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Must be a done deal according to our great leader because he’s already spent 65% of the proceeds..... however much that is???

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  • TheDivaTheDiva    11,382 posts
    image
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    111K

    Tucool, Desperado dislikes this post.

  • GepettoGepetto    65 posts
    $300ml was mentioned as a possible price.
  • thefalconthefalcon    15,758 posts
    ^^ pffft. should ask Twiggy to buy it and run it as a profitable enterprise....
  • ManchildManchild    126 posts
    What a joke , How much is it worth ?
  • GepettoGepetto    65 posts
    Manchild said:

    What a joke , How much is it worth ?

    Like everything, worth what someone will pay.

    RIO, paraletic likes this post.

  • RIORIO    13,959 posts
    In the way it is currently being run 300mil is overs in my opinion. And as we are such a well ran, community engaged industry (MASSIVE tongue in cheek) how are we goign to get any support over funding a Women's hospital????

    Getting exactly what we deserve for decades of infighting among stakeholders.
  • DamienWyerDamienWyer    6,895 posts
    $300M is a far cry from the $1BN that was talked about at one time. In fact if it was only to generate $300M I couldn't understand why it would be sold as an ongoing cash cow that is providing a steady stream of income for Govt and Industry alike.

    It's like Perth Racing selling anything they can shift just to retire debt incurred by the incompetence of past administrations. Once it's gone, it's gone. You only have to look at the current situation of having sold the land, they still can't buy a round of drinks in real terms. Still got their hand out for cash every year and without RWWA supporting them, they would be destitute.

    If Corporate's are allowed to buy the WA TAB for such a low price, it will simply be the funeral announcement for a date to be fixed.
  • paraleticparaletic    3,091 posts
    edited May 11
    Fair enough sell the tab if you really want to but money should go 100% to the industry not for the benefit of single mums who pop out 80 kids on everyone elses dime. This is typical labour govt bullshite sorry i dont want to derail the thread in a political sense but fair dinkum its the way it is

    Manchild, jum likes this post.

  • DamienWyerDamienWyer    6,895 posts
    paraletic said:

    Fair enough sell the tab if you really want to but money should go 100% to the industry not for the benefit of single mums who pop out 80 kids on everyone elses dime. This is typical labour govt bullshite sorry i dont want to derail the thread in a political sense but fair dinkum its the way it is

    Bit harsh on single Mum's. How about the Father's taking some responsibility ?

    RIO likes this post.

  • hashhash    6,277 posts
    PTT - the new home of Jerry Springer, with a touch of The Bold and the Beautiful and a dash of 4 corners... you blokes love derailing a good racing related story don't you  8-}
  • paraleticparaletic    3,091 posts
    edited May 11

    paraletic said:

    Fair enough sell the tab if you really want to but money should go 100% to the industry not for the benefit of single mums who pop out 80 kids on everyone elses dime. This is typical labour govt bullshite sorry i dont want to derail the thread in a political sense but fair dinkum its the way it is

    Bit harsh on single Mum's. How about the Father's taking some responsibility ?

    i dont disagree on that either
  • thefalconthefalcon    15,758 posts
    hash, there is more to life that being anchored to your phone looking at corporate prices 24/7.
  • hashhash    6,277 posts
    oh trust me I know  :)>-

  • chocchoc    757 posts
    This is a popularist comment (“build more Hospitals”) by a typical Left Wing Govt, that must be challenged.
    Either way, its an attempt at a Federal Election booster, or an impetus for Sale at a State level.

    Any potential Sale must be carefully negotiated to ensure the best possible return to Industry.
    Not an instantaneous 2/3rds giveaway and squabble over the rest, like Seagulls over chips.
  • SLIPPERGOLDENSLIPPERGOLDEN    5,680 posts
    RIO said:

    In the way it is currently being run is overs in my opinion.
    Unlike their race to race odds compared to competitors.

    RIO likes this post.

  • RIORIO    13,959 posts

    RIO said:

    In the way it is currently being run is overs in my opinion.
    Unlike their race to race odds compared to competitors.
    Which generated the comment in the first place

    SLIPPERGOLDEN likes this post.

  • DamienWyerDamienWyer    6,895 posts

    $300M is a far cry from the $1BN that was talked about at one time. In fact if it was only to generate $300M I couldn't understand why it would be sold as an ongoing cash cow that is providing a steady stream of income for Govt and Industry alike.

