Derby Trail Forums - Whitely calls for BCL resignations; Ending foal noms

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Whitely calls for BCL resignations; Ending foal noms

The following commentary on the Breeders’ Cup announcement to suspend funding of 2009 stakes supplements was written by Rob Whiteley, who for 18 years ran Carl Icahn’s Foxfield commercial breeding operation and now owns Liberation Farm, one of the Thoroughbred industry’s largest and most successful breeding entities.

The decision by the Breeders’ Cup management to completely drop the supplemental stakes program, totally confirms that the inmates are running the asylum. Dropping all 121 supplemental stakes clearly shows how encapsulated and insulated executives, who lack a comprehensive understanding of the industry or a conscientious concern for fiduciary responsibility to its broad-based constituents, can make ill-conceived judgments without proper oversight and supervision. My friend John Gaines must be turning over in his grave at this level of arrogance and incompetence.

COMPLETE COMMENTARY AT PAULICKREPORT.COM
http://www.paulickreport.com/blog/ma...-resignations/

I hope many others who had the rug pulled out from under them follow suit and opt out of the BC nominations.

Right on the heels of adding big money races to the BC for divisions that don't really exist.

Brilliant.

Quote:

Furthermore, why has this announcement been made shortly after we nominated our 2008 foals, rather than before? Have we simply been making donations? It seems to me that by paying our fees each year based on established expectations, we have an implicit but clearly understood agreement or contract that has now been violated? Whether this astonishing announcement represents mismanagement, fraud, or some other form of malfeasance, I for one want my 2005-2008 fees returned.

I've no knowledge of the law, but it sounds like a class-action lawsuit against Breeders Cup from the breeders may be enlightening.

Edit: thinking more upon this, isn't there indeed that agreement that if you nominate your foals, BC in return promises that your foals will have races of a certain purse amount available to run in?

Everyone paying nomination fees withdraw and demand fees back? Sheik Mo's ears are a burning. HOW MUCH?

IMO This was lawyer prepared for sure. BC 2010-2050 Dubai?