The Jockey Club which owns Newmarket’s two racecourses and runs its world famous racehorse training grounds, has announced record growth in its annual results.
The results show how a focus on maximising returns from the Jockey Club’s commercial operations have allowed it to pump more than £400 million into prize money and facilities for customers over the last decade.
The Jockey Club which owns some of the world’s leading racing festivals, including Newmarket’s QIPCO Guineas Festival as well as the Crabbie’s Grand National Festival and the Cheltenham Festival is governed by Royal Charter to reinvest all profits into British racing.
Key to its record turnover of £171.2 million were ticket sales, particularly at major racing festivals, and its popular music nights . Jockey Club group chief executive Simon Bazalgette, said: “I’m delighted we’ve been able to grow the business for a sixth successive year because it allows us to increase our dividend for British racing. By maximising returns from our commercial operations we’ve been able to invest more than £400 million into the sport in the last 10 years.”