TBA announces a set of races to support small breeders
The TBA, in conjunction with racecourses and the BHA, will be piloting two races in September 2016 to support small breeders. The races, for two-year-olds, will take place over a distance of seven furlongs and be open to horses sired by a British-based stallion who at the time of covering was advertised at a fee of £15,000 or less.
The condition races will offer 3lb weight allowances for each £5,000 reduction in the stallion fee: horses whose sire’s nomination fee was £10,000 or less receive a 3lb allowance and those advertised at £5,000 or less receiving a 6lb allowance. Weight penalties will be issued to winners of previous races.
The first race, open to colts and geldings, will take place at Goodwood Racecourse on September 21st, quickly followed by the fillies edition of the race at Newmarket on September 22nd.
The races will provide valuable race opportunities for smaller owner breeders and for purchasers of affordable horses.
These new races will receive the TBA’s full endorsement and support through sponsorship funds, as they will provide opportunities that will help support smaller breeders within Great Britain. Smaller breeders are an integral part of racing’s supply chain with 34%* of foals produced each year hailing from operations with 1-2 broodmares, and their role is also noticeable in the high percentage (43%**) of two-year-olds running on racecourses in Great Britain being purchased for less than £50,000.
TBA would like to thank the BHA for delivering this trial within the 2016 race programme, as part of their holistic race planning approach and look forward to the opening race at Goodwood on Wednesday 21st September.
*Reference: PWC Economic Impact Study 2014
**Reference: BHA Race Statistics