Pocket Aces Racing LLCplans to adda New York bred at one of the upcoming 2YO sales. We have announced our potential plans to our current partners and have had a very positive response.
The 2014 NY foal crop totaled approximately 1600 foals. While not a small number, it certainly limits competition a great deal. The racing program consists of two components: the New York bonus program and the New York restricted program. Bonus Program Bonuses are available to all New York bred horses that win open races at a $30,000 claiming level or higher (maiden special, allowances, $50,000 claiming races). The bonus is 10% for horses that are sired by stallions outside of New York. The bonus is 20% for horses with New York based sires. For example, a 2YO with a sire by New York based Frost Giant wins an open race with a $50,000 purse. In addition to the normal award of 60% ($30,000) the horse also receives a bonus of $6,000 from the program. More than $2,000,000 in bonuses was awarded in 2015. Restricted Program The restricted program consists of races open only to horses foaled in New York. In 2015, there were 45 stakes and more than 800 overnight races. The overnight races range from open allowances all the way down to bottom level claiming racings. While the purse structures vary from track to track, they are fairly exceptional across the board.
Aqueduct (current levels)
Maiden Special – $55,000
Allowance – $57,000 – $60,000
Maiden Claiming $25,000 – $31,000
Belmont (2015 levels)
Maiden Special – $60,000
Allowance – $63,000 – $70,000
Maiden Claiming $40,000 – $41,000
Saratoaga (2015 levels)
Maiden Special – $73,000
Allowance – $77,000 – $85,000
Maiden Claiming $40,000 – $45,000
Even the $20,000 maiden special weight races at Finger Lakes are respectable.
We are primarily looking at either OBS-April or Fasig-Tipton May. We have studied results from both sales over the last couple of years, and we feel like a purchase price of around $80,000 will give us ample opportunity to make a quality purchase.
A full share (9.9%) is $11,500. Half shares ($5,750) and quarter shares ($2,875) are also available. The initial share purchase will cover all expenses through September, 2016. The cost of training in New York is higher than what we normally deal with, so quarterly expenses (if necessary) will be billed at $1,300 per quarter beginning October 1, 2016.
We have long discussed the prospect of having horses in New York, and we feel like this is the most logical first step. The purse levels relative to the competition is unparalleled in the industry and we want to provide a vehicle for our partners and potential partners to take advantage of the opportunity. If you are interested, or would like to discuss further, please CONTACT US.