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Wednesday, January 19, 2005

$20,000 yearling for $4,000 courtesy of BOBS Bonus Fund
The new BOBS Bonus Fund has attracted widespread (and enthusiastic) comment after it assisted Tas Morton in purchasing a $20,000 yearling at Monday's Inglis Classic Sale for just $4,000!

RacingNSW ran with the following press release:

Great Buy For Trainer - Courtesy BOBS

The sale of Lot 336 during today's Inglis Classic Yearling Sale session represented an exciting new era in RacingNSW's successful BOBS Scheme.

Lot 336 is a bay filly by King Cugat (USA) from Stray Bullet and was offered by Goodwood Farm of Murrurundi.

The buyer of the yearling was trainer Tas Morton of Port Macquarie. Morton trains Yarras which won races at Port Macquarie on Tuesday 4th January (prizemoney of $4,550) and Friday 14th January (prizemoney of $6,500).

Yarras is by the BOBS stallion Beautiful Crown which stands at Alanbridge Stud Aberdeen at a fee of $15,000.

Yarra collected a net BOBS bonus of $4,000 for each of the wins and instead of taking the $8,000 cash, Tas Morton notified Racing NSW that he would take the "double up" bonus ($16,000) as he would be purchasing at the Inglis Sale.

Racing NSW credited Morton's BOBS Buyer account with $16,000 and notified William Inglis & Son Ltd. Morton then bought Lot 336 for $20,000 - with Inglis invoicing Racing NSW for $16,000 and leaving just $4,000 for Morton to outlay.

"This is an unbelievable scheme," said Morton. "I can't wait to win more bonuses and get to the Easter Sales."

Peter V'landys, RacingNSW's Chief Executive, was delighted with the news: "All BOBS Bonus winners are urged to take the "double up" option. This will strengthen our industry at every level.

"Bonus winners can simply notify RacingNSW and we will establish your "BOBS Buyer" account to deposit your bonuses automatically. Account holders can then access that account whenever they wish to purchase a BOBS-eligible yearling at sales conducted by participating Sales Companies William Inglis & Son and Magic Millions."


Posted by: AthloneAssociates at 10:02 PM    | Permalink

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