£2.7 million Fund for 2010 Scheme
The 2010 Racing Post Yearling Bonus Scheme has achieved a fund of £2.7 million. Final figures for the 2010 scheme launched last July for yearlings sold in GB and Ireland and the current breeze up sales show that the support for the scheme has actually increased following it's initiation in 2009. The total number of 2yo's eligible for the bonus this year is just under 2900 (an increase of 150 from year 1) representing a final takeup of 74%. As in the first year 70% of horses made eligible for the scheme achieved a sale.
The allocation of the 270 bonuses available follows on the same lines as year 1 with at least 170 bonuses allocated to GB of which 10% will be held over to 2012 for 3yo maidens. 50 Bonuses to eligible Irish winners (5 of which held over to 2012) and up to 50 allocated internationally for eligible 2yo winners.
Harry Herbert of Highclere Thoroughbred Racing said, "The Yearling Bonus Scheme is a Godsend for owners during these times of severely depressed prizemoney levels. All of Deity's owners were over the moon with the additional £10,000. A bonus of this amount sends a clear message to buyers everywhere to support British and Irish yearling sales".
Maurice Burns (consignor and owner of Rathasker Stud) "As a vendor it is easier to sell an eligible yearling than one not in the scheme and as an owner it is a lovely bonus to win and goes a long way towards paying a year's training fees".
Trainer William Knight,"Considering the current desperate prizemoney situation the Yearling Bonus offers a great incentive and reward to owners. When you are going to the sales looking for a horse in the 10 - 50k bracket the chance of winning £10k in one hit makes a big difference and I think itís a better concept than the sales races as there are more opportunities of winning a bonus race".
Owner Stewart Jones of the Triple Crown Partnership "We targeted the 3yo bonus maiden at Leicester with Sand Owl as the £10k bonus covers half a yearís training costs which is a tangible benefit of buying an eligible horse. When you are trying to persuade new owners into the game itís an effective tool".
Yearling Bonus Committee: "Once again British and Irish breeders and consignors have supported this initiative to the tune of £2m and they deserve recognition for embracing the scheme and being so pro-active in driving the yearling sale market forward in such difficult times. All the feedback from owners and trainers is hugely appreciative that consignors are investing in their sales horses and the results are now reflecting that. This scheme is a rare positive in racehorse ownership at the moment and it is important that the industry continues to entice people back to the sales and try to reach potential new owners"
With 26 bonus winners already this year bought from as low as Ä3,000 the schemeís relevance is again apparent with all the GB 2yo bonus races so far 100% won by eligibles which is a clear indicator that Owners and Trainers are actively targeting the bonus races.