Black-Type Minimum Raised To $40,000
Updated: Friday, August 8, 2003 10:38 AM
Posted: Wednesday, August 6, 2003 11:43 AM
The minimum purse value for black-type stakes races in North America will increase to $40,000, beginning January 1, 2004, it was announced today by the Society of International Thoroughbred Auctioneers (SITA).
The North American representatives of the International Catalogue Standards Committee (ICSC) recommended the $5,000 increase and SITA ratified the recommendation.
The black-type minimum was increased, according to the two organizations, in order to keep pace with the rising purse structures at tracks nationwide.
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