Following an internal investigation by Supreme Ventures Racing and Entertainment Limited (SVREL), significant gaps in training have been identified, leading to stewarding practices at Caymanas Park falling short of international standards. As a result, SVREL Executive Chairman Solomon Sharpe has called for urgent intervention from the Ministry of Finance and the Public Service to address these issues and ensure the future integrity of horse racing in Jamaica.

The investigation was prompted after the Heroes’ Day race meet at Caymanas Park was abandoned on Monday, October 21, 2024. A group of punters reacted violently to the stewards’ decision in Race 2, leading to the event’s cancellation for safety reasons. Sharpe stressed that the current state of officiating is not up to par for a racing jurisdiction aspiring to world-class status.

“Our internal investigation has identified significant training gaps that have resulted in local stewarding practices falling short of international standards,” Sharpe said. He explained that while SVREL provides the facilities for racing, the stewards' oversight falls under the Jamaica Racing Commission (JRC), a government-appointed body. Sharpe believes this disparity between local and international standards must be addressed immediately.

In his statement, Sharpe emphasized that improving stewarding standards is critical for the growth of horse racing in Jamaica. He called for the implementation of mandatory certification programs for stewards, ensuring that they are properly trained to handle the complexities of modern racing. He also advocated for regular assessments and retraining of officials to maintain a high level of competence and consistency in their decision-making.

Sharpe further stressed the need for clear accountability frameworks to be established, so that all decisions made by stewards are transparent and based on consistent, well-defined criteria. This, he believes, would help avoid situations like the one on Heroes’ Day, where the lack of clarity led to confusion and frustration among punters. Moreover, Sharpe called for the introduction of an independent appeals mechanism that would allow for the review of stewarding decisions, ensuring fairness and trust in the system.

Sharpe explained that these reforms are essential to creating a level playing field and restoring confidence in the integrity of horse racing at Caymanas Park. He expressed frustration that despite previous discussions with the JRC about the need for improved officiating, little progress has been made.

The incident on Heroes’ Day, which caused significant financial losses estimated at over JMD$70 million, underscored the importance of addressing these issues urgently. While Sharpe acknowledged the passion of racing fans, he firmly condemned the violent behaviour that followed the stewards' decision, stating that it endangered lives and tarnished the reputation of the sport. "While we value our patrons' enthusiasm, any expression of discontent must remain within acceptable bounds of sporting behaviour,” he asserted.

Sharpe also expressed disappointment with the lack of response from industry stakeholders following the incident. He pointed out that many who are typically vocal about SVREL’s operations have remained silent on this serious breach of sporting conduct. He called on all stakeholders to take equal responsibility for the sport’s integrity and to advocate for improvements in officiating and the overall management of races.

“The growth and sustainability of horse racing in Jamaica require more than just infrastructure investment and promotional efforts,” Sharpe said. “It demands the consistent application of international best practices across all aspects of racing.”

SVREL remains committed to modernizing Caymanas Park and advancing Jamaican horse racing. However, Sharpe made it clear that this vision can only be achieved through collective responsibility, with all stakeholders playing an active role in improving the industry’s standards and holding each other accountable.

“The time has come for all stakeholders to demonstrate their commitment to the industry's growth not merely through words, but through actions, consistent engagement, and a willingness to address difficult issues head-on,” Sharpe concluded.

Jamaica's premier horse racing venue is poised for significant growth and more international recognition, thanks to a strategic partnership with the New York Racing Association (NYRA). This collaboration, ignited by the improvement being done at the park by operators Supreme Ventures Racing and Entertainment Limited (SVREL) over the past seven, potentially marks a turning point for the Jamaican horse racing industry.

In a major boost to the Caymanas Park's profile, NYRA and FOX Sports have committed to a two-year agreement to broadcast the prestigious Mouttet Mile Invitational live in the USA. This partnership renewal comes after the resounding success of the 2023 Mouttet Mile Invitational which was televised live for the first time on FOX Sports.

