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Fasig-Tipton To Sponsor Record Best Turned Out At Saudi Cup

Fasig-Tipton will sponsor a world-record Best Turned Out prize of $2,666 (SAR 10,000) for the world's richest race, the Group 1, $20 million Saudi Cup Feb. 24, the auction house said in a release early Friday.

Best Turned Out honors for each of the remaining eight races of The Saudi Cup Saturday card will also be offered, with prizes of $667 (SAR 2,500) to each winning groom. Fasig-Tipton will be represented on site by Anna Seitz (Director of Client Relations) and Michael Adolphson (Middle East Representative), who will help judge the contests.

The Saudi Cup's Saturday card boasts $33.5 million of the global showcase's record $37.6 million in purses, including two Group 1s. Seven Fasig-Tipton graduates will compete, topped by Power In Numbers (Girvin), Scotland Yard (Quality Road) and National Treasure (Quality Road) in G1 Saudi Cup.

Christopher Bevan, Chief Commercial Officer of the Jockey Club of Saudi Arabia, said, “The racing industry is built around the people who take such good care of our equine athletes and we are very pleased to join forces with Fasig-Tipton to honor and recognize their efforts on our biggest race night of the year.”

“The Saudi Cup has stamped itself as one of the world's great race meetings and we are honored to take part, especially with so many great horsemen in the region having supported Fasig-Tipton over the years,” said Boyd Browning, President and Chief Executive Officer of Fasig-Tipton.

We are thankful to the Jockey Club of Saudi Arabia for not only being part of our growing and gratifying relationship with the Middle East, but also allowing us to reward those who work so hard taking such great care of the beautiful animals so integral to our lives.”

Fasig-Tipton will also offer $2,666 (SAR 10,000) in Best Turned Out prizes on King Abdulaziz Cups Day, Mar. 9, including $400 (SAR 1,500) for both of the King Abdulaziz Cup races.

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KHRC Rules Committee Recommends Tweaks to Partnership Requirements

The rules committee of the Kentucky Horse Racing Commission (KHRC) on Tuesday advanced a recommendation to amend the state's horse ownership regulations to do away with a requirement that no more than five individuals can be licensed as owners of a single horse.

In addition, a separate tweak would codify that up to 10 individual owners or entities may be listed in the track program as owners of a single horse. That limit was previously five, and it was based on the above-referenced regulation that also stated if more than five individual persons owned interests in a horse, one person was to be named as the licensed representative.

But now, in any horse ownership involving two or more owners, one of the members would have to be designated as the licensed principal owner.

And yet another change would do away with the requirement that partnership groups “shall” register with the commission. The recommended amendment would require partnership registration only “if requested by the stewards or the commission.”

Another subtle shift has to do with any kind of joint venture, such as stable names, partnerships or corporations. The new language would state that they “may be listed in the program with the principal owner's name shown parenthetically.”

The KHRC rules committee approved all of those proposed changes by unanimous voice vote at the Apr. 11 meeting. The measures still must be acted upon by the full KHRC board before they go into effect.

“What we're suggesting is that we change [the existing rule] to state that there's no specific limit on the number of people who can be licensed,” said Jennifer Wolsing, the general counsel for the KHRC. “But if we have more than two people who own interests in a single horse, then they have to designate a member of that partnership to be the licensed principal owner.”

And in terms of partnerships and their registration, Wolsing added, “We are basically saying these partnerships do not have to register unless requested by stewards of the commission itself.”

Furthermore, if you are a syndicate or partnership member who owns a very minor or micro-share of a horse, but would like to still be licensed individually, there is nothing stopping you from doing so.

“Anybody [other than the principal owner] who is in that partnership can obtain a license by going to the license office [and] writing the horse's name on an application,” said KHRC chief state steward Barbara Borden. “But I don't think [the stewards] would require anybody who hasn't divulged ownership [via syndicate] in the horse to obtain a license.”

The KHRC rules committee first took up this subject back in January, when KHRC commissioner Charlie O'Connor said he had “been approached by several ownership groups that we make room for more names” in the program.

“As syndicate groups in this country are becoming a big deal, [people] who invest their money in the horse business want to see their name on a program,” O'Connor said at that time.

The KHRC rules committee couldn't come up with an immediate solution at the January meeting. But now, three months later, O'Connor said he was pleased with the proposed rule amendments.

“I think that covers what we're trying to achieve here, because we've all been blown up about this,” O'Connor said. “It's a very important thing for these owners.”

Anna Seitz, a rules committee member who works with Fasig-Tipton and with international syndicates, said “I think it will help get new owners, honestly.”

Prior to the meeting's adjournment, Seitz floated another idea: Would there be any chance that Kentucky might swap out its annual license renewal requirement and go to three-year licensure, like in New York?

Frank Jones, Jr., a KHRC commissioner who chairs the rules committee, said he wasn't sure why the requirement exists as a one-year renewal. But he agreed that the committee should look into it.

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TOBA Outlines Speakers for Oct. 24 Clinic

The Thoroughbred Owners and Breeders Association announced the roster of speakers for its Pedigree & Conformation Clinic at Fasig-Tipton, held Monday, Oct. 24, in Lexington during the Kentucky October Yearlings sale. The event, sponsored by Lexington Equine Medical Group and the Retired Racehorse Project, offers insight on different aspects of Thoroughbred auctions, including bloodstock, pedigree and conformation analysis, and more from industry professionals.

The topics and speakers at the clinic include:

Horse Selection & Working with your Bloodstock Agent, presented by Chad Schumer (Bloodstock Agent)
The Role of an Auction House and the Auction Process, presented by Anna Seitz Ciannello (Fasig-Tipton, Director of Client Relations) and Leif Aaron (Fasig-Tipton, Director of Digital Sales)
Yearling Prep for the Sales, presented by Katie Taylor (Taylor Made, Vice President of Operations)
Equineline & Pedigree Resources, presented by Susan Martin (The Jockey Club)
A Veterinarian's Role in Public Auction, presented by John G. Peloso, DVM, MS, Diplomate, ACVS (Equine Surgeon)
The TOBA Pedigree and Conformation Clinic provides participants with a deeper understanding of the Thoroughbred pedigree and conformation. The clinic is open to the public, with a special discount for TOBA members. Meals, materials, and a TOBA gift bag are included with registration.

Registration is available online, until Saturday, Oct. 22, at: www.toba.memberclicks.net/seminars-clinics.

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Fasig-Tipton Promotes Seitz and Ferraro

Anna Seitz and Evan Ferraro, both long associated with Fasig-Tipton, have been promoted within the company and will assume new roles. Seitz, most recently the Client Development and Public Relations Manager, has been promoted to Director of Client Relations. Ferraro, who most recently served as Recruiting and Marketing Manager and was previously a Sales and Recruiting Associate, has been promoted to the Director of Marketing.

“Anna and Evan are both exceptional members of the Fasig-Tipton organization,” said Fasig-Tipton President Boyd Browning. “Not only are they very talented individuals with tremendous skills, but they also have a great passion and commitment to the Thoroughbred industry. It is a privilege to work with them and I look forward to seeing them grow and succeed as they take on increased responsibilities with our company.”

Seitz first joined Fasig-Tipton as a Marketing Assistant and Client Coordinator. Her new responsibilities will be to develop and manage relationships with new and existing buyers and sellers. She will continue to play a significant role in horse recruitment and oversee Fasig-Tipton's sponsorship and hospitality sectors.

Ferraro originally joined Fasig-Tipton as an intern in 2008. He will oversee the company's marketing program, as well as continue his roles in horse recruitment, client management, and as a selected sales inspector.

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