Horsemen group against sale of Caymanas Park lands to SVL

Any effort by Supreme Ventures Limited (SVL) to take over ownership of Caymanas Park will be met with firm resistance from the horsemen group, led by the Thoroughbred Owners and Breeders Association (TOBA). 

Just over a month ago, Supreme Ventures Limited, the parent company of the promoting entity, Supreme Ventures Racing and Entertainment Limited (SVREL), announced that they would be willing to put US $100 million or approximately JM $16 billion towards the upgrading of Caymanas Park.

However, SVL noted that such an investment could only materialize if they gain outright ownership of the facility. The various stakeholder groups met at Caymanas Park on Wednesday during a meeting convened by TOBA, whose president Andrew Azar once again underlined his organization's opposition to SVL’s proposal.

Azar added that TOBA has also sought clarity from the government on the matter. SVREL has a 30 year lease to operate Caymanas Park with an option to renew for another 30 years. They assumed operations of the race track in March 2017.