SVREL Executive Chairman Solomon Sharpe expressed his joy with the development. “Since SVREL has been at the helm of operations at Caymanas Park, we’ve made US multi-million-dollar investments into the product and the infrastructure as we strongly believe in the value of horseracing as an industry. We are very excited to have NYRA see the gem that Caymanas Park is and for them to step up and commit to investing in the product to help bring the sport to international racing fans. By all accounts, last year’s broadcast on FOX Sports was a hit. Racing fans from NY to California fell in love with the energy of racing at Caymanas Park and so we’re very pleased to have FOX and NYRA back on board for not just this year but also the 2025 Mouttet Mile. The potential for the growth of the local industry with the exposure and support from NYRA and FOX is limitless.”

Sharpe has consistently shared his vision for the facility to become the premier destination for sports and entertainment in the Caribbean.

In addition to broadcasting the next two editions of the Mouttet Mile, FOX Sports also stated that the extended coverage will showcase not only the world-class racing at Caymanas Park but also the venue's unique and electric atmosphere brought by the passionate racing fans. The partnership will also officially make the linkage between sports and tourism by including Jamaica’s natural beauty and historical sites in the broadcast partnership. They will also be showcasing not only the racing but the passion of the fans at Caymanas Park who add to the unique energy at the iconic venue.

Overseas punters are not to be left out as NYRA will offer a special Pick 5 wager that includes not only two graded stakes at Caymanas Park, including the Mouttet Mile but also the prestigious Cigar Mile at Aqueduct—a Grade 1 race with a purse of US$750,000.

"NYRA is looking to host an inter tote wagering double race with the Mouttet Mile and the Cigar Mile. Interest in the Mouttet Mile and by extension, Caymanas Park, has spread from coast to coast in the USA. Making betting on the Mouttet Mile accessible in the USA is a great achievement and it takes us closer to realising the ultimate goal of having the race included in the World Pool,” said Sharpe.

He also hinted at a possible purse increase for next year's Mouttet Mile.
The Mouttet Mile Invitational is a Grade One event for three-year-olds and upward going over a mile (1,600m) and in successive years has set the record for the largest purse in the English-speaking Caribbean. The 2024 purse is set at a historic US $250,000. The 3rd Running of the Mouttet Mile is scheduled for December 7.

This year’s staging is already shaping up to be an exciting affair with early interest from 7 prominent overseas-based horses and two local horses already earning their automatic spots in an exciting Win and You’re In promotion by copping wins in The Jamaica Derby (Gr. 1) and the Philip Feanny OD Gold Cup (Gr. 1). The final Win & You’re In instalments are The Jamaica Cup (Gr. 1) and Port Royal Sprint (Gr. 3) scheduled for November 9.

The collaboration between Caymanas Park and NYRA represents a significant milestone for Jamaica's horse racing industry.
Sharpe concluded “Over the past few years we’ve been able to attract some local corporate sponsors which we see as an endorsement of SVREL’s efforts to elevate horseracing and create a thriving ecosystem around it. This endorsement by an organization like NYRA bodes well for the future of racing and we can’t wait to welcome even more international partners on board as we grow a sustainable product. All of this happening in Caymanas Park’s 65th anniversary year makes it extra special.”

Building on the solid groundwork laid by SVREL's investments and innovations, this partnership with NYRA is expected to bring new opportunities, increased investment, and a higher international profile to Jamaican horse racing.

Since assuming operations of Caymanas Park in 2017, Supreme Ventures Racing and Entertainment Limited (SVREL) has invested billions of dollars in rebranding and revolutionizing the park as well as improving the commercial route to market strategy. The company’s latest investment comes in the form of a strategic partnership with market research company Bluedot Insights to conduct a comprehensive survey to gain insights into the industry locally.

According to Solomon Sharpe SVREL Executive Chairman, the company’s unwavering vision is to make making the premier destination of racing and entertainment in the region.

“Over the past seven years we’ve consulted with our stakeholders and made significant investments into improving the overall racing product. We’re very proud of what we have achieved so far. Even with the success and the enduring popularity of Caymanas Park and horseracing in Jamaica, we know there’s still more work to be done. Understanding our customers is at the core of our strategy. With that as our mission, we’ve engaged Bluedot Insights to conduct a comprehensive island wide consumer survey on our behalf.

