Thoroughbred Owner Conference’s Virtual Series Kicks Off March 2

Registrations are still being accepted for the seventh Thoroughbred Owner Conference, which kicks off Tuesday, March 2, at 2 p.m. ET as the first of a series of 10 virtual panels that will be held on the first Tuesday of every month for the duration of the year. The 2021 conference series is hosted by The Jockey Club and the Thoroughbred Owners and Breeders Association and presented by Bessemer Trust, Dean Dorton Equine, Stoll Keenon Ogden, and Stonestreet Farm.

The first panel, “The Economics of Racehorse Ownership,” is sponsored by Keeneland and will delve into accounting, tax, legal, and insurance considerations associated with racehorse ownership. It will also include information on the costs of ownership, the fundamentals of running a racing stable, and owner responsibility for aftercare.

Moderated by horse racing television analyst Caton Bredar, the panel will consist of owners George Bolton and Maggi Moss; Sarah Reeves, attorney and member, Stoll Keenon Ogden; and Jen Shah, tax director, Dean Dorton.

“With more than 650 guests already registered for the virtual Thoroughbred Owner Conference series, we are excited to kick it off with an expert group of panelists that will provide invaluable information for new and veteran owners alike,” said Gary Falter, project manager for OwnerView. “While we will be posting replays of every session, we encourage those interested in the series to register in advance to get the best experience and to be able to ask questions in real time that will be addressed at the end of each panel.”

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

OwnerView is a joint effort spearheaded by The Jockey Club and the Thoroughbred Owners and Breeders Association to encourage ownership of Thoroughbreds and provide accurate information on aspects of ownership such as trainers, public racing syndicates, the process of purchasing and owning a Thoroughbred, racehorse retirement, and owner licensing.

The need for a central resource to encourage Thoroughbred ownership was identified in the comprehensive economic study of the sport that was commissioned by The Jockey Club and conducted by McKinsey & Company in 2011. The OwnerView site was launched in May 2012.

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Rowman & Littlefield Purchases Eclipse Press Equine Book Division From TOBA

Rowman & Littlefield (R&L) has acquired the trade list from Eclipse Press, an equestrian publisher established by The Blood-Horse, Inc., in 2000 and based in Lexington, Ky.  The titles have been acquired from the Thoroughbred Owners and Breeders Association (TOBA), which had sole oversight of the Eclipse program since 2015.

Eclipse Press publishes titles dedicated to the enjoyment and welfare of the horse. The purchased publications range from practical aspects of hands-on horsemanship to equine art and retrospectives on the great Thoroughbred racehorses, rivalries, and races.  Among the titles acquired are more than 20 books in the “Thoroughbred Legends” series, featuring biographies of legendary horses such as Man o' War, War Admiral, Nashua, Secretariat, Alydar, Affirmed, Ruffian, Spectacular Bid, and Seattle Slew. Eclipse authors include Edward L. Bowen, Timothy Capps, Bill Heller, Sue McConnell, the late John McEvoy, Lenny Shulman, Milt Toby, and Bonnie S. Urquhart.

R&L's trade division will reissue selected titles under the Eclipse Press name beginning in Fall 2021.

Jed Lyons, CEO of Rowman & Littlefield, has had ties with Eclipse Press for some time. He says, “NBN used to distribute Eclipse Press for The Blood Horse organization. We remember those days fondly and are pleased to have Eclipse back in the family.”

“Eclipse Press served as an important part of TOBA for over two decades and many of its titles were highly acclaimed and well received by Thoroughbred racing enthusiasts,” said Dan Metzger, president of the Thoroughbred Owners and Breeders Association.  “We are excited to pass the torch to Rowman & Littlefield and look forward to seeing Eclipse Press books in the marketplace for years to come.”

Rowman & Littlefield is one of the largest independent book publishers in North America. Located just outside Washington, DC, the company has strengths in academic publishing in the humanities and social sciences, government and official data, educational publishing for K-12, outdoor guides, sports recreation and trade publishing.  Rowman & Littlefield publishes approximately 2,000 new books annually along with electronic editions.  R&L also owns National Book Network (NBN), which offers distribution services to other book publishers.  www.rowman.com

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Dobson: This Was Not The Year For ‘Big Changes’ In Graded Stakes Program

There's usually lots of teeth gnashing when the American Graded Stakes Committee announces its changes each December, but this year's press release from the Thoroughbred Owners and Breeders Association – the group that organizes the committee – was greeted with a collective yawn.

