New Zealand racing has been left with a massive cost blowout and little to show from a multi-million dollar project involving a Racing Australia data system, which was designed to help re-invent the New Zealand Stud Book.
The troubled project, officially put on hold by New Zealand Thoroughbred Racing but with little hope of being revived, has raised tensions between the two national racing bodies, with NZTR left to carry the $4 million in costs.
The proposed venture, which involved New Zealand racing authorities utilising the ‘Single National System’ (SNS) that underpins both Racing Australia’s racing operations and the Australian Stud Book - was touted to be launched last October.
But despite the project costing twice as much as was originally budgeted, NZTR confirmed in its most recent annual report it was on hold.
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