Racing in stronger position after wreckage of TVN collapse   Leave a comment

Racing in stronger position after wreckage of TVN collapse

As the media rights-holders prepare to decide the winning bidder for Victoria’s racing vision, the parties are united on one thing — they are in a much stronger position than they were when TVN collapsed.

Last Thursday, about 50 to 60 industry representatives took up their invitations to hear the presentations from Seven West Media and Tabcorp’s Sky Racing.

There were no shocks among the presenters, the roles left to those that have been involved throughout negotiations.

Seven West Media was first to roll out its presentation, built around a digital channel, dedi­cated to Victorian racing, going into homes nationwide. It would provide a high-quality telecast for punters that will also reach out to viewers and appeal to them to come to the state’s metropolitan and country carnivals, while also seeking to encourage fresh involvement in racehorse ownership.

Wagering is the focal point of both bids and Tabcorp, who hold the wagering licence in Victoria until 2024, are understood to be willing to pay on average $30 million annually for 10 years in return for the media rights.

In return, they will package Victorian racing on the Sky Racing and Sky Thoroughbred Central channels on their designated channels on Foxtel.

Without Seven West Media in the negotiations, Victorian racing would have been easy prey for Tabcorp, which would have offered significantly less.

Meetings will take place across the next week. Racing Victoria will make a recommendation to the Victoria Racing Club, Melbourne Racing Club, Moonee Valley Racing Club and Country Racing Victoria.

The boards and committees of each will consider all the information before announcing the winning bid. Race vision has been streamed by Racing Live, part of the industry-owned Racing.com website.

TVN or ThoroughVisioN, the company owned by the Australian Turf Club and Victorian metropolitan and country bodies, was attempting to strong-arm Tabcorp’s media affiliate into a long-term deal when it spectacularly crashed and burned on Christmas Eve.

Given the NSW wagering licence sits with Tabcorp for 90-odd years, the ATC and Racing NSW saw their future with Sky Racing. The Victorians were asleep at the wheel.

Even in March, when TVN’s racing channel 522 ceased to exist on Foxtel, there were grave ­concerns they may not make a full recovery. Time can be a great healer. Now the time has come to make a decision that will determine the long-term health of Victorian racing.
● The favourites installed last Saturday for both the Queensland Derby and Stradbroke Handicap next weekend will not take their place, causing a market reshuffle.

Queensland Oaks winner Winx was trimmed from $7 to $2.90 after her barnstorming victory but trainer Chris Waller wants to spell her for the Myer Classic (1600m) on Derby Day at Flemington in the spring.

Kiwi colt Werther is the $4 favourite after beating the older horses in the Eagle Farm Cup. After a late-entry fee of $30,000 was paid last week, Najoom rocketed to $4 in the Stradbroke market but she hasn’t recovered from a leg injury and has been scratched. Corey Brown has been booked to ride explosive filly ­Lumosty, now on the top line of betting at $5.

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Posted June 1, 2015 by belesprit09 in Uncategorized

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