10/18/2004 11:00PM

Sales panel talks reform


Members of the Thoroughbred Owners and Breeders Association's Sales Industry Task Force met Tuesday afternoon in Lexington, Ky., to discuss several potential reforms to the commercial bloodstock industry.

Members were not available late Tuesday afternoon to comment on details from the meeting, but the panel's chairman, Cot Campbell, had said that the agenda included key points raised this summer by prominent buyer Satish Sanan. Sanan recently resigned from his Alliance for Industry Reform in order to participate as an independent member on the TOBA task force. When he founded the alliance this summer, he criticized the practice of dual agency and called for full disclosure of veterinary procedures on sales horses. He also called for full disclosure of buying and selling agents' clients in transactions - an issue that is said by task force members to be among the most contentious topics of debate.

Sanan was expected to attend the task force gathering in Lexington. The task force was established in response to Sanan's call for reform in the bloodstock market. Panel members include representatives from bloodstock agencies, sale companies, breeders, and buyers.