FTBOA To Offer Record Breeders’ And Stallions Awards For 2018

During its regularly scheduled August meeting, the Board of Directors of the Florida Thoroughbred Breeders’ and Owners’ Association considered a proposed annual plan for the payment of Breeders and Stallion Awards for 2018, as required by Florida statute. The Board approved management’s recommendation to, once again, offer the highest possible Breeders and Stallion Awards percentages authorized under Florida law – 20% of the announced gross purse for both Breeders and Stallion Awards, with Breeders Awards distributed across first, second, and third place. This move continues the awards levels established by the Board for 2017 – the highest in the history of the Association and the Florida thoroughbred industry. The Board’s action followed a well-attended public meeting the week before in which no member of the public offered any comment on the Association’s proposed plan.

“I would like to commend our current as well as previous Board for their approval and support of FTBOA’s mission to offer the most substantial awards possible,” said FTBOA CEO Lonny Powell. “This makes at least three years in a row when FTBOA has offered the highest breeders awards in the history of Florida thoroughbred racing and the second year in a row for the highest stallion awards possible. None of this could happen without visionary Board leadership and engaged staff, combined with an amazing membership of very dedicated Florida breeders and owners. When I first came to the FTBOA some five plus years ago, I was asked what my top priorities would be. Two of those priorities were getting breeders awards built up to the maximum possible offerings while also bringing back stallion awards and eventually getting them to their maximum as well. I found considerable support from our Board members and Presidents over those years to make this happen, even though there were so many distracting and challenging developments in the industry, political, and legal environments during that time. I am thrilled for our hard working and deserving FTBOA members that we have been able to economically support their breeding activity via our awards program for yet another year and make some serious money available to them in a very competitive business.”

The post FTBOA To Offer Record Breeders’ And Stallions Awards For 2018 appeared first on Horse Racing News | Paulick Report.

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