John Deere, Keeneland, Jockey Club, Are Eclipse Presenting Sponsors

John Deere, Keeneland, and The Jockey Club will be presenting sponsors of the 52nd Annual Eclipse Awards, honoring Thoroughbred racing's champions of 2022, to be held Thursday, Jan. 26, 2023, at The Breakers Palm Beach, the National Thoroughbred Racing Association announced Wednesday.

“We are grateful to John Deere, Keeneland, and The Jockey Club for their partnership in serving as this year's presenting sponsors for the Eclipse Awards,” said Tom Rooney, President and CEO of the NTRA. “We're very excited to welcome the Thoroughbred industry to The Breakers to celebrate the best of the best of this year's finalists. This event would not be possible without our presenting sponsors or our large number of official partners, and we are very appreciative for their support.”

In addition to the presenting sponsors, many other organizations have pledged their support and are serving as official partners of the event. Official Partners for the event include 1/ST, Breeders' Cup, Churchill Downs Incorporated, Daily Racing Form, Dean Dorton Equine, Del Mar Thoroughbred Club, EquinEdge, FanDuel, Four Roses, Florida Thoroughbred Horsemen's Association, Florida Thoroughbred Breeders and Owners Association, Hallway Feeds, Jackson Family Wines, Monmouth Park, The New York Racing Association, Oaklawn Park, Palm Beach Kennel Club and Poker Room, Racetrack Television Network, Rood and Riddle, Thoroughbred Owners and Breeders Association, and the Thoroughbred Owners of California.

 

The post John Deere, Keeneland, Jockey Club, Are Eclipse Presenting Sponsors appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Jockey Club To Make Record Prize Money Contribution In 2023

Officials at The Jockey Club have announced that it is budgeting to make a record executive contribution of £31.1 million for 2023. That figure is ahead by £2.7 million year-on-year and continues the upward trend of the last decade, where fully 93% of The Jockey Club's financial growth has been reinvested back into prize money (between 2012 and the pandemic, The Jockey Club has grown its core operating profit before prize money by £10.6 million per annum and put £9.9 million–93.4%–of this into prize money).

The 9.5% rise in the executive contribution is that latest in a series of increases which has seen the figure grow by 141% over the last 12 years. Even working in an inflation adjustment, this is the most significant area of reinvestment in this time period for The Jockey Club, which is governed by Royal Charter to reinvest every penny it makes in profit back into British racing.

The executive contribution will ensure that total prize money at The Jockey Club's 15 racecourses exceeds £59 million in 2023, despite a number of financial challenges facing the sport and leisure industry and the significant impact COVID-19 had on the organisation's profits in 2020 and 2021. This figure is £1 million more than in 2022 and shows only limited growth year-on-year due to the reduced central industry funding.

“At a time when horseracing, like so many other aspects of British life, is facing such serious financial headwinds, we are pleased to be able to announce this record executive contribution towards prize money,” said Nevin Truesdale, chief executive of The Jockey Club.

“Breaking through this £30-million barrier for the first time is a milestone we have been striving for and is testament to the hard work and dedication of The Jockey Club's teams all over the country. While it has been challenging to achieve against the backdrop of factors like rising energy prices and the cost-of-living crisis, both of which continue to impact British racing and our own finances, increasing our own contributions to these record levels has been essential in order to grow overall prize money levels slightly in comparison to 2022.”

Explaining the importance of prize money to the future of horseracing, Truesdale added: “The passion and support of all our participants, trainers and owners is crucial if British racing is to thrive for generations to come and prize money plays a really important role in the wider economics of our industry and the jobs that it supports across the rural economy.

“While we continue to demonstrate our ongoing commitment to and investment in prize money at all levels of the sport, I am in no doubt that horseracing will continue to face significant financial challenges in 2023.

“British racing is facing many of the same financial headwinds that continue to affect families, businesses and other industries and that is making generating revenues to reinvest back into our own sport incredibly challenging. However, we will continue to do everything we can to drive engagement, grow our fan base and increase attendances for the good of horseracing as a whole and, in turn, prize money in the future.”

The Jockey Club also continues to invest in many other areas of the sport, with projects in 2023 expected to focus on the wider industry Weighing Room project, continued investments in equine welfare and improving the raceday experience for participants, owners and racegoers.

Charlie Liverton, chief executive of the Racehorse Owners' Association, added: “The ROA welcomes the increase in Executive Contribution in 2023 from Jockey Club Racecourses and their continued investment in prize money.

“Owners consistently tell us that prize money plays a central role in determining the level of their investment in the sport and by increasing their Executive Contribution by 9.5% in 2023, off the back of record high prize money levels in 2022, The Jockey Club continues to recognise the importance of continued investment in prize money. The coming year will see some difficult economic headwinds for businesses and consumers, and we look forward to working with The Jockey Club and the wider industry to navigate these challenges.”

