You hear an article by Canadian Thororbred.com. The position of CTHS-BC regarding the TRBC Joint Trust Agreement of: CTHS BC | .
How they may be aware of Gary Johnson invited BC breeders and owners on behalf of BCTOBA and HPBA To an information meeting in Vernon April 12th. CHS BC members are encouraged to take part. Some of the CTHS BC executives will be present.
Gary Johnson presented CHS BC With a document with the title ” Fully circular race British Columbia, Common trust contract. This document was founded by Gary Johnson, as well as the Rasonbred Rennbritish Columbia, when one voice in the name of the partners of the racing industry founded in negotiations with the representatives of the BC government officials to apply for the financing of the horse racing industry in BC
CthSBC was not invited to assist with the development of the trust contract. At a board meeting in which Mr. Johnson took part, we were told that if we wanted to be part of the funding application for industries, we would have to register in the trust agreement.
The agreement on the allocation of industry financing is not provided. There is no representation of the other parties about the percentage of financing to be assigned to the breeders by CHS BC.
For those among them who were breeders in 2010, the government asked the racing industry partners HPBA and CHS BC to have a representative of both organizations of both organizations so that the government did not have to negotiate separately with thoroughbred, owners and standard breds. For this purpose, BCTOBA was created as a representative of the industry. The slow Glen Todd was the spokesman with whom the government dealt. The industry funds flowed through BCTOBA and were assigned.
Fully circular race British Columbia (TRBC) It is now created to do what BCTOBA has been created. In this structure of the joint trust agreement, BCTOBA receives 2 votes, HPBA receives 2 votes and CHS BC is said to have 2 votes. This is once again designed so that the breeders have no meaningful voice.
We understand that the funds for industry financing of:
1. The handles of Hastings and Fraser Downs;
2. The TBC locations;
3 ..
V.
The total turnover of 1, 2 and 3 over less than $ 1 million is distributed from the top of the industry management committee to spread marketing and business to the sectors of track operators, thoroughbred and standard books. The distribution for the funds is decided by the HRIMC. The split is currently 43.200% for the track operator, 33.635% for the thoroughbred sector and 23.165% for the standard bred sector. The funds for the CHS BC incentive programs would come from the marketing fund.
The Monies for the Breeders Awards programs are 10% of the total amount that is given to the thoroughbred sector.
As part of the Joint Trust contract, there is no guarantee that the CTHSBC would continue to receive the 10% of the revenue section of the thoroughbred sector or the funds for breeding or breeding improvements
CHSBC has not received any funds for improving breeders or incentive programs for breeders since 2020. Practically all BC -protected breeds were dropped, so the future is the only BC -breeded race. While this went into CTHSBC, the decisions for the financing assignment were not included.
CTHS BC has offered to work with HPBA to provide programs that will improve and promote the race with the development of breeding incentives that bring back breeding and augment the foal culture to improve the racetrack of Hastings.
As we all know, the horse population disappears into Hastings because breeding largely drops due to a lack of financing.
CHS BC wants to be part of the solution. We do not want the current status to be continued, which will ultimately lead to the decline of the race in BC and the TB breeding industry.
