Saturday, 15 July 2006
: Racing NSW is publicly supporting a concept devised by Iskander Racing and Breeding in a bid to try and attract the nomination of more than 40 stallions to the BOBS incentive scheme.
The racing incentive scheme has proven to be a boon for racehorse owners but many are expected to miss out on the opportunity.
Iskander Racing and Breeding’s intends to form partnerships of 10 for each stallion which has not had its contribution fee paid into the scheme so that as many sires as possible are nominated before the cut off date of September 1.
“This is an initiative we believe is in the best interests of racehorse owners and the industry across the state,” said Iskander Racing and Breeding’s principal Sheriff Iskander.
“We believe in BOBS and as owners ourselves we know just how important it is to have an incentive scheme like this.
"We are forming partnerships of 10 for stallions such as Galileo, More Than Ready, Danzero, Hussonet and Dehere.
“If you own a rising two-year-old it really is in your best interests to be a part of this.
"It will then cost a one off $660 payment to make your horse eligible for BOBS and if you can win a metropolitan race you earn a BOBS bonus of $16,000.
“You can then double that up to $32,000 - thanks to Racing NSW’s Double-Up initiative - to buy another yearling by a BOBS-eligible stallion.”
BOBS pays bonuses to all eligible two and three-year-olds that win at city, provincial and country tracks.
More than $4.5 million in bonuses have been handed over by Racing NSW this season alone.
Stallion nomination syndicates will receive 12.5 percent of BOBS winnings every time prizemoney is earned and those earnings will be split and distributed proportionally to all group members.
“Iskander Racing and Breeding is really trying to make a difference and Racing NSW is willing to support concepts which promote ownership in horse racing,” Racing NSW chief executive Peter V’landys said.
“This is a great initiative put forward by a company making waves in racing. It really is in the interests of all owners to have a look at becoming a part of this.
“BOBS is a wonderful scheme and there is nothing in Australia like our Double-Up incentive. Last year alone $2 million was given away in Double-Up vouchers.
“Even if there are 10 owners in a horse and eight don’t want to Double-Up, there is flexibility there to still use the Double-Up.”
All proposed BOBS nomination syndicates are for rising two-year-olds and will run from the start of season 2006/07 to the end of season 2007/08.Iskander Racing & Breeding