Ralph Beckett, the president of the National Trainers' Foundation, commented: “At a time when all businesses in the sport face significantly increased costs, it is important that we try to avoid owners footing the whole bill. Given this, The Jockey Club announcement that they will increase their Executive Contribution despite increases to their costs is very welcome and will help trainers to attract and retain owners in the coming months.”

Prize money figures announced by The Jockey Club today are budgeted and subject to abandonments and potentially significant economic changes. Values for specific races and fixtures will be confirmed and announced in due course.

The post Jockey Club To Make Record Prize Money Contribution In 2023 appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Op/Ed: The System Has Failed

“Twelve-thousand dollars going once…twice…SOLD!” It was the Keeneland November Sale and for the second time in a year I had to watch my big beautiful chestnut mare slip out of reach. The former black-type runner was vanned 2,100 miles away to her next venture as a broodmare prospect despite having previously failed to conceive.

Six years later, I would be paying that mare's bail from a Texas livestock yard after she failed to produce but one foal who has yet to race. A graded stakes-placed mare from humble beginnings with six-figure earnings was reduced to a whopping $1,500 valuation of literal horse flesh.

What happened to the funding and the programs designed to prevent this from happening? Where were the aftercare advocates? At the end of the day, I was the only one left–an average racing fan who became her advocate.

Let's start from the beginning.

I first met Ragdoll on the backside of Monmouth Park. She was a big-boned, imposing filly standing at 16.3 with a stellar physical. The kind of filly that makes you do a double-take because surely, she was actually a colt, but her delicate face and doe-eyed expression gave her away every time.

In the barn she was sweet natured and affectionate, willing to hang her head over the stall door eternally if you held it just so. I spent two summers doing just that.

On the track, her heavy legs lumbered beneath her and she lacked the turn of foot of her nimbler, light-boned counterparts. Eager to please, she came down the stretch like a freight train when asked and found herself rising up the ranks, even hitting the board in a pair of graded stakes. That was the end of us.

I knew our racetrack romance would end if she made black-type; she would be more valuable as a broodmare than anything else. My lofty hope of owning her when her racing career ended would never come to fruition. She was privately sold for $70,000 to a breeding farm in Kentucky.

A couple of years would pass and I had the opportunity to visit Ragdoll after reaching out to her new owners. They were kind enough to welcome me to the farm where I was able to soak in the expansive bluegrass hills she now called home. Despite my loss, I was genuinely happy this was her new life.

My visit coincided with the farm veterinarian doing follicle scans on the mares and I watched as the team gave a forlorn sigh after ultra-sounding Ragdoll. I learned she had not been successfully bred, not even a failed embryo. Nothing at all. She simply wouldn't take.

The Falstaff of their Shakespeare, I chimed in, “You know who to call if she needs a home!” but wished them the best as they continued their efforts.

After arriving back home, I followed up with the farm, offered my gratitude for the visit and (more professionally) reiterated my desire to purchase her if things didn't go their way.

As fate would have it, the next year I found myself down a similar path–trying to conceive a child with equally devastating results. I have never been so exhausted in my life; emotionally, physically, psychologically…I was running on empty in absolutely every capacity.

Ragdoll when she first returned home with Forbes in October | Nicole Forbes photo

Eager for a distraction, I decided to lookup Ragdoll on various online information systems and lo and behold, she was listed in the upcoming Keeneland November Breeding Stock Sale.

Shocked, I pulled up her catalog page and saw the big bold letters at the footer “believed to be NOT PREGNANT” after being covered by four different prominent stallions that year. My heart ached for her and the unexpected barren road we both found ourselves on. If this wasn't a sign (albeit a very sad, hormonally surged one) I don't know what is, but this time she was going to be mine.

I immediately applied for credit with Keeneland and was promptly, and rightfully, denied. My meager per-diem racing marketing gig left more of a jingle in my wallet than padding. I turned to my father-in-law, a former trainer and respected horseman who once owned a part of this very mare, and pleaded for guidance.

Wise and soft-spoken, he listened as I cried on the phone for longer than either of us expected before stating, “Well, sounds like this is something you need to do.”

We agreed on a maximum bid of $10,000. Ten thousand dollars that I did not have, but would walk the ends of the earth to repay him for.

“It's only money,” he said and repeated to me again and again as if it were a mantra. I scoffed– only money. But I leaned into like it was a life raft and…swam with it.

The gavel went down and the rest is history. I was outbid by $2,000. I had been so close.

Not shy of persistence, I emailed the purchasing agent within minutes of her sale and disclosed everything I knew of her breeding history; I'd save them the trouble and offered to buy her flat out. The gentleman politely declined and guaranteed me “she'd have a home for life” regardless of the outcome of her broodmare career.

He was right. She would have a home for life. But no thanks to him.

This past September I received a cryptic Facebook message from someone with whom I was unfamiliar. It included a link to a horse's profile from a livestock auction in Texas, a well-known hub of killer buyers, alerting me a former racehorse was in the slaughter pipeline and listed for sale by weight.

It was my chestnut mare. Ragdoll had reached the end of the line.

