Ex-CEOs of major European pension funds back new climate endowment

first_imgThree individuals were identified as “initiators and founders” of the endowment:Jochen Wermuth, founder of German family office Wermuth Asset Management and member of the investment committee of Germany’s newly created €24bn fund to finance the storage of nuclear waste;Markus Bodenmeier, co-founder of AQAL, a Munich-based multi-family office; andPatrick Horend, former special situations investor and risk manager at the Abu Dhabi Investment Council.AQAL and Wermuth Asset Management are also separately named as backing the launch. Philippe Desfossés (top) and Mats AnderssonThe initiators of Climate Endowment aim to raise €20bn-40bn in commitments from the public and private sector.It is due to be launched in the autumn and will be headquartered in Berlin, “the centre of the energy transition and home to many research and policy institutions on climate change”, the statement said.Targeting institutional investors such as EU pension funds, it said it would focus on illiquid investments in renewable energy, new mobility, and related clean tech assets.Large US endowments had achieved better financial results than EU pension funds and insurers over the past decades, according to the statement, which attributed this to the former being able to invest with a long-term horizon, “largely in illiquid assets, alternative asset classes and largely taking equity risk”.EU pension funds and insurers, in contrast, were prevented from investing in this way by regulation, and often did not have the resources to do so. The former chief executives of two major European pension funds are supporting a planned new endowment focused on investing in climate change solutions.Mats Anderson, former CEO of AP4 in Sweden, and Philippe Desfossés, ex-CEO of France’s ERAFP, are supporting the founders of the Climate Endowment, according to a press release.Stephen Blyth, former chief of Harvard University’s endowment fund, is the third major investment expert on the new group’s advisory panel.According to the press release, the Climate Endowment was being launched as “an urgent response to the climate crisis and to the European voters’ outcry for a green revolution”.last_img read more

Bedford PASS checkers fly for rookie Bard

first_imgWith three front-runners out, 10th-place starter Christian Rumsey inherited fourth and Tyler Denochick fifth.  At the same time as Keen’s misfortune, Randy Sterling and Devon Adams made contact. All three cars were done for the night.  Bard led the entire race but hardly had it easy. With leaders entering traffic in about five laps, Bard had to contend with challenges from Drew Ritchey and Doug Dodson until polesitter and rookie Kyle Keen, running fourth, lost his right front tire on lap nine and skidded along the outside guard rail before stopping in turn two, ending an impressive return to racing two weeks after getting married.  By Frank Buhrman and Stephanie Stevens Dodson In the fourth turn on the final lap, Dodson outraced Ritchey for second place. The restart saw Bard again pull out to a healthy lead, although traffic entered the picture late and continued to make things interesting. Dodson continued his quest for national rookie of the year honors with his runner-up finish, followed across the finish line by Ritchey, Rumsey and Robby Bartchey.  Now he can add a win to both lists, after taking the 25-lap feature co-sanctioned by the two IMCA RaceSaver Sprint Car groups. BEDFORD, Pa. (Sept. 21) – Coming into Saturday’s racing at Bedford Speedway, rookie Garrett Bard had three wins in Pennsylvania Sprint Series competition and one with the Laurel Highlands Sprint Series, all in less than three months. Rookie Garrett Bard was the Pennsylvania Sprint Series winner Saturday at Bedford Speedway. (Photo by Jason Walls) Feature results – 1. Garrett Bard; 2. Doug Dodson; 3. Drew Ritchey; 4. Christian Rumsey; 5. Robby Bartchey; 6: Steve Kennewel. Tyler Denochick; 8. Jaremi Hanson; 9. Larry McVay; 10. Landon Price; 11. Reed Thompson; 11. Scott Ellerman; 12. Jake Frye; 13. Ron Aurand; 14. Erin Statler; 15. Zach Newlin; 16. David Grube; 17. Ryan Lynn; 18. John Fiore; 19. Kyle Keen; 20. Devin Adams; 21. Randy Sterling; 22. Scott Lutz; 23. Stevie Kennawell; 24. Dylan Proctor.last_img read more

Update on the latest sports

