Ogden Mills Phipps

Open Letter to the Industy: #FreeDataFriday: Volume 34

UNDERSTANDING TAKEOUT Ogden Mills Phipps, former chairman of both The Jockey Club and New York Racing Association and a legendary owner and breeder, heartily advocated for lower takeout nearly five decades ago. In December 1976, Blood-Horse outlined the Phipps plea, a source of great concern given the rising competition in the New York market. "With continuing declines in track attendance and mutuel handle, Thoroughbred racing is faced principally with twin threats, witnesses at an Aqueduct hearing stressed. There are the existing off-track betting structure, which has hurt track management and...

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