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Declines in Breeders' Cup nominations

THE number of foals nominated to the Breeders' Cup declined by nine per cent in 2008, according to figures released by the company this week.

A total of 14,602 foals were nominated to the programme last year compared to 16,089 in 2007. However, the decrease was not a surprise to Breeders' Cup officials, who had forecast a decline in revenue given the drop in numbers of mares covered and economic circumstances.

Breeders pay $500 for each nomination, meaning that total 2008 revenue for the programme will hover around the $7.3m mark, down from $8m in 2007.

"The decline was less than we had anticipated based on the 2008 crop and the economic climate," said Dora Delgado, Breeders' Cup senior vice president of nominations.

"We are pleased to report that the percentage of eligible nominated foals to the Breeders' Cup program last year remained steady, with 50 per cent of foals participating, compared with 51 per cent in 2007."

Breeders' Cup-nominated horses will be eligible to compete for more than $30 million in prize-money this year.

 

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