first_imgUpdate on the latest sports — Artem Anisimov (ahr-TEHM’ ah-NEE’-see-mahv) scored twice on 10 shots in regulation before providing the lone shootout goal in the Senators’ 4-3 win against the Red Wings. Scott Sabourin also scored and Marcus Hogberg stopped 25 shots as Ottawa sent Detroit to its fifth consecutive loss.NHL-NEWSLightning lose Stamkos for rest of regular seasonUNDATED (AP) — Lightning captain Steven Stamkos is expected to miss the rest of the regular season and potentially the first round of the playoffs.The team says Stamkos will undergo surgery for a core muscle injury and will be out for approximately six to eight weeks, including rest and recovery. NASCAR-FONTANA-QUALIFYINGClint Bowyer takes Fontana poleFONTANA, Calif. (AP) — Clint Bowyer (BOY’-ur) has won the pole for the NASCAR Cup Series race at Fontana, holding off six-time race champion Jimmie Johnson.Bowyer turned a lap in 40.086 seconds in his Stewart-Haas Racing Ford to claim just his fourth pole position in 508 career Cup races. The veteran racer also won the pole for the first time in 20 career races at Auto Club Speedway east of Los Angeles.SOCCER-LIVERPOOL LOSES Brignone wins combined title as World Cup finish is in doubtLA THUILE, Italy (AP) — Federica Brignone (feh-deh-REE’-kah breen-YOH’-nay) won the Alpine combined World Cup title on Sunday without clicking into her skis. And the Italian might end up winning the overall and giant slalom globes as well without any further racing this season.Heavy snowfall caused the cancellation of the Alpine combined race on Sunday, reducing the number of races left for the season to seven — in Sweden and Italy. However, the international ski federation said it was yet unclear whether those races could go on amid health concerns regarding the spread of the coronavirus in Europe.The cancellation handed the season title to Brignone, who won both combined races that took place this season.Brignone could also become the first Italian overall winner in the 53-year-history of the women’s World Cup. She is 153 points ahead of three-time overall champion Mikaela Shiffrin, who remains on a break from racing following the death of her father, Jeff Shiffrin, four weeks ago. Petra Vlhova of Slovakia, who is leading the slalom and the parallel standings, is third in the overall ranking, trailing Brignone by 189 points. March 1, 2020 — Trey Lyles had 20 points and the Spurs overcame a shaky fourth quarter to beat Orlando, 114-113. San Antonio had seven players score in double figures, including 19 points from Rudy Gay, 16 from DeMar DeRozan and 15 by Dejounte (deh-JAHN’-tay) Murray.— Eric Paschall’s (PAS’-kulz) 25 points led the Warriors in a 115-99 comeback at Phoenix. Damion Lee had 20 points and eight assists for Golden State, which trailed 41-28 after one period before ending an eight-game losing skid.— Trae Young and John Collins each recorded double-doubles in the Hawks’ 129-117 victory over the Trail Blazers. Young had 25 points and 15 assists, while Collins added 24 points and 10 rebounds in Atlanta’s second consecutive win.— Backup Mitchell Robinson had a career-high 23 points and grabbed 10 rebounds as the Knicks beat the Bulls, 125-115 to end a six-game losing streak. Julius Randle contributed 22 points and 10 boards for the Knicks, who blew most of a 17-point, third-quarter lead before prevailing.NBA-WARRIORS-CURRY Elsewhere on NHL ice:— The Blues still lead the Central Division by three points over the Avalanche after Ryan O’Reilly scored the only shootout goal to lead St. Louis over the Stars, 4-3. David Perron (peh-RAHN’) netted his team-high 25th goal and Brayden Schenn scored in his fourth straight game as the Blues ran their winning streak to seven straight.— Pavel Francouz (FRAN’-sohs) made 30 saves and blanked the Predators until the final 5 ½ minutes of Colorado’s sixth consecutive win, 3-2 at Nashville. Gabriel Landeskog (LAN’-dehs-kahg) and Martin Kaut scored 2:15 apart late in the second period to give the Avalanche a 2-0 lead.— The Penguins own their first six-game losing streak in eight years after Martin Jones made 30 saves in his 24th career shutout to lead the Sharks past Pittsburgh, 5-0. Evander Kane and Timo Meier each had a goal and an assist for San Jose Sharks, which has followed a five-game skid with back-to-back wins.