give them the credit facilty not fawltee towers bob and bill love
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ted e turner
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2010-Jan-11, 09:16 PM

proud night your right....what about everyone else{other clubs bar woomba and rockvegas}every other club
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Bright Spark
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2010-Jan-11, 10:17 PM




Bob Bentley comes out blazing:

11 January 2010

Stephens awakes from his summer slumber

Queensland Racing Limited (QRL) chairman Mr Bob Bentley has today declared that Ray Stephens’ (Shadow Minister for Racing and Member for Mermaid Beach) recent outburst criticising the Queensland Government for its funding package for the racing industry shows that he must be permanently in holiday mode.

“It’s as if he has been woken up and thinks that he has a duty to criticise the Queensland Government notwithstanding the Government has just confirmed a significant funding package for the racing industry including the Gold Coast Turf Club,” said Mr Bentley.

“The fallacious claims in his recent press release are typical of those we have become accustomed to from Stephens. Too lazy to pick up the telephone and ask a question or two, he continues to just fire shots in the air hoping to hit a target, any target. The LNP deserves better than this.

“The proposal to develop the Gold Coast Turf Club is to be a major development on the Gold Coast, redefining racing in the opposition Premier’s own electorate - hardly politically motivated or dodgy.

“To make sure that the facts are public and there can be no misunderstanding; the following is the correct situation. The wagering tax redirection is a result of 12 months consultation and numerous submissions to the Bligh Government for the Racing Industry for all codes and is not just for the Gold Coast Turf Club. The submission will pass the toughest of markers on accountability.

“The tax relief is over four years and will gross up at approx $80 million. There will be other industry funds added and a commercial credit facility will be established to undertake essential industry projects in all codes.

“The funds will be made available to a combined control body with no collar from the Bligh Government. The projects have been identified in an “Issues Paper” and formed the basis of the submission.

“The Government is making available $80 million for infractructure projects for all codes of racing across the State. The funding injection is the largest ever by a government of any political persuasion.

“There is nothing coming back to the Government except the recognition of the importance of the racing industry and the 40,000 Queenslanders who derive their income from this industry and the critical need for infrastructure upgrades to sustain this employment.

“Ray, are you getting the message? Lights on yet?

“The statement by Stephens of $10 million being offered for the Bundall assets that he claims are worth $100 million along with his other ramblings, make no logical sense and are typical of Stephens’ lack of knowledge and understanding of this initiative.

Stephens must be constantly domiciled in a dark room if he cannot understand that a major investment in the Gold Coast Turf Club to deliver on a significant development will require a change in the asset structure. This is merely commercial reality, something that the racing industry will have to come to grips with. The days of grants to private members clubs are over.

“Full consultation will be carried out with the members of the Gold Coast Turf Club as soon as possible. The proposed development will not impede the enjoyment of members, only add to and enhance their racing experience.

“The proposal by Queensland Racing with the funding package by the Bligh Government will provide increased events on the Gold Coast and lift prizemoney for stakeholders to new levels.

“If Stephens were serious about the advancement of the Gold Coast and the well being of his electorate, he should be congratulating the Bligh Government not making stupid assumptions. He should, I suggest, see what the LNP can do to help.

“Unfortunately, conspiracy theories of the kind contracted by Ray Stephens are an incurable condition.”





Hey boys his name is "spelt" STEVENS
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Max Manewer
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2010-Jan-11, 10:19 PM

With Bob on the warpath he could be Shakin' Stevens.  smiley
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Bright Spark
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2010-Jan-11, 10:21 PM



Crikey! Bob is a REAL headkicker.  rant

Bloodboots would be a good nic should he join our happy family. Undecided



Its a pity Bob cant spell, Stevens not Stephens!!! rant bop
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MagiC~*
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2010-Jan-11, 10:22 PM

So what have the stakeholders lost out on in that scenario at the Sunshine Coast ? As far as I can see, the Sunshine Coast its the most complete racing/training facility in QLD by a country mile. A great course proper, night racing, good training tracks and new on course stables on the way.




Well if Bob decides he wants to do, what he wanted to do with Doomben, and Eagle Farm, then we have lost the lot  what
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ted e turner
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2010-Jan-11, 10:44 PM

magic bobs a goose ,we all know that...lets see what his "structure is"...if tracks/clubs retain their freehold assets...its all good
any other plan and bob will be booted a day after next state election and sanity will be restored...as if 20 mil a year from our own tax revenue can buy all the states tab clubs freeholds...what fools they take stakeholders/race clubs for
the imbecile was so stupid as to admit that not one cent will go into prizemoney....net effect,,...no extra earnable revenue for stakeholders just upgraded tracks and bob still boss...the maggots are starting to appear when you hear acting premier saying they will legislate in parliment with or without the trootting code...sorry bob your the fool love
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Antitab#
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2010-Jan-12, 07:55 AM

Some of you blokes are more illogical than Bob and Ray Stephens. Sure he does plenty wrong and makes a fool of himself at times but whether he is responsible or not and I suspect he is responsible he has managed to get the govt to tip in $85 million and you are still complaining.

To then put that $85 million into prizemoney would be ridiculous and akin to Kevin Rudds vote getting stimulous hand outs, in that it would be a waste of money for a very short term gain. They have a chance to spend the money intelligently and build a base that improves the industry and results in increased prizemoney reocurring into the future and a stronger base.
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Max Manewer
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2010-Jan-12, 08:02 AM

Bob has appeared more blatantly political of late than any government appointee I have ever seen, Antitab. I don't believe political partisanship is rightly part of his charter, do you ?
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Antitab#
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2010-Jan-12, 08:15 AM

If I was in his position I couldnt see any advantage in becoming the a mouthpiece for the government, however if he didnt align himself with the ALP I suspect the $85 million wouldnt have appeared.

 Racing hasnt had much luck in the last 30 years with obtaining money from any govt either  Federally or in any State so it is hard to criticise him for making the right noises to get the right result.

The big test is whether he is able to spend the money in the best manner possible but i agree with him that the best way doesnt include a short term prize money boost.
 
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ted e turner
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2010-Jan-12, 09:05 AM

anti-tab you must be kidding ? at 20 mil a year over 4 YEARS and as stated no prizemoney increases would any person in their right mind sign over freehold on over 1 billion in assets if indeed that is the structure that deceptive,vote rigging ,money squandering bib bob has come up with......not one cent will help one stakeholder except better facilities for owners
that is no prizemoney,no extra wages,no freight rebates,no metro appearance money,no feed price relief......why anti-tab do you,i and the presidents of eagle farm,doomben and gold coast know nothing of bobs structure that the acting premier says they will legislate...these no good desperates after lying to the electorate re fuel subsidy,selling public assets are heading in one direction which is either prison{hi gordie} or the scrap heap at nudgee
ps the 1 billion made up of eagle farm and doomed ben over 700 million,gold coast 150 million,ipswich 20mil plus,rocky{swamp} -bob owns via dodgy loan{president in hiding} ,woomba{shit-thetic going great has enriched the tradition}bob owns via dodgy shit-thetic track loan,townsville 40 mil,mackay 40 mil,cairns 40 mil---latter 3 sit on prime residential land.........a question for you anti-tab would you trust him? chin
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