Contact: Eric Wing (914) 481-8390
The National Thoroughbred Racing Association (NTRA) announced today that Fasig-Tipton, Co., North America's oldest Thoroughbred auction company, has rejoined the NTRA effective immediately.
As part of the new agreement, Fasig-Tipton will pay membership dues to the NTRA by matching the contributions from buyers, sellers and consignors participating in the 1/4–percent check-off program currently in place at all Fasig-Tipton sales throughout the year. The NTRA's voluntary check-off funds Federal lobbying for the horse racing industry and is supported by buyers, sellers and consignors participating in Thoroughbred auction sales, who contribute one-quarter of one percent of the price of a horse bought or sold at auction.
"This is a time when every aspect of Thoroughbred breeding and racing faces challenges, and our industry needs a strong voice on Capitol Hill," said Fasig-Tipton executive vice president Dan Pride. "Our customers have shown their commitment by supporting the work of the NTRA through the check-off program, and we are happy to join them through our matching contribution."
"We welcome Fasig-Tipton back to our membership ranks and thank them for all they have done to facilitate and encourage contributions to the NTRA's voluntary programs from their clients," said Peggy Hendershot, the NTRA's senior vice president-legislative. "We look forward to working with Fasig-Tipton to educate Thoroughbred bloodstock investors about legislative issues that confront the horse racing industry, and the current tax benefits available to prospective horse buyers."
The NTRA is a broad-based coalition of horse racing interests consisting of leading thoroughbred racetracks, owners, breeders, trainers and affiliated horse racing associations, charged with increasing the popularity of horse racing and improving economic conditions for industry participants. The NTRA has offices in Lexington, Ky., and Rye Brook, N.Y. NTRA press releases appear on the NTRA web site, ntra.com.
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