"This survey is aimed at providing us with verifiable data from sports bettors, racing stakeholders and the general public that will further guide our strategic decisions and investments that will bring us further towards our ultimate goal – to make Caymanas Park the premier destination of racing and entertainment in the Caribbean,” said Sharpe.

“Our vision for Caymanas Park and the horseracing industry in Jamaica is one of growth and innovation. We will continue to invest in the park, introducing new features and enhancements that elevate the experience for all our visitors. Our commitment to the community and the sport remains steadfast, and we are excited about the future,” he added.

It was disclosed that Bluedot will provide a comprehensive report presenting quantitative and qualitative findings that details consumer profiles highlighting demographic, psychographic, and behavioral characteristics. This will be done in three phases.

"Bluedot aims to use our skills and expertise to provide SVREL with comprehensive insights that will be pivotal in allowing SVREL to refine their marketing strategies, customize their offerings to align with consumer preferences, and nurture stakeholder relationships essential for advancing the horse racing business," stated Bluedot CEO Larren Peart.

SVREL's investments in Caymanas Park have spanned various areas, from infrastructure upgrades like the installation of the largest digital tote board in the Caribbean and implementation of AmTote totalizer system, improved product offerings such as the new bet type options like Reggae-6 and Ketch-9 as well as fixed odds betting, to the integration of cutting-edge technology like the recently launched GMax digital timing system.

Supreme Ventures Racing and Entertainment Limited (SVREL), operators of Caymanas Park, have called for a review of Rule 44 (iii) enforced by the Jamaica Racing Commission (JRC) following the cancellation of two races during the April 27 race meet at Caymanas Park.

In a press conference on Monday addressing the abandoned races, SVREL Executive Chairman Solomon Sharpe expressed frustration with the rule, highlighting its potential impact on the racing industry.

"This rule, unique to Jamaica, imposes a strict five-minute limit after the published post time for races at Caymanas Park," Sharpe stated. "It fails to account for various factors that can delay race starts and penalizes all stakeholders when races are abandoned, affecting punters, jockeys, grooms, trainers, owners, promoters, and the government."

Last year, Caymanas Park contributed over $260 million in combined taxes to the government's coffers. Sharpe urged the JRC to engage SVREL in discussions on Rule 44, emphasizing the need for constructive dialogue to address the rule's impact.

"We were not consulted during the initial discussions on this rule, and now, with two races abandoned in a single race day, our concerns have materialized," Sharpe explained. "SVREL is open to collaborating with the JRC to review and refine this amended rule."

Representatives from the Grooms Association, Jockeys Association, and the United Racehorse Trainers Association echoed SVREL's concerns and supported the call for a review of Rule 44.

Sharpe concluded by appealing to regulators, stakeholders, and the public to support the growth of the horseracing industry in Jamaica. "Horseracing has immense potential in Jamaica and can become a significant foreign exchange earner. Realizing this potential requires collaboration among all stakeholders."

SVREL has been operating Caymanas Park since March 2017 after the government divested the property. With investments exceeding J$4 billion in product enhancements and innovations like the Mouttet Mile, which boasts the largest purse in the English-speaking Caribbean, SVREL remains committed to advancing the horseracing experience in Jamaica.

Having delivered according to expectations over the past two years, the hierarchy of Supreme Ventures Racing and Entertainment Limited (SVREL) have promised that this year’s third edition of the Mouttet Invitational Mile will be the best yet, as they announced three changes to the conditions for its marquee event.

Those three changes include the allocation of 10 starting stalls for horses domiciled in Jamaica before January 1, 2024, with six starting stalls now being allocated to horses not domiciled in Jamaica before January 1, 2024, while the winners of the Jamaica Derby, Jamaica Cup, Philip Feanny Gold Cup, and the Port Royal Sprint will gain automatic entry in the Mouttet Mile.

The first two changes represent a shift from last year’s conditions when 12 stalls were reserved for horses domiciled in Jamaica before January 1, 2024, and four for horses not domiciled in Jamaica before January 1, 2024.

These changes by the promoting company are in addition to reaffirming the Mouttet Mile’s status as the most lucrative single racing event in the English-speaking Caribbean with a staggering increase in purse from US$150,000 to US$250,000 ($38,000,000 Jamaican), which was announced earlier this year.

