Michael GuerinRacing Editor·NZ Herald·5 Jun, 2026 06:00 PM7 mins to read‌Race clubs don't yet know what stakes they can offer next season. Photo / Trish DunellRace clubs don't yet know what stakes they can offer next season. Photo / Trish DunellThe New Zealand racing industry is on the verge of a financial crisis that could see stakes slashed while iconic race tracks are slated for closure as the two equine codes face potential combined budget deficits of over $20 million next season.

And it looks increasingly unlikely TAB NZ will