Tag: owners

HISA Invites Applications To Join Horsemen’s Advisory Group

Edited Press Release

The Horseracing Integrity and Safety Authority (HISA) is now accepting new applications for experienced industry experts to join HISA's Horsemen's Advisory Group. The Advisory Group was formed by HISA in 2022 to provide formal feedback to HISA's executive team and standing committees on the implementation and evolution of its Racetrack Safety and Anti-Doping and Medication Control (ADMC) regulations. The Advisory Group has been responsible for recommending a number of substantive modifications to the HISA Rules that were ultimately approved by the HISA Board.

Now that 18 months have passed since the Advisory Group's establishment, HISA is beginning the process of rotating members off to allow new perspectives to join. Five members will rotate off on May 1, 2024, and another five will rotate off on Nov. 1, 2024.

HISA is inviting all racing participants who wish to be considered for membership in the Advisory Group to email horsemensadvisory@hisaus.org indicating their interest and qualifications by Friday, Apr. 5, 2024. Applicants should also indicate whether they would like to be considered for the next round of openings in November 2024, should they not be selected to join in May 2024.

The Advisory Group's membership includes trainers, owners, veterinarians, backstretch employees and representatives of racing offices and aftercare initiatives who collectively represent a wide variety of viewpoints across racing. Advisory Group members are expected to join monthly virtual (and occasionally in-person) meetings with HISA leadership to provide feedback on HISA's rules and processes, as well as be available to weigh in on time-sensitive issues affecting horsemen as needed.

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LA-Breds To Race For Nearly $6m In Stakes Purses This Year

The Louisiana Thoroughbred Breeders Association will have a nearly $6,000,000 stakes schedule this year the LTBA announced Tuesday. Offered over 67 stakes races, of which 33 will offer a purse of over $100,000, the purses are part of a continuing program to support accredited Louisiana-breds along with incentives for breeders and stallion owners.

“We are proud to offer a dynamic stakes program that provides a year-round schedule for Accredited Louisiana breds,” said LTBA secretary-treasurer Roger Heitzmann III. “Our owners and trainers have found this to be a tremendous benefit, and we are thankful to have four tracks that do great job of supporting Louisiana breds”

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HRI Reports “Strong” Figures In 2023 Despite Dip In Owners And Attendance

Horse Racing Ireland chief Suzanne Eade says the figures posted in 2023 in relation to on-course betting, commercial sponsorship and public auction bloodstock sales points to a solid year for the industry as a whole in Ireland. 

However, in the full-year statistics released by HRI on Thursday, it showed that the total number of active owners in Ireland has fallen by 1.2% to 4,698 and racecourse attendance figures have also dipped compared to the numbers posted in 2022. 

Total on-course betting, including Tote, rose to €80.5m in 2023, an increase of 5.9%. Bookmaker betting on-course increased by the same percentage to €69.8m, a figure comprising €59.9m, up 5.1%, in the betting ring and a turnover of €9.9m in the on-course SP shops, up 11.2% on the previous year. 

Total Tote betting, incorporating the World Pool meetings at the Curragh on Dubai Duty Free Irish Derby Day in early July and the opening day of the Irish Champions Festival at Leopardstown in September, has risen by 9.6% to €78m. Betting on-course with Tote is up by 5.6% to €10.7m. Off-course betting receipts amounted to €102.6m, a slight increase on last year's figure of €102m.

There was also a rise in the figures relating to commercial sponsorship. That figure rose by 8.8% to €6.3m with EBF sponsorship coming in at €2.67m, up 3.1% on last year. Bloodstock sales at public auction increased by 7.5% to €231.5m, the value of Irish-foaled export horses sold through auction is €333.7m while the number of countries to which Irish-foaled horses were sold at auction was 33.

Eade said, “These figures more than demonstrate that the Irish racing and breeding industry remains in a strong position despite recent challenges and the cost-of-living crisis that now extends into its third year. 

“Each has posed a particular threat and yet, with the support of Government and the industry's continued ability to attract foreign direct investment, the figures continue to hold up. A rise in the owner retention rate and in the number of horses-in-training point to a healthy product and will drive employment within the sector.

“Reported attendances in 2023 fell back by just under 1% to 1.236m. However, it was hugely encouraging that attendances at the major festivals were strong throughout the year.” 

While the total number of owners fell by 1.2% to 4,698, the number of syndicates has risen by 4% to 858. The number of companies registered as owners in Ireland is up 3.3% to 158. The number of new owners is down by 1.6% to 805 but encouragingly, the owner retention rate has risen to 73.7%, up 1.2% on last year.

Both the UK and the USA were deemed as key areas of focus for the Ownership Department and it is significant that the ownership base has risen in both countries, with a total of 357 UK-based owners, an increase of 7.5%, and 107 owners resident in the USA, up from 90 last year. The 2023 economic impact report, carried out on behalf of HRI by Deloitte, shows that Irish racing and breeding attracts over €550m in foreign direct investment each year.  

 

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Repole Issues Update on Owners’ Organization; `Amazed’ at Support

Mike Repole, who announced last weekend on CNBC's Spinster Stakes program that he was interested in forming an owners' association to address problems in the sport, issued an update on his progress Thursday night on the social media platform X.

The update reads, in its entirety:

“I am amazed and motivated at the overwhelming support that the new Association has received!!!!! I have a name for the association that is are awaiting final approval. Not only have so many people reached out for our cause to make the horse racing industry better, but I've had a few tracks and five current racing associations contact me expressing great interest in working together to make the sport better. A few things I'd like to address are: 1. Thoroughbred Retirement has always been incredibly important to me. I've owned thousands of horses over 20 years, and have always focused on being a positive example for thoroughbred retirement. Many times a horse is claimed away from you and it is out of your control what happens a year later or three years later. Even though I am a significant donor to Old Friends, New Vocations, Thoroughbred Aftercare. I and we can all do better.

2. I've been investing in horse racing for 40 years. The first 20 as a gambler and the last 20 as a owner & a gambler. Gamblers put up their money for the sport. We need to do A LOT more and better for the gambler. The way the tracks need to make money financially is to grow the handle not the takeout. We all love this great sport!!!!!”

After his initial statement, Repole was questioned about why he hadn't addressed Thoroughbred retirement and the gambler in his comments.

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