Chris Wills, SVREL’s acting general manager of operations, said it is only fitting that the promoting company surpasses its own milestone set last year when they had overseas-based jockeys and horses to add to the excitement that was livestreamed in the United States on Fox5.

This year’s edition of the Mouttet Mile, a Grade One race for three-year-olds and up over one mile (1,600m), is scheduled for December 7, when the promoting company aims to build on the momentum gained last year.

 “When we first conceptualized the idea of hosting a race day at Caymanas Park that could stand shoulder-to-shoulder with most of the prestigious events on the global racing calendar, it seemed like it was an audacious dream. However, with the approval of our board, we set to turn this dream into a reality.

“Of course, every ambitious endeavour requires the support of dedicated partners, and we were fortunate to get the backing of the Mouttet family, who not only shared our vision, but also provided the crucial support which was needed to kick start this incredible journey. Their belief in our vision enabled us to offer the largest purse ever in the English-speaking Caribbean,” Wills said during a press conference in Kingston on Tuesday.

“Since the first staging of the Mouttet Mile, I think it's fair to say the race has become the most anticipated race day in the Caribbean. It has raised the bar for what is possible for a standard we can deliver right here in Jamaica. The success of the first year was just the beginning. So, as we look ahead to 2024, I'm thrilled to announce that the best is yet to come. We are pulling out all the stops to make the third running of the Mouttet Mile Invitational an unforgettable event,” he added.

Aside from the Mouttet Mile, Gary Peart, chairman of Supreme Ventures Limited, pointed to the significance of sustained partnerships to shape the future of the overall racing product and the industry on a whole.

“Our mantra has been harmony and until all the stakeholders in horse racing come together in harmony, we will not truly realize the potential of horse racing. Most of the stakeholders are here, the only one that is outstanding is the government, and I'm appealing to my stakeholders, let's come together in harmony and let's walk and sit with the government because we think that Caymanas can not only change the fortunes of our stakeholders in horse racing, but the country on a whole,” Peart declared, as his hinted at the possibility of attracting more overseas patrons for this year’s event.

“Last year we were able to cut a deal to get Mouttet Mile on Fox Sports, and for the first time, horse racing from Jamaica was live on mainstream TV in the United States.

“It's very important, because if the experts at Jamaica Tourist Board and their team can see the potential of what a day of Caymanas Park is like, then it tells me to convince the rest of the ecosystem here and internationally that it is not going to be that great of a challenge,” he noted.

Meanwhile, SVREL’s executive chairman, Solomon Sharpe, who is overseas, lent his voice to proceedings, as he too promised that this year’s edition will again raise the bar to higher heights.

Trainer Alford Brown believes the presence of Japanese-born jockey Daisuke Fukumoto in Jamaica for the Mouttet Mile could be a learning moment for young riders, in particular, provided they grasp the opportunity to engage the reinsman when he visits Caymanas Park.

Fukumoto, who migrated to Canada from Japan in 2015 and rides at the Woodbine racetrack in the North American country, is said to be a big fan of Jamaica’s racing, and by virtue of his close relationship with veteran Shane Ellis, decided to grace local horsemen with his presence at the lucrative Mouttet Mile Invitational scheduled for December 2.

For Brown, who has booked Fukumoto’s services for two rides on that day, the hope is that the jockey’s visit will go beyond entertainment purposes, given the experience and knowledge he could impart to local riders based on his journey so far.

 “He was always eager to come here. So, the opportunity arose, and he jumped on it, purchased his own plane ticket and the promoters got involved by ensuring that he will be comfortable when he gets here,” Brown shared.

“It’s a very good thing for the punter's sake, for racing itself and the entertainment that it provides. More importantly, with the international jockeys being here, they could also teach some of our local riders a thing or two because you know, you learn every day and it doesn’t matter how good you think you are, there is always room for improvements, so it is just a matter of whether or not they are willing to learn,” he told SportsMax.TV.

For two years, Fukumoto studied English throughout the week and spent weekends hanging around at the track trying to catch a break. That break eventually came when trainer Reade Baker gave him a job as a groom.

From there, Fukumoto debuted as an apprentice rider in 2017 and rode his first winner on October 13 that year, his 20th birthday.

