Silver Grecian: the Group 2 winner was a 16,000gns breeze-up purchasePICTURE: Getty Images
Racing Post praised for Breeze-up Bonus backing
THE Racing Post's decision to back the 2010 £500,000 Breeze-up Bonus, revealed on Friday, has been praised by sales companies and buyers.
While each vendor pays £500 per nominated horse to the fund, the sales companies contribute a further £150 per entry.
The original Breeze-up Bonus scheme was well received following its launch by consignors last year and the Racing Post's decision to back the initiative in its second year ina manner similar to the Racing Post Yearling Bonus can only broaden the scheme's appeal, according to Tattersalls marketing director Jimmy George.
He said: "It is very good news that the Racing Post has added the Breeze-up Bonus scheme to its sponsorship portfolio and the alterations made to the original scheme should serve to broaden the appeal even further.
Jimmy George: Bonus "important"PICTURE: Edward Whitaker
"Last year's inaugural Breeze-up Bonus clearly caught the imagination of the industry and by almost doubling the number of possible beneficiaries the scheme should help trainers, bloodstock agents and the sales companies to attract buyers to the 2010 breeze-up sales.
"We are all striving to broaden the appeal of racing as much as possible and with maidens in this country being run for as little as £2,600, initiatives like the Racing Post Breeze-up and Yearling Bonus schemes and our own Tattersalls Millions are more important than ever."
Henry Beeby, chief executiveof Goffs and managing director of DBS, also welcomed the news that the Breeze-up Bonus has received backing from the Racing Post, saying: "There is evidence on either side of the Irish Sea, in particular Ireland, that racing is not going receive much help from the governments so it's up to the industry to help itself; this is another marvellous example of the industry pulling together in these difficult times.
Henry Beeby: "pulling together"PICTURE: Edward Whitaker
"The great thing about the bonus is that competitors are looking at the bigger picture and getting together with the sale companies to help each other.
"This time last year everything was at a low, and certainly with the sales I was involved with, the Breeze-up Bonus made a significant difference, especially at the commercial end of the market."
Any breeze-up graduate who wins a two-year-old maiden, nursery, conditions, Listed or Group race following the Goffs Kempton Breeze-up sale on March 12 will be eligible to win a bonus of £5,000. Further bonuses up to £10,000 are up for grabs should the horse win a second race or be nominated to the Racing Post Yearling Bonus and win an eligible maiden.
Trainer John Ryan, who purchased last year's Group 2 Superlative Stakes winner Silver Grecian for 16,000gns at the Tattersalls Craven breeze-up sale, is a firm supporter of the scheme.
He said: "It is a great selling point when it comes to marketing horses to prospective owners. With the current state of prize-money, for winning many maiden races you will be lucky to get back your travelling expenses, but with the cash injection from a Breeze-up Bonus it is more likely to actually break even on a horse.
"And it is a huge plus that the Racing Post has got behind it - it gives the scheme a lot of clout."
He added that last year's Breeze-up Bonus had already fulfilled its main objective of getting owners to invest in a breeze-up horse, saying: "I've already had a couple of owners who have approached me with an interesting in buying a breeze-up horse at this year's sales, purely on the basis of last year's success."