That's a good thing.

There have been years when historically significant races are given a harsh reality check with a downgrade (i.e., the Hopeful and Ruffian going from G1 to G2 in 2012, the Blue Grass and Wood Memorial from G1 to G2 in 2017, or the Vosburgh and Santa Anita Oaks from G1 to G2 in 2020). This was not one of those years.

The biggest change was the elevation of the Saratoga Derby Invitational to Grade 1 from ungraded for its third running in 2021. No races were downgraded from Grade 1 to Grade 2.

Everett Dobson, chairman of the committee, told the Paulick Report the consensus of the 11 members was to take a cautious approach when grading for the 2021 racing season because of how the coronavirus pandemic affected the racing schedule and both domestic and international travel for much of the year.

“We didn't feel this was the year to make big changes,” he said.

Dobson, who operates Cheyenne Stables and Candy Meadows Farm, pointed out that, while many races felt a negative impact from the pandemic, some tracks benefited when others were closed and forced to postpone or cancel some of their graded stakes.

The committee looks at the last five renewals of a race, so one good or bad year in terms of field quality will not make an overwhelming difference. But for those races that were run this year, the 2020 renewal will impact a race's average quality for the next five years and probably deserves an asterisk as the committee continues its work going forward in the next four grading sessions.

Also, according to TOBA's rules for the grading process, if a race “is substantially changed on the calendar (30 or more days), this will prompt a review and may result in a change of grade.” The committee can also change the grade of a race “if its distance is altered by more than one-eighth mile.”

I seriously doubt, however, if the Kentucky Derby or Preakness (moved by several months) or Belmont Stakes (shortened by three-eighths of a mile) were in danger of losing their Grade 1 status. Same goes for races that weren't run in 2020 because of the pandemic.

“If races have not been run in two successive years they are not eligible for grading,” said Dobson, adding this caveat: “This year, if a race was not run because of COVID, we gave them an extra year.”

While the committee used the same criteria that's been in place for many years (see end of this article for the TOBA Members Guide explanation), the pandemic did force the committee to work remotely via a two-day Zoom meeting instead of in person. As such, Dobson said, votes were done openly with a thumbs up or thumbs down whereas in the past they were done by secret ballot.

Additionally, just because some members of the committee are racing executives working for major tracks, Dobson said it would be wrong to conclude they vote in support of their own races when grade changes are under consideration.

“I can absolutely say they vote objectively,” Dobson said. “They work hard at understanding the big picture and do the best they can at leaving their biases at home when it comes to who they work for. They really help provide perspective. If a race looked particularly weak this time, what happened?

“In the case of New York,” Dobson continued, “some of their 2020 stakes races were weaker than they had been, but guess what? The Europeans couldn't ship over. Being able to understand from the racing secretary what was going on as we try to analyze a race is very valuable as we make our decisions.”

Beyond the nuts and bolts of grading races, Dobson said, the committee takes a 30,000-foot view of the entire program.

For example, in 1989, there were more than 83,000 races run annually in North America and 378 graded stakes. In 2019, there were 40,800 races and 450 graded stakes in the U.S. That's a 51% decline in races run but a 19% increase in the number of graded stakes.

“We spend a lot of time on that subject every year,” Dobson said. “We meet several times a year and that's always the No. 1 topic when we talk outside of the grading session. The first thing we did was analyze the foal crop. It is declining, but if you look at the numbers from The Jockey Club website, it's actually pretty stable in Kentucky (where the highest-quality foals are produced). Also, Kentucky-based stallions are now siring over 3,000 offspring foaled outside of Kentucky. Overall, the foal crop is down, but it's not a direct correlation as to quality. You have to dig a little deeper into what Kentucky is doing, and what New York and Florida are doing as far as quality. Despite that, we have brought down the number of graded stakes (from its peak).”