Though still fairly young, his career profile on Equibase shows Fukumoto boast a wealth of experience in the saddle with 2,586 starts, including 273 wins, 267 seconds, and 290 third-place finishes. He has career earnings of $10,949,852.

Last year, Fukumoto tallied 55 wins, with his best year in the saddle being 2020 when he rode 69 winners. His tally so far this year stands at 21 winners.

Fukumoto’s visit falls in line with Supreme Ventures Racing and Entertainment Limited (SVREL) Executive Chairman Solomon Sharpe and team’s ambitions to expand Jamaica’s racing presence on the international market by having high profile overseas personalities grace the track.

Renowned Gulfstream Park race announcer Peter Aiello recently made an appearance on the Jamaica Cup race card.

Brown agreed that having international jockeys and commentators at the track serves as an endorsement of sorts and only augurs well for Jamaica’s racing product, especially with the Mouttet Mile set to be streamed live in the United States on Fox 5.

“I think with such a high calibre jockey coming down to ride on that day, and the fact that we are going to be televised internationally, is a good look for us and our racing. It will also draw the attention of other riders to maybe one day take up the offer to come to Jamaica and experience our racing, so it can only go forward from here,” Brown noted.

Renowned Gulfstream Park race announcer Peter Aiello has lauded Supreme Ventures Racing and Entertainment Limited (SVREL) Executive Chairman Solomon Sharpe and his team for the direction in which they are taking Jamaica’s horseracing product.

In fact, Aiello, who will be making his debut at Caymanas Park on Saturday during the third running of the Supreme Ventures Limited (SVL)-sponsored Jamaica Cup, believes the potential for growth is very much on the cards, provided the promoters remains committed to their objectives.

SVREL took over promotion of racing in 2017 and has invested significantly as a means of driving the product forward. The broadcasting of their signal to overseas markets, the implementation of a solar power system, a partnership with New York-based Bridge99Fm, as well as the Australian-based BetMakers Technology group to offer Fix Odds betting, are among SVREL’s milestone achievements to date.

 “I am a huge fan of it. Since I have been here, I’ve kind of been picking everybody’s brain operationally speaking because that’s how my mind works, and everything just seems to be up. There are some really forward-thinking ideas, and one thing I like about it, it seems like it is more of a methodical approach where they are playing the long game,” Aiello assessed.

“It is not a scenario where somebody tries something, and it doesn’t work right away, and they give up on it. I think that is really important and I think it is something that the US racetracks are guilty of, they give up too soon. So, I really like the long-term projection, they are starting to see some positive results and I am happy to do what I can to make sure they continue on that positive, upward trend,” he told SportsMax.TV.

Aiello, a familiar voice in the world of horse racing, is associated with some of the most prestigious horse racing events in the 

United States. He expressed delight about bringing his expertise to one of Jamaica’s most highly anticipated race days.

The Jamaica Cup is the last significant event before the lucrative Mouttet Mile Invitational scheduled for December 2. In addition to the main event, the undercard will have eight high-stakes races contested by top horses, jockeys, and trainers.

“I have been a fan of Jamaican horse racing for probably two or three years now. Once Supreme Ventures made it available in the US, I caught on to it and really fell in love with it, so it is nice to actually be here,” Aiello said.

“I was looking back at the race card earlier and there are some really good races tomorrow. The Jamaica Cup is going to be exciting and “Spuddy” [Brian Rickman] and I have a nice surprise for everybody so make sure you tune in. But there is another race on the card that seems super exciting and that’s Desert of Malibu up against American Tap and Rani Bangala, that is a heck of a race, that is a championship quality race. So, the seventh and eighth races are what I am really excited about,” he added.

Regarding the Mouttet Mile, which will be streamed live in the United States on Fox 5, Aiello said it speaks volumes of the significant strides Jamaica’s racing has made.

“I think it is great, and I am hopeful that we can get some of the American influence behind it. I know Solomon Sharpe and the team are working to get as much influence as they can, but I think it’s a great thing and I am certainly willing to help as much as I can. The race will be shown on Fox 5 in the US this year which is great because that is the exposure that Jamaican racing needs,” Aiello noted.

