Jockey Club’s boost for racing prize money
On course for a record year, The Jockey Club, which owns 14 racecourses including the Rowley Mile and July courses at Newmarket, is set to beat its 2011 turnover of £139.4 million.
But with all its profits ploughed back into racing, the courses, run by the largest commercial group in British racing, will be able to offer more than £40 million in prize money.
This is an increase of more than £5 million on 2012 and includes a record £18.6 million contribution directly from Jockey Club Racecourses.
The new level of prize money funding is a 10.7 per cent increase on last year’s record £16.8 million and accounts for nearly half of the prize money available through the Jockey Club’s racecourses next year.
Jockey Club group chief executive Simon Bazalgette said: “ The Jockey Club exists solely for the good of racing and cares about the long-term health of our sport. The prize money announcement is another demonstration of how everything we make goes back into British racing and the importance of providing a fair return to horsemen.
“I’m delighted that in the process of offering more than £40 million in prize money next year, we have also been able to upgrade our race programme.”
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Sunday 19 May 2013
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