BRITISH EBF REVIEW 2017 1/28 British EFB Review 2017 3/12
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BRITISH EBF REVIEW 2017 1/28 British EFB Review 2017 3/12 “ WE ARE WELL AWARE OF THE IMPORTANT ROLE THAT SPONSORS PLAY WITHIN THE RACING INDUSTRY AND WE WOULD LIKE TO TAKE THIS OPPORTUNITY TO EXPRESS OUR APPRECIATION OF YOUR SUPPORT.” “ THIS SPONSORSHIP HELPS US ALL TO HAVE THE CONFIDENCE TO BUY AND OWN YEARLINGS. PASSION IS NEEDED BUT GOOD PRIZE MONEY IS ALSO VERY IMPORTANT.” “ THE EBF IS, WITHOUT DOUBT, THE MOST IMPORTANT SPONSOR OF ALL CHAIRMAN’S The British EBF has been part of the The work that the British EBF does is fabric of horseracing in Great Britain extremely important to the health of TO US, AS I HAVE COUNTED NO LESS INTRODUCTION since 1983 when a small group of our racing and despite its heritage, it is forward thinking and industrious sometimes misunderstood or overlooked THAN TWENTY EBF SPONSORED RACES breeders and stallion owners set about by the racing industry. As a result, the formulating an industry self-help trustees of the BEBF have encouraged the WON THIS YEAR BY OUR HORSES! mechanism in a response to dwindling production of an annual review to inform WHAT A STATISTIC THAT IS.” prize money. the industry and to provide a greater level of transparency to our benefactors whose Over 30 years later the organisation is as generosity facilitates one of racing’s most relevant today as it was at its inception; essential avenues of support. the British EBF works to promote races which are of benefit to the Thoroughbred and protect those races that are integral PHILIP MITCHELL “ IT IS FANTASTIC FOR to the diversity of the race program but Chairman, British EBF SMALL OWNERS TO HAVE that might otherwise fall foul of fashion and attractiveness as a betting product. THE OPPORTUNITY, WITH The remit of the British EBF is specific, A GOOD HORSE, TO WIN with the majority of the income to the fund being reinvested directly in to SUCH SUBSTANTIAL prize money via the BHA Claim System. PRIZE MONEY.” This means our money does not go into the profit and loss of a racecourse’s sponsorship budget but rather to where it is needed most – to British based owners. 2/24 3 BRITISH EFB REVIEW 2017 SINCE IT’S LAUNCH IN 1983, THE BRITISH EUROPEAN BREEDERS’ FUND HAS ALLOCATED OVER £33,100,000 TO THE BRITISH RACING INDUSTRY 4 5 BRITISH EFB REVIEW 2017 TRUSTEES OF THE BRITISH EBF 2017 ELARQAM wins British EBF Maiden, York PHILIP MITCHELL JULIAN RICHMOND WATSON JAMES MCHALE SIMON MOCKRIDGE SAM BULLARD CHRIS RICHARDSON CHAIRMAN TBA CHAIRMAN WEATHERBYS JUDDMONTE FARMS DARLEY STALLIONS CHEVELEY PARK STUD Formerly General Manager of Juddmonte Julian currently serves as Chairman James was appointed as head of In 1981 Simon was initially employed Sam is Director of Darley Stallions Chris has been Managing Director of Farms; Philip chairs both the board of of The Thoroughbred Breeders’ Weatherbys Bloodstock in December to work at Prince Khalid’s foundation for Godolphin Management Co Ltd the Thompson’s Cheveley Park Stud trustees and the British EBF flat race Association. His previous roles include 2016. He was founder, and director, of farm Wargrave (formerly and now having joined the company in 2001. since 1987 following work in France planning committee. Philip is also a Chairman of Newmarket Racecourses, Progeny Stallions Ltd, and has held a known as Cayton Park Stud). In 1987 Sam’s career in the thoroughbred and the USA, including for the Niarchos board member and consultant to the Senior Steward of The Jockey Club, number of senior management positions Simon relocated to Newmarket and was industry started as an assistant trainer family at the Haras de Fresnay Le Buffard National Stud in Newmarket. Chairman of BHB Race Planning working with high profile clients promoted to Stud Manager, to help set in Newmarket after four years in the in France, where he looked after the Committee, Member of the BHB Board, within the industry. He has extensive up the newly purchased Banstead Manor Household Cavalry. He gained further stallions including the great NUREYEV. Chairman of the Epsom Race Committee, bloodstock knowledge, gaming and Stud. In 2016 Simon was appointed experience in Kentucky and Santa Chris then managed Spring Oak Farm Director of United Racecourses, and betting industry experience, was the top Stud Director of Juddmonte’s UK farms. Anita, California before returning in Lexington Kentucky for 6 years, Non-Executive Director of Pure Gym ranked management trainee in 2009 on Simon holds board roles with the to work in the UK at The National before returning to England to join Ltd. Richmond-Watson owns a stud the Darley Flying Start Programme and Newmarket Stud Farmers Association Stud. Sam has run his own successful Cheveley Park Stud. farm in Northamptonshire and has bred