“The purse is allegedly going up next year, so if the purse goes up, I think it is just going to be a situation where the horsemen and jockeys are going to have to take note of the state of the calendar and hopefully, we can get a worldwide experience, which would mean everybody wins,” he reasoned.

And with this being his first time in Jamaica, Aiello is relishing the experience.

“They are doing a great job of getting me to enjoy all these great Jamaican foods and I have to say I am going to be a bit disappointed that I won't be able to get a callaloo patty and some bammy when I get home," Aiello ended.

Though there has been no official word on the outcome of previous negotiations between horsemen and promoting company Supreme Ventures Racing and Entertainment Limited (SVREL), both parties seem to have found common ground for the most parts, as live racing is set to return to Caymanas Park on Saturday by way of a six-race card.

This follows the cancellation of races on July 15 and 16, after the Patrick Smellie-led United Racehorse Trainers' Association of Jamaica (URTAJ) opted not to nominate as a show of their discontent to the promoting company’s offer of a $27-million purse increase.

Following a meeting on Monday, Smellie and a majority of his counterparts declared intentions to again withhold nominations, if SVREL doesn’t offer a more attractive purse increase, which all but signalled the possibility of another cancelled race day.

However, a meeting between representatives of the Howard Hamilton-led Thoroughbred Owners and Breeders Association (TOBA) and the promoting company, also held on Monday, seemingly broke the deadlock.

The owners' group during that meeting, recommended that SVREL’s overpayment of taxes on $6.2 billion in sales initially reported, amounting to what should be approximately $41.7 million in rebates, be put to purse money for 2023, along with the $18 million Quarterly Incentive payments to owners, trainers, jockeys and grooms.

Additionally, TOBA suggested that a three per cent commission earned from inter-tote wagering on local racing, could also be allotted to purses and they also required a full disclosure of SVREL’s arrangement with BetMakers as it relates to fixed-odds betting, with a view that a percentage of those profits should also put to purses going forward.

While SVREL chairman Solomon Sharpe and members of his team had requested time to take those recommendations into consideration, the nomination of horses to allow for this weekend's short programme, implies that some inroads have been made.

But Smellie when contacted, pointed out that he is not aware of any changes where their demands for a more substantial increase is concerned. As such, he expressed strong disappointment with his colleagues who nominated horses.

“I don't know what changed. Nothing has changed between us and Supreme Ventures Racing, so I'm very disappointed in about 50 per cent of the trainers that nominated horses, I don't think they know where we are going. We were fighting for something for the benefit of all grooms, trainers, owners, and horsemen at Caymanas Park,” a vexed Smellie said.

“Never in the history of Caymanas Park we had so much people together, but I understand that there was some rumours going around that Howard Hamilton had said on national radio that people must nominate. So somebody started that rumour and got some weak knee trainers jumping and I guess they started to nominate. So, to say disappointed is an understatement,” he added.

Still, the URTAJ president took heart from the fact that his group and those it represents, achieved its objective in making a statement.

“We have observed the myopic thinking of the promoters and some of these trainers. So we are here, we are going to gather again and have a meeting shortly and see where we move from here because if they want to race for 3.5 percent increase then they can do so.

“I thank all the trainers and owners that stood up and fight the cause because those other four races could have been filled if these guys didn't stand up and fight for what they believe in,” Smellie argued.

While efforts have been made to arrive at a resolution and, by extension, ensure a speedy return of live racing at Caymanas Park, the purse standoff between promoting company Supreme Ventures Racing and Entertainment Limited (SVREL) and horsemen remains at a deadlock and threatens the cancellation of another race meet.

This, as United Racehorse Trainers' Association of Jamaica (URTAJ) president Patrick Smellie and his counterparts declared intentions to again withhold nominations, if SVREL doesn’t offer a more attractive purse increase instead of the $27 million that was already rejected and resulted in the cancellation of races on July 15 and 16.

“We the trainers have decided that we are still not accepting the $27 million increase in purse money from SVREL because there is an anomaly in the numbers based on why we signed for 49 per cent. So, we are still questioning why that has happened and the trainers have decided that they will not run races for $27 million and so no nomination tomorrow [Tuesday],” the URTAJ president declared.

