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Posted: Friday December 12, 2008 5:05PM; Updated: Friday December 12, 2008 5:05PM

Breeder's Cup slashes $4.5 million of stakes purses

Story Highlights

The cuts are a result of the economic downturn

They will affect 121 stakes races at about 40 tracks

The reduction won't affect the two-day Breeders' Cup event

LEXINGTON, Ky. (AP) -- The Breeders' Cup will slash $4.5 million in co-funding of stakes races at North American tracks in 2009 because of the economic downtown.

The cutback will affect 121 stakes races for Breeders' Cup-nominated horses at about 40 racetracks, spokesman Jim Gluckson said Friday. The Breeders' Cup kicked in extra purse money to what was already offered for the races.

The reduction won't affect the two-day Breeders' Cup event, scheduled for November at Santa Anita in Arcadia, Calif. The $25.5 million worth of purses will remain the same as this year.