From TOBA Graded Stakes Members Guide: Information supplied to the members of the Graded Stakes Committee includes statistical data for the last five years for all eligible races indicating quality of the field based on 1) points assigned for best performance in unrestricted black type stakes (see Appendix A); 2) percentage of graded stakes winners in the field; 3) quality points achieved (see Appendix A) 4) the official charts of the five most recent renewals; 5) North American Rating Committee (NARC) Ratings; and 6) Thoro-Graph ratings. In addition, each renewal is identified by division, grade, distance, surface, purse, and number of starters. Members are expected to utilize this data, together with the knowledge drawn from their own experience, to make individual judgments as to the relative merit of the eligible races. Eight affirmative votes are required to upgrade any race and six affirmative votes are required to downgrade a race.

 

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American Graded Stakes Committee: Saratoga Derby Upgraded To Grade 1 Status

The American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association today presented its listing of U.S. Graded and Listed Stakes Races for 2021, the results of its annual grading session conducted Dec. 15 and 16. The committee evaluated races conducted after the 2019 Breeders' Cup through March 15 as normal and races after March 15 were evaluated as normal, as well, but took care to consider any pandemic-related circumstances that may have affected, positively or negatively, the 2020 renewal.

The Committee reviewed 849 U.S. stakes races with a purse of at least $75,000, and assigned Graded status to 445 of them, three fewer than were graded in 2020, and Listed status to 193 races. Three Graded races were upgraded; one new Grade 1 and four new Grade 3 races were named; 12 new Listed races were upgraded from non-Listed Black Type status. Fifteen races which carried Graded or Listed status in 2020 are no longer eligible for grading.

One race, the Saratoga Derby Invitational S. at Saratoga, was upgraded to Grade 1 status for 2021.

No races were downgraded from Grade 1 to Grade 2 for 2021.

Three races were upgraded to Grade 2 status for 2021: the Red Smith S. at Aqueduct and Franklin-Simpson S. and Kentucky Turf Cup S. at Kentucky Downs.

Three races were downgraded from Grade 2 to Grade 3 in 2021: the Knickerbocker S. at Belmont Park and Palos Verdes S. and Las Virgenes S. at Santa Anita Park.

Four races were upgraded to Grade 3 status for 2021: the Gulfstream Park Turf Sprint S. at Gulfstream Park; Tourist Mile S. at Kentucky Downs; and Caress S. and Saratoga Oaks Invitational S. at Saratoga.

Five races were downgraded from Grade 3 to Listed status for 2021: the Discovery S. at Aqueduct; Palm Beach S. and Rampart S. at Gulfstream Park; Red Bank S. at Monmouth Park; and Senator Ken Maddy S. at Santa Anita Park.

Twelve races were upgraded to Listed status for 2021: the CTT and TOC S. at Del Mar; Kentucky Downs Preview Ladies Turf S. and Kentucky Downs Preview Tourist Mile S. at Ellis Park; Pago Hop S. and Tom Benson Memorial S. at Fair Grounds; Dueling Grounds Oaks at Kentucky Downs; Oaklawn Mile S. and Oaklawn S. at Oaklawn Park; Desert Code S. at Santa Anita Park; Mahony S. at Saratoga; Suncoast S. at Tampa Bay Downs; and Kentucky Cup Classic S. at Turfway Park.

Five races were downgraded from Listed to non-Listed Black Type status for 2021: Correction S. at Aqueduct; Delta Mile S. at Delta Downs; Azalea S. at Gulfstream Park; Dixie Belle S. at Oaklawn Park; and John Battaglia Memorial S. at Turfway Park.

The Arlington Classic S., Arlington Matron S. and Stars and Stripes S. at Arlington Park; the C.E.R.F. S., Daisycutter H., Osunitas S. and Wickerr S. at Del Mar; Skip Away S. at Gulfstream Park; Maxxam Gold Cup S. at Sam Houston Race Park; Lone Star Park H. at Lone Star Park; Iowa Distaff S. and Saylorville S. at Prairie Meadows; and Adoration S., Black Pearl S. and Midnight Lute S. at Santa Anita Park were not eligible for grading in 2021.

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