Though Smellie and members of his group had discussions among themselves, their decision stems from a meeting between representatives of the promoting company, including chairman Solomon Sharpe, and Thoroughbred Owners and Breeders Association (TOBA) of Jamaica on Monday, where the horsemen maintained their stance against the inadequate amount.

In fact, TOBA, represented by directors Andrew Azar, Garwin Tulloch and vice-president Desmond Lewis, accompanied by Chief Executive Officer, Ainsley Walters, made a few recommendations, as they sought to have SVREL consider increasing its offer.

Despite the Betting, Gaming and Lotteries Commission (BGLC) confirming SVREL’s income as $5.3 billion and not the $6.2 billion which sparked the standoff, TOBA in a release on Monday, pointed out that it laid down a few terms as a possible way forward.

The owners group recommended that SVREL’s overpayment of taxes on $6.2 billion in sales initially reported, amounting to what should be approximately $41.7 million in rebates, be put to purse money for 2023, along with the $18 million Quarterly Incentive payments to owners, trainers, jockeys and grooms.

Additionally, TOBA believes a three per cent commission earned from inter-tote wagering on local racing, could also be allotted to purses and they also required a full disclosure of SVREL’s arrangement with BetMakers as it relates to fixed-odds betting, with a view that a percentage of those profits should also put to purses going forward.

Meanwhile, TOBA said it acknowledges SVREL’s request for time to analyze and consider the recommendations tabled.

“Though SVREL acknowledged TOBA’s recommendations, committing to re-engage the association, the promoting company cited circumstances beyond their control as external factors to be considered ahead of resuming discussions. TOBA awaits SVREL’s return to dialogue in order to hasten the resumption of local racing as the hub of the thoroughbred industry,” the release stated.

“SVREL added to the discourse by pointing to funds taken from the racing industry unclaimed winnings, which it believes should be returned to purses annually, suggesting TOBA could lead the lobby for racing’s monies to remain in the industry,” it noted, adding that owners were advised to continue paying the expenses for keep and care of horses.

Supreme Ventures Racing and Entertainment Limited (SVREL), operators of Caymanas Park, is in mourning at the passing of industry stalwart Christopher Armond. The iconic former commentator turned administrator died on Wednesday after a short illness at the age of 67.

SVREL Chairman Solomon Sharpe was naturally saddened by the passing of the man whom he considered a dear friend.

 “I have many fond memories of working with Chris from the early days and was always impressed by his vast knowledge,” Sharpe said.

“He has done so much for Caymanas Park and the horseracing industry in general. I offer my condolences to his family and friends. He will be greatly missed.”  

Armond, who was the Director of Racing at Supreme Ventures Racing and Entertainment Limited (SVREL) enjoyed an illustrious career spanning more than 40 years and was held as the standard for horse race commentary throughout the region.

In 1984, he was awarded the Press Association of Jamaica (PAJ) Golden Microphone Award for his commentary. Armond also commentated in Detroit, Michigan and served as an administrator in Trinidad & Tobago and Barbados.

“For many Jamaicans, Armond is the voice of horseracing,” SVREL said in a statement Wednesday.

“From 1975 to 1985, Chris Armond established a new level of excitement and accuracy in race commentary with his distinguished vocal delivery. He provided colourful commentary in his distinctive voice, bringing horseracing into homes across the island.

“Even today, he remains the gold standard of commentating in the industry, not just locally but also for fans overseas.”

In addition to Armond’s iconic commentary, he also served as an administrator in the industry for many years and was inducted into the Hall of Fame of Thoroughbred Racing in June 2017 under the category of “Other Racing Personalities”.

It was seemingly natural for Christopher Joseph Armond to have a professional life as part of the racing industry. His father, Joseph, a Hall of Fame inductee, was co-managing director of Caymanas Park Limited, and his grandfather Altamont was the founder of the promoting company, Jamaica Turf Club. Armond carried on this family legacy and served as Director of Racing until his retirement on Sunday, December 27, 2020.

“Armond has left an indelible legacy in the sport of horseracing. His accomplishments are insurmountable and his contribution to the sport will never be diminished,” SVREL’s statement said.

“Our thoughts are with his family and dear friends during this difficult time.”