— Ryan Nugent-Hopkins produced the tiebreaking goal with 5:14 remaining to send the Oilers to their second win in six games, 3-2 against the Jets. Edmonton forward Leon Draisaitl (DRY’-sy-tul) added two goals and an assist, giving him a league-high 102 points this season. Desmond Bane scored eight of his 23 points during TCU’s tiebreaking run as the Horned Frogs upended the Bears, 75-72. Bane drained a long tiebreaking 3-pointer with 4:42 left to put the Horned Frogs ahead to stay.PJ Fuller added 21 points for TCU, while Jaire Grayer had 13 points and nine rebounds.Jared Butler and Freddie Gillespie both had 18 points for Baylor.The Bears weren’t the only top-10 team to lose to an unranked opponent.Freshman Al-Amir Dawes drained a twisting, driving bucket with a second left to give Clemson a 70-69 triumph over sixth-ranked Florida State. Dawes finished with 18 points and the Tigers overcame a 10-point hole in the second half before notching their third win over a top-10 team this season. Rockets knock off Celtics in OTUNDATED (AP) — The Houston Rockets have a six-game winning streak after outlasting the Boston Celtics in overtime.James Harden had 21 points, including a pair of free throws with 25 seconds left in overtime to send the Rockets to a 111-110 triumph at Boston. Russell Westbrook scored 41 points and Houston withstood Jaylen Brown’s 3-pointer at the end of regulation.Robert Covington added 16 points and 16 rebounds for the Rockets, who have won 10 of their last 12 games and beaten Boston five times in a row.Houston paces the NBA’s Southwest Division by 3 ½ games over Dallas. Reds fall to HornetsWATFORD, England (AP) — Liverpool’s bid for an invincible season is over following a 3-0 loss at Watford, the Reds’ first Premier League loss in 422 games and 45 matches.All three goals came in the second half, the first two from Ismaila (ihsh-MY’-lah) Sarr. Troy Denny made it 3-0 against a Liverpool defense that played poorly throughout.The win currently gets the Hornets out of the relegation zone.WORLD CUP-WOMEN’S COMBINED CANCELED PGA TOUR CHAMPIONS-COLOGUARD CLASSICQuigley maintains leadTUCSON, Ariz. (AP) — Brett Quigley fired a 5-under 68 to open a three-shot lead through two rounds of the Cologuard Classic.Quigley is bidding to win for the second time in his first four PGA Tour Champions starts.Fred Couples was second after a 66. The 60-year-old Hall of Famer won the last of his 13 senior titles in 2017. Stamkos has 29 goals and 66 points this season, both second on the team behind Nikita Kucherov (KOO’-cheh-rahv).In other NHL news:— Blackhawks forwards Andrew Shaw and Zack Smith will miss the rest of the season because of injuries. Shaw has been sidelined since Nov. 30 because of a concussion. Smith is scheduled for back surgery on March 6.— The Islanders will make their full return to Long Island a year early after splitting the last two seasons between Nassau County and Brooklyn. New York Gov. Andrew Cuomo has announced that the team will play all home games during the 2020-21 season at the Nassau Coliseum, and any home playoff dates will take place on Long Island this season and next.PGA-HONDA CLASSIC The Celtics shot 0-for-6 while going scoreless over the final 2:49, dropping them one game behind the Atlantic Division-leading Raptors.Checking out Saturday’s other NBA action:— The Lakers’ seven-game winning streak is over after rookie Ja (jah) Morant provided 27 points and matched his season high with 14 assists in the Grizzlies’ 105-88 stifling of Los Angeles. Jonas Valanciunas (YOH’-nuhs val-ehn-CHOO’-nuhs) had 22 points and 20 rebounds as Memphis halted a five-game skid.— Kendrick Nunn scored 21 points and Goran Dragic added 19 points off the bench to lead the Heat past the Nets, 116-113. Bam Adebayo had 16 points and 12 rebounds for the Southeast Division leaders, who didn’t clinch the win until Spencer Dinwiddie threw away a pass in the closing seconds.— T.J. Warren scored 30 points and Malcolm Brogdon added 22, including the go-ahead basket midway through the fourth quarter of the Pacers’ 113-104 downing of the Cavaliers. Domantas Sabonis (doh-MAHN’-tahs sah-BOH’-nihs) had his 46th double-double of the season with 18 points and 13 rebounds to go with nine assists in Indiana’s fifth win in six games.center_img Beijing won the right to host the 2022 amid light competition, despite questions about a lack of natural snow, pollution and scarce water resources. — The Maple Leafs picked up their third straight win as Martin Marincin’s (mah-RIHN’-chihnz) first goal of the season broke a 2-2 deadlock 18 seconds into the third period of a 4-2 decision over the Canucks. Auston Matthews scored his 45th goal of the season and Frederik Andersen turned back 25 shots to help Toronto solidify its hold on third place in the Atlantic Division.— Tomas Tatar’s (tah-TAHRZ’) third assist of the game was a setup of Jeff Petry’s overtime goal that pushed the Canadiens past the Hurricanes, 4-3. Phillip Danault (dah-NOH’) and Branden Gallagher each had a goal and an assist as Montreal dealt Carolina its third loss in a row.