New York Thoroughbred Breeders | Horse Racing Free Tips

NY-Breds to Receive Increased Purses at Saratoga

New York-breds racing in open company at Saratoga this summer will be competing for increased purses, the New York Racing Association announced Thursday.

“NYRA is committed to supporting and enhancing the New York-bred program now and in the future,” said Frank Gabriel, NYRA SVP of Racing Operations. “These purse increases reflect the sustained growth of the New York-bred marketplace, while also rewarding owners already invested in the program.”

The purse for registered New York-breds running in select open-company races will be 30% higher than the purse offered for non-New York-breds. Additionally, New York State Breeding Fund Owner Awards and breeder awards will be paid on top of the 30% additional purse for registered New York-breds.

“The opportunity for registered New York-breds to compete for elevated purses in select open company conditions during the Saratoga meet, along with increases in breeder and open company awards provided by the New York State Thoroughbred Breeding & Development Fund reflect the commitment by New York's respective Thoroughbred racing stakeholders in continuing to elevate the New York-bred program,” said New York Thoroughbred Breeders, Inc. Executive Director Najja Thompson. “We are confident much of the money earned from these purse increases will be reinvested in New York-breds, starting with the Fasig-Tipton New York-bred Select Yearlings Sale in August at Saratoga.”

In open maiden special weight races, New York-breds will run for a purse of $136,500–with up to $23,751 NYSBFOA–while non-New York-breds will compete for a purse of $105,000.

In allowance levels, open first-level allowances will offer a New York-bred purse of $149,500 (up to $26,013 NYSBFOA) and a non-New York-bred purse of $115,000; open second-level allowances offering a New York-bred purse of $156,000 (up to $27,144 NYSBFOA) and a non-New York-bred purse of $120,000; and third-level open allowances offering New York-breds $162,500 (up to $28,275 NYSBFOA) and a non-New York-bred purse of $125,000.

“These purse bonuses directly benefit owners of New York-breds by incentivizing them to compete in our open-company program,” said New York Thoroughbred Horsemen's Association president Joe Appelbaum. “New York-breds have routinely competed and won at all levels throughout the nation. This program provides owners and trainers a real dollars and cents reason to leave the restricted New York-bred program. The benefits will accrue to, not only the connections, but to field size, handle and ultimately back to the purse account.”

The post NY-Breds to Receive Increased Purses at Saratoga appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Wanamaker’s New York-Bred Catalogue Online

The catalogue for the second annual New York-Bred Horses of Racing Age Sale hosted by the digital auction company Wanamakers, in conjunction with New York Thoroughbred Breeders, Inc., is now available online at wanamakers.com. Bidding will open June 8 at 8 a.m. ET, with the first listing set to close at 5 p.m. Subsequent listings will close in three-minute increments.

Highlights of the catalog include: Cinderella's Cause (Congrats), a 5-year-old racing/broodmare prospect who most recently won a first-level, state-bred allowance at Belmont Park and is entered to run June 1; Liberty Flame (Bellamy Road), a 4-year-old two-time winner who is eligible for allowance and starter conditions; Slant (Union Rags), an unraced 2-year-old who is half-brother to stakes winner and Grade III-placed Conquest Hardcandy (Candy Ride {Arg}); and Stewie (Exaggerator), an unraced 2-year-old colt whose dam is a half-sister to the multiple-graded stakes winner Nikki's Sandcastle.

The post Wanamaker’s New York-Bred Catalogue Online appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Interactive Map Showcases Horse Racing’s Economic Impact Across New York

Edited Press Release

We Are NY Horse Racing, a coalition of small businesses, labor unions, non-profits, and trade associations aligned to amplify the sport of horse racing's importance to the New York State economy, has released an interactive map visualizing the scope of horse racing's statewide economic impact. In addition to New York's 11 Thoroughbred and harness tracks, this new map displays 249 farms and businesses connected to the sport of horse racing.

“This new map clearly shows that upstate and downstate, New York is horse racing country through and through,” said Jack Sterne, We Are NY Horse Racing spokesperson. “Horse racing is at the core of hundreds of businesses across the state and is responsible for the livelihoods of thousands of New York families. As we head into the final stretch of budget negotiations, this map will help lawmakers understand that supporting a new Belmont is supporting their constituents–no matter what district they represent.”

According to an independent economic analysis previously released by We Are NY Horse Racing, the project to modernize Belmont Park would generate $1 billion in one-time construction-related economic impact and create 3,700 construction jobs. After the new Belmont Park is built, it will produce $155 million in new annual recurring economic output, sustain 740 new full-time jobs, and generate $10 million in new state and local taxes per year.

“Horse racing supports businesses large and small across the Empire State–from the nearly 100 trainers at Belmont that each employ dozens of New Yorkers, to those who transport horses, to the businesses that supply our sport,” said Joseph Appelbaum, President of the New York Thoroughbred Horsemen's Association. “As this map shows, building a new Belmont Park will boost local economies and help create good jobs in every corner of the state.”

