NEWS Auckland Thoroughbred Racing announces stakes increase
Auckland Thoroughbred Racing (ATR) has today announced that it will be contributing over 2,000,000 towards stakes at Ellerslie and Pukekohe Park this season.
The contribution, which is over and above New Zealand Thoroughbred Racing’s minimums, comprises $930,000 previously committed by ATR and, in an announcement by Club chief executive Paul Wilcox on racing television show "Weigh In” this morning, a further $1,100,000 - making a total of $2.03m contributed by the Club.
Wilcox says the announcement is the first step towards ATR honouring the commitments it made during the Club’s recent merger process.
"We are pleased to embark on this new era of thoroughbred racing in Auckland by taking immediate action in increasing the level of return to our all-important stakeholders – our owners, trainers and jockeys,” he says.
"We made it well-known during the merger process that we are firmly-focused on continuing our investment and growth in the industry, and that stakes increases are the first priority for Auckland Thoroughbred Racing.
"This is a great first step on our journey towards rewarding those who choose to race with us, whether that’s at Ellerslie or Pukekohe Park.”
ATR chairman Doug Alderslade said the Club’s investment into stakes further reflects its commitment to the racing industry in New Zealand.
"We are delighted to be in a position to inject much needed stakes increases into our races which will benefit all industry participants.
"We remain confident that as we continue to implement our new business model, we will be in a position to announce further stake increases in the future.”
The stakes increases will be distributed via:
Non black type races at ATR’s iconic, premier, feature and industry days between: 15 December 2021 - 31 July 2022 for industry days 20 November 2021 - 12 March 2022 for those others listed ATR’s black type races held between 20 November 2021 – 31 July 2022 In addition to the above, ATR has further enhanced January’s New Zealand Bloodstock Karaka Million by increasing stakes on the four non-$1m races to:
- Westbury Classic - $150,000 (was $110,000)
- Brighthill Farm Concorde Handicap - $110,000 (was $80,000)
- Cambridge Stud Almanzor Trophy - $110,000 (was $80,000)
- Collinson Forex Karaka Cup - $110,000 (was $100,000)
Wilcox says the Club hopes the increases will encourage increased participation at ATR’s meetings.
"We want our racecourses to be the destinations of choice for thoroughbred racing in New Zealand. It is hoped that today’s announcement will assist in not only attracting quality fields for our feature races, but broaden the appeal of our other races throughout the season too.”
Last season, Auckland Racing Club contributed $945,000 of its own monies in stakes, offering a combined total of $10,318,735; and Counties Racing Club offered a total of $1,549,000 in stakes This season, ATR will offer a total of $11,000,000 in stakes between 20 November 2021 - 12 March 2022.
Click the link below to download a PDF copy of the media release: