CNBC Could Be Host of 2-year-old Racing Series

The National Thoroughbred Racing Association hopes financial network CNBC becomes the new host for its 2-year-old racing series scheduled to begin in August. Negotiations were said to be far along as of April 30.

CNBC would broadcast six 2-year-old stakes during four shows in the weeks leading up to the Oct. 27 Breeders' Cup at Belmont Park. Officials said a $300,000 bonus would be awarded to any horse that wins one of the races and the Breeders' Cup Juvenile (gr. I), with an additional $1 million up for grabs if the horse wins the 2002 Kentucky Derby (gr. I).

Last year, the series bonuses were tied to auction- or foal registration-related contributions by owners and consignors. It couldn't be determined if that would be the case this year. Some of the races in the 2000 series were the Hopeful Stakes (gr. I) at Saratoga, the Norfolk Stakes (gr. II) at Santa Anita Park, and the Champagne Stakes (gr. I) at Belmont Park.

The partnership with CNBC is a natural because the Breeders' Cup and the Triple Crown are broadcast on affiliate NBC. As part of the NTRA's agreement with CNBC, there is expected to be live sale coverage from Keeneland in conjunction with new owner initiative.