— Arizona spotted Buffalo an early 2-0 lead before Clayton Keller collected two goals and an assist to send the Coyotes past the Sabres, 5-2. Antti Raanta (AN’-tee RAHN’-tah) stopped 25 shots and blanked the Sabres after Marcus Johansson and Jeff Skinner scored 44 seconds apart in the first period.— Patrick Kane and Jonathan Toews (tayvz) each scored in the shootout to lift the Chicago Blackhawks over the Panthers, 3-2. Toews also had a goal and an assist in regulation as Chicago handed Florida its sixth straight home loss.— The Kings beat the Devils, 2-1 on Adrian Kempe’s (KEHM’-pehz) goal at 1:58 of OT. Dustin Brown also scored and Jonathan Quick made 32 saves as Los Angeles improved to 3-1-1 in its last five games. B’s blank IslandersUNDATED (AP) — The Boston Bruins continue to own a seven-point lead over Tampa Bay in the NHL’s Atlantic Division after winning for the 14th time in their last 18 games.The Bruins have a league-best 94 points after Charlie McAvoy provided a goal and two assists in a 4-0 shutout of the Islanders. David Pastrnak (PAHS’-tur-nahk) notched his league-leading 48th goal of the season and Brad Marchand added a goal and an assist.Tuukka Rask made 12 of his 24 saves in the third period of his fourth shutout of the season and 49th of his career.The Lightning kept pace with Boston and ended a four-game losing streak by downing the Flames, 4-3. Tyler Johnson and Ondrej Palat (AHN’-dray pah-LAHT’) scored power-play goals and Yanni Gourde (YAH’-nee gohrd) added a shorthanded tally in Tampa Bay’s first victory since its team-record, 11-game winning streak came to an end. Warriors star Curry not playing SundaySAN FRANCISCO (AP) — Golden State Warriors guard Stephen Curry won’t make his return to the court Sunday against the Wizards as had originally been hoped.Golden State says Curry is participating in full scrimmages and “continues to make good progress in his recovery” from a broken left hand. Coach Steve Kerr said earlier this week he hoped Curry would return this weekend.Curry has played only four games this season, falling on his hand Oct. 30 against the Suns.NHL-SCHEDULE Fleetwood in charge at Honda ClassicPALM BEACH GARDENS, Fla. (AP) — Tommy Fleetwood birdied four of his final six holes in a 3-under 67 that leaves him atop the leaderboard through three rounds of the PGA’s Honda Classic.Fleetwood moved to 5 under for the week and one shot ahead of Brendan Steele at PGA National. The Englishman is ranked No. 12 in the world but hasn’t captured a PGA title.Steele birdied two of his first three holes on Saturday to get to 7 under before carding four bogeys in an eight-hole span for a 71.Luke Donald and Lee Westwood are two strokes back. — Luka Garza scored 25 points and had 17 rebounds as No. 18 Iowa pulled away in the second half for a 77-68 win over No. 16 Penn State. Garza extended his streak of 20 or more points against Big Ten teams to a school-record 14 games and posted his 14th double-double of the season.— Yoeli Childs poured in 38 points and had 13 rebounds as 17th-ranked BYU dumped Pepperdine, 81-64. The Cougars trailed by three at halftime before outscoring the Waves, 49-29 to improve to 24-7.— Andrew Jones had a career-high 22 points and Texas closed on an 8-0 run in the final minute to secure its fourth straight win, 68-58 at No. 22 Texas Tech.— Kristian Doolittle’s 19 points and seven rebounds helped Oklahoma earn a 73-62 victory at No. 20 West Virginia. Brady Manek posted 15 points and seven rebounds as the Sooners ended a six-game road lost streak.NBA-SCHEDULE Mamadi Diakite (MAH’-mah dee dee-ah-KEE’-tay) hit a go-ahead layup with 39 seconds left before Jay Huff provided a huge rebound and a block to help Virginia secure a 52-50 victory against seventh-ranked Duke. Huff finished with 15 points and 10 blocks, while Diakite and Braxton Key each added 14 points.The Blue Devils have dropped two straight and three of four, all against unranked teams.In other top-25 action:— Devon Dotson scored 25 points and top-ranked Kansas overcame an injury to center Udoka Azubuike (oo-DOH’-kah ah-zoo-BOO’-kay) to earn its 14th straight win, 62-58 against Kansas State. Azubuike finished with six points and nine rebounds while playing just 20 minutes after hurting his ankle early in the first half.— Filip Petrusev (peh-TROO’-shehv) pumped in 27 points and third-ranked Gonzaga improved to 29-2 with an 86-76 defeat of Saint Mary’s. Corey Kispert added 20 points and Killian Tillie 13 as the Bulldogs continue to take aim at a No. 1 seed in the NCAA Tournament. Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditT25 MEN’S BASKETBALL-SCHEDULETCU upends BaylorUNDATED (AP) — Second-ranked Baylor has lost for the second time in three games since winning a Big 12-record 23 games in a row. OLYMPICS-BEIJING 2022Beijing 2022 organizers say on-track despite virus outbreakBEIJING (AP) — Organizers of the 2022 Beijing Winter Olympic Games say they are on track to complete all competition venues by year-end and have teams in place for test events, despite the devastating impact of the novel coronavirus outbreak that originated in the country late last year.Questions have arisen about whether this year’s Tokyo Olympic Games, set to open on July 24, can proceed, although Japan has taken extensive measures to curb the spread of the virus. Japanese Prime Minister Shinzo Abe said at a news conference Saturday that Japan is at critical juncture to determine whether the country can keep the outbreak under control ahead of the Tokyo summer Olympics.With new virus cases falling to around 500 or less daily, China has sought to slowly get its economy back on track by offering loans, tax breaks and other incentives. Strict travel restrictions remain, however, and a host of cultural and sports events have been canceled. — Malachi Flynn had a career-high 36 points and No. 5 San Diego State stretched its road winning streak to 11 games by topping Nevada 83-76. KJ Feagin had 14 points as the Aztecs improved to 28-1 overall.— Immanuel Quickley had 18 points and a career-high 12 rebounds in eighth-ranked Kentucky’s 73-66 verdict over No. 15 Auburn. The Tigers led 20-11 until the Wildcats embarked on a 20-3 run that helped them improve to 14-2 in the SEC.— Ninth-ranked Maryland absorbed a 78-66 loss to Michigan State as Cassius Winston furnished 20 points for the 24th-rated Spartans. Xavier Tillman Sr. had 14 points, 12 rebounds and six assists to help Michigan State avenge its Feb. 15 home loss to the Terrapins.— Luwane Pipkins scored 27 points to lead Providence to its fifth win over a top 25 team this month, 58-54 against No. 12 Villanova 58-54. The Friars improved to 10-6 in the Big East and boosted their NCAA Tournament resume with a win in Philly following victories over ranked teams Butler, Creighton, Seton Hall and Marquette.— No. 13 Seton Hall pulled out an 88-79 win over Marquette as Myles Powell provided 28 points and Sandro Mamukelashvili added 26. The Pirates led by 24 midway through the second half, but the Golden Eagles pulled within 84-79 with 34 seconds to play before Seton Hall moved to 13-3 in the Big East.last_img read more

Super Horse Pharoah Caps Great Weekend

first_imgStory and Photos by Art PetrosemoloOCEANPORT – More than 60,000 veteran and first-time racing fans jammed Monmouth Park August 2, for the 48th running of the $1.75 million William Hill Haskell Invitational. They weren’t disappointed.Triple Crown winner and super horse American Pharoah put on a show dominating the seven horse field over one and one-eight miles on the dirt track under sunny skies and a New Jersey summer heat wave with temperatures in the high eighties.Clad in Zayat turquoise and gold silks, California based jockey VIctor Espinoza and the Pharoah were easy to spot leaving the staring gate in front of the grandstand, all the way around the track into the homestretch where the crowds’ screaming almost drowned out announcer Frank Mirahmadi.Trainer Bob Baffert who won his eighth Haskell Invitation had said pre-race that American Pharoah was training well and he was right on the money. Justin Zayat, the owner’s son, who manages the Zayat racing operations talked, at a pre-race post position press conference about the big horse’s consistency in training.A view of the paddock at American Pharaoh enters the walking ring on Sunday. Photo: Art PetrosemoloComments by the trainer and owner and race predictions by handicappers and fans held true as Pharoah ran the race everyone expected. Breaking well from the gate, he was between the leader Competitive Edge, trained by Todd Pletcher, and Edward Plesa trained Mr. Jordon at the first turn. Sitting off the pace, until the turn for home, he shifted easily into a higher gear and with the shouts of the crowd, headed for home not to be challenged. Pharoah won by 2 1/4 lengths in a time of 1:47.4 Pharoah closing odds were $.10 on the dollar and he paid $2.20 for a $2 win wager. However thousands of tickets were bought as souvenirs and were never cashed.Finishing second to Pharoah was Keen Ice, third in the Belmont, ridden by Kent Desormeaux and Upstart, ridden by Monmouth Park favorite Joe Bravo was third.Announcer Mirahmadi