Bob Bentley, Chairman of Queensland Racing Limited, has announced that Queensland Racing and Magic Millions have entered into a two year agreement whereby an “All QTIS Yearling Sale” will be held, commencing in March 2009.
The agreement means that the long standing QTIS scheme will now be linked to a yearling sale restricted to QTIS registered horses.
The carrot is that horses graduating from that sale will be eligible for a $4.19 million race and bonus series, backed by Queensland Racing, and, beyond that, each horse sold at the sale will also qualify for the $5.975 million Magic Millions race and bonus series.
This takes the total stakes incentive on offer under the new agreement to $10,165 million.
The payment of a fee of $3300.00 will be required for any horse to be eligible to chase these incentives.
The sale will be known as the QTIS 600 Yearling Sale.
The motivation for the deal according to Bentley, is to provide “increased incentive for owner’s to invest within the Queensland Racing Industry.”
“When considering that these horses will race for in excess of $10 million in additional races and bonuses, it is a compelling reason for both seasoned racehorse owners and those wishing to dip their toe in the water for the first time to be at Magic Millions in March 2009,” said Bentley.
Several leading breeders in Queensland expressed their views on the subject at the Queensland Racing Awards function last night. They unanimously praised this new initiative which some saw as a saviour for the breeding industry in the state.
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