Monday, January 23, 2012

VRC APPROVES BREEDERS FUND PAYMENTS


The Virginia Racing Commission approved the a resolution at the January meeting which included the following:

The Thoroughbred Sub-Committee of the Virginia Breeders Fund voted unanimously to recommend the following expenditures from the Thoroughbred portion of the Virginia Breeders Fund for 2012:

1. $325,000 for the year-end breeder and stallion awards based on the results of races run in 2011;

2. Approximately $700,000 for the 100% owner’s bonus program and restricted race supplements of 25%;

3. $131,000 to partially fund the purses of six VA-bred Stake races to be contested during the 2012 race meeting at Colonial Downs;

4. Approximately $65,000 for breeder’s bonuses based on 10% of the 100% owner’s bonuses earned;
The final VTA report concerning Breeder and Stallion Awards for 2011 will be submitted to the VRC staff for approval and funding by tomorrow, Tuesday, January 24, 2012.

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