After lengthy discussions, an agreement has been reached between the TBA and Cape Thoroughbred Sales (“CTS”) whereby one single sale will be held in the Cape on the weekend of 3 – 4 March 2012.
The sale will be known as the 2012 Cape Premier Yearling Sale – Book II (“2012 CPYS – Book II”). The sale will be run by CTS and the TBA will receive 2% of the recorded sales aggregate. Other matters covered by the agreement include:
1. CTS will consider using Val de Vie Estate as the venue.
2. CTS has undertaken to publish the TBA logo with words ”sanctioned by the TBA of South Africa” in its advertising and on the front cover of the catalogue.
3. The TBA will provide 100 stables to CTS free of charge for this sale.
4. CTS will purchase the pedigrees for this sale from the TBA.
Unfortunately one negative consequence is that breeders will be unable to dual enter for the 2012 CPYS – Book II and the 2012 National Yearling Sale.
It should be emphasized that this agreement covers this particular sale and for 2012 only. CTS were unable to commit to anything other than this event as they are unsure of date and venue for the future. We, the TBA, feel that this agreement is in the best interest of all parties for 2012, but remain committed in the long term to a sales program meeting the needs of all its members. This agreement should not be seen as any indication that the TBA will no longer hold regional sales. In fact, the TBA has secured the Val de Vie Estate venue for 2 – 3 March 2013. Having said that, the TBA remains open to all ideas and will consider everything on its merits, with the goal of working always for the betterment of the breeding industry as a whole.
Whilst the TBA and CTS are competing sales companies, in the interest of harmony in the industry, the TBA has assigned the brand name Cape Premier Yearling Sale to CTS.
Breeders can support the 2012 CPYS – Book II, secure in the knowledge that 2% of sales aggregate will be paid to the TBA and thereby contribute directly and immediately to the funding of equine and AHS research, quarantine station, Racing South Africa foreign marketing, breed registrations, stud book maintenance, etc.
