Horse Racing Ireland (HRI) and the New York State Thoroughbred Breeding and Development Fund have signed a memorandum of understanding to leverage and expand the two parties' shared commitment regarding their respective racing and breeding jurisdictions.
Recognising a shared interest in fostering a cooperative relationship, both parties aim to cross-promote the participation of Thoroughbred breeders, owners, trainers and racehorses across both jurisdictions.
According to a press release issued by HRI on Wednesday, “The memorandum of understanding demonstrates a mutual commitment to advancing and promoting the growth and success of both parties respective thoroughbred breeding and racing industries in key areas such as racing programmes, breeding and bloodstock sales, education, employment opportunities and welfare.”
Suzanne Eade, CEO of HRI, said, “I am delighted to sign this agreement, which is building on the existing long-standing relationship HRI has with the New York Thoroughbred Breeding and Development Fund. They are a valued industry partner and the memorandum of understanding identifies a range of objectives and goals across all facets of our industries that we can both further leverage to create a positive and mutually beneficial impact.”
New York State Thoroughbred Breeding and Development Fund chairman Brian O'Dwyer added, “This is great news for New York State, as it underscores the important role our Thoroughbred breeding industry plays on the global stage. We are honoured to work with our partners at Horse Racing Ireland, as we have much to learn and much to share.”
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