Projected $9 Million Surplus In Ontario?
Published: March 23, 2011 9:56 pm ET
Last Comment: March 29, 2011 12:06 pm ET | 36 Comment(s) | Jump to Comments
With the new Ontario Racing Program expected to generate a surplus of around $9 million as a result of purse levels restricted at the smaller tracks, Central Ontario Standardbred Association President Bill O'Donnell has gone on the record stating how he would like to see that money allocated.
“I think the biggest concern is there will be a surplus of around $9 million,” said O’Donnell in a Guelph Mercury article. “Where does that go?”
O’Donnell said he is hoping the projected surplus will be used to create a stakes series across Ontario for aged horses to help keep the talented fan favourites racing beyond their two and three-year-old campaigns.
“The two- and three-year-olds, they have lots of races to race for,” said O’Donnell. “The odd guy ends up keeping the horses as four-year-olds. If there’s not a viable place to race them, then you just sell them and we lose horses.
“That’s what the business was built on, Dan Patch and Greyhound. Those were horses that created a fan base,” added O’Donnell.