Call Goes Out to Fund Testing Consortium
The Racing Medication and Testing Consortium expects to have enough money to carry it through 2006, but officials with the group indicated not all members are on the same page on how to fund the organization in the future.
The consortium
- Topics: Article, Disaster Recovery
The Racing Medication and Testing Consortium expects to have enough money to carry it through 2006, but officials with the group indicated not all members are on the same page on how to fund the organization in the future.
The consortium, which met Oct. 16-17 in Lexington, received about $2.5 million from founding organizations and members, including racetrack interests such as Churchill Downs Inc., Del Mar, Keeneland, Magna Entertainment Corp., the New York Racing Association, and Oak Tree, all of which have seats on the board of directors.
The consortium has discussed implementing a voluntary funding formula based on $5 per start from owners, and matching funds from tracks based on the average purse per race, regardless of breed, beginning in 2006.
Thoroughbred Horsemen’s Association affiliates in Delaware, Illinois, Maryland, New Jersey, and New York recently contributed $250,000 to the per-start fee program. The Florida Horsemen’s Benevolent and Protective Association, along with Calder Race Course and Gulfstream Park, have been contributing per-start fees since 2002
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