‘We Have No Middle Class’: Stakes Purses Cut For Santa Anita’s Upcoming Meet

Even though the final schedule hasn’t officially been approved by the California Horse Racing Board, it appears that there will be up to $600,000 in cuts to stakes purses for the upcoming Santa Anita winter-spring meet.

According to a report in the BloodHorse, representatives from The Stronach Group said that the cuts would be made in order to “ensure purses for other levels of racing remained steady.”

“We have no middle class,” said Tim Ritvo, chief operating officer of The Stronach Group.

“It’s not going to happen overnight, but we’re trying to find a way to get more horses here, rather than guys taking them out of town. … It’s the same purse structure (for other levels of racing) that we’ve seen in the past, and that was the idea—to take a little bit (out of the stakes) so you can keep the purse structures of the past.”

The most prominent race that will see a purse reduction is the G1 Santa Anita Handicap, which will drop from $750,000 to $600,000. According to the BloodHorse, it will be the lowest purse for the race since 1985, when it was $450,000.

Other stakes races – such as the G3 Los Angeles Handicap and G2 Arcadia – were eliminated from the schedule for 2018, but they could eventually return to the calendar in the future.

Read more in the BloodHorse

The post ‘We Have No Middle Class’: Stakes Purses Cut For Santa Anita’s Upcoming Meet appeared first on Horse Racing News | Paulick Report.

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