The Belmont modernization project was included in Governor Kathy Hochul's Executive Budget Proposal as well as both the Senate and Assembly's One House budget resolutions.

“It's clear that the sport of horse racing is an economic force in New York State as strong as any Thoroughbred horse that races on our tracks,” said Najja Thompson, Executive Director of the New York Thoroughbred Breeders. “This sport sustains thousands of jobs for hardworking New Yorkers and a new Belmont Park would help keep New York's horse racing ecosystem strong and protect good jobs across the state.”

The post Interactive Map Showcases Horse Racing’s Economic Impact Across New York appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

A Tribute to Herb Moelis: Hooray for Hollywood

In the early 1980s your correspondent had the great fortune of having been a guest lecturer at a series of background seminars developed and hosted by Bradley Telias at the sometimes too precious New School in New York City's West Village. There were basically a couple of dozen people at each two-hour meeting, mostly people either wanting to get into Thoroughbred racing and breeding, or some who were already in the game but were eager to expand their knowledge.

The first year's class included Vivien G. Malloy, who became a close friend and client and went on to become New York's Breeder of the Year twice. She is still quite active at age 90 and has been Secretary/Treasurer of New York Thoroughbred Breeders, Inc., for many years.

The second year's class was attended by two members of a newly formed racing partnership who met in that endeavor and were ready to go on their own–after they would take their wedding vows. They were successful CPA and entrepreneur Herbert Moelis and real estate executive Ellen Avenna–a nice Jewish boy from Brooklyn and a strikingly lovely and elegant Italian lady from Queens. Welcome to New York!

Somehow the three of us managed to stay in touch and a few months later Herb and Ellen were seated behind me at a seminar sponsored by the American Horse Council in Washington, D.C., an event at which I'd been invited to address the topic of investing in limited partnerships and over-the-counter Thoroughbred racing and breeding endeavors. After a presentation in which I noted my deep skepticism about investing in public stocks unless they were very tightly drawn, I returned to my seat and Herb had this big grin on his face.

“That will shake a few people up, good luck!”

The editor of an industry magazine loved it, and asked permission to published it–after which I was fired as public relations consultant to a small Wall Street firm that was planning to issue stock in one of those new over-the-counter type companies.

Obviously, Herb had a point.

Many people in the industry soon came to know that when Herb Moelis spoke the truth, which was always, he was right. He and Ellen were in the process of developing their Candy Land Farm in Delaware and along the way they asked for my advice on their breeding plans. One of my recommendations was noted in the Oct. 11 edition of TDN is T.D. Thornton's strikingly perfect notice of Herb's passing last weekend in which Candy Land's longtime manager Mike Palmer gave a wonderfully detailed and accurate overall picture of Herb.

That was the recommendation that they claim a filly from the family of La Troienne for $20,000. When it came time to purchase a season for her to be bred in Herb and Ellen told me they wanted to go commercial and hoped to find a stallion that would get the foal into the 1993 Saratoga Yearling Sale.

“I'm looking to spend $50,000 on a stud fee,” he said to me, “which one do you recommend?”

I lifted my jaw off the ground and told him that at the most a foal might bring $125,000 at Saratoga and that he should look at a new “sleeper” stallion for a lot less money.

In the end they took my recommendation of Houston, a son of Seattle Slew who entered stud at $5,000–and the resulting foal topped the Saratoga sale in 1993 at $335,000. Herb and Ellen commissioned Anthony Alonso to paint the scene in the pavilion when the colt was hammered down with Herb and Ellen clearly visible at the left and surprise, yours truly clearly visible in the center. As a “thank you,” they had Anthony send me a copy, which has a pride of place in our apartment gallery.

By that time Herby and Ellen had formed Thoroughbred Charities of America in 1990, the history of which was nicely reported in T.D. Thornton's article but for these purposes needs more detail (go to https://www.tca.org/about/ and scroll down to History). By that time my wife and I had been invited to spend a weekend a year at Candy Land, and we were there when the first auction was held in 1990.

When they decided to move the event to a heated tent venue on the farm each January, I was stunned and honored when Herb and Ellen asked me to be the Master of Ceremonies, an honor I enjoyed for at least a dozen years.

Along the way I called him one day to discuss the upcoming party and he was in a hurry to get to the airport. I asked him where he was going, and he said California. I was surprised because he'd never mentioned such a trip before, so I pursued.

“Where in California?”

“Beverly Hills.”

“Really? Why?”

“My son is a financial guru and lives there.:

Because he knew by then how my brain worked, he just laughed when I said:

“Alright, you are now officially Hollywood Herb.:

Subsequently whenever we ran across each other at sales or other events, all I had to say was “Hello, Hollywood!” and he and Ellen would just beam.

Thus, with apologies to composer Richard A. Whiting who wrote the song for the 1937 movie Hollywood Hotel, I think anyone who's life was touched by Herb Moelis would gladly join in for a chorus of his wildly popular and widely used song, “Hooray for Hollywood.”

The post A Tribute to Herb Moelis: Hooray for Hollywood appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post