latest HRNZ 2 year old bonus scheme

[the galah]

I've just read the latest announcement about a new 2 year old bonus scheme from brad steele,whom it says is the architect behind the scheme.

I have to admit,i had to read the press release several times to get my head around it. 

it seemingly is targeting rewarding people who buy yearlings by certain sires,who have had 3 or less crops so far in nz,then to meet the criteria the pruchasers are to syndicate the horses and have a certain % of owners under age 40 involved.

Then you line the horse up twice in 2026 and they will pay the owners $4000 and the trainer $1000.

You can get around the stallion criteria ,to earn the $5000 for starting twice as a two year old,by apparently buying any yearling at the sales and giving it to a non winning group 1 trainer and getting them to line up the horse twice as a 2 year old.

Theres other bonuses of $50,000 that will be paid to the first horse home in the sales final races,who meets certain criteria.

What do i think? 

well to me its a hair brained scheme thought up by people who i've previously referred to as not very clever. 

This latest announcement does nothing to change that,in fact it just reinforces how i currently think.

I know only a dozen or so owners to speak to,but i can't think of one that would qualify if the scheme was being run this season.

Again i ask,what is this obsession HRNZ and brad steele has with 2 year old racing?

Why are the owners,trainers,breeders of 2 year olds more important than all the owners,trainers,breeders of 3 year old and older horses in training.

i would guess that if you were to say which part of the industry provides the worst returns profit wise,using the formula stakes,bonuses funded v turnover.

surely it would be 2 year old racing ,yet thats what HRNZ want to have more of.

Are these people stupid or what?

Edited 5 hours ago by the galah

[mikeynz]

26 minutes ago, the galah said:

I've just read the latest announcement about a new 2 year old bonus scheme from brad steele,whom it says is the architect behind the scheme.

I have to admit,i had to read the press release several times to get my head around it. 

it seemingly is targeting rewarding people who buy yearlings by certain sires,who have had 3 or less crops so far in nz,then to meet the criteria the pruchasers are to syndicate the horses and have a certain % of owners under age 40 involved.

Then you line the horse up twice in 2026 and they will pay the owners $4000 and the trainer $1000.

You can get around the stallion criteria ,to earn the $5000 for starting twice as a two year old,by apparently buying any yearling at the sales and giving it to a non winning group 1 trainer and getting them to line up the horse twice as a 2 year old.

Theres other bonuses of $50,000 that will be paid to the first horse home in the sales final races,who meets certain criteria.

What do i think? 

well to me its a hair brained scheme thought up by people who i've previously referred to as not very clever. 

This latest announcement does nothing to change that,in fact it just reinforces how i currently think.

I know only a dozen or so owners to speak to,but i can't think of one that would qualify if the scheme was being run this season.

Again i ask,what is this obsession HRNZ and brad steele has with 2 year old racing?

Why are the owners,trainers,breeders of 2 year olds more important than all the owners,trainers,breeders of 3 year old and older horses in training.

i would guess that if you were to say which part of the industry provides the worst returns profit wise,using the formula stakes,bonuses funded v turnover.

surely it would be 2 year old racing ,yet thats what HRNZ want to have more of.

Are these people stupid or what?

Does Mr Steele own a lot of horses ,?

Does he have ownership of some in the Norrh Island.?

[Brodie]

Brad Steele came from Australia highly qualified apparently?

We will have to wait and see if chucking this money around is going to have positive effects in the next few years!

Interesting concept from Mr Steele the way he is trying to get under 40s into ownership.