KINGSTON, Jamaica – Stakeholders in the local horse racing industry have rejected an offer for a purse increase of $27 million by the promoting company, Supreme Ventures Racing and Entertainment Limited (SVREL).
As a result of this rejection of the offered purse increase, the stakeholders comprised mainly of owners, breeders, jockeys, trainers and grooms have decided that horses until further notice, will not be nominated for racing. The next race meet is scheduled for next Saturday, July 15, 2023.
At a lively meeting held this morning (Tuesday, July 11) at Caymanas Park involving the various stakeholders, and SVREL led by its executive chairman Solomon Sharpe, the proposal for the $27 million increase was made. After spirted toing and froing, the stakeholders made their decision of non-acceptance known, before leaving the meeting.
During the course of the meeting, several other issues were brought to the fore. These issues will be dealt with by Quickgallop.com in other upcoming articles.
7 Responses
We Owners Overseas depend on Quockgallol but u guys are not as sharp as before
Please explain
Thank you quick gallop for keeping us informed, you're doing an amazing job..we appreciate you very much 👍
Thanks for the comment and kind words.
may be its a good thing, put local racing on pause, the promoting company should put more emphasis on simulcast racing. The carryovers for local racing should be put on the foreign tracks, they would be surprise at the support they would receive. Let the local stakes holders shoot them self, happy ending. lol.
Thanks for your comment.
over the years i have notice that most of the stake holders in local horse racing are so naive and short sighted. Supreme Ventures is doing so much to keep horse racing going in Jamaica, the so called stakes holders need to do so much more to keep local racing afloat. At this time in Jamaica we all have to give and take, if they want to strike, so be it, they must know how that will benefit local racing. Supreme Ventures has more options that is more economic viable but may be the stakes holders can survive without local horse racing.