Assistant Trainer to Ian Williams. (NSFA) and Thoroughbred Breeders’ bloodstock consultancy and been a a number of winners including LOOK Association (TBA) Veterinary Committee. keen amateur jockey with 40 winners HERE, the 2008 Epsom Oaks winner. in point to points and under rules. SIMON SWEETING OVERBURY STUD PETER MENDHAM In addition to his responsibilities at Simon took up the lease on Overbury TBA TRUSTEE Darley Stallions and the British EBF, Stud in 2000 which coincided with Peter is a member of the Board of the he is past Chairman and remains on the opportunity to stand KAYF TARA Thoroughbred Breeders‘ Association and the Board of Fakenham Racecourse and and the launch of Overbury Stallions is a TBA nominated trustee. He is a tax the Thoroughbred Breeders’ Association Ltd. In the early 1990s he spent four specialist with many years of experience and is a trustee of World Horse Welfare. seasons at Warren Place as Assistant to working in the bloodstock industry. On a Sir Henry Cecil – years that included personal level he has at various times an BOSRA SHAM’S 1,000 Guineas win. owner, breeder and pin-hooker. This was followed by a year in New York overseeing Bobby Frankel’s string and a further three years with Luca Cumani. 6 7 BRITISH EFB REVIEW 2017 FOUNDING Under the guidance of Our income streams: HOW IS THE PRINCIPLES the EBF Co-Ordinating BRITISH EBF Committee, the British EBF mandate is to: FUNDED? 1 78% is currently from • Support & protect races of contributions from British Stallion • Provide financial support for value to the Thoroughbred equine research beneficial to the owners nominating their horses Thoroughbred horse • Implement new races for (and therefore the resulting the benefit of the breed • Ensure a minimum of 70% of 2yo progeny) in to the scheme. maiden/novice races in GB are • Promote and support organisations confined to EBF eligible runners whose purposes include assisting and improving the breeding Farms register their stallions in of Thoroughbred horses June and pay the balance of the contribution (calculated from the number of mares covered in the preceding covering season) in December the same year. 2 18% of the revenue is generated from international stallion owner contributions. These are farms outside of the EBF member area (for example the USA and Japan) that wish the progeny of their stallions to be eligible to run in EBF races in Europe. 3 The remaining 4% comes from owners and purchasers paying to opt individual horses in to the scheme that are not the progeny of EBF nominated stallions. FLEUR FORSYTE wins EBF Galtres Listed Stakes, York 8 9 BRITISH EFBBritish REVIEW EFB Review 2017 2017 HOW DOES The size of the investable fund each year is TEN THINGS THE BRITISH dictated by the strength and diversity of the 1 2 TO KNOW stallion population. In 2017, this translated in We are Great Britain’s third EBF investment accounts EBF INVEST to £1.6million for flat racing and £125,000 largest sponsor by the number for 24% of the prize money ABOUT of races covered and total available across the races THE FUND? for National Hunt racing. prize fund we support THE EBF 1. Flat Prize Money 3. NH Prize Money £1.52million of the fund is put Approximately £125,000 a year is directly in to boosting the prize invested in National Hunt prize money of a wide range of flat money and supporting the breeding races across the programme. of National Hunt young stock. 3 4 This money goes direct to In addition, ring-fenced funds are Over 99.3% of 2yos racing In agreement with the BHA, owners through the BHA used for: in Great Britain were EBF we do not support Group races prize money system and is qualified in 2017 in GB so as not to restrict the not intended as commercial 4. Veterinary Research possibility of visiting international income for racecourses. £20,000 per year. We are currently horses running at flagship meetings part funding a project in to parasite 2. British EBF Development Fund resistance research at the University £80,000 is set aside annually of Cambridge in conjunction with and courses are encouraged to the HBLB (Levy board) and the TBA apply for investment to either (Thoroughbred Breeders’ Association). enhance or initiate flat races that fit the EBF mandate to 5. UK Emergency Disease improve the breed. Outbreak Fund 5 6 £50,000. In the event of an equine We sponsor Europe’s most 78% of our annual investment disease outbreak in the Thoroughbred valuable 2yo Maiden race – the comes directly from the population, this money may be British Stallion Studs EBF Convivial income from stallions based accessed to affect emergency help. Maiden at York, worth £70,000 in Great Britain 7 8 The Bloodstock industry Independently owned (British EBF, Stallion Studs & racecourses receive a larger TBA) is GB racing’s second proportion of the British EBF