The complete dispersal of the Perretti Farms equine inventory will occur over a two-year period starting in November of 2011 at Harrisburg. The announcement was made by farm owner William J. Perretti
.
A total of 160 broodmares will be dispersed at the Harrisburg Mixed Sale on Friday, November 11, while the weanling crop will be sold as yearlings in 2012 at Perretti's traditional Lexington Selected and Harrisburg yearling sales venues.
The 2011 yearling crop will be offered as usual in Lexington starting October 3 and Harrisburg commencing November 7.
All yearlings will be available for inspection at the farm as has been the Perretti custom for the past 20 years.
It is anticipated that the broodmares will arrive at Harrisburg prior to the traditional Thursday night changeover in order to be available for inspection on the farm show premises prior to the Friday dispersal. They can also be inspected at the farm the final week of October.
(Perretti Farms)
Murray Brown is absolutely
Murray Brown is absolutely correct Mr Gural has saved the Meadowlands and racing in New Jersey but it is up to the state to decide if the breeding industry is worth saving. Unless New Jersey funds a legitimate Sires stakes program and credible breeders awards program no breeding farm in New Jersey can compete with farms in Ontario, New York, Pennsylvania or Indiana. Kentucky and New Jersey are going to decide in the next couple of years whether rural employment, green grass and the horse industry are worth keeping. Michigan woke up too late to the auto industries issues , it appears Wahingston state didnt believe Boeing , so now we get to see if New Jersey legislators pick houses over horses.
B-Mac This all about
B-Mac
This all about economics. New Jersey money is leaving the state in multiple directions to the already mentioned states and making said states more lucrative as it relates to the harness racing industry. Logic will tell you that people will go go where the money is and with slots ata all of the harness tracks in NY, PA and DE, NJ is in BIG TROUBLE. When a staple like Perretti says they're a goner, then you're overall product is a goner as well. They might have have the most betable product in the Meadowlands, but the turnover in dollar on a slot machine dwarfs that of a dollar in horse racing handle. Congrats to Governor Christie for destroying his own to the benefit of his neighbors.
It is indeed very sad news,
It is indeed very sad news, but not at all unpredictable. I'm pretty sure its a combination of Mr Perretti being 84 years old and the bleak immediate future of the breeding industry in New Jersey. Although The Meadowlands has been salvaged and will hopefully go on to greater success, nothing, absolutely nothing has been done to help the Sires Stakes fund which is totally dependent on live on track wagering. They get zero from simulcasting. With less live days and diminishing live handle its likely that the Sires Stakes money will continue to decline.
In once sense, I suppose
In once sense, I suppose nostalgia, perhaps this could be looked at as a sad moment. On the flip side or more positive side, it creates a great opportunity to people getting into the breeding side of things or maybe expanding their breeding operation. Harness racing doesn't have to have a bleak future. I'm tired of hearing so many pessimistic people in the industry. All it takes is one really good idea and things can get better than they have ever been. Negative thinking, and sitting back feeling bad isn't the answer. The future is bright.
The State has no problem
The State has no problem with contributing $250 million for the privately owned Revel Hotel, $200 million to finish the privately owned Zanadu complex and $100 million for Panasonic to move 10 miles down the road......but when it comes to letting the horse racing industry compete on an even basis with competition in surrounding states, that is where the Governror says no.
New Jersey stands to lose $780 million of economic impact annually, 7,000 jobs, $110 million in federal, state and local taxes, and 57,000 acres of working agricultural landscape and open space should the racetracks close.
Slots/VLTs at the Meodowlands would produce $1 billion/year in new revenue without harming AC.
Perretti Farms complete
Perretti Farms complete dispersal is very predictable. With the Meadowlands having such an uncertain future with an abbreviated 75 day race meet who in their right mind is going to pay top dollar for a New Jersey bred. I guess now you either buy New York breds or Pennsylvania breds and watch them race in slot subsidized states in front of empty decaying grandstands at Yonkers and The Meadows and Chester. What a great business model harness racing has.
Why are they getting out of
Why are they getting out of the business?
Very sad news.
Very sad news.