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Wednesday, 12 December, 2018

Dire warning: breeders' association sounds alarm over state of British industry

British thoroughbred breeding industry needs help according to TBA
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The Thoroughbred Breeders' Association on Tuesday issued a dire warning over the state of the British breeding industry, suggesting the current financial model is unsustainable and will lead to severe consequences for the rest of the sport.

In an impact study commissioned by the TBA from analysts  PricewaterhouseCoopers it was found the economics of the British thoroughbred industry need to be addressed in order to maintain supply and ensure the racing programme can be met.

The study noted: "To safeguard the British thoroughbred breeding industry and ensure its future sustainability, direct intervention is required to increase the financial returns to breeding.

"Without it, the current level of supply will not be maintained; Britain will not be able to sustain its racing calendar, and the finances of all racing industry participants will be severely impacted."

Addressing these concerns, the TBA will issue a series of proposals, starting with a new owners’ premium scheme, which is based on rewarding British-bred stock.

The bonus schemes will apply to Flat and jump racing, with the aim of creating a 'virtuous circle' for the British breeding industry, starting with the breeding aspect, and encompassing owning, and then retiring horses to stud.

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Direct intervention is required to increase the financial returns to breeding
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