The racing world in T&T was hit with the expected announcement that leading racehorse owner Derek Chin was disposing of all of his local racing interests and demitting the sport in T&T. Although the announcement itself was not unexpected, given the ongoing imbroglio involving the T&T Racing Authority (TTRA) chairman's horse, Boogie Blues, his departure leaves a significant void in the local industry. While there remains a number of unanswered questions and the matter seems headed to the local courts (maybe even the Caribbean Court of Justice), Chin has put all of his racing stock up for sale, believing that he has been unfairly treated by many including perhaps even the Minister of Trade and Industry Stephen Cadiz. Whatever the circumstances, it is very unfortunate that this matter could be dragged along because people were either afraid to make decisions or were too ill-informed to care. In this regard, there have been reports that Christopher Armond has not been paid the last couple of months by the TTRA for his extensive work as an advisor and also that David Loregnard, the former secretary of the TTRA, who was existing outside of the TTRA since Chin's appointment, is being brought back into the full working division of the TTRA. Some believe, all of this added to the questions over the 2011 Gold Cup victory, may have forced Chin to relinquish all his positions in horseracing. Perhaps the honourable Minister will indeed answer whether these were promises made to Chin and if so, why have they now been broken. The local racing industry cannot afford to lose an owner such as Chin. At the recently concluded Ocala April Sales of Two Year Olds in training, local buyers purchased seven thoroughbreds only.
Last year, purchases by local owners amounted to approximately 15 horses while in 2010, it was reported that at least 22 two-year-olds were purchased (at various sales). The decline in the number of purchases can be directly linked to the exodus of top owners from the sport in this country, mainly through frustration with both the system and the people that administer the sport. There are currently just a handful of owners willing to invest in acquiring new foreign stock to improve the quality of racing in this country. In past years, Chin and Junior Sammy were two of the more prolific buyers of imported stock. The industry is hurting as a result of the absence of the latter and the departure of the former will only add to the hurt. It is interesting that in both cases, there are common problems and common persons connected to both situations. The pity is that it would appear that the Betting Levy Board (BLB), another government appointed board chaired by former Arima Race Club (ARC) president, now BLB chairman Kama Maharaj, also has knowledge of what is needed to solve some of the situation and perhaps Minister Cadiz needs to consult him as well, after all he did appoint both Chin (TTRA) and Maharaj (BLB) to these governmental Boards...Or did he? The departure of Chin does not only impact on the horse population, it is also creates a significant void in the intelligence and ideas quotient in the industry. Chin was undoubtedly a visionary and under his leadership and stewardship, the industry displayed more innovation than on any previous occasion in the recent past and that is a fact. The other major news this week was the very public war of words between the BLB and the Bookmakers' Association. First a recap. The matter began when the BLB's chairman launched a public attack on the bookmakers, effectively questioning the quantum of taxes paid/collected. The Bookmakers responded immediately with a full page advertisement casting various aspersions on the operations of the BLB and to a lesser extent, the Arima Race Club. All of the stakeholders then responded with their own full page advertisement supporting the work of the BLB and reiterating the concerns over the quantum of tax paid by the Bookmakers. The numbers do make somber reading.
According to the latest release, whereas the taxes paid by the ARC increased by 113 percent between 2006 and 2011, the taxes paid by the Bookmakers decreased by 14.1 percent. First of all, the following comments are based on the presumption that these numbers have been verified by the signatories to the latest release-the chairman of the BLB, the president of the ARC and the presidents of the Jockeys Association, Stud Farm Association, Racehorse Owners Association and Trainers Association. This caveat has to be mentioned up front because we have seen in recent times at least one incident of a statement from a vocal public figure citing extremely false numbers with great confidence. Unfortunately many of these individuals do not have the strength of character to subsequently admit that they had misled the public. Fortunately these wrongs have a way of righting themselves on occasion, because while to err is human, to conceal is criminal. As mentioned above, I will work on the basis that those quoted numbers have been confirmed, particularly as these men, have all signed their names to this statement which would suggest some semblance of evidence in their findings, and until the Bookmakers refute it, we have no choice but to follow this line of thinking. The only way that the ARC tax payments could have gone up, while the Bookmakers' declined, would be as a result of a significant shift in gambling patterns away from the Bookmakers and towards the ARC (and their OTBs). This shift would result in a major market share move in favour of the ARC. Unfortunately for the Bookmakers, there is no anecdotal evidence to support such a development. It is true that a number of betting shops have ceased operations over the last five years but this would have to be accompanied by a substantial increase in the mortality rate for horse racing gamblers for the Bookmakers to have any possible defense. The best defense at this stage would seem to be to question the validity of the quoted numbers.
Whatever the pros and cons of either sides' position, there is no doubt that it is another shot across the bow of the horse racing industry. There was a point in time when it appeared that the Bookmakers and the BLB/ARC were combining their resources in the best interest of the industry, in fact such was the apparent camaraderie, that the Bookmakers in recent years were sponsors of a racing day at Santa Rosa Park. That harmony seems to have evaporated over the last few months. The current fight, as with the exodus of leading owners, will only hasten the further demise of the local racing industry. While the Bookmakers may believe that they can survive without any local racing sector, they should have a look at what has transpired in countries without their own local racing product. It is difficult to rationalise the reasons for the correlation, but again, anecdotal evidence has shown that when a local racing industry is allowed to die or folds up, the local racing gambling sector tends to diminish. Part of this could be that a large segment of the horse racing gamblers in a country tend to come from those employed in the sector (quoted at 5,000 persons presently) and those actively involved in the local sport as an owner or otherwise. When the local sector disappears, so does those 5,000 jobs, the gambling activities of those individuals and the general interest of the owners and other players. There are numerous other gambling options for owners such as the members' clubs, and online betting sites. Those with the knowledge and interest so to do, will simply switch their attentions out of horse racing altogether, is this either want at the moment. Some have suggested not for the first time, that it is another case of misguided or inflated personalities on both sides. If that is so, then horseracing needs to find a mediator to solve this problem. I can think of at least two persons, one is Tony Harford, the other is Joe Hadeed.
