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Organisations team up to lease out unsold horses

THE Racehorse Owners Association and the Thoroughbred Breeders' Association has launched a joint initiative aimed at finding homes for the increased number of yearlings who either went unsold or were bought back by their vendors at this autumn's sales.

A service will enable breeders and vendors to offer horses on a free lease to run as two-year-olds in 2009. The associations hope that a similar scheme will be extended to breeders and vendors of National Hunt stores and homebreds next year.

TBA chief executive Louise Kemble explained to her association's members: "Thisservice is totally free for members, and we encourage you to make an early response to this offer as ROA members are waiting for this information and, naturally, the first yearlings to be offered are likely to reach a larger audience.

"We believe this positive initiative will help to support the breeding industry at a time when the welfare implications of overproduction are uppermost in people's minds, and the potential damage this can cause to many aspects of the business."

ROA Council member Sally Rowley-Williams, who was involved in the setting up of the free leasing scheme, said: "This is an initiative by owners and breeders working together to address a current problem within the industry. We'relooking for owners who might be interested in leasing a two-year-old for 2009 without making a capital outlay.

"Owners taking a horse on lease have to be prepared to pay training fees and keep it for one year."

The leasing service will operate through the ROA website www.racehorseowners.net and on its email newsletter service to members. TBA members can download the registration form for yearlings at www.thetba.co.uk, and advice in drawing up lease agreements can be given by Justin Wadham of Edmondson Hall solicitors in Newmarket.

 

 

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