Tremendous
boost to Victorian racing and breeding through the week with the announcement
of Super VOBIS Gold. Here’s the nitty gritty …
The Victorian Coalition Government today delivered on
its election commitment to support the state’s thoroughbred breeding industry
by announcing a new multi-million dollar program to boost prize money and
bonuses for Victorian bred racehorses.
Minister for Racing Denis Napthine joined TBV President
Tim Johnson, Racing Victoria (RV) Chief Executive, Rob Hines, to announce that
the Government would provide almost $6.8 million over four years to help
establish VOBIS Gold.
VOBIS Gold, which will be offered in addition to
Victoria’s successful Super VOBIS scheme, provides owners of horses bred in
Victoria with the opportunity to significantly increase their earning
potential.
VOBIS Gold will offer $20,000 bonuses at up to 350
races conducted across all ages, classes and tracks, plus an annual $1 million
restricted race series exclusively for VOBIS Gold qualified horses will be held
across city and country racecourses.
A total of $18 million in VOBIS Gold and Super VOBIS
bonuses will be on offer in Victoria each year with entry into the VOBIS Gold
program courtesy of a one-off $1000 fee for qualified yearlings.
Under the scheme, the owner of a qualified horse
winning a standard $12,000 Victorian country race with a VOBIS Gold and Super
VOBIS bonus attached will collect $25,235 compared to $6,825 for an unqualified
horse.
Similarly in Melbourne, the owner of a qualified horse
winning a standard Saturday metropolitan race with a VOBIS Gold and Super VOBIS
bonus attached will collect $72,800 compared to $42,700 for an unqualified
horse.
“VOBIS Gold is a brilliant system which will provide a
real boost to the Victorian racing industry by encouraging owners and trainers
to not only purchase Victorian bred yearlings but to also race their horses in
Victoria, particularly at country racecourses,” Napthine said.
“VOBIS Gold will help to produce more Victorian born
and bred champions of the turf like Black Caviar.
“Under VOBIS Gold, owners of horses already eligible
for the existing Super VOBIS program will pay a one-off nomination fee that
will give owners even more opportunities to share in prize money bonuses in
specific races throughout the state.
“Both Super VOBIS and VOBIS Gold will be open to the
progeny of all Victorian based stallions and foals of dams owned by Victorian
breeders.
“Through the new initiative, owners, trainers and
jockeys of the first three placegetters in VOBIS Gold races will benefit from
the prize money bonuses,” Napthine said.
Hines said the establishment of VOBIS Gold showed the
Victorian Government’s support and on-going commitment to the Victorian
breeding industry, which is continuing to produce stars of the track locally
and abroad.
“We are delighted to launch VOBIS Gold which
complements the lucrative Super VOBIS program here in Victoria and provides
even more riches for those people racing horses in Victoria that are bred
within the state,” Hines said.
“VOBIS Gold will deliver increased returns to owners,
providing opportunities for qualified horses to claim a lucrative VOBIS Gold
bonus across all ages, classes and tracks, particularly in regional Victoria.”
Thoroughbred Breeders Victoria (TBV) President, Tim
Johnson, said VOBIS Gold was the culmination of TBV’s work over the past 18
months to strengthen Super VOBIS.
“The Victorian Government’s substantial injection of
funds has been the most significant factor in delivering the desired result,
that is, an improved scheme that will benefit all breeders in this state,”
Johnson said.
“The Victorian Government’s commitment to assist
breeders is unprecedented. By reinvesting racing funds into a bonus scheme
which boosts returns to owners of Victorian bred horses the flow on will be
increased demand for the Victorian product.
“Breeders will now have even greater confidence to
continue to invest both in breeding stock and infrastructure. One of the big
winners from this announcement will be regional Victoria.”
This season’s yearling crop will be the first to
compete for VOBIS Gold bonuses when they hit the racetrack from late 2012.
The one-off yearling entry fee will be due on 1 June each year with the
nomination form and details for the initial crop to be distributed in early
2012.
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Tim Johnson (TBV), Rob Hines (RV) and Dr Denis Napthine |