2009 Ontario TIP Worth $9.6 Million
Date Posted: 4/10/2009 11:02:02 AM
Last Updated: 4/11/2009 1:49:32 PM
(Edited press release)
The Ontario division of the Canadian Thoroughbred Horse Society announced the release of its 2009 Thoroughbred Improvement Program, featuring $9.6 million in awards, bonuses, breeding incentives, and added purse money.
Established to further develop the breeding and racing of Ontario-Bred horses in Ontario, Canada, this year’s TIP offers more than $5.8 million in program incentives, including purse supplements for Ontario-bred and Canadian-bred stakes, graded stakes, participation in the Ontario Sires Stakes Program, and the Ontario Sired Racing Rewards Program, as well as $3.4 million in breeders awards and stallion owners awards.
An added highlight to this year’s TIP includes an increase in both breeders’ awards and the Ontario-bred bonus for owners of purse-winning Ontario-breds in open races in Ontario.
“Despite the downturn in the economy, we were able to not only maintain the same levels as last year, but initiate a 5% increase in both breeders’ awards and in Ontario-bred bonuses for racing in Ontario,” said Julie Coulter, general manager of the Ontario CTHS. “This in turn will create increased incentives for Ontario-bred horses and put a higher value on our product.”
Also included in this year’s TIP will be the offering of a $50,000 bonus for registered Ontario-breds competing at both the graded stakes and ungraded open stakes (for fillies and mares), and support of eight $100,000 Ontario-bred overnight stakes. Fort Erie sales credits and owners’ bonuses, along with sales credits for winning trainers of yearling sales stakes will also be offered.
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