Friday, 27 April 2018

PRODUCE DEADLINE FAST APPROACHING AT CLONMEL



PRODUCE DEADLINE FAST APPROACHING AT CLONMEL

Such has been the trend in major events over the past few seasons that there is hardly any need for panic when entries are slow to arrive, even in the last week before deadline but Eddie Anderson would welcome a deluge of names for the 2018 Larry O’Rourke sponsored National Produce Stakes which commences on Sunday week, May 6th.

Carrying a €20,000 winner’s prize, entries will close on this coming Tuesday at 10 am in readiness for the draw but having not reached the halfway point in the search for 54 runners as of yet, all at Clonmel would appreciate entries as soon as possible.

So many of the bigger events get labelled as classics in the modern era but in truth, there are only a handful of true original classics and the National Produce Stakes holds a special place in the history of Irish greyhound racing since first claimed by Sporting Fancy in 19.39!

Indeed, with the changing complexion of racing in modern times and a shift to 550 yards for many major events, it is the younger generation of the sport who enjoy the greater opportunity to contest for major honours as even the English Derby has now gone beyond the previously traditional 525 yard classic distance and the Produce Stakes is a precious opportunity for youngsters who will see their options limited at that trip as they advance.

Of course we always expect the major kennels to fill the bulk of entries in the classics and it can be daunting for smaller outfits to entertain the thought of a classic entry in exalted company. That is something that my own family kennels have been guilty of in the past but in reality, there is simply nothing to be lost in contesting these events with promising young racers and inspection of the recent Kirby Memorial will reveal many in the latter stages that were graded racers before heading for Limerick! How well did they advertise their breeding line, their dam or even their attractiveness as a possible prospect for sale?

To emphasise, 2015 winner Ballybough Mondo entered the event while graded A2, Whiteys Hawk was an unraced Novice Open before the first round in 2011, a year after Faypoint Dave entered the event as an A1 runner in 2010.

With four to qualify from each of the opening two rounds of the Produce Stakes, it should be noted that all bar 18 of the 54 entries will get their entry fee back at the very minimum.

THE 2018 NATIONAL PRODUCE STAKES

For 54 greyhounds @ €70 each that were whelped in 2016. It’s important to note that the first four will qualify from the FIRST & SECOND rounds so all bar the 18 greyhounds eliminated from the first round will, at least, get their money back.

WINNER: €20,000 & TROPHY

First Round: SUNDAY, MAY 6

Entries Close: Tuesday, May 1 at 10 am Draw will take place at 12

Entries to Eddie Anderson at 052-6183334 / cmltrack@gmail.com

Thursday, 26 April 2018

Sale of Harold’s Cross to provide €6 million reinvestment


Sale of Harold’s Cross to provide €6 million reinvestment for greyhound racing



Investment marks a ‘new beginning for greyhound industry’



The sale of the former Harold’s Cross greyhound stadium is expected to be completed shortly as contracts have now been signed between the Irish Greyhound Board (IGB) and the Department of Education & Skills for the sum of €23 million euros. Approval has been granted by the Minister for Agriculture Food & the Marine and the Minister for Public Expenditure & Reform for the IGB’s Business Plan for the surplus of some €6 million from the sale to be reinvested, as outlined in the recently published Strategic Plan 2018-2022.



Phil Meaney, Chairman of IGB commented ‘This investment marks a new beginning for the greyhound industry. In recent years, a long term debt has acted as a financial strait-jacket on our industry. The sale of Harold’s Cross will now provide some €6 million to reinvest. Our Strategic Plan proposes a capital development programme totalling €12 million which includes upgrading Shelbourne Park, further welfare enhancements, IT upgrades and improving basic facilities to the benefit of all that participate in and enjoy the sport. However all investments over the five year period are contingent on financial resources being available. The surplus funds from the Harold’s Cross sale will allow us to make significant progress on implementing our plans.’



The interim 2017 financial statement by the IGB reported a group operating surplus of €1.67 million (EBITDA), a reduction from €3.2 million in 2016. The statement highlighted the impact of Shelbourne Park’s 22 week closure which ended in June 2017. Total attendances were reduced by circa 98,000 in the Dublin region (2016 national total 636,914) to 514,546 customers in 2017. The disruption to racing at Shelbourne Park also adversely impacted on other income streams, principally all tote betting platforms.



A recent report by Economist Jim Power, The Economic and Financial Significance of the Irish Greyhound Industry calculates there are 5,058 full and part-time jobs within the sector with a further 7,313 greyhound owners deriving economic benefit. The impact of this employment creates €171 million in additional spending while the greyhound owners contribute €135 million in spending. The national industry therefore contributes €300 million in additional economic activity. Of the 16 stadia within Ireland, 15 are located outside Dublin which the report states, highlights the contribution to rural communities in additional jobs and spending. The PAYE/PRSI contribution per annum is estimated at €12.7 million.