The strategic plan is being circulated in the Thoroughbred industry. The NTRA is currently lobbying members to renew for another five years.
The National Thoroughbred Racing Association is projecting total operating revenue of $81.5 million by 2010, the last year of its five-year strategic plan. The largest revenue-producer would be Breeders' Cup, which has a joint operating agreement with the NTRA.A financial plan accompanied the 2006-10 strategic plan released June 15 by the NTRA board of directors. The five-year projection calls for a $10-million increase in operating revenue based on the $71-million figure for 2006.The largest projected increase--about $7 million--would come in the area of sponsorship revenue ($13 million 2006 vs. $20 million in 2010). Membership dues would grow less than $1 million, from $13.45 million next year to $14 million in 2010.Breeders' Cup revenue would rise from $42.5 million in 2006 to about $45 million by 2010, according to the financial plan. Breeders' Cup will give the NTRA $2.5 million a year for the five years.Operating expenses also would rise about $10 million over the five years, though they're spread fairly evenly in most categories. General and administrative expenses are actually projected to drop a bit, from $5.75 million in 2006 to $5.42 million in 2010.Excess revenue over expenses is pegged at $600,000 to $650,000 a year over the five years. Net assets would remain static at $750,000.Under the line item of membership dues, racetracks would pay about $5.75 million a year over the five years, and horsemen's associations about $4.4 million. Auction-related dues or contributions would run between $3.15 million and $3.65 million.