In a rapidly evolving landscape, California's racing industry is navigating significant changes as it shifts focus to the southern part of the state. The California Association of Racing Fairs (CARF) has decided not to hold a race meet at Pleasanton at the start of 2025, leading to a new stabling agreement with Alameda County Fair. This decision comes amid discussions about financial challenges, purse overpayments, and the redirection of simulcasting revenues. In an interview, Bill Nader, executive director of the Thoroughbred Owners of California (TOC), discussed these developments and their implications for the future of racing in California.
A New Chapter for California Racing: Changes and Uncertainties
In the heart of a season marked by transition, the racing community in California is witnessing a significant shift towards Southern California. The recent decision by CARF to halt racing activities at Pleasanton has set off a chain of events that will reshape the industry. The stabling agreement between TOC, Alameda County Fair, and CARF now extends only until March 25, 2024, instead of the originally proposed June. This shortened timeframe introduces uncertainty regarding the continuity of operations beyond this date, especially if the number of stabled horses falls below 500.
The agreement outlines specific terms for stabling and training days, with provisions for flexibility in scheduling dark days based on event requirements. Financial support for this arrangement comes from a split between Southern California tracks—Santa Anita and Del Mar—and purse funds. Additionally, there are plans to address the $800,000 purse overpayment from the recently concluded Golden State Racing meet, with a portion of the funds being redirected to assist CARF in its current financial situation.
Looking ahead, the redirection of simulcasting revenues could bring substantial financial benefits to Southern California tracks. Based on the 2023 calendar, approximately $20 million is expected to flow southward, divided equally between purses and track commissions. However, the success of this plan hinges on the continuation of fairs in Northern California. If these fairs do not proceed, the redirected funds will need to be reallocated, potentially impacting the availability of races and incentives for horsemen.
From a broader perspective, the industry must also contend with operational debts and the challenge of maintaining horse populations. The potential discontinuation of stabling agreements after March 25 could compromise the summer fair schedule, necessitating strategic planning to ensure continuity and stability.
The projected revenues from simulcasting monies offer a glimmer of hope for improving purse conditions, particularly at Santa Anita, which faces a $6 million deficit. Meanwhile, Del Mar, with a smaller deficit, may see more immediate benefits. The coming months will be crucial in determining how effectively these resources can be utilized to support the racing community and enhance opportunities for owners and trainers.
Reflections on the Future of California Racing
As a journalist covering the racing industry, it's clear that the decisions made in the coming months will have far-reaching consequences. The shift towards Southern California represents both an opportunity and a challenge. While the redirection of funds and the restructuring of agreements aim to stabilize the industry, they also introduce uncertainties. The success of this transition will depend on the ability of stakeholders to collaborate and adapt to changing circumstances. Ultimately, the goal should be to create a sustainable environment that supports all participants in the racing community, ensuring the long-term health and vibrancy of the sport in California.