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UK Thoroughbred Industry Economic Impact Study Begins

A third UK Thoroughbred industry economic impact study began on Friday, following confirmation of funding support from the Horserace Betting Levy Board (HBLB). The third study of its kind was commissioned by the Thoroughbred Breeders' Association (TBA), with additional financial support from the Racing Foundation, and will provide an up-to-date audit of the British market, analysing the impact of wider economic and political factors to identify emerging challenges and opportunities. PwC has been appointed to conduct the study. The wider racing ecosystem will also be explored in the study, including the source and size of its horse population, international trade and subsequent impact on the future racing programme.

Claire Sheppard, TBA Chief Executive, said, “We are incredibly grateful to the Levy Board and the Racing Foundation for their support of this vitally important piece of work. The previous studies enabled us to firstly assess the environment in which thoroughbred breeders were operating in, but also provide evidence to build our long-term strategies. Both the emerging and more established trends in these reports demonstrated areas of the sector at risk, which were subsequently addressed by the introduction of initiatives to influence market behaviour and assist the industry.

“This third study will give us an up-to-date overview of the market and allow us to monitor the influence of industry incentives such as the Great British Bonus Scheme. It will also examine the supply of thoroughbreds to British racing and the effects of global trade and competition on the sport. Crucially, the results of this project will show us if our areas of focus remain key priorities for the future or if there is evidence that we should re-align parts of our strategy to new, emerging threats and opportunities.”

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RoR Showcase Returns on Apr. 23

The Retraining of Racehorses Showcase will return live at Hartpury University and College in Gloucestershire on Saturday, Apr. 23. Supported by the Horserace Betting Levy Board, the RoR Showcase is dedicated to displaying the versatility of retrained racehorses. There will be a superb line-up of star former racehorses working with top equestrian experts, trainers and top riders, who will give visitors an inspirational day of live demos, close-up clinics, displays, advice and expertise. Tickets are £15 per ticket (saving £5), or car share special of three tickets for two at £30 (saving £10) until Apr. 22. After that date, tickets are available on the day at £20 per person. To purchase tickets in advance, please click here.

“This is a fantastic opportunity to come along and meet a host of experts and industry professionals all under one roof,” said RoR Chief Executive Di Arbuthnot. “We hope too that with tickets available to buy in advance for just £15, this is an affordable day out packed with inspiration and ideas for both those current and any potential new owners of former racehorses.”

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CHRB Addressing Recent Los Al Deaths

The California Horse Racing Board (CHRB) issued a release Thursday addressing a spate of recent deaths at Los Alamitos. The track is currently holding its traditional mixed-breed meet of predominantly Quarter Horses and lower-level races with Thoroughbreds.

The CHRB release read as follows:

“The California Horse Racing Board has been in contact with personnel and executives at Los Alamitos Race Course concerning the four recent catastrophic injuries of horses at that facility:

“The 6-year-old mare Ballet Royalty finished fifth (last) in the first race at Los Alamitos on March 12. She galloped back and was unsaddled, but then she collapsed while walking off. This is termed a 'sudden death.' As always, a postmortem examination will be performed to provide more insight.

“The 3-year-old filly Fastidious pulled up before the wire in the seventh race March 19 at Los Alamitos. The injury required euthanasia.

“The 5-year-old horse Stolen Lives pulled up while galloping out after the ninth race at Los Alamitos on March 20. The jockey dismounted, then the horse was vanned off. The injury required euthanasia.

“The unraced 3-year-old colt See You At Front sustained an injury while galloping during training on the morning of March 23, requiring euthanasia.

“In recent days Los Alamitos has taken four steps to help improve safety: (1) Eliminated the breaking bar in quarter-horse races; (2) Eliminated high toe grabs on hind shoes; (2) Consulted a racing surface expert regarding the track; and (4) Contacted the University of California, Davis, to fund a study of lumbar fractures in quarter horses.

“These safety measures are particularly applicable to a lumbar (back) fracture, which led to the death of Fastidious. However, it is believed that breaking bars and toe grabs could be a contributing factor to lower leg injuries, which resulted in the deaths of Stolen Lives and See You At Front. Sudden deaths (Ballet Royalty) are a phenomenon among horses (and humans) throughout the world and are the subject of numerous ongoing studies.

“The CHRB will continue to closely monitor and scrutinize activities at Los Alamitos and will take appropriate action as needed.”

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Juvenile Sales Season Kicks Off at OBS

The 2-year-old sales season gets underway Tuesday with the start of the two-day Ocala Breeders' Sales Company's March Sale. Hips 1-316 sell Tuesday and Hips 317-635 go under the hammer Wednesday.

“I have been very pleased with the horses we have seen on the grounds,” said Tod Wojciechowski, OBS director of sales. “The interest from buyers has been very good.”

He added, “We have been able to add another level of horse that maybe doesn't fit the upper-echelon price range, but are very good horses. March is a key sale in the 2-year-old market.”

The industry enters the juvenile sales season on the back of an exceptionally strong season of yearling sales and a healthy breeding stock sales market.

Horsemen are optimistic that momentum will carry into the 2-year-old sales.

“The horse business traditionally goes along with the stock market,” said consignor Niall Brennan. “Obviously there are a lot of ups and downs right now because of the war in the Ukraine. I don't know that it will affect too much right now. I think the markets were prepared for it, knowing it was likely to happen. There was no big shock change for people in the market place. There might be some people that don't know what to do right now and might wait for the April sale, but I don't get that vibe. There has been a lot of interest and a lot of people that came into town early. It is a different vehicle than the yearling sales. They have to jump through a lot of hoops, but the ones that do, I think it will be a strong sale for them.”

Pick View's Joe Pickerell said he felt high demand would keep the strong market alive in the juvenile sales season.

“You would expect the momentum to continue,” Pickerell said. “Supply is down. Every trainer you speak to needs horses. We went pretty strong this year and invested heavily. We are looking forward to getting rewarded on some these.”

The OBS March sale will offer first 2-year-olds for many exciting stallions, such as Triple Crown winner Justify, regally bred Grade I winner Mendelssohn, MGISWs Bolt d'Oro and City of Light, champion Accelerate, GI Kentucky Derby hero Always Dreaming, GI Preakness S. victor Cloud Computing and more.

Last year's OBS March sale was topped by a $750,000 filly from the first crop of Practical Joke. Purchased by Hideyuki Mori from the draft of Top Line Sales, she is now named Clos de Mesnil and is a winner in Japan.

At the 2021 renewal of this auction, 325 horses summoned $37,970,000 with an average of $116,831 and a median of $60,000. These numbers include post-sale figures.

The start of Tuesday's session was delayed from 10:30 a.m. to 1 p.m. to allow buyers more time for inspections after the last of three breeze shows scheduled for Saturday was pushed back to Sunday due to storms hitting the Ocala area. Those storms brought a tornado with them, affecting much of the Ocala area, but the OBS sales grounds, as well as most major Thoroughbred farms in the area, were left unharmed. Wednesday's session will begin as scheduled at 10:30 a.m.

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