OwnerView Thoroughbred Owner Conference Virtual Series Begins with Panel on Audits

The 2024 Thoroughbred Owner Conference hosted its first panel Mar. 5, with a discussion about how Thoroughbred owners can avoid, prepare for and survive an audit. The panel was sponsored by Mersant International.

Gary Falter, project manager for OwnerView, moderated the panel with guests Len Green, founder and chairman of The Green Group, and Frank Palino, Tax Controversy & Divorce Mediation, The Green Group.

The panel delved into the intricacies of how the Internal Revenue Service views horse and farm owners and how those owners can best prepare for tax season.

Other topics covered the importance of a business plan and an LLC, red flags for being audited, showing profit, and hobby and passive losses.

For the replay of Tuesday's Thoroughbred Owner Conference panel, click here.

Nine additional Thoroughbred Owner Conference virtual panels are scheduled for 2024. The next session, “Information Resources for Owners,” will be held Apr. 9 at 2 p.m. ET.

For the full schedule, click here.

There is no registration fee for the 2024 virtual conference series, but registration is required. For more information about the owner conference series, including the schedule of panels and registration, visit www.ownerview.com/event/conference  or contact Gary Falter at 859.224.2803 or gfalter@jockeyclub.com.

 

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Breeding Plans, Final Topic Of ’23 Thoroughbred Owner Conference Panel

Breeding plans was the topic for the 10th and final panel of the 2023 OwnerView Virtual Thoroughbred Owner Conference, which was held Tuesday, Dec. 5, The Jockey Club said in a release Thursday.

Panelists were Carrie Brogden, owner of Machmer Hall Farm; Alan Porter, founder of TrueNicks; and Mark Toothaker, director of stallions at Spendthrift Farm. The panel was hosted by OwnerView's project manager, Gary Falter.

Topics for the breeding panel included matings, nicking, conformation traits, inbreeding, broodmare preferences and stallion selection.

The first question to the panelists referred to the saying, “breed the best to the best and hope for the best.”

“I can't afford beautiful and pedigree, so I'm always going to lean more on the pretty side on my mares, and they may be just a little bit lacking on pedigree,” said Toothaker. “Buy the prettiest mare that you can afford.”

Brogden considers conformation to be extremely important when making breeding decisions. “It is the most important thing,” she said. “After years and years and years of being on the farm now, we started to see a trend where every single graded stakes winner off our farm, on the dirt, every single one was in the top 30 percent of physicals of our yearling crop.”

The Thoroughbred Owner Conference virtual panels will continue in 2024 with a full schedule available early in the new year.

Click here to watch the presentation and view videos from previous topics.

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Virtual Thoroughbred Owner Conference Planned for 2023

OwnerView outlined the 2023 schedule for its Thoroughbred Owner Conference, which will be held as a free series of virtual panels over 10 months. The conference series, hosted by The Jockey Club and the Thoroughbred Owners and Breeders Association and presented by Bessemer Trust, Stoll Keenon Ogden, and The Green Group, will be held on the first or second Tuesday of each month beginning in March.

“This new format began in 2021, and over the past two years it has been very successful in reaching new and existing Thoroughbred owners,” said Gary Falter, project manager for OwnerView.

This year's panels will be more interactive, including videos and open discussions. Panels will cover issues including accounting and creating a business plan in addition to new topics such as handicapping for owners, buying at public auction, corrective surgeries, and claiming.

The conference panels will be streamed live, and attendees will be able to ask questions during the discussion via typed messages that will be addressed at the end of each panel. Replays of the conference series panels will also be made available.

To watch the last two conferences, visit the OwnerView website: Library of past panels from Virtual Conferences.

There is no registration fee for the 2023 live or recorded virtual conference series, but registration is required. For more information, please visit www.ownerview.com/event/conference.

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Aftercare, Promotion, and Communication Highlighted at OwnerView Conference

Edited Press Release

The need to ensure responsible ownership at all stages of a racehorse's life was a recurring theme at this week's Thoroughbred Owner Conference, which was held July 25-26 in the 1863 Club at Saratoga Race Course. The event, which attracted more than 100 attendees, was presented by the New York Racing Association (NYRA) and hosted by The Jockey Club and Thoroughbred Owners and Breeders Association.

The keynote address of the conference was delivered by Stacie Clark-Rogers, operations consultant for the Thoroughbred Aftercare Alliance (TAA). Clark-Rogers summarized the evolution of aftercare over the last 50 years and its increased prioritization among those involved in the Thoroughbred industry.

“These programs in my opinion are greatly undervalued, and we could be doing so much more to connect people with retired Thoroughbreds, and in return, promote the horse, the industry, and the sport of horse racing,” she said.

“If we have learned anything over the last 20 years of aftercare initiatives, we all need to work together in all aspects of this industry, not just so the aftercare groups can succeed, but so the industry can be more accountable and thus succeed as a responsible, ethical sport.”

Other topics of focus at the conference included buying at the sales, selecting a trainer, equine safety, partnerships, and international racing. The second day of the event featured a panel composed of a family of jockeys: Dylan Davis was joined by his sister Katie and her husband, Trevor McCarthy, with an appearance by Dylan and Katie's father, former jockey Robbie Davis.

Tony Allevato, chief revenue officer for NYRA and president of NYRA Bets, opened the conference by describing efforts NYRA has made to improve the racing and ownership experience. For example, during NYRA's racing coverage on Fox Sports, the production team makes it a priority to interview owners before and after each race.

“It's important for us as an operator to make the experience as good as possible,” he said. “If an owner thinks that there's a chance that they can get on national TV, we think that adds to the experience.”

The conference began with a reception at the National Museum of Racing and Hall of Fame, and attendees enjoyed the races at Saratoga on Wednesday.

“After being postponed for two years due to COVID-19, we were delighted to finally bring the Thoroughbred Owner Conference to Saratoga for the first time,” said Gary Falter, project manager for OwnerView. “Competing at Saratoga is a dream for any Thoroughbred owner and a fitting location for this conference, where we provide existing, new, and prospective owners the opportunity to learn about all aspects of owning racehorses while facilitating networking with the industry's most prominent names.”

Tom Durkin served as the master of ceremonies. Participants on the panels included owners Tina Bond, H. James Bond Racing Stable and Song Hill Thoroughbreds; Michelle Borisenok, Old Tavern Farm; Peter Brant; Terry Finley, West Point Thoroughbreds; Tom Gallo, Dream Maker Racing; Len Green, D.J. Stable; Jack Knowlton, Sackatoga Stable; and others.

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