Updated on 09/16/2011 9:25AM

Lido Palace to skip Classic over fee

Lido Palace will miss the Breeders' Cup Classic because his owner won't pay an $800,000 supplemental entry fee.

ELMONT, N.Y. - The connections of Lido Palace will not pay the $800,000 supplemental fee to make him eligible for the $4 million Breeders' Cup Classic on Oct. 26, saying the risk is not worth the reward while calling on the Breeders' Cup to change its supplemental policy.

The decision was made Tuesday morning, following a conversation between owner John Amerman and trainer Bobby Frankel. Though $720,000 of the supplemental fee would go into the purse, Lido Palace would only make money if he wins. A second-place finish would allow Amerman to break even after he pays the jockey and trainer their 10 percent.

"The way the World Thoroughbred Championships are structured you have to win to make money," said Amerman, whose horse would earn $2,699,840 with a Classic victory and $1,038,400 by finishing second. "If you run second, you break even and it gets ugly after that."

Frankel, who will still be represented in the Classic with Medaglia d'Oro and Milwaukee Brew, told Amerman he made the right decision.

"It was his decision and I definitely agree with it because [supplementing] doesn't make sense," Frankel said. "There's no real pluses whatsoever. What if you draw a bad post? Or it comes up a bad racetrack? It's not going to enhance his value as a stallion by that much."

Lido Palace, who was coming off a victory in the Woodward Stakes and a runner-up finish in the Jockey Club Gold Cup, will be pointed to the $400,000 Clark Handicap at Churchill Downs on Nov. 29. He will also race again next year, according to Frankel.

Of 11 horses to be supplemented to the Classic, only Wild Again ($360,000 supplement), Skip Away ($480,000), and Tiznow ($360,000) have won. In 1998, owner R.D. Hubbard lost his $800,0000 supplement when Gentlemen finished last. Other supplemental busts were Cutlass Reality, Best Pal, and Gander.

Amerman noted that although the Breeders' Cup changed its name to the World Thoroughbred Championships, "the current rules seem to exclude horses from the Southern Hemisphere.

"I knew that when I bought this horse, but I still hope the Breeders' Cup and NTRA will look at this, so if someone without the wherewithal to do this comes along they could still run in the World Thoroughbred Championships."

Pre-entries for all eight Breeders' Cup races must be made by next Tuesday, and will be announced on Oct. 17. Entries for all eight races will be taken on Oct. 23.

- additional reporting by Jay Privman