It took a dozen individuals–a complete stranger from social media, three Thoroughbred aftercare executives, two racing executives, a racing insider, a horse hauler from Oklahoma, two family members and a literal guardian angel to get this mare home.

All because a racing fan was her advocate.

Where were we? The industry that so relied on her to bolster their pocketbooks; the industry that should be behind each and every one of the Thoroughbreds that ends up in this scenario, of which there are plenty.

The system has failed.

We've been playing economic checkers for a century when we should have been playing chess. Excluding the upper echelon of racehorses, each horse is measured as a one-to-four-year commitment and turned over as such. In actuality, every Thoroughbred is a 25-year commitment. At minimum.

How the industry continues to rely on 501(c)(3)'s to pick up our failed promises is astonishing and yet in Atlassian fashion, they continue to hold the burden.

A happier, healthier Ragdoll bonding with Forbes's daughter Avery | Nicole Forbes photo

Grass-roots efforts have provided a lifeline for us (and an innovative one at that–a broodmare division at the Retired Racehorse Project's annual Thoroughbred Makeover, giving these mares the chance at a third career?! *applause*) but the truth of the matter is their efforts are not to scale and may never be. There simply aren't currently enough funds or enough farms to support the number of retired athletes of our sport.

Only very recently has the idea of a “lifetime guarantee” been spreading among noteworthy breeding farms and syndicates who have pledged to care for a horse for its entire life, whether that is by partnering with rehabilitation and retraining facilities or by permanently retiring the horse on their property. Something, I daresay, that strikes me as incandescently sad to be so novel.

As of late, there is also at least one racing entity (1/ST Racing) that has included aftercare liaison managers in their business model, and during our two-day Championship series, thousands is pledged to the flagship of aftercare and retraining that is New Vocations. It's progress.

But what about the other 363 days of the year? The other racing jurisdictions?

Some jurisdictions do give beyond the required race day “aftercare taxes” comprised of per-start fees and a miniscule percentage of handle (of which the legislation varies state to state and is extremely convoluted to say the least) but the fact it is unregulated and voluntary is problematic.

Ultimately though, it starts at the top. The economic model is not viable and is past due for a complete overhaul.

The per-start fees are not enough. The registration fees are not enough. Our big ticket donations made during racing's spotlight moments and fundraising in general are not enough.

I implore The Jockey Club, HISA, NTRA and any jurisdiction that oversees our Thoroughbred athletes to reconsider the fundamental economics of the racing industry and how best to build aftercare into the founding principles of our sport, instead of as an addendum.

Fans cannot be their only advocates.

To be frank, it might be too late. I'm honestly not sure if we can act fast enough on an industry-wide solution to eliminate this crisis. And crisis it is–no matter how neatly swept the room may seem, there's a mortuary under the rug.

For a sport whose marquee race owns the title of the “oldest continuously held sporting event in America,” how are we still in the starting gate when it comes to aftercare?

The post Op/Ed: The System Has Failed appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Inaugural Big Data Derby Winner Announced

The New York Racing Association, Inc. (NYRA) and the New York Thoroughbred Horsemen's Association (NYTHA) announced that a team led by Brendan Kumagai has been selected as the winner of the inaugural Big Data Derby competition, beating out 105 other submissions for first prize. Kumagai, together with Gurashish Bagga, Kimberly Kroetch, Tyrel Stokes, and Liam Welsh, took the $20,000 first prize with the submission, “Bayesian Velocity Models for Horse Race Simulation.”

Kumagai's team created a dynamic model that focused on horses' forward versus lateral speed and examined the results of sustained momentum and velocity within races. The team also studied jockey performance and how that would impact a horse's running style in addition to biometric data, leading to the possibility of calculating a horse's welfare and injury probability.

“We're honored to be named the winners of the inaugural Big Data Derby competition,” Kumagai said. “Our team primarily works in financial analytics and hockey statistics, so working with horse racing data has been a unique challenge which allowed us to apply our skills to a relatively new and unexplored domain.”

The Big Data Derby was launched with the goal of analyzing the vast amounts of data available to racing organizations, and to understand how the results of those studies could impact traditional methods of racing and training. The competition was sponsored NYRA and the NYTHA in partnership with the Kentucky Thoroughbred Association, Equibase, The Jockey Club, Breeders' Cup and the Thoroughbred Owners and Breeders Association (TOBA).

Other models in the competition shed light on injury prevention, jockey decision making metrics, race tactics, track bias and more. Kumagai, a Data Science intern at Zelus Analytics, was previously part of a team that won the 2022 Big Data Bowl offered by the National Football League. The competition was judged by data analyst Rob Bingel, Rhodes College Economics Professor, horseplayer and thoroughbred owner Marshall Gramm, and Craig Milkowski of TimeformUS.

An open notebook of user-created content and data can be viewed at: https://www.kaggle.com/competitions/big-data-derby-2022/code.

The post Inaugural Big Data Derby Winner Announced appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Verified by MonsterInsights