The Thoroughbred Owners and Breeders Association of Jamaica (TOBA), has rejected a decision by Supreme Ventures Racing and Entertainment Limited (SVREL) to remove the breeders bonus for a number of races at Caymanas Park. The membership of TOBA met on Tuesday morning where they unanimously objected to the position taken by the promoting company.
Breeders currently receive 9 percent of the total purse money for all races at Caymanas Park but the new measure which SVREL says will save the company revenue in excess of JA $20 million per year, will now only be applied to races in the Overnight and Open Allowance categories as well as Graded Stakes events and all maiden and condition races for two and three year olds.
“We haven’t seen anywhere in the world at this point where breeders’ purses are paid by the promoter; we find that it’s either paid by the state or the association,” said Executive Chairman of SVREL Michael Bernard. However, TOBA president Howard Hamilton had a sharp response.
“If you are going to use what happens in other jurisdictions let us use it properly and use everything that happens in other jurisdictions; don’t just pick out the breeders’ bonuses and attack those,” said Hamilton. In the meantime, Bernard has invited the owners and breeders association to submit a feasible counter proposal. The change is set to take effect on Saturday, February 3.