    It's like Perth Racing selling anything they can shift just to retire debt incurred by the incompetence of past administrations. Once it's gone, it's gone. You only have to look at the current situation of having sold the land, they still can't buy a round of drinks in real terms. Still got their hand out for cash every year and without RWWA supporting them, they would be destitute.

    If Corporate's are allowed to buy the WA TAB for such a low price, it will simply be the funeral announcement for a date to be fixed.


    I didn't take into account that Racing only gets 35% of the sale price !! $105M if they get the price they now think it's sale will bring.

    Why bother ? What a debacle. If that's all they get, there will be a mass exodus from the Industry and property sales will have dozens of listings.
  • meatpiemeatpie    87 posts

    $300M is a far cry from the $1BN that was talked about at one time. In fact if it was only to generate $300M I couldn't understand why it would be sold as an ongoing cash cow that is providing a steady stream of income for Govt and Industry alike.

    It's like Perth Racing selling anything they can shift just to retire debt incurred by the incompetence of past administrations. Once it's gone, it's gone. You only have to look at the current situation of having sold the land, they still can't buy a round of drinks in real terms. Still got their hand out for cash every year and without RWWA supporting them, they would be destitute.

    If Corporate's are allowed to buy the WA TAB for such a low price, it will simply be the funeral announcement for a date to be fixed.


    I didn't take into account that Racing only gets 35% of the sale price !! $105M if they get the price they now think it's sale will bring.

    Why bother ? What a debacle. If that's all they get, there will be a mass exodus from the Industry and property sales will have dozens of listings.



    Why will there be a mass exodus?

    Rightly or wrongly the industry doesn't own the TAB, so any funds from the sale is extra investment and is set aside for infrastructure spending.

    the sale of the TAB isn't really the important issue IMO, the relevant issue is the agreement the industry gets from the purchaser which will fund the industry going forward. Remembering the purchaser will still have to pay the taxes to the state government.

    the consumption tax will see 15% come back to the industry I think.

    Think you jumping at shadows, but I agree the better the sale price the more for the industry for infrastructure spending. the important issue is the future funding arrangement going forward. Given the experience of Tassie and SA I think the negotiators should be well aware of potential short comings.

    Desperado, RIO dislikes this post.

  • paraleticparaletic    3,091 posts
    In relation to the last part of your comment, a few percentage points here and there could mean tens of millions of dollars in the purchase price of the asset. The govt wants the money, i dont trust them to protect the industry funding first and foremost, all they want is maximum value for sale price.

    Desperado, Bucks likes this post.

  • DamienWyerDamienWyer    6,895 posts
    If anyone involved in the process had an awareness, they wouldn't be sitting at the table talking at all.

    Desperado, meatpie likes this post.

  • meatpiemeatpie    87 posts

    If anyone involved in the process had an awareness, they wouldn't be sitting at the table talking at all.



    Regardless of whether you support the sale of the TAB, that train has left the station. it is rightly or wrongly a government asset, the decision to sell has been made.

    those that are involved in negotiating a path forward will/ are negotiating a deal that supports funding of the industry. I am sure that the lessons of Tassie and SA are resonating.


  • H-BOMBERH-BOMBER    7,007 posts
    Did i miss it somewhere, who bought it?
  • TheDivaTheDiva    11,382 posts
    dont know, but mcgowan seems pretty sure as he's spent the money on the new women's hospital...

    paraletic, RIO likes this post.

  • TiversTivers    6,943 posts
    edited May 15
    Listened to a radio interview with him on it.
    He admitted that although they had allocated the money, in theory, in this budget - any actual sale was wayyyyyyyyy off, and at this point nothing more than a pipe dream.

    Would suggest the proposal was nothing more than timely to give Federal Labor a boost locally at election time.
    Once election done it will be retracted, and will half of Shortens Trillions of $ of spending promises.

    psycho, The_Bull likes this post.

  • H-BOMBERH-BOMBER    7,007 posts
    So there is no sale on the table, but a carefully worded promise about allocating funds when it is sold?

    RIO likes this post.

  • TiversTivers    6,943 posts
    Correct
  • H-BOMBERH-BOMBER    7,007 posts
    Cool cool cool
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