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 19 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.

 

 

[the galah]

4 hours ago, mikeynz said:

Does Mr Steele own a lot of horses ,?

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

The people i know,that have spent a lifetime breeding,owning or training horses that don't go through the sales,have been sent a very clear message.

Brad steele takes your participation for granted.Your not his focus. After all that money you put into the industry ,your not a priority,your seen as a second class citizen. 

Thats so obvious,when you consider some of the conditions imposed on certain qualifying criterias,even if the horse meets the number 1 criteria of being sold at the sales.

1)Why does his scheme reward syndicates and not reward individuals or say a husband and wife.....

2)why does his scheme specify 30% of ownership has to be under the age of 40 to qualify.....

3)why reward only horses purchased at the sales.

4) why is he giving preferential treatment to the trainers who have not trained a group one winner,thusdiscriminating against trainers who have.

5)why have the sires with 3 or less crops being given preferential treatment.

6)why have they capped the $5000 giveaway for starting just twice as a 2 year old to the first 90 horses that qualify.

7)why are owners,breeders/trainers of these sale horses considered of greater importance than the owners of 3 year olds and above.

8)why are some owners being given preferential treatment because they have not previously owned a horse.

why,why.why,i could go on.

Like i have said. i believe the scheme is hair brained.

I was talking to someone tonight whos bred  horses over the years and raced them with her husband.

she told me to go read the hrnz press release.

Her comment was just read it.I've told you, you should get out of the sport as they don't cater for people like you or i anymore.

After reading the press release,i agree.

 

Edited 13 hours ago by the galah

[Taku Umanga]

This is Nelli's post from the other channel - some good points made.

 

"The launch of NextGen today demonstrates yet again more half-baked ideas even though the intentions are admirable.  

1) I can see the rationale of restricting the scheme to sale horses, since NZB Standardbreds are major sponsors, but why restrict it to progeny of stallions in their 1st 3 seasons in NZ? For example, if you are after a trotter, this restricts you to a choice of just 22 horses with half by expensive stallions (a big windfall for the sellers). 

2) Why the G1 restriction on the trainers when I think what they intend is to promote young trainers. This means 21 year old Zev Meredith in his first year of training is ruled out (Tom Bamford also) but very successful 80+ year old Luk Chin is eligible (not that he ever needs to buy a yearling with his great breed).

3) The alternative option is having a partnership of at least 4 owners with 30+% of the people under 40 years old and who have never owned a horse before. This of course is easily achieved by adding a couple of grandchildren on the ownership papers. A nice thing to do but will it mean more owners racing more horses in the future?"