NYRA to Offer Maiden Allowance Auction Series at Saratoga

[Wandering Eyes]

The New York Racing Association will offer a series of races restricted to 2-year-olds purchased for $45,000 or less at their most recent auction starting in July at Saratoga.

“We are happy to try something new at Saratoga,” said Martin Panza, NYRA’s Senior Vice President of Racing Operations. “We feel the Maiden Allowance Auction Series will further support our smaller trainers and owners, who play an important role in our racing program, and also provide an opportunity for new owners to get into the game and showcase their horses at Saratoga.”

The Maiden Allowance Auction Series expands on the current condition book to encourage prospective owners from all racing jurisdictions to buy horses with the incentive of a chance to compete at the Spa. The open juvenile races, to be restricted to horses that went through the ring for $45,000 or less at their most recent auction, will be offered in the first condition book of the Saratoga meet for purses of $75,000.

The new condition will also include up to $13,500 in New York Breeding Fund open company owners awards for New York-breds finishing first through third in the new Maiden Allowance Auction Series.

“Creating added value for middle market horses is a positive move for everyone,” said Jeff Cannizzo, Executive Director of the New York Thoroughbred Breeders, Inc. and NYRA board member. “Establishing more maiden winners is positive long-term for New York. Doing this in Saratoga makes it sweeter for owners and breeders. New York-breds become even more lucrative at this level and will earn up to 20% open company owners awards on top of the purse. This is positive for breeders and owners here in New York where there will be many New York-breds eligible for this new condition. In 2018, New York-breds alone won 34% of the races at Saratoga and $11.4 million in purses.”

 

The post NYRA to Offer Maiden Allowance Auction Series at Saratoga appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

View the full article