who called the horse’s win April 8th in the Arkansas Derby lead up to the Triple Crown races, said post-Haskell, “American Pharoah gave the crowd what they came for. He is the best horse in the world and no thoroughbred, of any age, can come close to him.”Lines formed at 6 a.m. for the track’s 9 a.m. opening when fans rushed for space in the picnic area and planted beach chairs along the fence by the finish line. The reserved seats, grandstand, clubhouse and picnic area were packed for the 5:50 p.m. race televised by NBC.When American Pharoah came to the paddock to be saddled by trainer Bob Baffert, fans were 12-deep at the rail trying to get a glimpse of the horse, rider Espinoza and New Jersey owner Ahmed Zayat as Paddock Judge Cookie Jones got the field saddled and around the walking ring to the tunnel leading to the track.A roar rose from racing fans as the chestnut colt, out of Pioneer of the Nile, stepped onto the groomed racing surface – to the strains of Bruce Springsteen’s Born To Run – and paraded before the crowd on the way to the starting gate. The horse known for its huge, ground-covering stride walked quietly, next to a pony, under the hand of jockey Espinoza who has ridden the thoroughbred throughout his undefeated 2015 three-year old season. With the Haskell win, the horse is undefeated in his last 10 starts dating back to September 2014 including eight wins in 2015.Pharaoh paraded in front of crowd by outrider after victory Sunday. Photo: Art PetrosemoloThe Haskell is named for 20th century New York businessman and horseman Amory Lawrence Haskell. Monmouth’s former Monmouth Handicap was renamed for Mr. Haskell in 1968 two years after his death. It is the richest invitational horseracing event in North America.When veteran Monmouth Park starter John Daniels released the Haskell field, Pharoah, there was a roar from the grandstand as the seven horses jockeyed for position before the first turn as lengthening shadows moved over part of the track.Following the win, Espinoza took Pharoah for a long cool down jog to the backstretch and then was lead by an outrider back in front of the grandstand to the delight and cheers of the fans before arriving outside the winner’s circle and being greeted by more than 50 photographers from as far away as Australia.If Espinoza and Baffert orchestrated Pharoah’s race, they had less success in the post-race presentation. Pharoah and Espinoza dug a circular trench in the track dirt as officials and Baffert tried to organize the Zayat entourage into an organized group for post-race photos.When it was over and the super horse headed for the backstretch and his stall in the Kelly Breen barn, the reality of just how good this horse is began to settle in and speculation about his next outing was the talk of the writers in the press box.With his easy victory in the Haskell, Baffert said no plans have been made where or when to run Pharoah next, although they have leaned to the Breeders Cup in October. At one point The Travers Grade 1 stakes at Saratoga in four weeks was discussed but not recently.The colt will need rest and training time for the $5 million Breeders Classic race October 31.Zayat who promised racing fans they would get to see the triple crown winner race again after his Belmont victory in June chose historic Monmouth Park in his home state for the horse’s first test leading up to the Breeders Cup Classic to be run in late fall at Keeneland in Lexington, KY, and ultimately the breeding barn where the stud fees are estimated to be $200,000 or more.* * *Racing fans including families with lots of children took advantage of Monmouth Park’s invitation to watch American Pharoah train the three days prior to the Haskell. Crowds increased each day as the three-year old colt took to the track at exactly 7:30 a.m. to jog and gallop in front of an adoring audience and hundreds of media including news helicopter hovering high over the infield.Monmouth Park welcomed the horse with open arms as it is in the midst of a fight for survival surrounded by tracks in neighboring states with on-site gambling to supplement race purses. The horse, the race and the festival MP planned for the Haskell weekend provided new focus on New Jersey’s horse racing industry and helped bring new fans to the Oceanport facility. The track, now run by the New Jersey Thoroughbred Horseman’s Association, is transforming itself into a family destination with activities such as on-site miniature golf, activities for children and a soon-to-open gourmet restaurant near the oval’s final turn.last_img read more