RACING’S RETURN

RACING’S RETURN

STAKES $15,000, PAYMENT STRETCHING BACK TO 14TH

All races at 13 meetings during July will carry stakemoney of $15,000, the NZTR announced today.

In addition, the following initiatives will also be introduced with the focus on reducing costs and spreading returns for owners:

To ensure a wider distribution of stakes to more owners, payments will be made back to 14th/

No nomination/acceptance fees for those horses which start
Meetings scheduled to be held closer to the horse population
Race programming during July only will allow for open nominations to ensure those horses wanting to race are able to gain a start.

”We understand that this is a different approach. But NZTR recognised this as an opportunity to provide some innovation and flexibility around the payment of stakes to owners, trainers and jockeys during July,.” said NZTR chair Alan Jackson

”Confirmation of RITA’s transitional funding to the codes follows discussions with codes, and industry consultation on a draft racing calendar for a resumption of racing. The distribution from RITA reflects the reduced racing over the period and the phased return to racing for each code.

NZTR and the other codes are also working with RITA on funding and race dates for the 2020/21 season and further updates on these important issues will be provided as it comes to hand.”

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