The Friday Show Presented By Woodbine: Highs, Lows And Takeaways From 2020 Triple Crown

The Paulick Report editorial team – publisher Ray Paulick, editor-in-chief Natalie Voss, news editor Chelsea Hackbarth and bloodstock editor Joe Nevills – takes a look back at this strangest of Triple Crowns in this week's edition of the Friday Show.

From the minute Churchill Downs officials announced in mid-March that the Kentucky Derby would be postponed until Sept. 5 because of the coronavirus pandemic, we knew this year was going to be different. I don't think any of us knew how different.

Kicking off with a distance-shortened Belmont Stakes June 20 and ending with a Preakness on Oct. 3 that may be remembered as one of the most exciting renewals in recent history, the Triple Crown had its share of highs … and lows. We may have learned a few things – some takeaways – from this year as well.

Watch this week's Friday Show below and let us know what your favorite memories were from the 2020 Triple Crown.

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The Friday Show Presented By Woodbine: Coming Soon – Horseracing Integrity And Safety Authority

Earlier this week, the Horseracing Integrity and Safety Act sailed through the U.S. House of Representatives with bipartisan support and is awaiting action by the Senate, whose majority leader, Mitch McConnell of Kentucky, is co-sponsor along with Kirsten Gillibrand of New York.The House version of the bill was co-sponsored by Reps. Andy Barr of Kentucky and Paul Tonko of New York.

McConnell has said he intends to get the legislation passed before the end of the year.

If that happens, what is the timeline for implementation of a new national Horseracing Integrity and Safety Authority the legislation would create to oversee all of the medication and safety policies for Thoroughbred racing in the U.S.? Who would comprise the governing body and how will those individuals be chosen? How will medication policy enforcement and drug testing overseen by the United States Anti-Doping Agency differ from the current methods employed by state racing commissions?

In this week's edition of the Friday Show, publisher Ray Paulick and editor in chief Natalie Voss try to answer some of the most frequently asked questions about this major development in the horse racing world.

Watch the Friday Show below:

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The Friday Show Presented By Woodbine: Historical Setback In Kentucky?

The shockwaves felt on Thursday when the Kentucky Supreme Court unanimously ruled against the claim that certain historical horse racing (HHR) machines constitute pari-mutuel wagering were felt all the way from the state capitol in Frankfort to financial markets on Wall Street.

In the immediate aftermath of the ruling – in a case brought to the courts by the anti-gambling Family Foundation – Kentucky Gov. Andy Beshear and state Senate majority floor leader Damon Thayer spoke out in support of historical horse racing wagering that has helped lift Kentucky purses to among the best in the nation.

Share prices in Churchill Downs Inc. – whose Derby City Gaming facility in Louisville generated the largest market share of the $2.2 billion wagered on historical racing in the last fiscal year – took a nearly 10% fall after the news broke. CDI officials issued a statement suggesting legislative relief may be needed in the wake of the Supreme Court ruling.

In this week's edition of the Friday Show, publisher Ray Paulick and editor-in-chief Natalie Voss assess what may happen next with historical horse racing in Kentucky.

Watch the Friday Show below.

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The Friday Show Presented By Woodbine: Bloodstock Markets In The Year Of The Pandemic

Bloodstock editor Joe Nevills joins publisher Ray Paulick on this week's edition of the Friday Show to talk about the state of the Thoroughbred market after completion of the recent Selected Yearlings Showcase at Fasig-Tipton and the early stages of the marathon September Yearling Sale at Keeneland.

Like many industries, the bloodstock market has had to adapt as a result of the coronavirus pandemic, with a wider embrace of off-site research and bidding from both domestic and international buyers who either were reluctant or unable to travel to Lexington, Ky., for the sales because of COVID-19.

The economics of live racing have been turned upside down by crowd restrictions, lower purses in some markets, and, for some owners, the joy of the game has been deflated by the “new normal,” which could lead to decreased participation in the auction market — at least in the short term. The results of the current Keeneland September Sale could have ripple effects on the upcoming breeding stock sales.

Finally, it's a big weekend of racing at Woodbine in Canada, highlighted by Saturday's $1-million Ricoh Woodbine Mile, and Nevills and Paulick go through the field for that Grade 1 turf fixture.

 

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